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Markets rebounded on Thursday, ending a two-day losing streak as HDFC Bank and IT stocks led gains. Nifty closed near 24,600, with resistance at 24,660. Analysts recommend buying JSW Steel and Hero MotoCorp based on bullish technical setups.

HPCL reported a sharp 1,128% year-on-year rise in Q1 standalone net profit to ₹4,371 crore, driven by strong refinery throughput and operational efficiency, despite marginally lower revenues and weaker refining margins.

Regaal Resources IPO comprises a fresh issue of shares worth up to Rs 210 crore and an offer for sale (OFS) of up to 94.12 lakh equity shares by promoter group shareholders. The public offer follows the book-building route, with 50% reserved for QIBs, 15% for NIIs and 35% for retail investors.

Transrail Lighting has said its net profit more than doubled to Rs 106 crore in the June quarter of FY26, pushed by higher revenues from core business segments.

Shares of dating app Bumble fell over 6% in premarket trading on Thursday, as investors reacted to a drop in subscribers and concerns about its ability to boost spending amid doubts over the pace of its AI innovation.

Financial planners recommend disciplined asset allocation as equity dominance weakens. Investors should diversify across equities, and gold using hybrid mutual funds for better risk-reward balance and tax efficiency, especially as reliance on a single asset class becomes riskier.

Indian stock markets declined for the third consecutive session on Thursday. This drop was influenced by several factors. These include Trump s increased tariffs on Indian goods and continuous selling by foreign investors. Subdued Q1 earnings and a strong dollar also contributed to the market s decline. Technical analysis suggests continued pressure, advising a cautious trading approach.

Oil prices remain steady despite new tariffs and sanctions on Russia, which exports 4.7 million barrels daily. India s imports from Russia have decreased, increasing logistics costs. Replacing Russian oil is difficult, but OPEC is unwinding supply cuts, creating demand uncertainty. India faces supply and cost challenges, potentially reducing OMCs GRMs, with the worst case being increased costs, not disrupted flows.

The Indian rupee shrugged off U.S. President Donald Trump s additional tariffs on Indian goods on Thursday, as traders and analysts bet on central bank support to steady the currency.

The Bank of England narrowly voted to cut interest rates, despite concerns from some policymakers about persistent high inflation. A split within the Monetary Policy Committee led to unprecedented multiple votes. While Governor Andrew Bailey supported the cut to stimulate the slow economy, others worried about inflation potentially reaching 4% by September.