IT stocks remained under pressure, extending their losing streak for the third consecutive trading session, as investors continued to trim their exposure to the sector.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 155.47 points or 0.21% to 73,294.77. The Nifty 50 index added 45.75 points or 0.20% to 22,656.65.
The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.47% and the Nifty SmallCap 250 Index jumped 0.51%.
The market breadth was positive. On the NSE, 1,916 shares rose and 1,376 shares fell. A total of 106 shares were unchanged.
Earnings Today:
Tata Consumer Products (down 2.86%), ITC Hotels (up 0.61%), One 97 Communications Paytm(up 0.46%), AAVAS Financiers (down 0.41%), Aditya Birla Real Estate(up 1.63%), Acevector, Aegis Logistics (down 2.07%), Aequs, (up 2.57%), Astec Lifesciences(down 3.34%), Ather Energy(down 0.01%), Eris Lifesciences(down 0.34%), Indian Overseas Bank(up 1.53%), LEAP India(down 0.49%), Bank of Maharashtra(up 0.08%), Mankind Pharma(up 2.17%), Nazara Technologies(up 0.26%), REC, (down 0.07%)Sona BLW Precision Forgings(up 2.76%) and WeWork India Management (down 1.11%) will declare their results later today.
Buzzing index:
The Nifty IT Index declined 31,599.45. The index dropped 2.54% in the three consecutive trading sessions.
Infosys (down 1.13%), HCL Technologies (down 0.63%), Wipro (down 0.59%), LTM (down 0.56%).
Stock in Spotlight:
RailTel Corporation of India fell 2.52% after the company’s standalone net profit declined 9.87% year-on-year to Rs 68.56 crore in Q2 FY27, compared with Rs 76.07 crore in Q2 FY26. Revenue from operations rose 20.47% YoY to Rs 1,146.14 crore in Q2 FY27 from Rs 951.36 crore in the corresponding quarter last year.
Apollo Micro Systems jumped 7.85% after reporting strong consolidated financial results for the September quarter of FY27. Net profit climbed 53.7% year on year to Rs 46.15 crore from Rs 30.03 crore in Q2 FY26. Sequentially, net profit rose 83% from Rs 25.22 crore in Q1 FY27. Revenue from operations rose 72.3% year on year to Rs 388.15 crore in Q2 FY27 from Rs 225.26 crore in Q2 FY26. Revenue increased 54.5% quarter on quarter from Rs 251.29 crore in Q1 FY27.
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