Stock Market Highlights: Sensex Ends 414 Points Higher, Nifty Posts Biggest Weekly Gain In 27 Weeks; Tech Mahindra Zooms 8%
Stock Market Highlights: Broader markets, bucking the trend, ended lower. Nifty Small Cap 100 index closed 0.01% lower, while Nifty Mid Cap 100 index settled 0.11% lower.
Stock Market Highlights, October 16, 2026: Indian equity benchmarks, Sensex and Nifty 50, extended gains to second consecutive session on Friday, led by IT, Metal and Auto stocks.
That said, BSE Sensex ended at 74,729.27 levels, up 413.66 points or 0.56%. On the other hand, NSE Nifty 50 closed at 23,146.15 levels, up 0.65% or 148.80 points.
Among individual stocks, Tech Mahindra, Infosys and TCS were the top gainers, while IndiGo, Reliance Industries and Asian Paints were among the top laggards.
Broader markets, bucking the trend, ended lower. Nifty Small Cap 100 index closed 0.01% lower, while Nifty Mid Cap 100 index settled 0.11% lower.
Sectorally, Nifty IT extended gains and ended the day as the top sectoral gainer. The index climbed nearly 3.92%. Nifty Media index hit fresh record high. On the flipside, Nifty Consumer Durables, Oil and Gas indices were among the top drags.
Stock Market Live: Indonesia's IDX Composite Hits 28-Year Low Amid MSCI Downgrade Warning
-
Indonesia's IDX Composite Index fell to a 28-year low after concerns emerged over a potential MSCI downgrade.
-
Market sentiment was pressured by fears that an adverse MSCI decision could trigger portfolio outflows and reduce Indonesia's weight in global benchmark indices.
-
The development weighed on broader Indonesian equities, with investors closely tracking the outcome of MSCI's review.
-
The move comes as market participants assess the potential impact on foreign fund flows and the country's equity market outlook.
Stock Market Live: Venus Remedies Secures Marketing Authorisations In Four Countries
- Venus Remedies has secured marketing authorisations for its products in Kazakhstan, Peru, Kuwait and Argentina.
- The approvals will enable the company to expand its presence in these international markets.
- The development strengthens Venus Remedies' global regulatory footprint and supports its overseas growth strategy.
Stock Market Live: Jayaswal Neco Q2 Profit More Than Doubles; Margins Expand
-
Jayaswal Neco Industries reported Q2 net profit of Rs 230 crore, compared with Rs 105 crore in the year-ago quarter.
-
Revenue grew 23.2% YoY to Rs 2,194.5 crore from Rs 1,781 crore.
-
EBITDA increased 34.8% YoY to Rs 440.7 crore from Rs 327 crore.
-
EBITDA margin expanded to 20.1% from 18.4% in the corresponding quarter last year.
-
The company reported strong growth in revenue and operating profit, with profitability benefiting from margin expansion during the quarter.
Stock Market Live: HDFC Bank Q2 NII Seen Rising 11%; Asset Quality Likely To Improve
-
HDFC Bank is expected to report Q2 net profit of Rs 19,727 crore, up 5.8% YoY and 3.5% QoQ.
-
Net Interest Income (NII) is estimated at Rs 34,991 crore, reflecting 10.9% YoY and 4.3% QoQ growth.
-
Pre-Provision Operating Profit (PPOP) is likely to come in at Rs 29,868 crore, up 7% YoY.
-
Key monitorables for investors include the trajectory of margins and yields, improvement in deposit mix, and the strategic growth roadmap under the new MD & CEO.
-
Loan growth is expected to be driven by the business banking, SME and agriculture segments, while asset quality is expected to remain stable across retail, SME and corporate portfolios.
-
NIM is estimated at 3.27%, largely stable compared with 3.26% in Q1 FY27, though margins could see some impact from the FCNR deposit drag.
-
Analysts expect better operating leverage and lower credit costs to support profitability, while the cost-to-income ratio is likely to improve as branch productivity increases.
-
Gross NPA is estimated at 1.14% versus 1.17% in the previous quarter, while Net NPA is seen improving to 0.39% from 0.41%.
Stock Market Live: Venus Remedies Secures Marketing Authorisations In Four Countries
-
Venus Remedies has secured marketing authorisations for its products in Kazakhstan, Peru, Kuwait and Argentina.
-
The approvals will enable the company to expand its presence in these international markets.
-
The development strengthens Venus Remedies' global regulatory footprint and supports its overseas growth strategy.
Stock Market Live: Axis Bank Q2 Profit Seen Rising 41%; Margins In Focus
-
Axis Bank is expected to report Q2 net profit of Rs 7,180 crore, up 41.1% YoY and 0.9% QoQ.
-
Net Interest Income (NII) is estimated at Rs 15,259 crore, up 11% YoY and 4.2% QoQ.
-
Pre-Provision Operating Profit (PPOP) is expected at Rs 11,885 crore, reflecting 14.1% YoY growth.
-
Net Interest Margin (NIM) is likely to decline to 3.4%, from 3.46% in Q1 FY27 and 3.73% a year ago, primarily due to the impact of FCNR deposits.
-
Key monitorables include the impact of FCNR-related drag on margins, agri loan slippages, and the benefit from reducing high-cost bulk deposits.
-
Credit growth is expected to be driven by the corporate and SME segments, while retail disbursements are likely to improve sequentially.
-
Investors will also watch the impact of treasury yields on gains, operating expense trends and asset quality.
-
Gross NPA is estimated at 1.3% versus 1.28% QoQ, while Net NPA is expected to improve marginally to 0.38% from 0.39%.
-
Analysts expect the cost-to-income ratio to decline, with RoA remaining stable despite pressure on margins.
Stock Market Live: Sri Lotus Expects To Collect 25% Of Pre-Sales In H2FY27; Sees Strong Demand In Luxury Housing
-
Sri Lotus Developers told NDTV Profit that it expects to collect around 25% of its pre-sales during H2 FY27.
-
The company said it has already achieved nearly Rs 900 crore in pre-sales and is not concerned about collection trends.
-
Management added that investors need to understand the business cycle of the real estate sector while evaluating collections and cash flows.
-
Sri Lotus highlighted that it remains a debt-free company, providing financial flexibility for future growth.
-
The company said the luxury and ultra-luxury housing market in Mumbai continues to expand, supporting demand across its projects.
Stock Market Live: Omaxe Partners With Lemon Tree Hotels For 10 Hotels Across India
-
Omaxe has entered into a partnership with Lemon Tree Hotels to develop 10 hotels across India, according to an exchange filing.
-
The collaboration is aimed at expanding hospitality offerings across Omaxe's real estate developments.
-
The proposed hotels will be developed under the Lemon Tree Hotels brand portfolio.
Stock Market Live: Federal Bank Sees Disciplined Asset Growth; Open To Inorganic Opportunities
- Federal Bank MD & CEO KVS Manian said the lender remains focused on disciplined growth on the asset side.
- Executive Director Venkatraman V said inflation moved higher during the quarter, while the bank delivered the highest quarterly profit in its history.
- The bank's total business crossed Rs 6 lakh crore, growing 21% year-on-year.
- Management said the cost of funds increased faster than gains in lending yields over the past year, with the focus remaining on higher-yielding assets.
- Federal Bank said it remains confident of maintaining its trajectory on NIMs.
- On reports regarding Jana Small Finance Bank, management neither confirmed nor denied any transaction, but reiterated that it is constantly evaluating inorganic growth opportunities.
- The bank said there is nothing currently on the table to disclose, while adding that it continues to evaluate opportunities across financial services, including core banking and adjacent businesses.
