POST MARKET
Indian equity markets ended with strong gains, with the Nifty closing above the 24,300 mark, as optimism grew over a potential US-Iran agreement to ease geopolitical tensions.
Except power, FMCG, energy, all other sectoral indices ended in the green with auto, media, private bank, PSU Bank, realty, metal, pharma up 1-2%.
Broader markets outperformed the benchmark, with the Nifty Mid, Smallcap indices rising nearly 2% each.
STOCKS IN NEWS
Coforge
Coforge stock jumped more than 9 percent today after the company’s Q4 results beat expectations. Brokerages largely remained positive on the stock, citing strong margins, improving cash flows and a healthy order book pipeline.
Spicejet
Shares of SpiceJet rose AROUND 5 percent in Wednesday’s trade after the government approved an Emergency Credit Line Guarantee Scheme (ECLGS) to support MSMEs and airlines impacted by the West Asia conflict.
KPI Green Energy
KPI Green shares rose as much as 6.79 percent, before paring gains, as the renewable energy company reported strong Q4 FY26 results, with revenue rising 40 percent and profit growing 46 percent year-on-year.
HDFC Bank
HDFC Bank shares rose 3% on May 6 after review Review of India’s HDFC Bank finds no major governance concerns after chairman Atanu Chakraborty’s exit in March.
Source – Moneycontrol
