Indian equity markets are expected to open on a weaker note on Thursday amid global pressures and declining Asian market cues. At around 8:00 a.m., Gift Nifty futures were down by 442 points at 22,408, indicating a likely lower opening for the benchmark Nifty-50 index. Weakness in US markets has also weighed on global sentiment. Signals of a more aggressive military posture by US President Donald Trump have heightened geopolitical tensions in West Asia, contributing to investor caution.
Banking stocks are expected to remain in focus following the release of business updates for the January–March quarter by several lenders, including Indian Bank, Karnataka Bank, and Karur Vysya Bank. These updates are expected to guide investor assessment of sectoral growth, loan book trends, and deposit mobilization.
Automobile stocks are also likely to see activity after companies such as Hero MotoCorp, Maruti Suzuki, and TVS Motor Company reported their March 2026 sales data. The figures are expected to influence investor evaluation of demand trends in the sector.
Acme Solar Holdings has reported progress in its battery energy storage system (BESS) project. Through its wholly owned subsidiary, the company has commissioned the fourth phase of its Rajasthan project with a capacity of 33.333 megawatts and 160.48 megawatt-hours.
Indian Oil Corporation reported record operational performance, processing 75.4 million metric tonnes of crude oil, its highest to date, and achieving 99.5 percent operational reliability. Pipeline transportation reached 105.3 million metric tonnes in financial year 2026.
Lupin has entered into an agreement to acquire a 43.38 percent stake in Multicare Pharmaceuticals in the Philippines through its subsidiary. The transaction is valued at approximately USD 39.6 million.
Lemon Tree Hotels has signed a license agreement for a new property, Keys Prima by Lemon Tree Hotels, in Srinagar. The property will be operated by its subsidiary, Carnation Hotels.
Yes Bank has appointed S Anantharaman as Chief Risk Officer. He will oversee credit policy, operational risk, market risk, and data security functions.
Power Grid Corporation of India has been declared the successful bidder for a transmission project associated with the integration of 2.7 gigawatts of renewable energy at Tumkur-II. The project will be developed under the BOOT model.
Glenmark Pharmaceuticals has decided to directly handle the commercialization and distribution of its nasal spray ‘Ryaltris’ in the United States market.
Inox Clean Energy has acquired Vibrant Energy at an enterprise value of approximately Rs 5,000 crore. The company was previously owned by Macquarie.
Market movements during the session are expected to remain volatile, driven by global cues and company-specific developments across banking, auto, renewable energy, pharmaceutical, and infrastructure sectors.