Stock Market Live: SG Finserve Q2 Profit More Than Doubles; Revenue Jumps 116%
-
SG Finserve reported Q2 net profit of Rs 58.8 crore, compared with Rs 28.4 crore in the year-ago quarter.
-
Revenue surged to Rs 161 crore from Rs 74.7 crore a year earlier.
-
The company delivered strong growth in both topline and profitability during the quarter, with profit more than doubling on a year-on-year basis.
Stock Market Live: Crompton Greaves Consumer Q2 Profit Jumps 68%; Margins Expand
-
Crompton Greaves Consumer Electricals reported Q2 consolidated net profit of Rs 119 crore, up 67.6% YoY from Rs 71 crore.
-
Revenue rose 18.1% YoY to Rs 2,263 crore from Rs 1,916 crore.
-
EBITDA increased 23.3% YoY to Rs 204.3 crore from Rs 165.6 crore.
-
EBITDA margin expanded to 9% from 8.6% in the year-ago quarter.
-
The company reported strong growth in revenue, operating profit and net profit, supported by margin expansion during the quarter.
Stock Market Live: Shoppers Stop Swings To Profit In Q2; Margin Improves
-
Shoppers Stop reported a Q2 consolidated net profit of Rs 3.1 crore, compared with a loss of Rs 20.1 crore in the year-ago quarter.
-
Revenue increased 8.7% YoY to Rs 1,366 crore from Rs 1,257 crore.
-
EBITDA rose 14.8% YoY to Rs 196.1 crore from Rs 170.8 crore.
-
EBITDA margin expanded to 14.4% from 13.6% in the corresponding quarter last year.
-
The retailer returned to profitability during the quarter, supported by revenue growth and improvement in operating margins.
Stock Market Live: E2E Networks Swings To Profit In Q2; Revenue Surges Over 5-Fold
-
E2E Networks reported a Q2 consolidated net profit of Rs 72.7 crore, compared with a loss of Rs 13.5 crore in the year-ago quarter.
-
Revenue surged to Rs 224 crore from Rs 43.8 crore a year earlier.
-
EBITDA jumped to Rs 171 crore from Rs 18 crore in the corresponding quarter last year.
-
EBITDA margin expanded sharply to 76.6% from 41.1% a year ago.
-
The company reported strong growth across revenue and profitability, with significant margin expansion during the quarter.
Stock Market Live: Thomas Cook Opens Sterling Vanyatara Resort In Tadoba
- Thomas Cook (India) said it has opened the Sterling Vanyatara Resort, Tadoba in Maharashtra, according to an exchange filing.
- The new property expands the company's hospitality footprint under the Sterling Holidays brand.
- The resort is located near Tadoba, one of India's prominent wildlife tourism destinations.
Stock Market Live: Banks Q2 Preview: FCNR(B) Inflows Lift Growth But Squeeze Margins
Stock Market Live: Ujjivan Small Finance Bank Q2 Profit Surges; Asset Quality Improves
-
Ujjivan Small Finance Bank reported Q2 net profit of Rs 365 crore, compared with Rs 122 crore in the year-ago quarter.
-
Net Interest Income (NII) rose 35% YoY to Rs 1,248 crore from Rs 922 crore.
-
Operating profit increased 50.4% YoY to Rs 594 crore from Rs 395 crore.
-
Gross NPA improved to 2.10% from 2.16% in the previous quarter.
-
Net NPA declined to 0.31% from 0.34% QoQ.
-
Provisions stood at Rs 103 crore, compared with Rs 127 crore in Q1 FY27 and Rs 235 crore in the year-ago quarter.
-
The lender reported strong profit growth alongside improvement in asset quality and lower provisioning costs.
Stock Market Live: Regency Fincorp Targets Rs 850-900 Crore AUM In FY27; Plans Fund Raise
-
Regency Fincorp said it is targeting Assets Under Management (AUM) of Rs 850-900 crore in the current financial year.
-
The company's AUM stood at Rs 604 crore as of Sept. 30.
-
Regency Fincorp said it expects its cost of funds to remain around 10% in FY27 and sees growth opportunities in Tier-II markets.
-
The company plans to deploy around Rs 35 crore towards its secured MSME lending business.
-
It is also looking to invest Rs 50-75 crore in its gold loan business to expand operations.
-
Management said the proposed fund raise of up to Rs 312 crore will help enhance its digital lending operations and support expansion across existing business segments.
-
The company said the capital raise is aimed at accelerating growth and strengthening its lending franchise.
Stock Market Live: IRFC Expects Over Rs 35,000 Crore Disbursements In FY27, Sees Sustained Growth
-
IRFC CMD Manoj Kumar Dubey said the company expects to make disbursements of more than Rs 35,000 crore in FY27.
-
Dubey said IRFC expects to receive around Rs 26,000 crore from Indian Railways by the end of FY27 and is looking for similar payments during the year.
-
He said the company's double-digit revenue growth in Q2 is not a one-off and expressed confidence in sustaining double-digit revenue growth going forward.
-
IRFC is exploring international markets for fundraising and aims to pass on the benefits of improved efficiency to customers.
-
The company is looking forward to higher disbursements in H2 FY27 and is in advanced discussions with a Mumbai Metro authority.
-
Dubey said Net Interest Margins (NIMs) are likely to grow over the next four to five years, supporting profitability and long-term growth.
Stock Market Live: Federal Bank Q2 Profit Jumps 45%; Asset Quality Improves
-
Federal Bank reported Q2 net profit of Rs 1,386 crore, up 45.1% YoY from Rs 955 crore.
-
Net Interest Income (NII) grew 26% YoY to Rs 3,153 crore from Rs 2,495 crore.
-
Operating profit rose 35.3% YoY to Rs 2,225 crore from Rs 1,644 crore.
-
Other income increased to Rs 1,490 crore from Rs 1,082 crore a year ago.
-
Gross NPA improved to 1.32% from 1.52% in the previous quarter, while Net NPA eased to 0.17% from 0.18%.
-
NIM stood at 3.32%, compared with 3.33% QoQ and 3.06% YoY.
-
Provisions came in at Rs 342 crore, compared with Rs 318 crore in Q1 FY27 and Rs 363 crore in the year-ago quarter.
-
Fresh slippages stood at Rs 420 crore, versus Rs 409 crore in the previous quarter and Rs 579 crore a year ago.
-
The lender reported strong profit growth alongside improvement in asset quality and higher operating income.
Stock Market Live: Solara Active Pharma Swings To Profit In Q2; Margins Improve
-
Solara Active Pharma Sciences reported a Q2 consolidated net profit of Rs 28.5 crore, compared with a net loss of Rs 10.1 crore in the year-ago quarter.
-
Revenue rose 33.2% YoY to Rs 417 crore from Rs 313 crore.
-
EBITDA more than doubled to Rs 76.4 crore from Rs 34.3 crore a year earlier.
-
EBITDA margin expanded to 18.3% from 11% in the corresponding quarter last year.
-
The company reported a one-time loss of Rs 4.5 crore during the quarter.
-
Tax expense stood at Rs 28.5 crore, compared with a tax credit of Rs 10.1 crore in the year-ago period.
-
The quarter marked a return to profitability for the company, supported by strong revenue growth and significant margin expansion.
Stock Market Live: China Seeks Balanced Trade With India, Open To Addressing Concerns
-
China is seeking a more balanced trade relationship with India, according to Chinese Foreign Ministry spokesperson Mao Ning, cited by Bloomberg.
-
Mao said China is willing to strengthen cooperation with India on trade and economic matters.
