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Indian Markets Surge to Record Highs on Strong Earnings and Defense Stock Rally

Robust corporate results, significant foreign investments, and escalating India-Pakistan tensions drive market momentum.

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India-Pak के बीच बढ़ा तनाव, लेकिन डिफेंस स्टॉक में आया उछाल; 8% से ज्यादा चढ़े शेयर
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Overview

  • Indian equity indices Sensex and Nifty closed at record highs on April 28, boosted by ₹17,425 crore in foreign portfolio inflows during the previous week.
  • Defense stocks surged over 8% following heightened India-Pakistan tensions after the Pahalgam terror attack, with investors seeking safe havens.
  • Reliance Industries reported a 2.4% YoY rise in Q4 net profit to ₹19,407 crore and announced a 55% dividend, driving its stock up by over 5%.
  • TCS's market capitalization jumped to ₹12.47 lakh crore, delivering ₹53,692 crore in gains to investors in just five trading days.
  • PNB Housing Finance posted a 25.3% YoY profit increase in Q4 and declared its first dividend in six years, while IRFC announced plans to raise ₹60,000 crore in FY26.