Nifty Above 24,550; TCS & Infosys Top Gainers

Asian markets crashed in the final trading session of the week i.e. Friday, tracking heavy losses on Wall Street as a sharp sell-off in artificial intelligence (AI) and technology stocks rattled investor sentiment.

The sell-off across Asian markets followed a brutal session on Wall Street, where all three major US indices recorded their steepest single-day declines since April 2025.

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

Source: Equitymaster

At present, the BSE Sensex is trading 36 points higher, and NSE Nifty is trading 10 points higher.

TCS, Infosys, HCL Tech are the top gainers today.

Asian Paints, Bajaj Finance, Bharat Elec on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 1% lower and the BSE 250 SmallCap index is trading 1.3% lower.

Sectoral indices are trading on a mixed note today, with stocks in the metal sector and power sector witnessed selling pressure. Meanwhile, stocks in IT sector and private bank sector witnessed buying interest.

The rupee is trading at Rs 94.4 against the US dollar.

Bharti Airtel Q2 FY27 Results

Bharti Airtel, India's second-largest telecom operator, reported a 31% year-on-year (Y-o-Y) rise in consolidated net profit to Rs 88.87 billion in Q2FY27, although it missed estimates due to rising network costs.

Revenue increased 16.7% Y-o-Y to Rs 608.87 billion, beating estimates. Sequentially, revenue grew 4% from Rs 585.39 billion in Q1FY27. However, network operation and maintenance costs rose 11% to Rs 112.14 billion, while licence fees increased 13% to Rs 43.20 billion, pushing total expenses up 15% to Rs 259.31 billion.

Airtel's India revenue grew 9.4% Y-o-Y to Rs 423.08 billion, driven by premium mobile customers and growth in homes and enterprise businesses. India mobile revenue increased 10.1% Y-o-Y to Rs 309.43 billion.

Arpu rose to Rs 271 per month from Rs 264 in Q1FY27 and Rs 256 in Q2FY26, reflecting sequential and annual growth of 2.7% and 5.9%, respectively. Consolidated Ebitda increased 17.8% Y-o-Y to Rs 352.40 billion, with a margin of 57.9%.

Airtel's India subscriber base grew 10.9% Y-o-Y to 498.6 million, while its smartphone data customer base reached 304.6 million. Average monthly data consumption per customer increased 28.8% to 36.5 GB.

Net debt, excluding lease obligations, declined to Rs 882.77 billion from Rs 1,260 billion a year earlier. Consolidated capex stood at Rs 124.67 billion during the quarter.

Titan Company Q2 FY27 Results

Titan Company Ltd reported a 114% year-on-year (Y-o-Y) increase in net profit to Rs 23.93 billion for the quarter ended September 30, 2026, driven by a shift towards higher-margin diamond-studded jewellery, despite slower growth in its overall jewellery business.

The company's total income rose 14% Y-o-Y to Rs 214.30 billion in Q2FY27 from Rs 188.37 billion a year earlier. Consolidated operating growth stood at 25%, supported by healthy demand across its businesses.

The jewellery business recorded 24% growth in income to Rs 174.95 billion. Its India business grew 21% to Rs 163.43 billion, with Tanishq, Mia and Zaya collectively registering 20% growth to Rs 149.35 billion. CaratLane reported a 31% increase in income to Rs 14.08 billion.

The watches business reported a 27% Y-o-Y increase in total income to Rs 18.81 billion, supported by strong growth in analogue watches and a recovery in smartwatches. The company also added 34 stores during the quarter.

Titan's emerging businesses, including Irth and Taneira, recorded 21% growth in total income to Rs 1.71 billion, while reporting a loss of Rs 60 million.