-
The spokesperson added that China remains open to addressing concerns related to bilateral economic and trade ties.
-
The comments come as both countries look to improve economic engagement amid ongoing discussions around market access and trade imbalances.
Stock Market Live: Karur Vysya Bank Mobilises Rs 685 Crore Through FCNR(B) Deposits
-
Karur Vysya Bank said it mobilised Rs 685 crore through FCNR(B) deposits during the quarter.
-
The bank said it remains focused on maintaining a healthy Liquidity Coverage Ratio (LCR) and ensuring adequate liquidity buffers.
-
Management indicated that maintaining a strong liquidity profile continues to be a key priority amid the evolving interest-rate environment.
Stock Market Live: Cyient DLM Expects 30% Revenue Growth In FY27; Sees Margin Expansion
-
Cyient DLM MD & CEO Rajendra Velagapudi said the company expects revenue to grow 30% in FY27.
-
He added that the company expects margins in the 11-13% range in FY27.
-
Velagapudi said Cyient DLM does not currently have any requirement for additional capital expenditure.
-
The company is currently working on ISM 2.0 and is pursuing growth opportunities across multiple business segments.
-
Cyient DLM is focusing on product design opportunities in the electric vehicle segment.
-
Management said two recently secured contracts are multi-million-dollar deals.
-
Revenue contribution from these new contracts is expected to start reflecting from FY28.
-
Velagapudi added that the company does not have specific targets for electronic components and remains focused on broad-based growth initiatives.
Stock Market Live: Tata Chemicals Wins Arbitration Relief In Rs 908 Crore Claim
-
Tata Chemicals said the Mumbai Centre for International Arbitration (MCIA) has rejected an arbitral claim of Rs 908 crore filed against the company.
-
The arbitration claim had been filed by Allied Silica in 2024.
-
While rejecting the claim, MCIA directed Tata Chemicals to pay Rs 1 crore to Allied Silica.
Stock Market Live: Snabbit's FY26 Revenue Jumps 46x; Loss Widens To Rs 168 Crore
- Snabbit reported FY26 revenue from operations of Rs 12.2 crore, a 46-fold increase from the previous year.
- The company's net loss widened to Rs 167.8 crore in FY26 from Rs 5.7 crore a year earlier.
- The loss was nearly 14 times its operating revenue during the fiscal year.
- Total expenses surged to Rs 194.8 crore from Rs 6.8 crore in FY25 as the company ramped up operations and expansion efforts.
- Marketing expenses stood at Rs 48.7 crore, nearly four times the company's operating revenue for the year.
Stock Market Live: Ujjivan Small Finance Bank To Raise Up To Rs 409 Crore Via Preferential Issue
-
Ujjivan Small Finance Bank will issue shares worth up to Rs 409 crore through a preferential allotment.
-
The bank has executed a subscription agreement with the International Finance Corporation (IFC).
-
Under the agreement, Ujjivan SFB will allot shares worth Rs 249 crore to IFC.
Stock Market Live: SEBI To Wait At Least A Year Before Revisiting CAS, Says KVR Murty
Stock Market Live: Govt Says Airfare Regulation Rules Finalised; Supreme Court Seeks Submission By Nov. 16
-
The Central Government told the Supreme Court that rules to regulate airfares have been finalized and received administrative approval.
-
The government informed the court that the rules are expected to be published within two weeks.
-
The Supreme Court directed that the published rules be placed before the court by Nov. 16.
-
The matter pertains to a PIL challenging alleged exorbitant airfare pricing by private airlines.
-
The court was hearing issues related to airfare regulation and pricing practices in the aviation sector.
Stock Market Live: DEE Development Enters Framework Agreement For Nuclear Power Sector
-
DEE Development Engineers has entered into a framework agreement with a domestic EPC contractor for projects in the nuclear power sector.
-
The agreement is aimed at supporting opportunities and project execution related to India's nuclear power infrastructure build-out.
Stock Market Live: L&T Finance Sees Stable NIMs; Plans Calibrated Rural Loan Growth
-
L&T Finance said it will carefully increase rural loan disbursements, while noting that it currently does not see any major risks in its rural loan book.
-
The company expects a slight upward bias in rural disbursements during Q3.
-
Management said it remains hopeful of achieving a Return on Assets (RoA) of 2.8%-3% by the end of Q4 FY27.
-
The lender expects NIMs to remain around 10.5% even after the recent rate hikes and believes there could be two more RBI repo rate hikes in FY27.
-
L&T Finance said it may reprice certain products, including home loans, in response to the evolving interest-rate environment.
-
The company added that it expects to navigate IRDAI's proposed regulations with minimal impact.
-
Management said reducing the cost of customer acquisition remains a key focus area and that it plans to launch a range of prepaid products by FY28.
Stock Market Live: Antique Downgrades Cyient DLM To Hold After Q2 Miss
- Antique Stock Broking downgraded Cyient DLM to Hold following the company's Q2 results.
- The brokerage said the quarterly numbers missed expectations.
- Antique cut its FY27 EPS estimate by 10% and FY28 EPS estimate by 2%.
- The brokerage has a target price of Rs 1,025 on the stock.
Stock Market Live: UPL In Focus After FMC Cuts Q3 Guidance, Says Nuvama
-
UPL may remain in focus after FMC Corp. sharply cut its Q3 guidance, according to Nuvama.
-
The brokerage said the development is a negative read-through for UPL, given the implications for the global agrochemicals industry.
-
FMC's weaker outlook could signal continued challenges in demand, pricing and inventory conditions across parts of the crop protection market.
-
Investors will watch for any impact on sentiment toward agrochemical stocks, including UPL, following FMC's revised guidance.
Stock Market Live: MOSL Cuts FY27 Earnings Estimates On Cyient DLM
- Motilal Oswal Financial Services (MOSL) has cut its FY27 earnings estimates by 16% for Cyient DLM.
- The brokerage maintained its FY28 and FY29 earnings estimates and has a target price of Rs 1,320.
Stock Market Live: Cyient DLM Working Capital Remains Elevated
- Net working capital stood at 153 days as of June 2026.
- While this improved from 161 days in Q1 FY27, working capital levels continue to remain elevated.
Stock Market Live: Cyient DLM Operating Cash Flow Drops Sharply In H1
- Cyient DLM's cash flow from operations (CFO) declined 90% YoY in the first half of FY27 to Rs 14 crore.
- The sharp fall in operating cash generation remains a key monitorable for investors.
Stock Market Live: Cyient DLM Margins Contract On Product Development Expenses
- Cyient DLM's EBITDA margin declined to 8.8% in Q2 FY27 from 10.1% a year ago.
- The margin contraction was driven by gross margin pressure owing to expensing of product development costs.
- EBITDA rose 9.9% YoY to Rs 34.5 crore, while revenue increased 26.4% YoY to Rs 393 crore.
Stock Market Live: IRFC Expects Growth Momentum To Continue; Targets Higher Profitability
-
Indian Railway Finance Corporation (IRFC) said its headcount has doubled over the past year as the company expands its operations.
-
The company said it aims to maintain and sustain the growth momentum seen over the last six quarters.
-
IRFC expects to achieve a credit cost of 2.2%-2.4% by Q4 FY27 and remains hopeful of delivering a Return on Assets (RoA) of 2.8%-3% by the end of Q4.
-
The company said it will expand lending to metro projects, ports, renewable energy, and power companies in the second half of FY27.
-
Management said it is focused on reducing customer acquisition costs to improve operating efficiency.
-
IRFC added that it remains comfortable with yen borrowings despite the Bank of Japan's rate hikes and does not expect a significant increase in borrowing costs due to the RBI's recent rate hike.
