Stockgram

Indian equity indices staged a broad-based recovery on Wednesday, reclaiming nearly half of the previous session’s losses, with benchmark indices rising up to 1% on the back of strong buying in frontline financial and energy stocks, as well as renewed investor appetite for defence and midcap names.





The NSE Nifty 50 index rose 130 points, or 0.53%, to close at 24,813, while the S&P BSE Sensex climbed 410 points, or 0.51%, to finish at 81,597. Gains were led by heavyweight counters such as ICICI Bank, HDFC Bank, and Reliance Industries, which collectively contributed significantly to the benchmark’s advance.





The broader market witnessed notable outperformance, with the Nifty Midcap 100 index jumping 437 points to settle at 56,620, underlining robust investor sentiment in second-tier stocks. Market breadth remained firmly in favour of advances, supported by positive earnings momentum and sector-specific tailwinds.





The Nifty Bank index added 198 points to end at 55,075, boosted by strength in private sector lenders.





Defence stocks emerged as standout performers after Bharat Electronics Ltd (BEL) provided an upbeat outlook, prompting several brokerages to revise their target prices upwards. BEL shares surged 5%, topping the Nifty gainers list, amid expectations of a growing order pipeline and improved execution metrics.





Similarly, Solar Industries rallied after projecting a stronger FY26 outlook, with the company guiding that its defence business contribution could increase to 30% of revenues. The stock gained amid heightened optimism around India’s defence manufacturing potential and government-backed policy incentives.





In the midcap space, Siemens Ltd advanced 5% following its analyst call, during which the company reiterated a strong capex cycle and robust demand visibility across segments. The upbeat commentary reinforced confidence in India's industrial growth trajectory.





Textile and paper player Trident Ltd surged 15% after posting a more than 100% year-on-year jump in quarterly profit, driven by cost efficiencies and improved pricing.





JK Tyre & Industries also rallied 10% as the company guided for expanding margins in the coming quarters, fueled by moderating raw material prices and increased operating leverage.





Dixon Technologies, however, saw profit-booking and ended 6% lower despite posting a healthy Q4, as investors opted to lock in gains following a sharp pre-earnings run-up.





Shares of Endurance Technologies gained over 5%, bolstered by peer Belrise Industries’ IPO launch, which analysts said could lift valuations across the sector.





PFC (Power Finance Corporation) edged up 2% as operating metrics for the quarter came in above market expectations, reinforcing the company’s strong position within the power financing ecosystem.





Meanwhile, BMW Industries gained 4% after securing a ₹365 crore order from Tata Steel, bolstering revenue visibility.





J Kumar Infraprojects rose 2% after reporting a 15.6% year-on-year rise in EBITDA and a 14.6% increase in revenue, highlighting improved execution and project pipeline momentum.





Green energy subsidiary NTPC Green Energy rebounded 3% from its recent lows following the release of strong Q4 earnings, reflecting sustained demand for clean energy and positive regulatory developments.