Markets rebound as block deals and results hit Adani Tata Steel and Jio Financial in focus

A huge Adani block deal changed hands at a premium

Markets extended their rebound for a second straight session on supportive global cues and selective buying in heavyweight stocks, with banking shares driving the relief. IT stocks, however, stayed under pressure. Multiple firms drew attention ahead of earnings: Power Grid, Tata Steel, SAIL, Hindustan Copper, Cochin Shipyard, Premier Energies, Godfrey Phillips and ITC Hotels. Adani Enterprises saw a massive block trade, Tata Motors PV reported a steep profit drop, while JSW Steel and Jio Financial posted sharp financial and deal-linked moves.