-
The company also said it sees no major pressure from prepayment risks at present.
Stock Market Live: Angel One Says SEBI's CAS Circular To Bring Greater Clarity
-
Angel One said SEBI's latest CAS circular is expected to bring greater clarity to the market and create tailwinds for the company.
-
The brokerage said regulatory changes impacted market volumes during Q2, while noting that regulators continue to remain active and are reviewing market requirements.
-
Angel One reported that its funding clients grew 30% YoY during the quarter.
-
The company said its MTF book continues to grow in a healthy manner, while the credit business is also beginning to scale up further.
-
Management said it remains focused on maintaining liquidity, with margins and return on capital (RoC) being key financial priorities.
-
The company added that customer acquisition costs are incurred upfront, while quarterly margins are likely to fluctuate depending on market performance.
-
Angel One said it is not looking at any increase in lending costs and remains comfortable with its borrowing costs.
Stock Market Live: Cyient DLM Lowers FY27 Margin Guidance
- Cyient DLM has lowered its FY27 EBITDA margin guidance to 9-10% from the earlier 10-11% range.
- The company said upfront growth investments are expected to keep margins under pressure during the year.
Stock Market Live: Deal Slowdown, Healthcare Weakness Remain Key Concerns For Wipro
- Analysts flagged the 23% QoQ decline in deal wins as a key concern for future growth.
- The healthcare business continues to face challenges due to policy-related disruptions in the US.
- Revenue in Americas 1 remains under pressure because of client-specific issues.
- Brokerages said the stock still lacks a near-term catalyst for meaningful growth acceleration.
Stock Market Live: Persistent Systems To Raise Up To Rs 9,000 Crore For Nagarro Acquisition
-
Persistent Systems said it will issue non-convertible debentures (NCDs) worth up to Rs 8,000 crore on a private placement basis, according to an exchange filing.
-
The company will also issue commercial papers (CPs) worth up to Rs 1,000 crore.
-
Persistent Systems said the proposed NCD and CP issuances are related to the acquisition of Nagarro SE.
-
The fundraising will support financing requirements arising from the company's acquisition of Nagarro SE.
Stock Market Live: Jefferies Raises Wipro Target Price, Maintains Underperform Rating
- Jefferies maintained its Underperform rating on Wipro and raised its target price to Rs 155 from Rs 150.
- The brokerage said Wipro's overall growth outlook remains weak despite margin improvements.
- Jefferies cut its US-dollar revenue estimates by 2%, while raising EPS estimates by up to 2% due to forex benefits.
- The brokerage expects 4.5% EPS CAGR during FY27-FY29.
Stock Market Live: Wipro Sees AI, Vendor Consolidation Driving Future Demand
- Wipro said customers are increasingly prioritising AI adoption, cost optimisation and vendor consolidation.
- Management expects vendor consolidation trends to continue creating opportunities for large IT services providers.
- The company added that the current pipeline and order book provide confidence about future growth prospects.
Stock Market Live: Wipro Hits 2-Month High; Marks Biggest Intraday Gain Since May 2025
- Wipro shares surged to a two-month high after the company's Q2 results.
- The stock recorded its biggest intraday gain since May 2025, supported by positive market reaction to the earnings announcement.
- Investor sentiment was aided by margin expansion, with EBIT margin rising to 16.1% from 15.64% QoQ, and management commentary pointing to a healthy deal pipeline and resilient demand environment.
Stock Market Live: Tech Mahindra Surges, Posts Biggest Intraday Gain In Nearly 2.5 Years
-
Tech Mahindra shares surged sharply after its Q2 results, marking the stock's biggest intraday gain in nearly two-and-a-half years.
-
The rally came after the company reported better-than-expected revenue, EBIT and margin performance for the quarter.
Stock Market Live: SMBC Reviewing Supreme Court Judgment On YES Bank AT-1 Bonds
-
Sumitomo Mitsui Banking Corp. (SMBC) said it is reviewing the court's judgment on YES Bank's AT-1 bonds, according to comments reported by Bloomberg.
-
The statement comes after the Supreme Court struck down the write-off of YES Bank's AT-1 bonds, a decision that could have significant implications for the lender and bondholders.
-
SMBC is currently assessing the judgment and its potential impact.
Stock Market Live: Wipro Headcount Falls By Over 6,700 Employees In Q2
- Wipro's headcount declined by 6,716 employees during the quarter.
- Attrition stood at 13.8%, compared with 13.9% in the previous quarter.
- The company said it plans to maintain fresher hiring at around 7,500 recruits annually, similar to last year.
- Management also highlighted positive returns from acquisitions completed over the last few quarters.
Stock Market Live: Healthcare Remains Weak Spot For Wipro; Americas 1 Under Pressure
- Americas 1 revenue declined 2.1% QoQ, continuing to be a weak region for the company.
- Wipro said the US healthcare segment remains under pressure due to ongoing policy changes.
- The healthcare vertical was a drag on performance, while the consumer segment grew 2.6%, making it the strongest-performing vertical.
- APMEA revenue increased 3.1%, while Americas 2 was supported by BFSI momentum.
Stock Market Live: Indian Bank Expects NIM Expansion; Raises FY27 Growth Guidance
-
Indian Bank MD & CEO Binod Kumar said the lender expects Net Interest Margins (NIMs) to expand by 5-6 basis points going forward.
-
He noted that deposit rates could move higher following the RBI's repo rate hike.
-
The bank maintained its CASA ratio at 40% in Q2.
-
Indian Bank has revised its FY27 deposit growth guidance upwards to 11-12%.
-
The lender has also raised its FY27 advances growth guidance to 13-14%.
-
Binod Kumar said the bank has made provisions of Rs 1,500 crore towards ECL in Q2.
-
The bank aims to build total ECL provisions of Rs 3,500 crore by March 2027.
Stock Market Live: Wipro Guides For -1.5% To +0.5% Growth In Q3
- Wipro's Q3 revenue guidance was set at -1.5% to 0.5% sequential growth in constant currency terms.
- The guidance is broadly in line with market expectations.
- Management said the business remains resilient despite a challenging macro environment.
- Clients continue to focus on cost optimisation, legacy modernisation and scaling Agentic AI initiatives.
Stock Market Live: Florian Weidinger Says Indian Markets Vulnerable Amid Concentrated Asian Rally
- Florian Weidinger, CEO Santa Lucia Asset Management said Asian equities have reached a "concentrated moment", with market momentum increasingly driven by a handful of stocks.
- He noted that chip stocks are dominating market momentum across Asia, adding that nearly 80% of profit and loss generation in the region is concentrated in three stocks.
- Weidinger said India's equity market is currently vulnerable, though he highlighted that MSCI India offers diversification benefits amid global uncertainty.
- Despite headwinds, he said India's earnings growth and valuation premium remain relatively strong, while domestic institutional investors continue to increase allocations even during periods of FII outflows.
- He added that the AI and data-centre investment theme continues to dominate global markets, although he has remained underweight on India since early 2024.
- On sector preferences, Weidinger said the Indian energy sector presents a long-term investment opportunity, with a positive view on power, oil and gas companies.
- He also said Indonesian equities could face an overhang from the upcoming MSCI-related decision
Stock Market Live: Wipro's Deal Wins Decline As Large Deal Signings Slip
- Wipro's total bookings stood at $2.6 billion in Q2, down from $3.3 billion in Q1.
- Large deal wins declined to $700 million from $1.6 billion in the previous quarter.
- Management attributed the softness to signing delays and deal slippages rather than demand deterioration.
- Wipro said the deal pipeline remains healthy and expressed confidence about upcoming quarters.
