Both agencies have downgraded Gensol to their respective D citing high-risk of defaulting on its payments. Earlier in February, the chairman and MD of the company had sold part of his shares to reduce the pledged shares against the loan for the company.

Shares of Hindustan Petroleum Corporation (HPCL) went up 3.7%, Bharat Petroleum Corporation (BPCL) gained 3.6% and Indian Oil Corporation (IOC) rose 2.7%.

This is likely to offset outflows that would happen after corporates pay their quarterly advance taxes by March 15, economists said. The VRR auction comes one day after the RBI announced additional liquidity measures comprising ₹1 lakh crore of open market operations (OMOs) and $10 billion of dollar-rupee buy-sell swaps.

Emkay Wealth Management expects silver prices to remain well-supported, citing falling US interest rates, geopolitical uncertainties, and supply deficits. Silver has risen 15% in CY24 and 11% YTD 2025, with strong industrial demand from EVs and green energy sectors.

Indian markets surged for the second consecutive day, driven by energy, pharma, and FMCG stocks. The Nifty rose 207 points to 22,544, while the Sensex gained 609 points to 74,340. Analysts see bullish momentum continuing unless Nifty drops below 22,300.

US stocks: Wall Street s main indexes fell, driven by a decline in chip stocks as Marvell s forecast raised concerns about slowing demand for AI infrastructure. Trade war worries further impacted sentiment, while notable tech stocks like Microsoft and Meta also saw declines. Increased volatility persists amid tariff uncertainty.

The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending drive Europe s biggest economic policy upheaval in decades.

An increase in promoter shareholding signals confidence in a company s future. In the Nifty 500 index, five stocks saw promoter stake rise in Q3 compared to Q2, as per StockEdge s shareholding scan.

The Sensex surged 610 points to 74,340 on Thursday, but seven BSE Smallcap stocks hit 52-week lows. While this may signal buying opportunities, it can also indicate underlying challenges, making it a key metric for assessing market sentiment.