Final Trade: Nifty and Sensex trade choppy amid cautious trading; PSU Banks shine

The Nifty 50 and Sensex extended their consolidation phase on Wednesday, closing flat as investors remained on the sidelines, awaiting fresh market triggers to drive buying or selling momentum.

IT sector gains shine amid market pause

The IT index bucked the broader trend with strong buying interest, rising around 0.8 per cent. This rebound follows a sluggish performance over the past month, highlighting renewed investor confidence in IT stocks.

HDFC Life, Dixon Technologies gain; HDB Financial slips

HDFC Life shares rose 1 per cent after reporting a 14 per cent year-on-year jump in net profit to Rs 546 crore for Q1 FY26. The insurer’s individual Annualized Premium Equivalent (APE) grew 12.5 per cent, reinforcing positive investor sentiment.

Dixon Technologies gained 3 per cent after announcing a binding term sheet with Chongqing Yuhai Precision Manufacturing to form a joint venture in India, with Dixon holding a 74 per cent stake.

Meanwhile, HDB Financial Services shares declined 2 per cent after posting a 2 per cent dip in profit after tax to Rs 568 crore and an 18 per cent drop in revenue year-on-year.

Q1 earnings to set market tone

Key companies reporting Q1 results today include Tech Mahindra, ITC Hotels, LT Technology Services, Angel One, Kalpataru, LE Travenues Technology (IXIGO), Reliance Industrial Infrastructure, and Tanfac Industries. These earnings will be closely watched for cues on sectoral and market trends.