
Sensex Today | Nifty 50 | Stock Market Highlights: The Indian stock market closed in the green on Wednesday, with Sensex and Nifty recording marginal gains after wiping off most of its intraday gains.


ICICI Prudential Life Insurance reported a 27.8% rise in first-quarter profit on Wednesday, supported by strong premium growth from its high-margin products. The insurer posted a profit after tax of 3.86 crore rupees for the three months ended June 30, a jump from 3.02 crore rupees a year earlier.








SBI Funds Management's IPO will put the valuations of India's billion-dollar IPOs under the spotlight, as the asset manager seeks to buck the mixed post-listing performance of large public issues. While eight of the 13 biggest IPOs are trading above their issue prices, several marquee listings have delivered disappointing returns, making SBI Funds Management's valuation and future earnings growth key factors for investors. Read more

Fredun Pharmaceuticals has fixed July 16 as the record date for its 2:1 bonus issue, making today the last day to buy the stock to qualify. The microcap pharma stock has surged nearly 200% over the past year and 84% in 2026, reflecting strong investor interest and robust business momentum.

- Rajesh Palviya, Head of Research, Axis Direct




Indian IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge could come under pressure after IBM shares slumped 25% in their biggest-ever single-day decline following weak preliminary quarterly results. The negative sentiment also weighed on US-listed Indian IT ADRs and global software stocks. Read more
The S&P 500 and Nasdaq closed higher on Tuesday as strong earnings from major banks and a softer-than-expected U.S. inflation report lifted investor sentiment, outweighing concerns over escalating tensions in the Middle East.
Asian shares advanced after softer-than-expected U.S. inflation data eased concerns over further Federal Reserve rate hikes, while renewed optimism around the artificial intelligence theme lifted technology stocks. Oil prices also edged higher.