Stock Market Live: Wipro Q2 Profit Misses Estimates; Revenue Growth Remains Muted
- Wipro reported a largely in-line Q2 performance, with revenue rising 1.1% QoQ to Rs 24,753 crore.
- EBIT increased 4.1% QoQ to Rs 3,986 crore, while EBIT margin expanded 46 basis points to 16.1%.
- Net profit declined 4.5% QoQ to Rs 3,201 crore, missing Street estimates.
- IT services constant-currency growth came in at 0% QoQ, compared with -1.2% in Q1 FY27.
Stock Market Live: Nifty Media Hits Record High; Tips Music, PVR Inox Lead Gains
-
The Nifty Media index hit a record high of 1,646.20 during Thursday's session and was trading around 1,645, up 1.8%.
-
Tips Music led the gains among media stocks, rising over 6% to around Rs 726, after reporting strong Q2 earnings.
-
PVR Inox advanced nearly 3%, while Nazara Technologies gained over 2% and PVR INOX touched a fresh 52-week high of Rs 1,425.
-
Other gainers in the index included Saregama India, Sun TV Network and MPS Ltd.
-
The rally comes amid strong stock-specific momentum in media counters, helping the sectoral index scale a fresh all-time high.
Stock Market Live: PFC Receives RBI Nod For Proposed REC Merger
- Power Finance Corporation (PFC) said it has received a Reserve Bank of India no-objection certificate for the proposed merger of REC Ltd. with PFC.
- The approval marks a key regulatory milestone for the proposed transaction.
Stock Market Live: CCL Products Q2 Profit Growth Outpaces Revenue Amid Elevated Coffee Prices
-
CCL Products reported Q2 consolidated net profit of Rs 130 crore, up 28.9% YoY from Rs 101 crore.
-
Revenue increased 7.5% YoY to Rs 1,211 crore from Rs 1,127 crore.
-
EBITDA rose 7.6% YoY to Rs 212.5 crore from Rs 197.5 crore, while EBITDA margin remained largely stable at 17.54% versus 17.52% a year ago.
-
The company reported its slowest growth rate since 2021, with elevated coffee prices resulting in value-led growth rather than volume growth.
-
Inflationary pressures continued during the quarter, while higher employee expenses, inventory-related costs and other operating expenses kept costs elevated.
-
Despite modest revenue growth, profit growth outpaced the topline performance during the quarter.
Stock Market Live: Ambit's Diraj Agarwal Cautious On Margin Outlook Amid Rising Commodity Prices
-
Diraj Agarwal of Ambit said he is slightly cautious on the margin outlook for H2, citing rising crude oil and commodity prices.
-
Agarwal said higher crude and commodity costs are creating an adverse impact of around 700 basis points on margins across sectors.
-
He noted that macroeconomic tailwinds will be essential for Indian equities, adding that the Nifty needs support from macro factors to stage a meaningful rebound.
-
According to Agarwal, the current market is increasingly stock-specific, with investors finding it difficult to identify growth at reasonable valuations.
-
He said overall market valuations remain somewhat expensive, while crude oil prices and bond yields will continue to influence FII flows into India.
-
On technology stocks, Agarwal said the AI trade is undergoing a correction rather than a full unwind, adding that periodic pullbacks in AI-related themes are common and that the trend has intensified over the last five to six years.
Stock Market Live: Axis Bank Appoints Former SEBI Whole-Time Member Ananth Narayan As Independent Director
-
Axis Bank has appointed Ananth Narayan G as an Independent Director for a term of four years.
-
Ananth Narayan G is a former Whole-Time Member of SEBI.
-
He has also served as a faculty member at SP Jain Institute of Management and Research (SPJIMR).
-
The appointment was disclosed by the bank.
Stock Market Live: Key Companies Set To Announce Earnings Tomorrow
- Companies scheduled to report results include Bajaj Housing Finance, Crompton Greaves Consumer, DLF, Federal Bank, Punjab National Bank, Oberoi Realty, Shoppers Stop, Tejas Networks, Ujjivan Small Finance Bank and Urban Company, among others.
Stock Market Live: USD/INR 3-Month Forward Premium Falls 26 Bps To 6.29%
-
The USD/INR 3-month forward premium declined 26 basis points to 6.29%.
-
The move indicates a moderation in the premium for hedging dollar exposure over the three-month period.
-
Forward premium levels are closely tracked by importers, exporters and market participants for currency hedging and interest-rate expectations.
Stock Market Live: NCLAT Reserves Order In Insolvency Plea Against Polycab India
-
Polycab India said the National Company Law Appellate Tribunal (NCLAT) has reserved its order in an insolvency-related matter.
-
The case pertains to a petition filed by supplier Asier Metals, which had earlier sought initiation of the Corporate Insolvency Resolution Process (CIRP) against the company.
-
The appellate tribunal has reserved its verdict after hearing the matter.
Stock Market Live: Urban Company Board To Consider Fund Raise
- Urban Company will consider a fund-raising proposal at its upcoming board meeting.
Stock Market Live: Ujjivan Small Finance Bank Board To Consider Fund Raising
- Ujjivan Small Finance Bank will consider a fund-raising proposal at an upcoming board meeting.
Stock Market Live: Bansal Wire Industries Announces Stock Split
- Bansal Wire Industries approved a stock split from Rs 5 face value shares to Rs 1 face value shares.
Stock Market Live: Europe Weakness, Margin Pressure Remain Key Concerns For Persistent Systems
- Europe revenue declined 8.5% YoY, impacted by client-specific ramp-downs.
- The Nagarro acquisition introduces integration and execution risks, according to analysts.
- One-time acquisition-related expenses continue to affect profitability.
- Despite industry-leading growth, valuation remains a key discussion point for investors following the stock's strong run-up.
Stock Market Live: Kotak Securities Raises Persistent Systems Target Price To Rs 6,500
- Kotak Securities maintained its Buy rating on Persistent Systems and raised its target price to Rs 6,500 from Rs 6,250.
- The brokerage described the quarter as reasonable, with a few rough edges.
- Kotak highlighted robust revenue growth but noted that profitability came in lower than expected.
- The brokerage said deal-win moderation is not a concern at present and should be sufficient to sustain near-term growth.
- Kotak expects Persistent Systems to maintain its growth leadership position over the medium term.
Stock Market Live: Persistent Systems Deal Wins Moderate After High Base In Q1
- Total Contract Value (TCV) stood at $633.5 million in Q2.
- This compares with $1.15 billion in Q1 FY27, reflecting moderation after a strong base in the previous quarter.
- Management maintained that the deal pipeline remains healthy despite the sequential decline in TCV.
Stock Market Live: Persistent Systems Says AI Adoption Highest In Hi-Tech Vertical
- Management said the Hi-Tech segment remains the most disruptive vertical for the company.
- Persistent is witnessing the highest level of AI adoption within the Hi-Tech business.
- The company added that vendor consolidation continues to be a major industry trend, supporting demand opportunities.
- Management said the overall pipeline remains healthy and expressed confidence that all business segments will deliver growth.
Stock Market Live: Persistent Systems Secures 94.04% Of Nagarro; Integration In Focus
- Persistent Systems said it has secured approximately 94.04% ownership in Nagarro.
- Investors will closely track the integration process, execution risks and the impact of the acquisition on future profitability.
- Management said additional Nagarro-related costs are likely in the near term.
Stock Market Live: LCC Projects Sees Multiple Bulk Deal
- Kirtan Maneklal Rupareliya bought 17.77 lakh shares of LCC Projects at Rs 134.99 apiece.
