Sky Gold shares surge 11% as Q3 earnings positive across parameters

Sky Gold and Diamonds’ Q3 revenue surged 77% to ₹1,768 crore in the quarter under review from 998 crore in the previous year.

Sky Gold and Diamonds’ Q3 revenue surged 77% to ₹1,768 crore in the quarter under review from 998 crore in the previous year.

Sterlite Tech shares jumped as Nuvama kept Buy with ₹200 target, citing relief from US tariff cuts and growth in North America. Q3 revenue rose but margin remained under pressured.

Chairman HM Bangur said infrastructure spending could support cement demand. The company also reported higher profit in the December 2025 quarter, while its stock has declined over the past year.

Man Industries (India) Ltd shares surged after Q3FY26 net profit jumped 61.8% to ₹55 crore, with improved margins and a ₹4,005 crore order book boosting revenue visibility.

The broader Nifty PSU Bank index surged 3.6% intraday to hit a fresh record high of 9,193, surpassing its previous peak of 9,175.55 recorded on January 29, 2026.

Research Richard Yetsenga, Group Chief Economist at ANZ Research says the US Federal Reserve will cut rates only gradually, as solid growth is offset by a weakening labour market and sticky inflation.

London Stock Exchange Group’s forex trading platform in India faced technical issues, affecting spot dollar rupee trades. LSEG is RBI-authorized but did not comment on the disruption.

Jefferies has a “hold” recommendation on Whirlpool of India, with a target price of ₹1,030 per share.

Kalyan Jewellers reported manipulative trading and unverified rumours to Sebi, seeking F&O suspension after its share price fell 41 percent in January 2025 despite strong Q3 results.

Tokyo’s Nikkei 225 hit a record after Sanae Takaichi’s LDP won a supermajority. Asian markets surged, Wall Street rallied, and bitcoin rebounded above $70,000. Gold and silver also rose.