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Domestic markets extended gains for a third session, led by financial and FMCG stocks, with Nifty 50 and BSE Sensex rising sharply. Lower volatility and bullish technical signals supported sentiment, despite mixed global cues and geopolitical uncertainties influencing investor outlook
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Nifty 50 extended gains for a third session, supported by financial and FMCG stocks, with bullish RSI signals and lower volatility. Analysts highlight buying opportunities in Nestle India, Gujarat Ambuja Exports Limited, Kfin Technologies, and NLC India amid positive technical trends
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Powerica Limited announced a significant surge in its third-quarter net profit for FY26, reaching Rs 98 crore. This represents a 226% increase compared to the previous year. Revenue also saw a healthy rise of 8.3% to Rs 763 crore. This marks the company’s inaugural earnings report following its stock market debut.
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Avis Budget shares surged to a record high, fueled by a significant short squeeze. High short interest, exacerbated by major holders like SRS Investment Management and Pentwater Capital Management, forced short sellers to cover their positions. This rally has resulted in substantial losses for those betting against the car-rental company.
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The hearing quickly turned contentious, and the pace of Warsh’s confirmation process through the Senate remained in doubt.
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