Sensex, Nifty 50 | Stock Market LIVE: Sensex, Nifty erase most gains, trade 0.20% higher; LIC, ITC rise ahead of results

Coforge announced the launch of Aeronova.AI, a purpose-built framework designed to help airlines transition safely and predictably to Offer, Order, Settlement and Delivery (OOSD) operations. Aeronova.AI enables airlines to modernize their retailing capabilities while protecting revenue continuity, operational stability, and customer experience at every stage of the transformation journey.

Coforge stock was trading at ₹1385.70 per share today, down 1.24%.

While the company’s fast-moving consumer goods (FMCG) business is expected to maintain healthy growth momentum, weakness in the cigarette and agri segments may keep overall revenue growth largely flat during the quarter. Analysts believe the recent tax hike disrupted demand trends, led to temporary pricing pressures and affected volume growth in ITC’s core cigarette business.

Analysts expect ITC to continue implementing calibrated cigarette price hikes over the coming months to fully offset the higher tax burden while protecting market share from illicit trade and downtrading. Read more

The initial optimism around crude oil prices' fall faded, as visible in the selling in the Sensex and Nifty 50. This drove the indices off the day's high today. Investors remain worried about the impact of inflation due to the three-month-long Middle East war, which fanned crude oil prices. The Fed minutes also showed that the central bank may consider raising rates in the near future.

Shares of insurance behemoth LIC gained 0.30% ahead of the March quarter earnings announcement. The PSU stock will also consider a dividend along with Q4 results today.

Initial public offerings in India should get back on track in the second half of the year, according to Citigroup Inc., moving on from a rocky start that’s seen foreign investors withdraw capital and the rupee slide.

A lot rests on a potential Indian record-breaking first-time share sale by Jio Platforms Ltd., which is proving increasingly challenging, as well as National Stock Exchange of India Ltd.’s long-delayed listing. About $3.5 billion has been raised in IPOs in India this year, compared with $22.4 billion in all of 2025, when it was the world’s third-biggest IPO market.

Source: Reuters

From a technical perspective, the market continues to display resilience. Nifty has been consolidating around the 23,600 zone over the last four sessions while attempting to decisively cross the 50-DMA supply zone on a closing basis. The broader market strength and healthy market breadth suggest improving underlying sentiment. A sustained move above 23,800 could trigger strong short-covering momentum, potentially lifting the index towards the 24,000–24,200 range. On the downside, 23,400–23,300 remains a crucial support band, and unless breached, declines are likely to witness buying interest.

Similarly, a breakout above 54,000 in Bank Nifty may fuel fresh short covering and pave the way for a pullback towards 54,600–54,800 levels.

— Rajesh Palviya, Head of Research, Axis Direct

Shares of Apollo Hospitals rose 2.4% to a record high after posting its Q4 results 2026. The company's profit rose, driven by strong demand for complex medical procedures and growth in its pharmacy and digital health businesses.

Shares of airline companies, IndiGo and SpiceJet, soared after the crude oil prices eased in the overnight trade. IndiGo share price jumped over 3% to ₹4,398 on the BSE today while SpiceJet shares were trading at ₹13.26, up 2.6%.

JP Power has entered into the definitive agreements with Jaiprakash Associates (JAL) following the NCLT approval of the resolution plan by Adani Enterprises. Here are the details:

-Share Purchase Agreement for acquisition of 24% shares of Jaiprakash Power Ventures Limited (a listed entity), held by JAL

- Business Transfer Agreement for acquisition of the 180 MW thermal power plant of JAL located in Churk and other related assets, including 11.49% shares of Prayagraj Power Generation Company Limited, held by JAL.

Following this announcement JP Power shares jumped 4%.

Gold prices on MCX were trading on a flat-to-negative note today at ₹159,000 per 10 grams.

The prices steadied after swings witnessed in yesterday’s session, as markets continued to price in hopes of a potential peace agreement between the U.S. and Iran.

Sentiment improved after President Trump said the conflict with Iran was in its “final stages,” while also indicating that negotiations were progressing positively. However, President Trump warned that failure to reach a deal could still trigger fresh U.S. military action, limiting broader risk appetite. Strait of Hormuz remained largely shut, keeping oil prices elevated despite a correction earlier this week, and maintaining concerns over supply disruptions and energy-driven inflation.

— Manav Modi, Commodities Analyst Motilal Oswal Financial services Ltd

The recent market movements indicate a buy on dips market construct. Buy on dips strategy has been working well. It appears that the sustained selling by FPIs has also stopped since they were buyers on a couple of days recently.

The correction in KOSPI and TAIEX and the FPI selling in these markets indicate concerns around bubble valuations in AI stocks in these markets. Weakness in South Korean and Taiwanese markets can turn out to be a blessing in disguise for India. Since valuations in India are fair, and even attractive in certain pockets, FPIs may turn buyers infusing some optimism in the market. A lot will depend on the crude price and stability in the rupee. Brent crude declining to $106 this morning is a positive signal. Perhaps the market is taking cues from President Trump’s remark that “ the conflict will end soon and oil prices would plummet.” But going by past experience, President Trump’s words cannot be trusted and, therefore, we will have to see more tangible results.

Q4 results have been, so far, good. The negative impact of the energy crisis will be felt in Q1 FY27. But if crude price continues to decline, the remaining quarters will be reasonably good.

— Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

Electric two-wheeler maker Ola Electric on Wednesday gave guidance of a strong recovery in the first quarter of FY27, indicating that it expects orders to nearly double sequentially as service stabilisation, improved sales execution and demand recovery begin to reflect in operating performance.

The company expects Q1 FY27 consolidated revenue of ₹500 to ₹550 crore and orders in the range of 40,000 to 45,000 units, compared with 20,256 orders in Q4 FY26 and consolidated revenue of ₹265 crore in the March quarter, Ola Electric said in its Q4 FY26 shareholder letter.

The company posted a net loss of ₹500 crore in the January-March quarter, compared with a loss of ₹870 crore a year earlier

All 16 major sectors logged gains. The broader small-caps and mid-caps rose 0.7% each.

Amid strong buying action visible today morning on de-escalation hopes in Middle East war and oil price crash, 26 of 30 Sensex stocks opened higher today.

The Indian benchmark indices Sensex and Nifty opened higher on Thursday supported by a sharp drop in oil prices as investors assessed signs that the U.S. may be nearing a deal with Iran to end the Middle East conflict.

Sensex surged over 500 points, Nifty 50 topped 23,850 level.