Sensex Today Rallies 794 Points; Nifty Above 23,100

Asian markets advanced on Wednesday, led by South Korea and Japan, as renewed optimism over artificial intelligence-related investments lifted sentiment.

US stock futures also gained as investors assessed the latest corporate earnings.

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

Source: Equitymaster

At present, the BSE Sensex is trading 794 points higher, and NSE Nifty is trading 224 points higher.

Infosys, TCS, ICICI Bank are the top gainers today.

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

The BSE 150 Midcap index is trading 0.2% higher and the BSE 250 SmallCap index is trading 0.2% lower.

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

The rupee is trading at Rs 94.6 against the US dollar.

L&T Technology Services Q2 FY27 Results

Shares of L&T Technology Services came into focus after the company reported its Q2 FY27 results.

The company reported a net profit of Rs 5.482 billion in the second quarter of financial year 2027 (Q2FY27), up 66.8% year-on-year (Y-o-Y). The profit included a one-time gain of Rs 1.65 billion. Excluding this gain, net profit increased 16.5%.

Revenue grew 12.1% to Rs 30.4 billion, compared with Rs 27.133 billion in the corresponding quarter last year.

On a sequential basis, net profit rose 53.7%, while revenue increased 3.4%. The company's earnings before interest and tax (EBIT) margin stood at 16.3%, improving by 60 basis points sequentially.

Rajeev Gupta, chief financial officer of LTTS, said revenue from its Engineering Intelligence (EI) platforms exceeded $120 million on an annualised basis at the end of Q2FY27.

Growth during the quarter was driven by the Sustainability and Mobility verticals. Sustainability revenue grew 13.4% Y-o-Y and 4.9% sequentially. Geographically, all regions recorded Y-o-Y growth except Europe.

Hindustan Zinc Q2 FY27 Results

Shares of Hindustan Zinc came into focus after the company reported its Q2 FY27 results.

Hindustan Zinc reported more than a two-fold increase in quarterly net profit, supported by higher zinc and silver prices and increased production.

Consolidated net profit stood at Rs 64.12 billion for the three months ended September 30, compared with Rs 26.49 billion a year earlier.

Net profit margin rose to 42% from 31% in the year-ago quarter. The Vedanta Group company operates across the mining, processing and refining of zinc, lead and silver, as well as wind power generation.

The results come amid a surge in zinc prices, driven by supply disruptions and expectations of a global market deficit.

Hindustan Zinc's mined metal production increased 5% year-on-year to 271 kilotonnes during the quarter, while refined metal production rose 7% to 264 kilotonnes.

Silver production climbed 20% to 173 tonnes, while revenue from silver sales more than doubled.

Zinc production costs, excluding royalty, declined 29% to $703 per tonne, supported by higher production, improved ore grades and increased consumption of renewable power, the company said.

The company, which commands roughly three-fourths of India's zinc market, reported a 76.5% increase in total revenue from operations to Rs 150.93 billion.