India's jewellery stocks have seen a sharp correction, losing ₹60,000 crore in market value due to PM Modi's appeal to defer gold purchases and a hike in import duties. Analysts, however, see no long-term structural threat to gold demand.

Indian pharmaceutical giant Cipla Ltd [CIPLA] has reported a significant 55% year-on-year decline in its consolidated net profit for the fourth quarter of fiscal year 2024, settling at ₹555 crore. The company's board has also recommended a final dividend of ₹13 per share.

India has increased import duties on gold and silver to 15%, a move aimed at bolstering the rupee and curtailing dollar outflows, though experts caution it might inadvertently fuel the grey market.

Hindustan Petroleum Corporation Limited (HPCL) [HINDPETRO] reported a remarkable 46% increase in consolidated net profit for Q4 FY26, alongside announcing a significant dividend for shareholders.

Gold and silver prices witnessed an extraordinary single-day surge on Indian exchanges after the government increased customs duty on precious metal imports, leading to significant gains for both commodities.

Indian smallcap stocks demonstrated remarkable resilience on Wednesday, with key players like IIFL Finance [IIFL], Hindustan Copper [HINDCOPPER], and Garden Reach Shipbuilders & Engineers [GRSE] registering significant gains, outperforming cautious broader market indices.

Global brokerage Morgan Stanley has significantly upgraded its outlook on the Indian market, forecasting the BSE Sensex could reach an impressive 89,000 by June 2027, driven by an anticipated strong earnings growth cycle.

Shares of Billionbrains Garage Ventures (Groww's parent) recovered swiftly after prominent US investors offloaded a substantial ₹5,326 crore stake, signaling continued market confidence.

Berger Paints India [BERGEPAINT] reported an impressive 27% jump in Q4 net profit to ₹335 crore, driven by robust sales volumes and improved margins, causing its shares to rally significantly.

Ventive Hospitality [VENTIVE] reported an outstanding performance for the fiscal year ending March 31, 2026, with Q4 net profit soaring 72% and full-year profit reaching ₹502 crore, driven by strong hotel operations and strategic expansion.

A recent government decision to increase import duties on gold and silver to 15% has triggered a significant surge in domestic precious metal prices, consequently boosting shares of major producers like Hindustan Zinc and its parent company, Vedanta.

Vodafone Idea [VODAFONE IDEA] shares have rallied significantly by 30% in the last month, driven by AGR dues relief and Kumar Mangalam Birla's return. While positive developments fuel optimism, analysts recommend caution and suggest waiting for consolidation.

The proposed U.S. Clarity Act aims to establish a comprehensive regulatory framework for digital assets, promising enhanced investor protection and clearer oversight for cryptocurrencies, stablecoins, and DeFi.

State Bank of India (SBI) shares have corrected by over 20% from their recent peak following Q4 results, which showed margin contraction. However, multiple brokerages maintain a positive 'Buy' rating, citing strong fundamentals.

Neuland Laboratories [NEULANDLAB] witnessed a significant stock rally after reporting exceptional financial results for Q4, with profit soaring seven-fold and revenue doubling year-on-year.