Dalal Street closed on a positive note on Wednesday, despite volatility during the session. Both the Sensex and Nifty ended up by about 0.5%, signaling resilience and renewed investor optimism. Market participants will be watching closely to see if this upward momentum continues.
Ajit Mishra, Senior VP of Research at Religare Broking, noted that although the markets were volatile, the bulls are making a strong effort to hold the uptrend, indicating underlying confidence.
Key Q4 Earnings to Watch Today
Several notable companies are set to announce their January–March quarter results today, including:
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ITC
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Sun Pharmaceutical Industries
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Grasim Industries
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Honasa Consumer
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Bajel Projects
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Barbeque-Nation Hospitality
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Clean Science and Technology
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Container Corporation of India
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Deepak Fertilisers and Petrochemicals
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Emcure Pharmaceuticals
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GMR Airports
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HFCL
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Metro Brands
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Premier Explosives
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Ramco Cements
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Strides Pharma Science
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Windlas Biotech... among others.
Highlights from Recent Corporate Earnings
InterGlobe Aviation (IndiGo) posted a stellar Q4 with a 62% jump in consolidated net profit to Rs 3,067 crore, up from Rs 1,895 crore last year — a strong signal for the aviation sector and domestic consumption.
IndusInd Bank, however, reported a net loss of Rs 2,236 crore for Q4, sharply down from a Rs 2,346 crore profit last year, with net interest income falling 43% YoY to Rs 3,048 crore, highlighting sector-specific challenges.
Rail Vikas Nigam Ltd (RVNL) reported a healthy Q4 net profit of Rs 459 crore on revenues of Rs 6,426 crore, while IRCON International’s PAT slipped to Rs 212 crore from Rs 247 crore a year ago.
National Aluminium Company (Nalco) showcased robust performance with a net profit of Rs 2,067 crore and a 47% rise in revenues to Rs 5,267 crore.
In the FMCG sector, Colgate Palmolive (India) saw a 6.5% drop in net profit to Rs 355 crore, alongside a 1.8% revenue decline. The company declared a second interim dividend of Rs 27 per share.
Mankind Pharma experienced an 11% dip in net profit to Rs 421 crore, though revenue rose by 27% to Rs 3,079 crore, indicating mixed results in pharma.
Futures & Options Update
NSE announced that starting August, Aarti Industries, Birlasoft, Hindustan Copper, Mahanagar Gas (MGL), and Piramal Enterprises will be removed from the F&O segment, which may impact liquidity and trading strategies in these stocks.
Market Outlook
Rupak De, Senior Technical Analyst at LKP Securities, mentioned that the Nifty’s narrow trading range suggests traders are awaiting clearer signals. A dip below 24,700 could trigger a correction down to around 24,428 (the 21-day EMA).
Sentiment may remain sideways to mildly negative as long as Nifty stays below 25,000. However, if the index breaks above 25,000 again, a positive momentum could resume, weakening short positions.
Overall, the market seems to be in a cautious phase, with key corporate results and technical levels shaping near-term direction. The strong IndiGo performance and resilience in certain consumption-driven sectors offer some optimism amid mixed earnings and broader volatility.