- Neomile Corporate Advisory bought 23.05 lakh shares at Rs 135.01 per share.
Stock Market Live: Persistent Systems Margins Contract As Acquisition Expenses Rise
- EBIT increased 1.6% QoQ to Rs 697.6 crore from Rs 686.8 crore.
- EBIT margin declined 100 basis points to 14.95% from 15.96% in the previous quarter.
- Margin pressure was driven by acquisition-related expenses and integration costs associated with the Nagarro deal.
Stock Market Live: Persistent Systems Profit Falls 27%; Nagarro Costs Weigh On Earnings
- Persistent Systems reported Q2 net profit of Rs 351.5 crore, down 27.2% QoQ from Rs 483 crore.
- The company said profitability was impacted by Nagarro acquisition-related costs.
- Management indicated that higher costs related to the Nagarro transaction are expected to continue in the coming quarters.
Stock Market Live: Persistent Systems Delivers 26th Straight Quarter Of Revenue Growth
- Persistent Systems reported its 26th consecutive quarter of sequential revenue growth in Q2 FY27.
- Revenue rose 8.4% QoQ to Rs 4,664 crore from Rs 4,303 crore.
- Constant-currency revenue growth came in at 7.8% QoQ, accelerating from 4.1% in Q1 FY27 and ahead of Street expectations of around 7%.
Stock Market Live: Fairfax Eyes Integrated Financial Platform Through IDBI Bank
- Go Digit General Insurance said Fairfax plans to contribute Digit Insurance and IIFL Capital to IDBI Bank.
- Fairfax is targeting an integrated banking, insurance and wealth management platform through IDBI Bank.
Stock Market Live: Nuvoco Vistas Unit Enters Voluntary Liquidation
- Nuvoco Vistas said Algebra Endeavour Pvt. Ltd. has entered voluntary liquidation under the IBC.
- The move will make Vadraj Energy (Gujarat) Ltd. a wholly owned subsidiary.
Stock Market Live: Natco Pharma Sees Bulk Deal Activity
- LIC sold 3.45 lakh shares of Natco Pharma at Rs 25 per share.
- Acadian Emerging Markets Small-Cap Equity Fund sold 1.22 lakh shares at Rs 24.61 per share.
- Nippon India Mutual Fund bought 6.78 lakh shares at Rs 24.88 per share.
Stock Market Live: PC Jeweller Witnesses Large Bulk Deal
- Aditya Kumar Halwasiya bought 5.1 crore shares of PC Jeweller at Rs 14.43 per share.
Stock Market Live: HEG Advanced Gets Relief As GST Notice Withdrawn
- HEG Advanced Materials said the GST authority has dropped a Rs 282 crore show-cause notice.
Stock Market Live: CPPIB Invests Rs 950 Crore In Prestige Hospitality Ventures
- CPPIB has acquired a 10% stake in Prestige Hospitality Ventures Ltd. for Rs 950 crore.
- The investor also acquired a 5.79% stake through Series A CCPS for Rs 550 crore.
Stock Market Live: Sharda Motor Receives Licence For New Uttarakhand Plant
- Sharda Motor Industries has received a factory licence for its new manufacturing facility from the Uttarakhand Labour Department.
Stock Market Live: Dipan Mehta Says AT-1 Verdict Is One-Time Issue For YES Bank
-
Dipan Mehta said the AT-1 bond judgment should be seen as a one-time concern for YES Bank, adding that the lender is likely to move past the issue over time.
-
He said the time to sell YES Bank shares has passed and investors should continue to hold the stock.
-
Mehta noted that YES Bank has achieved a lot over the last few years, despite the challenges it has faced.
-
He said the banking sector could see a rally over the next two to three quarters.
-
However, Mehta maintained a somewhat cautious view on the broader banking sector, citing intense competition from NBFCs and evolving regulatory changes as key challenges.
-
According to Mehta, competitive intensity and regulatory developments remain among the most important factors to monitor for the banking industry.
Stock Market Live: Glass Wall Systems Bags Facade Contract Worth Up To Rs 50 Crore
- Glass Wall Systems received an order worth up to Rs 50 crore for facade work.
- The project is scheduled for completion over 24 months.
Stock Market Live: Bombay Burmah Sees Large Block Deal Worth Rs 269 Crore
- Bombay Burmah Trading Corporation witnessed a large block deal, with 22.45 lakh shares changing hands.
- The transaction was executed at Rs 1,200 per share.
- The total deal value stood at approximately Rs 269.4 crore.
Stock Market Live: ICICI Life Tax Demand Reduced To Rs 279 Crore
- ICICI Life Insurance received a rectification order reducing its tax demand to Rs 279 crore from Rs 328 crore.
Stock Market Live: HDFC Securities' Dhiraj Relli Backs SEBI's CAS Framework Revision
-
HDFC Securities CEO Dhiraj Relli said the proposed changes to the Closing Auction Session (CAS) framework will help traders achieve better price discovery.
-
Relli said the current framework is broadly in line with global market practices, but added that the Indian market would benefit from a simpler CAS structure.
-
He said the revision allows market participants more flexibility, while noting that clients will continue to have options that do not require displaying their full order quantity.
-
Relli added that iceberg orders enable partial quantity disclosure to the market while facilitating larger transactions.
-
He said market participants have been given around one month to prepare for the changes and that some system-related modifications will be required before implementation.
-
Relli said he supports the revised CAS framework and described the recent SMAC meeting with SEBI as very positive.
Stock Market Live: Wipro Sees Stronger H2 Demand; Targets Higher Hiring
-
Wipro told NDTV Profit that it expects the demand environment to remain strong in H2, with customer interest in AI adoption continuing to increase.
-
The company said cost optimisation and vendor consolidation remain key growth drivers across client segments.
-
Wipro said it plans to increase hiring and is targeting the onboarding of around 7,500 employees per quarter.
-
The company noted that it has not been very active on campuses during H1 and currently has a healthy bench strength.
-
Wipro said a few deals were delayed due to client-side decision-making delays, but added that the overall deal pipeline is expected to remain healthy in Q3.
-
The company also said membership enrolment in healthcare is expected to remain soft.
-
Wipro reiterated that it will continue to focus on inorganic growth opportunities and believes AI should create opportunities across several sectors.
Stock Market Live: IRCTC Signs Food Safety Pact With Quality Council Of India
- IRCTC signed an MoU with the Quality Council of India for food safety and hygiene audits.
Stock Market Live: Aegis Logistics Commissions LPG Bottling Plant At JNPA
- Aegis Logistics has commissioned a specialised LPG bottling plant at JNPA.
- The facility has an annual capacity of 35,000 MT.
Stock Market Live: Mankind Pharma To Invest €45 Million In Netherlands Arm
- Mankind Pharma will invest an additional €45 million in its Netherlands subsidiary.
- The company will also acquire a 70% stake in Armed Cell Therapeutics.
Stock Market Live: YES Bank Says Evaluating Legal Options After Supreme Court AT-1 Bond Judgment
- YES Bank said it respects the Supreme Court's judgment on the AT-1 bond matter.
- The bank said it is examining the judgment in detail and is evaluating all available legal options following the ruling.
- YES Bank added that it has access to appropriate capital-management levers to address the situation.
- The lender said it remains focused on preserving flexibility to undertake additional actions, if required.
Stock Market Live: Prestige Estates Arm Receives Rs 1,500 Crore Investment From CPPIB
- CPP Investment Board Private Holdings (CPPIB) acquired a 10% stake in Prestige Hospitality Ventures Ltd. (PHVL) for Rs 950 crore.
