India’s BSE Sensex rose about 0.3% to 74,808 on Thursday, extending the previous session’s rebound as investors rotated back into recently battered stocks following the latest market pullback. The move was largely viewed as a technical recovery from oversold levels rather than a fundamental shift in sentiment, with crude oil prices still elevated. Market participants also looked ahead to a scheduled US–China meeting for clues on global oil supply dynamics, which could impact India’s inflation outlook and overall equity mood.
On the stock front, NLC India gained roughly 11.5% after reporting a sharp jump in Q4 FY26 results, with net profit nearly tripling year-on-year. MTAR Tech surged 8.8% after securing purchase orders worth $238.76 million. Adani (+5%), Cipla (+5.1%), and Texrail (+5.7%) also advanced. In contrast, Kaynes Tech slid 16.2% after JPMorgan downgraded the stock and cut its price target, reflecting diminished expectations for the company’s future performance.
