Asian markets traded lower on Thursday, tracking declines in US equity futures as mixed earnings from major technology companies raised questions about the sustainability of the recent rally in artificial intelligence stocks.
US stock futures also weakened on Wednesday after investors assessed third-quarter results from major technology companies, including Meta Platforms and Tesla.
Here's a table showing how US stocks performed on Wednesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 330.95 | -5.45 | -1.62% | 333.8 | 326.26 | 404.44 | 250.45 |
Apple | 343.99 | 4.49 | 1.32% | 345.25 | 338.83 | 348.15 | 243.42 |
Meta | 697.52 | 3.27 | 0.47% | 713.22 | 689.68 | 779.82 | 520.26 |
Tesla | 386.47 | 12.76 | 3.41% | 388.84 | 380.51 | 498.82 | 297.38 |
Netflix | 65.04 | -3.65 | -5.31% | 67.12 | 64.1 | 124.86 | 64.1 |
Amazon | 262.37 | -0.26 | -0.10% | 264.36 | 259.29 | 287.16 | 196 |
Microsoft | 532.95 | 1.08 | 0.20% | 533.28 | 525.02 | 553.72 | 349.2 |
Dow Jones | 52856.09 | 360.21 | 0.69% | 52860.11 | 52392.28 | 54744.33 | 45057.28 |
Nasdaq | 29822.52 | 332.23 | 1.13% | 29928.31 | 29593.7 | 31361.37 | 22841.42 |
Source: Equitymaster
At present, the BSE Sensex is trading 660 points lower, and NSE Nifty is trading 252 points lower.
Eternal, Tech Mahindra, Axis Bank are the top gainers today.
Maruti Suzuki, Tata Steel, M&M on the other hand is among the top losers today.
The BSE 150 Midcap index is trading 1.5% lower and the BSE 250 SmallCap index is trading 1.2% lower.
Sectoral indices are trading negative today with stocks in metal sector and auto sector witnessed selling pressure.
The rupee is trading at Rs 94.4 against the US dollar.
SEAMEC Enters Agreement for Vessel Deployment
SEAMEC Limited has entered into an agreement with HAL Offshore Limited for the charter hire of its vessel "SEAMEC ANANT" for deployment with Oil and Natural Gas Corporation Limited (ONGC) for Inspection, Maintenance and Repair (IMR) jobs. The charter hire period is approximately 1,225 days, subject to the terms of HAL Offshore Limited's charter hire agreement with ONGC. The total contract value for the said period is approximately USD 55 million, exclusive of GST.
HAL Offshore Limited holds 70.77% of the shareholding in SEAMEC Limited and is the Promoter of the Company. The agreement does not contain any special rights, such as the right to appoint directors, the right of first refusal in respect of share subscriptions upon issuance of shares, or the right to restrict changes in the capital structure.
The transaction qualifies as a Related Party Transaction and is being undertaken on an arm's-length basis.
Eternal Q2 FY27 Results
Shares of Eternal came into focus after the company reported its Q2 FY27 results.
Eternal Ltd., the parent company of Zomato and Blinkit, reported a 92% year-on-year increase in net profit to Rs 1,250 million for the quarter ended September 30, 2026, compared with Rs 650 million in the corresponding quarter of the previous year. The company had reported a net profit of Rs 920 million in the previous quarter.
The company's consolidated adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 197% year-on-year and 20% quarter-on-quarter to Rs 6,660 million.
Eternal's revenue from operations grew 78% year-on-year to Rs 241,380 million in Q2 FY27, compared with Rs 135,900 million in the corresponding period last year. Revenue from operations stood at Rs 202,110 million in the previous quarter.
On a like-for-like basis, revenue growth stood at 58% year-on-year, after adjusting for Blinkit's shift to an inventory ownership model last year, the company stated.
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