- CPPIB also acquired a 5.79% stake via Series A CCPS for Rs 550 crore.
- The total investment under the transaction amounts to Rs 1,500 crore.
Stock Market Live: Maruti Suzuki Gets Relief In Income Tax Case
- Maruti Suzuki India received an appellate tax order covering eight years.
- The order reduces the interest component by Rs 6,300 crore.
Stock Market Live: Premier Energies Signs Battery JV Agreement
- Premier Energies has executed a shareholder agreement for a battery joint venture.
- The JV is aimed at a 12 GWh battery energy storage project.
Stock Market Live: Solar Industries To Acquire Sivasakthi For Rs 115 Crore
- Solar Industries India has entered into an agreement to acquire Sivasakthi for Rs 115 crore.
Stock Market Live: Wipro To Acquire 20% Stake In FLARRE.AI
-
Wipro will acquire a 20% stake in FLARRE.AI, a US-listed company, for $2,000, according to an exchange filing.
-
FLARRE.AI operates an agentic AI platform.
-
The acquisition is expected to be completed by Oct. 31.
Stock Market Live: Jindal Steel Arm Commences Paradip Port Operations
- Jindal Paradip Port, a subsidiary of Jindal Steel, has commenced Phase-I operations with a capacity of 12.5 MTPA.
Stock Market Live: Rajesh Exports Says It Will Cooperate With SEBI Investigation
- Rajesh Exports said it will continue cooperating with the SEBI investigation.
- The company said it has done nothing wrong and is confident the matter will be resolved.
Stock Market Live: Subros Opens Advanced Technology Innovation Centre In Noida
- Subros has established the Subros Advanced Tech Innovation Centre in Noida.
Stock Market Live: Baazar Style Opens New Patna Store; Store Count Reaches 287
- Baazar Style Retail opened a new store in Patna.
- Total store count now stands at 287.
Stock Market Live: Baazar Style Raises Rs 66 Crore Through Warrant Conversion
- Baazar Style Retail allotted 20 lakh shares on warrant conversion at Rs 328.25 per share.
- The company raised Rs 66 crore through the conversion.
Stock Market Live: NTPC Signs Africa Power Development Pact
- NTPC has signed a pact with Africa50 to develop power projects across Africa.
Stock Market Live: Fujiyama Power To Raise Up To Rs 1,200 Crore Via QIP
- Fujiyama Power Systems plans to raise up to Rs 1,200 crore through a qualified institutional placement.
Stock Market Live: Milky Mist Expands High-Protein Range
- Milky Mist has expanded its high-protein portfolio with the launch of lactose-free milk.
Stock Market Live: Jyoti Structures Appoints Deepak Salunke As CFO
- Jyoti Structures appointed Deepak Dinkar Salunke as Chief Financial Officer.
- Abdul Hameed Khan has relinquished the CFO role.
Stock Market Live: Afcons Infra Tax Demand Of Rs 39 Crore Confirmed
- Afcons Infrastructure said the Thane tax authority has confirmed a tax demand of Rs 39 crore.
Stock Market Live: Yes Bank Awaits Final Supreme Court Judgment Copy
- Yes Bank said it is in the process of obtaining the final copy of the Supreme Court judgment.
- The bank said it will make further disclosures as required.
Stock Market Live: PFC Incorporates Kadapa II REZ Transmission SPV
- PFC has incorporated Kadapa II REZ Transmission as a subsidiary of PFC Consulting.
- The company also received an RBI no-objection certificate for the proposed merger of REC with PFC.
Stock Market Live: Meesho Independent Director Surojit Chatterjee Resigns
- Surojit Chatterjee has resigned as Non-Executive Independent Director of Meesho citing personal commitments.
Stock Market Live: Aditya Birla Capital Allots Rs 400 Crore Worth NCDs
- Aditya Birla Capital has allotted 40,000 non-convertible debentures aggregating Rs 400 crore.
Stock Market Live: RVNL Signs Pact With Damodar Valley Corporation
- RVNL has signed an agreement with Damodar Valley Corporation.
- The partnership aims to develop railway infrastructure and connectivity for DVC's power plants.
Stock Market Live: Akums Drugs Receives Rs 53 Crore Demand Notice
- Akums Drugs & Pharmaceuticals has received a Rs 53 crore demand notice from the Pharmaceuticals Department.
Stock Market Live: CSB Bank Denies Reports Of Merger Talks With IDBI Bank
- CSB Bank denied reports of merger discussions with IDBI Bank.
- The bank said it is unaware of the factual correctness of the report and confirmed no discussions or negotiations are underway.
Stock Market Live: Jefferies Says Earnings Upside For Exchanges May Be Limited
- Jefferies noted that premium turnover at exchanges has already returned to pre-CAS levels.
- As a result, the brokerage believes the scope for incremental earnings upside for exchanges from the latest CAS changes may be limited.
- The brokerage reiterated that brokers stand to benefit more from the reduction in expiry-day volatility and regulatory uncertainty.
Stock Market Live: Hexaware Technologies To Consider Interim Dividend On Oct. 20
- Hexaware Technologies will consider a second interim dividend on Oct. 20.
Stock Market Live: Jefferies Says SEBI's CAS Changes Positive For Brokers
- Jefferies said SEBI's revised expiry-day settlement framework removes uncertainty surrounding the Closing Auction Session.
- The brokerage said the change in the settlement-price methodology for index derivatives should reduce expiry-day volatility.
- Jefferies believes the changes are a bigger positive for brokers than exchanges, particularly for firms whose trading activity remains below pre-CAS levels.
- The brokerage continues to maintain a Buy rating on Groww.
Stock Market Live: SEBI Bars New Iceberg, Stop-Loss Orders During Closing Auction
- SEBI has specified that only limit orders and market orders will be permitted during the Closing Auction Session.
- New iceberg orders and stop-loss orders will not be allowed during CAS.
- Eligible pending iceberg orders at the end of continuous trading will automatically move into CAS as fully disclosed limit orders from Feb. 8, 2027.
Stock Market Live: SEBI Revises Derivatives Trading Timings Around Closing Auction
- Index derivatives will trade until 3:45 pm on regular trading days.
- On expiry days, expiring index derivative contracts will stop trading at 3:30 pm.
- Stock derivatives will continue trading till 3:45 pm, including on expiry days.
- The post-close session in the cash market will continue between 3:50 pm and 4:00 pm.
Stock Market Live: SEBI Narrows CAS To 10 Minutes, Revises Auction Timings
- The Closing Auction Session will now last 10 minutes, compared with the earlier 20-minute window.
- The transition phase will run from 3:30 pm to 3:31 pm, followed by a five-minute market-and-limit order session from 3:31 pm to 3:36 pm.
- The final limit-order-only session will run from 3:36 pm to 3:40 pm.
- Order entry will close randomly between 3:38 pm and 3:40 pm.
Stock Market Live: CCL Products Q2 Profit Rises 29%
- CCL Products reported Q2 net profit of Rs 130 crore, up 28.9% YoY.
- Revenue rose 7.5% YoY to Rs 1,211 crore.
- EBITDA margin stood at 17.54% versus 17.52% a year ago.
Stock Market Live: SEBI Changes Reference Price Methodology For Closing Auction
- Under the revised framework, the closing auction reference price will be based on the VWAP of trades executed during the final 15 minutes of continuous trading, between 3:15 pm and 3:30 pm.
- Earlier, the reference price was calculated using the VWAP of trades between 3:00 pm and 3:15 pm.
- If no trades occur during the final 15 minutes, the last traded price for the day will be used.
