Indian equity markets are expected to see a positive start on Thursday after three consecutive sessions of decline, supported by positive global cues. Market sentiment is being aided by stability in global markets and strength in select Asian indices, raising expectations of a recovery-led opening in domestic equities.
Gift Nifty futures were trading around 160 points higher at the 25,336 level at about 8:20 am, indicating a positive opening for the Nifty 50. Against this backdrop, investor focus is expected to remain on several stocks driven by quarterly earnings announcements, corporate updates, and sector-specific developments.
Jindal Stainless is likely to be in focus after reporting a 26.6 percent year-on-year increase in consolidated profit for the December quarter. The performance was supported by firm domestic demand and improved operational efficiency, while exports continued to face pressure due to policy-related uncertainty in the United States and the European Union.
Dr Reddy’s Laboratories is expected to see investor attention following its December quarter results for FY2026. The company reported a 14 percent year-on-year decline in consolidated net profit to ₹1,210 crore, impacted by weaker sales of the cancer drug Lenalidomide in the North American market. Revenue from operations rose 4.4 percent year-on-year to ₹8,727 crore during the quarter.
A large number of companies are scheduled to announce their third-quarter results on Thursday. These include Bandhan Bank, IndiGo, DLF, Aditya Birla Sun Life Asset Management Company, Adani Total Gas, Radico Khaitan, Adani Energy, Cyient, CAMS, Coforge, IIFL Finance, Le Travenues Technology, Mphasis, and others. The earnings announcements are expected to influence stock-specific as well as sectoral sentiment.
Hindustan Petroleum Corporation reported a b performance in the third quarter, with consolidated net profit rising 57.7 percent year-on-year to ₹4,011 crore. The growth was supported by higher gross refining margins and compensation for losses related to LPG operations.
Bank of India posted a 7.47 percent year-on-year increase in net profit to ₹2,705 crore in the third quarter of FY2026. On a quarter-on-quarter basis, profit rose 5.9 percent, supported by an improvement in non-interest income.
Dhanlaxmi Bank reported a 20.3 percent year-on-year rise in net profit to ₹23.88 crore for the quarter ended December 2025. Total income increased to ₹456 crore during the period.
KPI Green Energy reported a nearly 48 percent year-on-year increase in consolidated net profit to ₹125.80 crore in the third quarter. Total income rose to ₹676.05 crore from ₹466.09 crore a year earlier. The company’s board also approved an interim dividend.
PNB Housing Finance reported a 10.5 percent year-on-year increase in standalone profit to ₹521 crore for the third quarter. Net interest income increased 12.8 percent during the period.
Gravita India reported a 25.3 percent year-on-year increase in consolidated profit to ₹97.7 crore in the third quarter, while Anant Raj posted a 30.8 percent rise in profit to ₹144.3 crore. Both companies also recorded growth in income during the quarter.
Lemon Tree Hotels announced the signing of a licence agreement for a new Lemon Tree Premier hotel in Omkareshwar, Madhya Pradesh. The hotel will have 85 rooms and will be operated by the company’s subsidiary, Carnation Hotels.
