On Wednesday, 2013 stocks advanced, 2152 declined and 180 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.93 indicating a negative closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 73 securities advanced and closed at a new 52-week high whereas 189 securities sank to close at their new 52-week lows. Nifty IT, Nifty Pharma and Nifty Media were among the biggest gainers. Nifty Auto, Nifty Infrastructure and Nifty PSU Bank were among the biggest losers.
Tata Consultancy Services (TCS) (-2.31%) announced a strategic collaboration with AMD to accelerate enterprise-scale adoption of AI and generative AI, moving firms from pilots to full-scale production. The partnership combines TCS’s domain expertise and systems integration strength with AMD’s high-performance CPUs, GPUs, and AI accelerators, creating a robust platform for next-gen digital transformation.
Larsen & Toubro (L&T) (-0.56%) secured a ‘large’ order (₹2,500–5,000 crore range) from Torrent Energy Storage Solutions Pvt Ltd for the construction of India’s largest pumped storage project, the 3,000 MW Saidongar‑1 facility in Raigad. The project will feature ten units of 300 MW each, making it the biggest pumped storage installation in the country. L&T’s scope covers design, engineering, and execution of all civil and hydromechanical works, underscoring its expertise in complex hydroelectric and energy storage infrastructure.
Bharat Petroleum Corporation Limited (BPCL) (+0.51%), via subsidiary Bharat PetroResources, announced a fresh oil discovery in Abu Dhabi’s Onshore Block 1 through Urja Bharat Pte Ltd. The find at the XN‑76 well in the unconventional Shilaif play flowed oil after hydrofracking, confirming reserves. This marks a major upstream milestone, backed by $166 million investments since the 2019 concession award.
Indian footwear and lifestyle brand RedTape (-2.67%) exploring a potential stake sale worth nearly $510 million, according to Reuters. The Mirza family, which holds about 71.8%, has appointed EY as exclusive adviser to run the divestment process. EY has reached out to Blackstone and KKR for interest, with discussions ranging from a majority stake sale to a full exit, depending on valuation and terms.
Firstsource Solutions (-0.64%) acquired 100% ownership of Jaye Inc. (TeleMedik) through its step‑down subsidiary, strengthening its foothold in the US healthcare services market. The deal, valued at up to $3 million including earn‑outs, was completed making TeleMedik a subsidiary of Firstsource HPHS. TeleMedik, based in Puerto Rico, has nearly three decades of experience in healthcare and telehealth outsourcing, serving providers and payers across the US ecosystem.
An accident at a Bharat Coking Coal Limited open‑cast mine in Asansol, West Bengal has raised concerns after a collapse during alleged illegal coal extraction. Debris from the cave‑in may have trapped several individuals, though official confirmation is awaited. BCCL officials and Kulti police rushed to the site, launching rescue operations. Heavy equipment, including JCB machines, is being deployed to clear debris. Authorities stressed that efforts are focused on safety while searching for survivors.
Waaree Renewable Technologies (-3.34%) received a Letter of Award (LOA) for a 25 MWac / 35 MWp ground-mounted solar project, along with 50 MW evacuation infrastructure, strengthening its utility-scale EPC portfolio. The ₹102.75 crore domestic order was awarded by one of India’s largest pig iron, castings, and seamless tube manufacturers. Scope includes turnkey EPC execution—design, procurement, construction, and evacuation systems.
Ajmera Realty & Infra India Limited (+1.68%) posted a Q3 FY26 sales value of ₹603 crore, up 123% y‑o‑y, with sales area rising 59% y‑o‑y to 2,62,975 squarefeet. and collections surging 99% y‑o‑y to ₹333 crore. The strong performance was driven by the launch of Ajmera Solis, Vikhroli, where 84% of Phase 1 inventory was absorbed quickly, underscoring robust demand and execution strength.
Mangalore Refinery and Petrochemicals (+9.07%) delivered a strong Q3 FY26 performance with revenue of ₹29,720 crore, up around 16.1% y‑o‑y, and total income of ₹29,759 crore. Expenses rose around 9.4% y‑o‑y to ₹27,545 crore, reflecting improved operating leverage. PBT surged around 368% y‑o‑y to ₹2,220 crore, while net profit jumped around 369% y‑o‑y to ₹1,451 crore.
HDFC Asset Management Company (HDFCAMC) (+2.75%) reported a Q3 net profit of ₹769 crore, up 19.8% y‑o‑y from ₹642.3 crore. Revenue from operations rose 15% y‑o‑y to ₹1,075 crore, compared with ₹934 crore in Q3 last year.
Groww (+1.01%) reported Q3 FY26 revenue of ₹1,216.1 crore, up 19.4% y o y, However, net profit fell 28% y o y to ₹547 crore versus ₹757 crore last year, impacted by higher operating costs and a base effect. The results highlight a revenue growth–profitability trade off as the platform scales operations.
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:
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