Indian equity markets recovered strongly as benchmark indices closed higher following renewed buying interest in banking and blue-chip stocks amid improving global market sentiment. The rebound was supported by optimism surrounding potential progress in US-Iran diplomatic discussions, easing concerns over geopolitical tensions and energy market volatility. The benchmark Sensex advanced nearly 232 points, while the Nifty posted moderate gains led by private banking, financial services, and select consumer-focused companies.

Indian Oil Corporation has reassured consumers that India is not facing any nationwide shortage of petrol or diesel despite temporary disruptions reported at a limited number of fuel stations. The company attributed isolated supply pressures to sharply rising seasonal demand, customer migration from private fuel retailers, and increased institutional purchases at public sector outlets. According to the company, petrol demand rose approximately 14 per cent year-on-year during May 1-22, while diesel consumption increased nearly 18 per cent.

Alembic Pharmaceuticals has secured final approval from the US Food and Drug Administration for its generic version of levothyroxine sodium tablets, a widely prescribed treatment for hypothyroidism. The approval covers multiple dosage strengths and positions the company to expand its footprint in the highly competitive US generics market. The medication is therapeutically equivalent to Synthroid, a leading thyroid replacement therapy marketed by AbbVie.

Honda Cars India is preparing an aggressive long-term expansion strategy for the Indian automobile market, with plans to introduce more than 10 new vehicles by 2030, including electric vehicles, compact SUVs, and midsize offerings. The announcement reflects the growing importance of India within Honda’s global growth roadmap as the company seeks to strengthen its position in one of the world’s fastest-growing automotive markets.

Zepto is preparing to launch an initial public offering valued at approximately Rs. 11,000 crore, marking one of the most closely watched startup listings in India’s rapidly expanding quick commerce sector. The Bengaluru-based company is reportedly aiming to enter public markets before the end of July after receiving regulatory approval earlier this month.

Former Indian cricketer Yuvraj Singh has urged farmers in Punjab to reduce dependence on chemical fertilisers and adopt biological alternatives, warning that excessive chemical usage is steadily degrading agricultural land across the state. Speaking during the inauguration of a new manufacturing facility for IPL Biologicals, Singh highlighted growing concerns surrounding soil deterioration, long-term farm sustainability, and declining agricultural health.

The financial ecosystem surrounding the Indian Premier League continues to expand at an extraordinary pace, reinforcing the tournament’s position as one of the world’s most commercially powerful sporting properties. A new industry assessment has identified Virat Kohli as the league’s highest-earning player, with cumulative earnings estimated at Rs 230 crore through his long-standing association with Royal Challengers Bengaluru.

India’s leading public-sector oil marketing companies have reaffirmed their commitment to maintaining uninterrupted fuel supplies across Uttar Pradesh amid heightened public attention on energy availability and supply chain stability. State-run energy majors continue operating an extensive nationwide logistics network that includes fuel terminals, storage depots, LPG bottling facilities, and retail distribution outlets.

Silver prices witnessed a notable decline on Tuesday as traders reduced their exposure amid weakening market sentiment and profit-booking activity. On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs. 2,411, or 0.87 percent, settling at Rs. 2,74,240 per kilogram. The downturn reflected cautious investor behavior as participants reassessed short-term price momentum in precious metals. Analysts indicated that a combination of global uncertainty, shifting speculative positions, and fluctuating industrial demand contributed to the correction.

Genus Power Infrastructures⁠ reported a sharp rise in quarterly earnings for the March quarter, driven by robust growth in its smart metering business and faster execution of large-scale utility projects. The company posted a 41 percent year-on-year increase in net profit to Rs. 180.7 crore, supported by a significant jump in revenue to Rs. 1,523.7 crore. The strong performance reflects accelerating adoption of smart energy infrastructure across India, as state utilities continue investing in power distribution modernization.