Newsletter
Defence rally returns, AI drug discovery, and Foxconn reinvents itself.
🗓️ Morning, folks! ☀️
Markets kept the momentum going for a second straight day, with Sensex and Nifty rising nearly 1% despite a volatile session. The bounce was driven by continued buying in key sectors, helping indices hold firm through intraday swings.
Sector-wise, Banking and Auto led the charge. Eternal, Tata Steel, M&M & HDFC Life were top performers, climbing 2–6%.
On the flip side, oil marketing companies like HPCL, BPCL, and IOC slipped around 2% following target price cuts.
💡 Spotlight: Defence stocks back in action 🪖
Defence stocks are rallying again. After four straight days of decline, the sector jumped up to 5.5% as fresh geopolitical tensions flared up in the region, this time between Pakistan and Afghanistan.
Reports of airstrikes in Kabul, rising casualties, and a sharp exchange of accusations between the two countries.
Add to that the broader geopolitical layer, India condemned the strikes on a hospital in Afghanistan’s Kabul that left at least 400 people dead and over 250 injured.
Why it matters: defence stocks tend to react quickly to geopolitical risks. When tensions rise, expectations of higher defence spending, stronger order pipelines, and faster policy action also go up.
Let’s hit it!
1 Big Thing: Why is Reliance placing $3 billion bet on green ammonia 🌱
Reliance Industries signed a $3 billion long-term deal with Samsung C&T to supply green ammonia over 15 years.
Simply put, green ammonia is a cleaner version of ammonia made using renewable energy instead of fossil fuels, making it low-carbon and climate-friendly.
Samsung C&T is a part of the larger Samsung Group that operates across construction, energy projects, and global commodity trading.
The deets: the bigger plan here is to build a full green energy ecosystem. The company will produce green ammonia at its Jamnagar giga complex, integrating solar power, battery storage, green hydrogen, and ammonia production.m The ammonia produced will be exported to global markets like South Korea.
Why green ammonia: ammonia is already used to make fertilisers and chemicals. But green ammonia can also be used as a clean fuel to run ships, power plants, and big factories where cutting pollution is usually very difficult.
India has set a target to produce 5 million tonnes of green hydrogen annually by 2030 under its National Green Hydrogen Mission. Globally, demand for green ammonia is expected to surge as industries shift away from fossil fuels.
2. Persistent, Nvidia team up for drug discovery 🧬
Persistent Systems has partnered with NVIDIA to build AI-powered solutions aimed at speeding up drug discovery.
What’s happening: the company has developed a platform called GenMolVS, which uses AI to simulate how molecules behave.
Instead of testing thousands of compounds in a lab, pharma companies can now screen and shortlist drug candidates virtually before moving to real-world experiments.
The why: drug discovery is usually a slow and expensive process that can take months or even years. By using AI-driven simulations, Persistent aims to cut this timeline down to days, while also reducing early-stage risks.
While we are on tech,
Fractal Analytics’ shares rose about 4% on Tuesday after it launched LLM Studio, an enterprise platform that lets companies customise generative AI.
What it does: the platform uses NVIDIA NeMo and NVIDIA NIM Microservices, helping businesses build and run AI models tailored to their industry using open-source technology. It comes with two key parts: AutoLLM (to build models) and LLMOps (to manage and run them smoothly).
Overall: this launch shows a bigger shift in the industry as companies are moving away from one-size-fits-all AI to more specialised, cost-efficient models built for their own needs.
3. Foxconn moves beyond iPhones 🤖
Foxconn, best known for making iPhones, is quickly becoming a major player in the AI infrastructure business.
The deets: the company expects its AI server shipments to grow at a high double-digit pace, and possibly double in 2026.
In fact, its cloud and networking division (which includes AI servers) has already become its biggest segment, contributing 40% of revenue, overtaking consumer electronics for the first time.
Foxconn already holds around 40% of the global AI server market, making it a key supplier to companies building large-scale AI systems.
Why this matters: the shift shows how Foxconn is moving from assembling gadgets to powering the backbone of AI. To support this, the company is expanding manufacturing, especially in the US, where its largest AI server facility is expected to produce 2,000 server racks per week by 2026.
4. Stock that kept us interested 🚀
What’s up ⬆️
⚡ Power Mech shares ended 2% higher after it bagged a ₹709.6 crore contract from Adani Infrastructure Management Services Ltd for operations and maintenance services at a major thermal power plant in Maharashtra.
⛏️ MOIL jumped 20% after the company announced production targets for the full year, which is double of what it produced in the third quarter.
💰 PFC ended 3% higher after it approved a borrowing plan of up to ₹1.6 lakh crore for FY27 & it announced a fourth interim dividend of ₹3.25 per share for FY26.
🍽️ Eternal zoomed in 6% on value buying and a brokerage seeing up to 80% upside in the next 12 months.
🪖 BEL gained more than 2% after it secured additional orders worth ₹1,011 crore since its last disclosure on February 25, 2026.
🏭 Vedanta edged 2% higher after the NCLT rejected its plea to acquire Jaiprakash Associates under the insolvency process.
What’s down ⬇️
🛠️ Urban Company fell 2% following the end of its shareholder lock-in period, which saw a ₹385 crore block deal.
🏦 IDBI Bank fell more than 3% over disinvestment uncertainty.
5. Reliance dominates fuel profits ⛽
When it comes to selling fuel, Reliance is miles ahead. The company clocked a massive ₹22,290 crore in net profit, far outpacing public sector players like Indian Oil (₹13,502 crore), BPCL (₹7,188 crore) and HPCL (₹4,011 crore).
Even players like MRPL are much smaller in comparison.
The gap highlights one thing clearly, scale and efficiency matter. Reliance’s strong refining margins, integrated operations, and global trading edge give it a big advantage over state-run oil companies.
While public sector firms stayed profitable, the numbers show how private players are pulling ahead in India’s energy game.
What else are we snackin’ 🍿
🫁 Digital lungs: L&T Technology Services launched an Nvidia-powered digital twin platform that creates 3D lung models from CT scans to aid diagnosis and surgical planning.
🚢 Energy arrival: India’s second LPG vessel Nanda Devi docked at Vadinar with over 45,000 MT cargo, boosting energy movement through a tense Gulf region.
That’s a wrap! Don’t let the weekday blues get to you.
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