Although the benchmark indices opened higher, they remained in negative territory throughout the session and eventually closed in the red.
Indian equity benchmarks indices, Sensex and Nifty50 ended lower for the second day as IT, auto, and metal shares declined.
At the closing bell, the BSE Sensex closed 143 points lower (down 0.1%)
Meanwhile, the NSE Nifty closed 77 points lower (down 0.3%)
TCS, Tech Mahindra, HCL Tech are the top gainers today.
Bajaj Finance, Trent, Axis Bank on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,734 with 200 points lower at the time of writing.
The BSE 150 Midcap index is trading 1.5% lower and the BSE 250 SmallCap index is trading 2.1% lower.
Baring IT sector all other sectoral indices traded negative today, with stocks in metal sector and power sector witnessed selling pressure.
The rupee is trading at Rs 94.4 against the US$.
Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 1,45,699 per 10 grams.
Meanwhile, silver prices were trading 1.3% lower at 2,08,660 per 1 kg.
Vishal Mega Mart Q2 FY27 Results
Shares of Vishal Mega Mart came into focus after the company reported its Q2 FY27 results.
Vishal Mega Mart reported a consolidated net profit of Rs 1.579 billion (bn) in Q2FY27, marking a 3.7% year-on-year (Y-o-Y) increase from Rs 1.523 bn in the corresponding quarter of the previous fiscal. However, its profit margin contracted to 4.6% from 5.1% in Q1FY26, the exchange filing showed.
Revenue from operations in the second quarter of FY27 rose 14% Y-o-Y to Rs 33.985 bn from Rs 29.815 bn in the year-ago period.
EBITDA for the quarter grew 4.2% Y-o-Y to Rs 4.12 bn, while the EBITDA margin stood at 12.1%, compared with 12.5% in the corresponding quarter of FY26.
The company said margins were impacted by operating deleverage arising from the shift in festive buying from Q2 to Q3.
Same-store sales growth (SSSG) stood at 7.7% in Q2FY27. "The festivals this year have shifted from H1 to H2. This has an impact of 1.5-2% on SSSG. Adjusting for that, SSSG will be about 9.5%," the company said.
Vishal Mega Mart added 53 gross and 49 net stores during the September quarter, taking its total store count to 844 across 582 cities. Its total retail area stood at approximately 14.1 million square feet.
Just Dial Q2 FY27 Results
Shares of Just Dial came into focus after the company reported its Q2 FY27 results.
For Q2FY27, local search engine Just Dial reported a 9.73% year-on-year (Y-o-Y) decline in consolidated net profit to Rs 1.08 bn, compared with Rs 1.19 bn in the corresponding quarter of the previous fiscal year.
Revenue from operations, however, rose 13.11% Y-o-Y to Rs 3.43 bn in Q2FY27 from Rs 3.03 bn a year ago. The company said topline growth was driven by a 7.50% Y-o-Y increase in revenue per paid campaign and a 5.20% rise in paid campaigns.
Operating EBITDA for the reporting quarter stood at Rs 0.91 bn, up 4.10% Y-o-Y from Rs 0.87 bn in the corresponding period of the previous fiscal year. EBITDA margin contracted by 228.00 basis points (bps) Y-o-Y to 26.40% in the September quarter.
On the operating front, unique visitors increased 2.80% quarter-on-quarter (Q-o-Q) and remained flat Y-o-Y. Paid campaigns grew 5.20% Y-o-Y and 2.70% Q-o-Q to 657,000, with net additions of around 17,000 sequentially. User engagement on the platform, measured through ratings and reviews, increased 2.20% sequentially and 6.00% Y-o-Y to 164 million.
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