Nifty Above 22,650; Tata Tech Rallies 7%

The Nifty crossed 22,650 as Tata Tech rallied 7% despite global headwinds from hot US inflation data.

Source: Unsplash

Asian markets traded lower on Thursday, following overnight losses on Wall Street, dragged by selloff in chip-related stocks.

US stock market ended lower on Wednesday after hotter-than-expected inflation data raised worries of more interest rate hikes from the Federal Reserve.

Here's a table showing how US stocks performed on Wednesday:

Stock/Index

LTP

Change ($)

Change (%)

Day High

Day Low

52-Week High

52-Week Low

Alphabet

343.65

-5.87

-1.68%

355.25

342.4

404.44

244.68

Apple

342.96

1.69

0.50%

347.09

341.72

348.15

243.42

Meta

737.54

-24.96

-3.27%

761.5

734.29

779.82

520.26

Tesla

367.16

-8.07

-2.15%

371.39

363.82

498.82

297.38

Netflix

70.57

0.11

0.16%

71.26

69.37

124.86

65.1

Amazon

254.08

-4.5

-1.74%

259.65

252.66

287.16

196

Microsoft

533.69

-9.76

-1.80%

545.75

532.54

553.72

349.2

Dow Jones

51621.48

-48.62

-0.09%

51869.75

51365.42

54744.33

45057.28

Nasdaq

29950.82

-618.66

-2.02%

30436.6

29861.06

31361.37

22841.42

Source: Equitymaster

At present, the BSE Sensex is trading 345 points higher, and NSE Nifty is trading 68 points higher.

Rites, Apollo Tyres and EIH are the top gainers today.

HFCL, Netweb Technology and IDBI Bank on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 0.4% lower and the BSE 250 SmallCap index is trading 0.3% lower.

Sectoral indices are trading mixed today with stocks in energy sector and telecommunication sector witnesses selling pressure. Meanwhile, stocks in auto sector and IT sector witnessed buying.

The rupee is trading at Rs 94.91 against the US dollar.

HDB Financial Services Q2 FY27 Results

Shares of HDB Financial Services, a subsidiary of HDFC Bank, came into focus after the company reported its Q2 FY27 results.

The company reported a 34% year-on-year rise in net profit to Rs 7.80 billion for the quarter ended September 30, 2026, compared with Rs 5.81 billion in the year-ago period.

The NBFC declared an interim dividend of Rs 2 per share, with a face value of Rs 2.

Revenue from operations rose 10% to Rs 50.05 billion in Q2FY27, compared with Rs 45.45 billion in Q2FY26.

Net interest income increased 15.6% to Rs 25.34 billion for the quarter ended September 30, 2026, from Rs 21.92 billion in the corresponding quarter of the previous financial year.

Net total income grew 11.8% to Rs 31.88 billion in Q2FY27, compared with Rs 28.51 billion in Q2FY26.

Loan losses and provisions declined 2.5% to Rs 7.30 billion during the quarter, compared with Rs 7.48 billion in the year-ago period.

Assets under management (AUM) stood at Rs 1,246.38 billion as of September 30, 2026, compared with Rs 1,117.21 billion a year earlier, marking a growth of 11.6%.

The gross loan book stood at Rs 1,244.69 billion as of September 30, 2026, compared with Rs 1,114.09 billion as of September 30, 2025, registering a growth of 11.7%.


Enviro Infra Subsidiary Wins Wind Power Project

Enviro Infra Engineers Limited, through its step-down subsidiary, Suyog Urja Limited (SUL), has been awarded an order by ARIE ENERGY LLP for the execution of Engineering, Procurement and Construction (EPC) turnkey works for the development of a 100 MW Ajani Wind Power Project at Ajani, Taluka Shirur Anantpal, District Latur, Maharashtra.

The order has been awarded by a domestic entity and is valued at Rs 2.28 billion, excluding GST. The project is scheduled to be completed by July 31, 2027.

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