Stock Market Today: Nifty, Sensex Reverse Gains While Traders Await Axis Bank, L&T Tech's Earnings

• Rupee closed 15 paise stronger at 85.27 against US dollar

• It closed at 85.42 a dollar on Wednesday

Source: Bloomberg

• The NSE Nifty 50 and BSE Sensex ended 0.34% and 0.39% down, respectively.

• IndusInd Bank Ltd., UltraTech Cement Ltd., and Grasim Industries Ltd. rose the most.

• Hindustan Unilever Ltd., Bharti Airtel Ltd., and Eicher Motors Ltd. declined the most.

• The NSE Nifty Realty declined the most, and the NSE Nifty Pharma rose the most.

• The NSE Nifty Midcap 150 ended 0.17% down at 20,194.40

• The NSE Nifty Smallcap 250 ended 0.05% down at 15,915.25

• Revenue at Rs 5,991.67 crore NDTV Profit estimate Of Rs 5,904 crore.

• Ebitda at Rs 755 crore versus NDTV Profit estimate Of Rs 760 crore.

• Margin at 12.6% versus NDTV Profit estimate of 12.8%.

• Profit at Rs 751 crore versus NDTV Profit estimate of Rs 503 crore.

• Announces dividend of Rs 7.5 per share.

Most markets in the eurozone decline Thursday as European investors assess several corporate's performance for fourth quarter. German shoe-maker Adidas, BNP Paribas SA, Nestle SA, and Unilever PLC released their results.

French lender BNP Paribas SA reported decline in net income in line with expectation. Adidas's sales beat sales estimate, while Unilever PLC reported better than expected sales.

The Euro Stoxx 50 and CAC 40 were trading 0.74% and 0.60% down, respectively. The DAX was trading 0.71% down as of 2:49 p.m.

• Maintain Overweight with a target price of Rs 6,500

• The gift that keeps on giving

• Growth momentum not at risk

• Aiming for 100 basis points margin expansion in FY26

• Commentary on the FY26 outlook was optimistic as it feels confident of maintaining the growth momentum

• Remains one of our high-conviction Overweights