Power Finance Corp (PFC) reported an 11% increase in the fourth-quarter net profit at Rs 8,358 crore, buttressed by an increase in interest income and provisioning reversals.

The Indian Rupee weakened against the US dollar in early trading. Rising US Treasury yields and foreign fund outflows pressured the market. Global crude oil prices added to the downward pressure. Oil companies bought dollars amid geopolitical concerns. Foreign Institutional Investors were net sellers of equities. Meanwhile, Brent crude prices increased due to potential supply concerns in the Middle East.

EIH Limited, the flagship company of The Oberoi Group has reported a consolidated profit after tax of Rs 262 crore for the fourth quarter of fiscal year 2025, up 6% year on year. The luxury hospitality chain reported revenues of Rs 866 crore, up 11% year on year.

NTPC Green Energy Limited (NGEL), the renewable energy arm of NTPC, on Wednesday posted around three-fold rise in consolidated net profit at Rs 233.21 crore in March 2025 quarter, driven by higher income.

South Korea s currency rose sharply against the dollar on Wednesday after a media report that the United States had demanded that Seoul come up with measures to boost the won.

Markets closed slightly higher on Wednesday, led by realty, pharma, and financial services. Stocks like Tata Teleservices, Trident, and JK Tyre surged post-results, while Dixon and Aster DM fell.

The Nifty Pharma index closed 1.25 per cent up at 21723.65.

Gold prices rebounded by Rs 1,910 to Rs 98,450 per 10 grams in the national capital as rising global uncertainties triggered a fresh wave of safe-haven buying. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,540 per 10 grams on Tuesday.

Indian markets ended higher on Wednesday, breaking a three-day losing streak. Gains in healthcare, telecom, and capital goods drove the recovery, with key stocks like Bharat Electronics and APL Apollo Tubes hitting 52-week highs.

Sebi has warned investors about rising stock market scams on platforms like WhatsApp and Telegram, urging caution against fake advisors and unsolicited trading tips. Investors should verify intermediaries and use official platforms for secure, informed investing.