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The FMCG shares declined for third consecutive trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 138.13 points or 0.19% to 75,055.93. The Nifty 50 index fell 29.60 points or 0.12% to 23,589.95.
In the broader market, the BSE 150 MidCap Index shed 0.43% and the BSE 250 SmallCap Index dropped 0.55%.
The market breadth was positive. On the BSE, 1,761 shares rose and 1,991 shares fell. A total of 227 shares were unchanged.
In the foreign exchange market, the rupee lowered against the dollar. The partially convertible rupee was hovering at 96.8400 compared with its close of 96.7000 during the previous trading session. It also touched an all-time intraday low of 96.9575 in early trade.
In the commodities market, Brent crude for July 2026 settlement declined 34 cents or 0.31% to $110.94 a barrel.
The United States 10-year bond yield declined 0.15% to 4.667 while 30-year Treasury bond yield rose 0.04% at 5.183%.
Buzzing Index:
The Nifty FMCG index fell 0.85% to 50,449.20. The Index tumbled 1.18% in the three consecutive trading sessions.
Zee Entertainment Enterprises (down 5.91%), PVR Inox (down 1.38%), Sun TV Network (down 1.02%), Network 18 Media & Investments (down 0.96%) and Nazara Technologies (down 0.58%) were the top losers. Among the other losers were D B Corp (down 0.51%), Hathway Cable & Datacom (down 0.49%).
Stocks in Spotlight:
Hindalco Industries rose 3.23% after its wholly owned US-based subsidiary Novelis reported improved operating profitability for the fourth quarter of fiscal year 2026. Hindalco shares also gained after a report suggested that the stock could be included in the Sensex during the June 2026 rejig
Dynamatic Technologies tumbled 6.85% after the company reported a 21.93% decline in consolidated net profit to Rs 12.56 crore in Q4 FY26, compared with Rs 16.09 crore in the corresponding quarter of the previous year. Revenue from operations rose 13.78% year-on-year to Rs 433.16 crore in the quarter ended 31 March 2026.
Global Markets:
Asia markets declined on Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions, following U.S. President Donald Trump’s statement on Tuesday that he was “an hour away” from deciding to attack Iran, before he was persuaded to postpone the strike for a few days.
Yields on U.S. Treasurys advanced as investors continued to dump bonds on fears inflation is reigniting. The longer-dated 30-year Treasury bond yield marked its highest level since July 2007.
Overnight on Wall Street, stocks closed lower with the S&P 500 posting its third straight losing session, as a jump in bond yields threatened the bull market.
The S&P 500 closed down 0.67%, ending at 7,353.61, while the Nasdaq Composite finished 0.84% lower at 25,870.71. The Dow Jones Industrial Average shed 322.24 points, or 0.65%, to close at 49,363.88.
Novelis reported adjusted EBITDA of $459 million in Q4 FY26, down 3% year-on-year, while adjusted EBITDA per tonne increased 10% to $544. The company said the improvement in EBITDA per tonne was supported by favourable scrap prices and higher insurance recoveries linked to the Sierre flood incident.
Net sales during the quarter rose 4% YoY to $4.8 billion, driven by higher average aluminium prices, although rolled product shipments declined 12% to 844 kilotonnes due to production disruptions at its Oswego plant in New York.
Novelis posted a net loss attributable to shareholders of $84 million in Q4 FY26 compared with a net profit of $294 million in the year-ago period. The loss was primarily due to pre-tax losses related to fires at the Oswego facility.
The company said the Oswego hot mill is expected to restart within the next few weeks, ahead of earlier estimates. Novelis also said commissioning activities have started at its Bay Minette aluminium plant in Alabama, with full project commissioning expected in the second half of calendar year 2026.
For the full fiscal year 2026, Novelis reported adjusted EBITDA of $1.6 billion, down 9% YoY, while net sales increased 7% to $18.4 billion.
Hindalco Industries is the metals flagship company of the Aditya Birla Group and operates across aluminium and copper businesses globally. Novelis is among the world’s largest aluminium rolling and recycling companies.
The company reported 45% drop in consolidated net profit to Rs 2,049 crore despite a 14% rise in revenue from operations to Rs 66,521 crore in Q3 FY26 over Q3 FY25.
Hindustan Zinc Ltd lost 2.81% today to trade at Rs 650.3. The BSE Metal index is down 1.03% to quote at 43808.44. The index is up 5.98 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 2.21% and National Aluminium Company Ltd lost 2.15% on the day. The BSE Metal index went up 41.05 % over last one year compared to the 8.56% fall in benchmark SENSEX.
