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Indian Overseas Bank posted a 58% YoY rise in Q2 net profit to Rs 1,226 crore, driven by lower provisions and improved margins. Asset quality strengthened, with gross NPA falling to 1.83% and net NPA to 0.28%.

Waaree Energies reported a robust 133% surge in consolidated Q2 net profit, reaching Rs 842 crore compared to Rs 362 crore in the previous year. The company s revenue also saw a significant 70% jump to Rs 6,066 crore. This strong performance was driven by substantial growth in both net profit and revenue on a sequential basis as well.

India s markets regulator aims to boost institutional participation in the country s agriculture and non-agriculture commodity markets to make them more attractive for hedging, Chairman Tuhin Kanta Pandey said on Thursday.

Nifty and Sensex ended sharply higher on Thursday, led by banking and auto stocks as Nifty crossed 25,500. Analysts see potential for further rally, recommending Jindal Stainless, Sona BLW, and Navin Fluorine for short-term gains.

Eternal, Ola Electric, BLS International, Nestle, TAC InfoSec, and Tata Investment were top movers on Thursday amid earnings updates, new contracts, and product launches, driving significant volatility on D-Street.

Wall Street s main indexes opened higher on Thursday, driven by an upbeat quarterly update from TSMC that added to investor optimism around AI and extended a rally in chip stocks.

State-owned Indian Bank posted an 11.5% YoY rise in Q2 net profit at Rs 3,018 crore, aided by lower provisions and steady earnings. Advances grew 12.7%, deposits rose 12%, while gross NPA improved to 2.6%.

The Indian rupee reached a one-month peak on Thursday. Strong intervention by the Reserve Bank of India in the previous session boosted the currency. Emerging optimism surrounding U.S.-India trade negotiations also supported the rupee s upward movement. This intervention has sent a clear message to the market. Traders anticipate further gains if trade talks yield positive results.