Indian stocks and the rupee saw a rebound on Thursday. This recovery followed US President Donald Trump’s remarks easing concerns over tariffs on Europe. The NSE Nifty and BSE Sensex closed higher, snapping a losing streak. The Indian rupee also recovered against the dollar. Geopolitical anxiety lessened, impacting gold and silver prices. Foreign portfolio investors continued to sell shares.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO