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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,144. On Tuesday, Indian equity benchmarks ended higher, recouping most of Monday's losses. The BSE Sensex rose 1.9% or over 1,370 points to close above 74,000 and the NSE Nifty 50 advanced 1.8% to settle above 22,900. The gains in the benchmark Indices were led by HDFC Bank, ICICI Bank and L&T.
Meanwhile, Oil prices fell more than 5% on Wednesday after US President Donald Trump said Washington and Tehran are in negotiations and indicated Iran wants a peace agreement. Brent crude futures fell nearly 6% to $98.31 a barrel, while US West Texas Intermediate futures dropped 5% to $87.65 a barrel. Elsewhere, Asia-Pacific markets opened higher on Wednesday. Japan's Nikkei 225 rose 3.05% to 53,847.76, while South Korea's Kospi gained 3.23% to 5,733.23. Australia's ASX 200 also moved up 2.04% to 8,550.20.
United Spirits has sold RCB for Rs 16,700 crore to an Aditya Birla Group consortium.
The brokerage said Bajaj Finserv is expanding across the financial services ecosystem through lending, general insurance, life insurance and other subsidiaries.
It said Bajaj Finance remains the group’s lending business, Bajaj General Insurance is scaling up, and Bajaj Life Insurance is working to improve its position. It added that emerging subsidiaries are widening the group’s presence across financial services.
The brokerage said the company offers a healthcare-focused technology platform and sees outsourcing demand supporting growth as payer margin pressure continues.
Nomura said Sagility could benefit from AI-led efficiency gains and expects earnings per share to grow at a 20% CAGR over FY26 to FY28.
The brokerage said housing disbursement growth has been soft, with slower growth at the lower end, though Q4 year-to-date momentum has been good. It added that lower rates should help stabilise demand.
Jefferies said large housing finance companies face spread compression that can weigh on earnings. It added that growth at affordable housing finance companies has moderated and valuation premia have normalised, making select names more attractive as growth stabilises and company-specific pressures ease.
Jefferies said it prefers Home First and added that prime housing finance companies’ asset quality should be more resilient if the Middle East conflict lasts longer.
The brokerage said the latter month could be the highest ever by volumes and expects listed property developers to report 10-15% sales growth in Q4. It said this could take FY26 sales growth to more than 20%.
Jefferies said sentiment impact from the Iran conflict could lead to lower FY27 guidance. It added that valuations are now closer to long-term lows on PNAV and below 20 times reported price-to-earnings.
The brokerage said company guidance may include a cushion for uncertainty linked to the Middle East.
It also said foreign exchange provides support for profitability and EPS expectations for FY27, and that Infosys could perform better than Wipro.
Futures tied to the Dow Jones Industrial Average advanced 318 points, or 0.7%.
Bernstein has initiated Adani Power with an Outperform rating and a target price of Rs 177. It has also started JSW Energy with Outperform and a target price of Rs 575, and Tata Power with Outperform and a target price of Rs 443.
The brokerage has initiated NTPC Green with an Underperform rating and a target price of Rs 80.
Bernstein said India’s energy security has been tested by disruption around Russian oil and the Iran war. It said the stronger opportunities are in thermal, nuclear, storage and grid-linked names, rather than pure renewable plays alone.
The brokerage said Bajaj Finserv is building a wider financial services platform across lending, general insurance, life insurance and other financial businesses.
It said Bajaj Finance remains the key lending business, Bajaj General Insurance is expanding, and Bajaj Life Insurance is working to improve its position. It added that the group’s other subsidiaries are widening its presence across financial services.
The review will include the fourth and final tranche of methodology changes linked to Nifty Bank. The Nifty Next 50 will see six inclusions and six exclusions.
Bharti Airtel, Tata Motors CV, Cummins, Union Bank and HDFC AMC are set to see the highest inflows. ICICI Bank, ICICI Lombard, Info Edge, HDFC Bank and Havells are set to see the highest outflows.
The bank said the arrest is linked to program managers and not to GST compliance.
Fino Payments said the chief executive has filed a bail plea before the Special Judge for Economic Offences. The bank added that operations remain stable and deposits have reached Rs 2,900 crore.
The RBI has also waived the public notice period for the transaction.
Avenir will infuse Rs 8,849 crore through a preferential issue. Its stake will rise to 41.23% and may increase to 63.36% after the open offer.
The Dow Jones Industrial Average lost 84.41 points, or 0.18%, to settle at 46,124.06.
The Nasdaq Composite dropped 0.84% to end at 21,761.89.
Japan’s Nikkei 225 rose 3.05% to 53,847.76, while South Korea’s Kospi gained 3.23% to 5,733.23.
Australia’s ASX 200 also moved up 2.04% to 8,550.20.
Brent crude futures fell nearly 6% to $98.31 a barrel, while US West Texas Intermediate futures dropped 5% to $87.65 a barrel.
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