The benchmark indices opened on a flat note, maintained their gains throughout the session and closed higher.
Indian equity benchmark indices, the Sensex and Nifty 50 ended higher for the second session as IT and pharma shares advanced.
At the closing bell, the BSE Sensex closed 308 points higher (up 0.4%)
Meanwhile, the NSE Nifty closed 116 points higher (up 0.5%)
Trent, Infosys, Sun Pharma are the top gainers today.
SBI, Tats Steel, Axis Bank on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,087 with 44 points higher at the time of writing.
The BSE 150 Midcap index is trading 1% lower and the BSE 250 SmallCap index is trading 2.1% lower.
Sectoral indices traded mixed today, with IT sector and healthcare sector witnessed buying. Meanwhile, stocks in telecommunication sector and metal sector witnessed selling pressure.
The rupee is trading at Rs 94.6 against the US$.
Gold prices for the latest contract on MCX are trading 0.6% lower at Rs 1,41,627 per 10 grams.
Meanwhile, silver prices were trading 2.4% lower at 1,84,761 per 1 kg.
Trent Q2 FY27 Results
Shares of Trent came into focus after the company reported its Q2 FY27 results.
Trent reported a 25% year-on-year increase in consolidated net profit to Rs 4.68 billion (bn) for the September quarter of FY27, supported by strong revenue growth and improved operating leverage, despite the inflationary environment.
Consolidated revenue from operations grew 22% year-on-year to Rs 58.73 bn in the quarter ended September 30, while operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased 37% to Rs 7.85 bn.
For the first half of FY27, consolidated revenue rose 20% year-on-year to Rs 116.28 bn, while net profit increased 24% to Rs 9.86 bn. Operating EBITDA also registered a strong growth of 35% to Rs 16.33 bn during the period.
On a standalone basis, revenue from operations increased 23% year-on-year to Rs 57.88 bn in the September quarter. Operating EBITDA climbed 37% to Rs 7.91 bn, while net profit grew 9% to Rs 4.90 bn.
Fino Payments Bank Q2 FY27 Results
Shares of Fino Payments Bank came into focus after the company reported its Q2 FY27 results.
Fino Payments Bank reported a net loss of Rs 209 million (m) in the July-September quarter of FY27, as profitability was impacted by margin compression and higher depreciation following the migration of its core banking system.
Revenue increased 9% sequentially to Rs 3,336 m, while EBITDA declined 19% to Rs 351 m.
Commenting on the performance, Anup Agarwal, Interim Chief Financial Officer of Fino Payments Bank, said that despite sequential revenue growth, profitability was affected by margin compression and higher depreciation costs following the core banking migration. He added that while these investments could put pressure on short-term earnings, the bank remains focused on building a sustainable business through product innovation, financial discipline and targeted growth.
For the first half of FY27, the bank reported a net loss of Rs 346 m, while revenue declined 25% year-on-year to Rs 6,405 m. EBITDA also fell 37% to Rs 782 m.
The bank's loan referral disbursals registered a sharp 286% year-on-year increase to Rs 7,620 m in Q2 FY27. Disbursals for H1 FY27 stood at Rs 13,900 m, surpassing the total disbursals recorded during the entire FY26.
As the bank prepares for its transition into a small finance bank (SFB), it is focusing on strengthening its business operations. Ketan Merchant, Interim Chief Executive Officer, said the bank is currently in a consolidation phase, with efforts directed towards strengthening its core retail business and reviving growth in its business-to-business (B2B) segment.
As part of its SFB preparations, Fino has appointed senior leadership across branch banking, liabilities, micro, small and medium enterprises (MSMEs), and credit risk. The bank is also investing in technology, infrastructure and operational capabilities to support its next phase.
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