Indian shares traded higher for the third straight day on Thursday, with positive global cues and better-than-expected quarterly results from Larsen & Toubro boosting investor sentiment ahead of the F&O contract expiry.
The rupee rose marginally to 67.28 per dollar after rebounding to close at a one-week high in the previous session.
The benchmark BSE Sensex was up 150 points or 0.58 percent at 26,030 in early trade after climbing 575 points to mark its biggest single-day gain in nearly three months on Wednesday. The broader Nifty index was up 38 points or 0.48 percent at 7,973.
Larsen & Toubro soared almost 10 percent after the construction and engineering major reported a better-than-expected 18.53 percent rise in quarterly net profit and said it would decide on when to launch the IPO of L&T Infotech in a week's time.
Tata Steel rose 0.7 percent after narrowing its Q4 loss to Rs 3,214 crore from Rs 5,674 crore in the year-ago period.
United Spirits, Jet Airways and ONGC rose between half a percent and 1.3 percent ahead of their quarterly results due today.
Gas utility GAIL rallied 2 percent on reporting a 51 percent increase in Q4 profit.
Yes Bank advanced 1.2 percent. The Cabinet Committee on Economic Affairs (CCEA) has cleared the proposal to increase foreign investment limit in the bank to 74 percent from 41.87 percent.
Shares of Aditya Birla Fashion and Retail fell over 6 percent. The company, formerly known as Pantaloons Fashion, has signed a pact to acquire the online and offline rights of American fast-fashion brand Forever 21 in the Indian market.
NALCO tumbled 3 percent after its board approved a proposal to buy back 64.43 crore shares worth about Rs. 2,835 crore.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.