Sensex Today Rallies 619 Points; Nifty Above 24,200

Asian markets traded lower on Friday, following overnight decline on Wall Street, amid a selloff in chipmakers.

US stock market ended lower on Thursday, weighed down by a selloff in semiconductor stocks.

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

Source: Equitymaster

At present, the BSE Sensex is trading 619 points higher, and the NSE Nifty is trading 165 points higher.

HCL Tech, Infosys, Tech Mahindra are among the top gainers today.

Bharti Airtel, Sun Pharma, Trent, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.1% lower, and the BSE 250 SmallCap index is trading 0.7% lower.

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

The rupee is trading at Rs 96.3 against the US dollar.

Tech Mahindra Q1FY27 Performance

Tech Mahindra reported a consolidated net profit of Rs 14.65 billion for the first quarter of FY27, up 28% YoY from Rs 11.41 billion in the same period last year. On a sequential basis, net profit rose 8% from Rs 13.54 billion reported in Q4 FY26.

Revenue from operations increased 18% YoY to Rs 157.12 billion, compared with Rs 133.51 billion in Q1 FY26.

In constant currency terms, revenue grew 6.6% YoY to US$1.66 billion. EBIT rose 53% YoY, while new deal wins, measured by total contract value (TCV), increased 33% YoY to US$1.08 billion.

Among business segments, the IT business reported 18% YoY revenue growth to Rs 132.45 billion, while the Business Process Services (BPS) segment posted an 18% YoY increase in revenue to Rs 24.67 billion during the quarter.

Piramal Finance Q1 FY27 Performance

Piramal Finance reported a 67% YoY increase in net profit to Rs 4.61 billion for the first quarter of FY27, compared with Rs 2.76 billion in the same period last year. The growth was driven by strong retail loan expansion, higher net interest income (NII), and improved operating efficiency.

The company's board also approved a proposal to raise up to Rs 40 billion through equity or equity-linked instruments, subject to shareholder approval.

Total income rose 37% YoY to Rs 16.93 billion, while NII increased 43% to Rs 14.42 billion. Interest income grew 27% to Rs 31.79 billion, whereas interest expenses rose 16% to Rs 17.36 billion.

Profitability improved during the quarter, with net interest margin (NIM) expanding 47 basis points YoY to 6.5%. The cost-to-income ratio declined to 52.5% from 65.6% a year earlier, while return on average assets (RoA) improved to 1.9% from 1.5%. The average cost of borrowing fell 33 basis points YoY to 8.8%.

Assets under management (AUM) increased 25% YoY to Rs 1.07 trillion, led by a 32% rise in growth AUM. Retail AUM grew 32% to Rs 912.49 billion, accounting for 85% of the overall portfolio, while wholesale AUM increased 27% to Rs 132.38 billion.

Retail disbursements jumped 44% YoY to Rs 125.27 billion, supported by strong demand for mortgages, gold loans, and small business loans. Mortgage AUM stood at Rs 611.99 billion, while wholesale disbursements rose 13% to Rs 26.04 billion.