Hindustan Zinc Ltd has added 12.05% over last one month compared to 5.98% gain in BSE Metal index and 3.38% drop in the SENSEX. On the BSE, 28890 shares were traded in the counter so far compared with average daily volumes of 3.98 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 413.4 on 01 Aug 2025.
Hindalco Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 1101.6, up 2.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.27% on the day, quoting at 23710.55. The Sensex is at 75385.46, up 1.04%. Hindalco Industries Ltd has risen around 8.91% in last one month.
Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 7.95% in last one month and is currently quoting at 13290.8, up 1.92% on the day. The volume in the stock stood at 28.29 lakh shares today, compared to the daily average of 50.58 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1103.7, up 2.39% on the day. Hindalco Industries Ltd is up 66.57% in last one year as compared to a 5.39% drop in NIFTY and a 47.08% drop in the Nifty Metal index.
The PE of the stock is 27.72 based on TTM earnings ending December 25.
Hindustan Zinc Ltd rose 2.92% today to trade at Rs 647.2. The BSE Metal index is up 0.75% to quote at 42512.23. The index is up 4.29 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd increased 1.84% and National Aluminium Company Ltd added 1.59% on the day. The BSE Metal index went up 41.14 % over last one year compared to the 8.28% fall in benchmark SENSEX.
Hindustan Zinc Ltd has added 14.73% over last one month compared to 4.29% gain in BSE Metal index and 2.51% drop in the SENSEX. On the BSE, 51051 shares were traded in the counter so far compared with average daily volumes of 3.43 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 413.4 on 01 Aug 2025.
National Aluminium Company Ltd lost 1.4% today to trade at Rs 435.25. The BSE Metal index is down 0.53% to quote at 42696.72. The index is up 15.97 % over last one month. Among the other constituents of the index, Hindalco Industries Ltd decreased 1.4% and Jindal Steel Ltd lost 1.12% on the day. The BSE Metal index went up 46.37 % over last one year compared to the 3.75% fall in benchmark SENSEX.
National Aluminium Company Ltd has added 12.67% over last one month compared to 15.97% gain in BSE Metal index and 7.41% rise in the SENSEX. On the BSE, 19708 shares were traded in the counter so far compared with average daily volumes of 6.15 lakh shares in the past one month. The stock hit a record high of Rs 445.1 on 27 Apr 2026. The stock hit a 52-week low of Rs 149 on 09 May 2025.
Hindalco Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1058.95, up 1.01% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.74% on the day, quoting at 24075.7. The Sensex is at 77243.68, up 0.76%. Hindalco Industries Ltd has risen around 19.73% in last one month.
Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has risen around 16.55% in last one month and is currently quoting at 12746.65, up 1.85% on the day. The volume in the stock stood at 23.84 lakh shares today, compared to the daily average of 71.14 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 1055.45, up 0.93% on the day. Hindalco Industries Ltd is up 68.45% in last one year as compared to a 1.04% drop in NIFTY and a 49.4% drop in the Nifty Metal index.
The PE of the stock is 27.06 based on TTM earnings ending December 25.
Hindustan Zinc Ltd fell 1.27% today to trade at Rs 584.9. The BSE Metal index is down 0.64% to quote at 41683.12. The index is up 8.5 % over last one month. Among the other constituents of the index, National Aluminium Company Ltd decreased 1.24% and Hindalco Industries Ltd lost 0.88% on the day. The BSE Metal index went up 45.37 % over last one year compared to the 0.6% fall in benchmark SENSEX.
Hindustan Zinc Ltd has added 8.83% over last one month compared to 8.5% gain in BSE Metal index and 1.8% rise in the SENSEX. On the BSE, 37267 shares were traded in the counter so far compared with average daily volumes of 3.83 lakh shares in the past one month. The stock hit a record high of Rs 732.6 on 28 Jan 2026. The stock hit a 52-week low of Rs 399.8 on 09 May 2025.
Texmaco Rail & Engineering (TEXMACO) is a listed company and part of the Adventz Group. Texmaco is a key player in the railway and infrastructure sector. It operates across three business segments: Freight Cars, Rail Infrastructure & Green Energy, and Infrastructure – Electrical. The company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25. Revenue from operations fell 21.45% year-on-year (YoY) to Rs 1,041.59 crore in the quarter ended 31 December 2025. The counter shed 0.95% to Rs 97.64 on the BSE.
Hindalco Industries is the metals flagship company of the Aditya Birla Group. A $28 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues and the world’s second-largest copper rods manufacturer (outside China). The company reported a 45% drop in consolidated net profit to Rs 2,049 crore despite a 14% rise in revenue from operations to Rs 66,521 crore in Q3 FY26 as compared with Q3 FY25. The counter declined 1.19% to Rs 980.45 on the BSE.