Stock Market Live: SEBI Revises Closing Auction Session Framework; Changes Effective Dec. 7
- SEBI has revised the Closing Auction Session (CAS) framework for eligible securities.
- The CAS window will now run from 3:30 p.m. to 3:40 p.m., compared with the earlier 3:15 pm to 3:35 pm schedule.
- Most changes will take effect from Dec. 7, 2026, while rules related to iceberg orders will be implemented from Feb. 8, 2027.
Stock Market Live: L&T Finance Q2 Profit Grows 33%
- L&T Finance reported Q2 net profit of Rs 975 crore, up 32.7% YoY.
- Total income increased 27% YoY to Rs 5,484 crore.
Stock Market Live: Sri Lotus Developers Q2 Profit Jumps 78%
- Sri Lotus Developers reported Q2 net profit of Rs 82.1 crore, up 77.7% YoY.
- Revenue rose 52.5% YoY to Rs 268.6 crore.
- EBITDA margin expanded to 40% from 28.7%.
Stock Market Live: Jio Financial Income Jumps 70%; Profit Declines
- Jio Financial Services reported Q2 total income of Rs 1,699 crore, up 69.6% YoY.
- Net profit fell 51.1% YoY to Rs 340 crore from Rs 695 crore.
Stock Market Live: Sitharaman Says Fiscal Prudence Remains Key; Flags China Trade Barriers
-
Finance Minister Nirmala Sitharaman said India is consciously maintaining fiscal prudence, adding that public infrastructure investment has acted as a strong multiplier for economic growth.
-
She noted that India's foreign exchange outgo remains elevated due to imports of energy and fertilisers, while broken global supply chains continue to pose challenges for Indian exporters.
-
Sitharaman said the trade balance with China remains tilted against India and highlighted that Indian businesses continue to face limited market access in China.
-
The finance minister added that non-tariff barriers are the biggest hurdle in India-China trade, alleging that China uses such barriers without hesitation.
-
Sitharaman also expressed hope that the proposed India-US trade deal is concluded at the earliest.
-
The minister was speaking at a conference in Bangkok.
Stock Market Live: Metro Brands Q2 Profit Rises 12%; Margins Improve
- Metro Brands reported Q2 net profit of Rs 75.8 crore, up 12% YoY.
- Revenue rose 12.1% YoY to Rs 730 crore.
- EBITDA margin expanded to 27% from 26.2%.
Stock Market Live: Sterling & Wilson Returns To Profit In Q2
- Sterling & Wilson Renewable Energy reported Q2 net profit of Rs 19.2 crore versus a loss of Rs 473.2 crore a year ago.
- EBITDA surged to Rs 56.1 crore from Rs 3.9 crore.
- EBITDA margin improved to 3.7% from 0.2%.
Stock Market Live: Alok Industries Loss Widens Despite Operating Improvement
- Alok Industries reported Q2 revenue growth of 14.6% YoY to Rs 1,078 crore.
- EBITDA rose to Rs 41 crore from Rs 4 crore a year ago.
- Net loss widened to Rs 208 crore from Rs 162 crore.
- The company reported a one-time loss of Rs 36 crore versus a gain of Rs 5 crore a year ago.
Stock Market Live: Angel One Q2 Profit Surges 45%; Declares Dividend
- Angel One reported Q2 net profit of Rs 335 crore, up 45% QoQ.
- EBITDA rose 31% QoQ to Rs 636 crore.
- EBITDA margin improved to 44.6% from 33.9%.
- The company declared an interim dividend of Rs 1.40 per share.
Stock Market Live: Tech Mahindra Revenue, Margins Beat Estimates
- Tech Mahindra reported Q2 revenue of Rs 16,180 crore, above estimates of Rs 15,975 crore.
- EBIT stood at Rs 2,386 crore, ahead of estimates of Rs 2,319 crore.
- EBIT margin expanded to 14.7%, above estimates of 14.5%.
- Net profit came in at Rs 1,586 crore, below estimates of Rs 1,677 crore.
Stock Market Live: Centre Raises Windfall Tax On Petrol Exports, Cuts Diesel Export Duty
-
The Centre has raised the windfall tax on petrol exports to Rs 2.5 per litre from Rs 0.5 per litre, according to a government notification.
-
At the same time, the government has reduced the windfall tax on diesel exports to Rs 8.5 per litre from Rs 16 per litre.
-
The revised rates will come into effect from Oct. 16.
-
India had first imposed windfall taxes on fuel exports in July 2022, before withdrawing them in 2024. The duties were reintroduced in March 2026 amid elevated energy prices during the Middle East conflict.
-
The government reviews export duties on petroleum products every fortnight and adjusts them based on movements in global crude oil and fuel prices.
Stock Market Live: Cyient DLM Q2 Revenue Climbs 26%; Margins Ease
- Cyient DLM reported Q2 revenue of Rs 393 crore, up 26.4% YoY.
- EBITDA increased 9.9% YoY to Rs 34.5 crore.
- EBITDA margin declined to 8.8% from 10.1%.
- Net profit rose 5.9% YoY to Rs 34 crore.
Stock Market Live: 360 One WAM Declares Interim Dividend; Profit Falls Sequentially
- 360 One WAM reported Q2 net profit of Rs 300 crore, down 9.4% QoQ.
- Total income declined 1% QoQ to Rs 1,261 crore.
- The company approved a second interim dividend of Rs 7.5 per share.
Stock Market Live: IIFL Finance Q2 Profit More Than Doubles
- IIFL Finance reported Q2 net profit of Rs 766 crore, compared with Rs 376 crore a year ago.
- Total income rose 28.4% YoY to Rs 4,248 crore from Rs 3,309 crore.
Stock Market Live: Persistent Systems Revenue Grows; Margins Under Pressure
- Persistent Systems reported Q2 revenue of Rs 4,664 crore, up 8.4% QoQ.
- EBIT declined 19.6% QoQ to Rs 467 crore.
- EBIT margin contracted to 10% from 13.5%.
- Net profit fell 27.1% QoQ to Rs 352 crore.
Stock Market Live: HDFC Life Q2 Profit Rises 17%; Premium Income Grows
- HDFC Life Insurance reported Q2 net profit of Rs 522 crore, up 16.5% YoY from Rs 448 crore.
- Net premium income increased 15.8% YoY to Rs 21,856 crore from Rs 18,871 crore.
Stock Market Live: Wipro Q2 Revenue Beats Estimates; Profit Misses Street View
- Wipro reported Q2 revenue of Rs 24,753 crore, ahead of estimates of Rs 24,710 crore.
- EBIT stood at Rs 3,986 crore, below estimates of Rs 4,018 crore.
- EBIT margin came in at 16.1%, lower than the estimated 16.26%.
- Net profit declined 4.5% QoQ to Rs 3,200 crore, missing estimates of Rs 3,306 crore.
Stock Market Live: US Indices Settle Higher
- Dow Jones Industrial Average rose 1.1%
- S&P 500 advanced approximately 0.3%
- Nasdaq Composite edged up 0.1%.
- The S&P 500 and Nasdaq snapped a three-session losing streak
Stock Market Live: Asian Markets Trade Mostly Higher
- Japan's Nikkei 225 rose 1.38%
- Topix gained nearly 1.8%
- South Korea's Kospi jumped 1.56%
- Australia's ASX 200 advanced 1.01%.
Stock Market Live: Welcome To The Live Coverage Of Indian Equities
Track all the latest developments in the stock market, including GIFT Nifty trends, global market cues, crude oil prices, FII activity, and key stocks in focus. Follow live updates on Sensex and Nifty 50, along with Q2 earnings announcements from LTIMindtree, DLF, PNB and other companies.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
