On Wednesday, 2724 stocks advanced, 1478 declined and 169 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.84 indicating a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 69 securities advanced and closed at a new 52-week high whereas 177 securities sank to close at their new 52-week lows. Nifty IT, Nifty India Defence and Nifty Pharma were among the biggest losers. Nifty Energy, Nifty Infrastructure and Nifty Metal were among the biggest losers.
The Nifty IT index plunged 5.87% to 36,345.65 points, marking its worst single‑day fall since March 2020, as investors reacted sharply to fears of large‑scale automation disrupting the traditional IT services model. The sell‑off was sparked by Anthropic’s launch of expanded
Claude Cowork automation tools, which can handle tasks across legal, sales, marketing, and data analysis. The announcement led to a global rout in software and data services stocks, with Indian IT companies among the hardest hit. All 10 constituents of the Nifty IT index ended in the red as Infosys, TCS, Coforge, LTIMindtree, Persistent, Mphasis, Tech Mahindra, Oracle Financial Services, Wipro all went down sharply, underscoring the breadth of the sell‑off.
RMC Switchgears (-0.44%) received Letters of Intent (LOIs) worth ₹200.86 crore (inclusive of taxes) from Jaipur Vidyut Vitran Nigam Ltd (JVVNL) under the Revamped Distribution Sector Scheme (RDSS) in Rajasthan. The first LOI, valued at ₹116.49 crore, is for segregation of 11 kV mixed feeders at Dholpur Circle. The second LOI, worth ₹84.38 crore, covers segregation of 11 kV mixed load feeders at Jhalawar Circle.
Zaggle Prepaid Ocean Services (-0.38%) announced a strategic agreement with Dr Batra’s Positive Health Clinic Pvt Ltd, reinforcing its expansion in the enterprise digital solutions space. It will deploy its proprietary Zaggle Zoyer Platform for Dr Batra’s Positive Health Clinic, one of India’s prominent healthcare and wellness brands.
SBI Life Insurance (+1.98%) reported its performance New Business Premium (NBP): ₹31,326 crore, up from ₹26,256 crore in the corresponding period last year growth of 19% y o y. Regular Premium: Grew 15% y o y. Protection New Business Premium: ₹3,411 crore, recording 22% growth y o y. Protection Individual New Business Premium: ₹651 crore. Individual New Business Premium: ₹22,545 crore, registering 14% growth y o y. Profit After Tax (PAT): ₹1,666 crore for the nine month period, reflecting 4% growth y o y.
HCLTech (-4.34%) announced a strategic collaboration with Hong Kong Aero Engine Services Ltd (HAESL) to modernise and transform its maintenance, repair and overhaul (MRO) operations. As part of the partnership, HCLTech will deploy its iMRO/4 asset management solution, fully integrated with SAP S/4HANA, to serve as HAESL’s Maintenance Execution System (MES) at its Hong Kong facility. The initiative is designed to streamline engine MRO processes, enhance operational efficiency and scalability, and provide real‑time data visibility across maintenance workflows.
Time Technoplast (+3.24%), through its subsidiary PowerBuild Batteries, has announced an international strategic collaboration with Monbat AD, a leading European battery manufacturer listed on the Bulgarian Stock Exchange and part of the Prista Oil Group. The agreement is structured as a multi‑year exclusive distribution arrangement. PowerBuild will distribute Monbat’s maintenance‑free, advanced Valve Regulated Lead‑Acid (VRLA) stationary and reserve power battery solutions in India.
Capacit’e Infraprojects (+8.58%) received a Letter of Intent (LOI) worth approximately ₹445 crore from Great Value Realty Ltd for major civil and structural works. The project pertains to the Great Value Ekanam development at GH‑02, Sector 107, Noida, strengthening Capacit’e’s footprint in the NCR real estate market. Scope of work includes comprehensive civil and structural construction for the residential project, highlighting the company’s expertise in large‑scale, high‑rise developments.
Goldiam International (+1.13%) announced the receipt of export purchase orders worth ₹80 crore for the manufacturing and export of lab‑grown diamond‑studded gold jewellery. The orders have been secured from international clients across the USA and the Middle East. They are entirely export‑focused, highlighting strong overseas demand.
Zydus Lifesciences (+0.26%), along with its subsidiaries and affiliates, has received tentative approval from the USFDA for Dapagliflozin Tablets (5 mg and 10 mg), with the reference listed drug being Farxiga®, a widely prescribed therapy for type 2 diabetes in the US. Dapagliflozin is an SGLT2 inhibitor, indicated as an adjunct to diet and exercise for glycaemic control in adults with type 2 diabetes. The drug has strong physician acceptance due to cardiovascular and renal benefits beyond glucose management, making it a key product in the US anti‑diabetic market. The approved tablets will be produced at Zydus’ SEZ Ahmedabad facility, underscoring its compliance strength in regulated markets. As per IQVIA MAT December 2025, Dapagliflozin recorded USD10,486.9 million in annual US sales.
Tamilnadu Mercantile Bank (+4.47%) reported its Q3 FY25‑26 results with net profit rising 13.8% y‑o‑y to ₹341.5 crore, compared with ₹300.2 crore in the same quarter last year. The healthy profit growth was supported by strong core income, as net interest income (NII) grew 13.3% y‑o‑y to ₹646 crore, up from ₹570.4 crore, reflecting stable loan growth and improved yield management.
Cera Sanitaryware (+0.71%) reported its Q3 FY25 26 results with net profit declining sharply by 48.7% y o y to ₹23.6 crore with revenue rising 11% y o y to ₹499 crore, up from ₹449.3 crore.
Emcure Pharma (+1.91%) reported its Q3 FY25‑26 results with net profit surging 50% y‑o‑y to ₹230.5 crore, compared with ₹154 crore in the same quarter last year. On the topline front, revenue rose 20.4% y‑o‑y to ₹2,363 crore, up from ₹1,962 crore.
Century Plyboards India (-4.58%) posted a net profit of ₹64 crore in Q3 FY25‑26, marking a 9.4% increase y‑o‑y compared with ₹58.4 crore in Q2 FY24-25. Revenue remained robust, with total income rising 18.4% y‑o‑y to ₹1,350 crore, up from ₹1,140 crore.
TeamLease Services (+4.51%) reported its Q3 FY25‑26 results with net profit rising 46.8% y‑o‑y to ₹41.7 crore, compared with ₹28.4 crore in the corresponding quarter last year. Revenue for the quarter grew 3% y‑o‑y to ₹3,013 crore, up from ₹2,921.3 crore in the same period last year.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
