Sensex Today Tanks 793 Points; Nifty Below 22,550

Asian markets were trading higher on Wednesday, tracking gains on Wall Street, as investors awaited the US Federal Reserve's interest rate decision later in the day.

US stock markets ended higher overnight, with the Dow Jones Industrial Average rising 0.03%, the S&P 500 gaining 0.60% and the Nasdaq Composite advancing 1.18%, supported by gains in semiconductor stocks.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	316.83	2.64	0.84%	320.07	313.58	404.44	267.17
Apple	347.1	3.19	0.93%	347.78	342.39	351.73	243.42
Meta	620.19	-10.37	-1.64%	628.46	619.21	779.82	520.26
Tesla	407.46	15.84	4.04%	408.45	395.25	498.82	297.38
Netflix	62.52	-1.38	-2.16%	63.87	62.48	116.73	62.48
Amazon	253.1	4.01	1.61%	254.68	248.71	287.16	196
Microsoft	531.33	-1.27	-0.24%	534.7	528.33	553.72	349.2
Dow Jones	52377.57	15.99	0.03%	52477.91	52231.84	54744.33	45057.28
Nasdaq	29651.44	378.04	1.29%	29719.63	29340.55	31361.37	22841.42

Source: Equitymaster

At present, the BSE Sensex is trading 793 points lower, and NSE Nifty is trading 206 points lower.

Larsen, SBI, Trent are the top gainers today.

Infosys, Tech Mahindra, TCS on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 0.01% lower and the BSE 250 SmallCap index is trading 0.01% higher.

Sectoral indices are trading on a mixed note today, with stocks in the oil & gas sector and IT sector witnessing selling pressure, while stocks in the auto sector and industrial sector are seeing buying interest.

The rupee is trading at Rs 95.1 against the US dollar.

L&T Q2 FY27 Results

Shares of Larsen & Toubro (L&T) came into focus after the company reported its Q2 FY27 results.

L&T reported a 32.5% year-on-year increase in net profit to Rs 52.02 billion in Q2 FY27, compared with Rs 39.26 billion in Q2 FY26.

Revenue grew 15.8% YoY to Rs 787.50 billion from Rs 679.83 billion.

EBITDA edged up 0.6% to Rs 68.45 billion from Rs 68.065 billion, while the EBITDA margin declined to 8.7% from 10% in the year-ago quarter.

Order inflows rose 27.5% YoY to Rs 1,500 billion, compared with Rs 1,200 billion in Q2 FY26.

Maruti Suzuki Q2 FY27 Results

Shares of Maruti Suzuki came into focus after the company reported its Q2 FY27 results.

Maruti Suzuki India Ltd reported a 26.4% year-on-year decline in consolidated net profit to Rs 24.66 billion in Q2 FY27, despite a 26% increase in revenue from operations to Rs 533.56 billion.

The country's largest passenger carmaker achieved record quarterly sales volumes, but profitability was impacted by higher commodity costs linked to the West Asia conflict and mark-to-market losses on invested surplus.

Operating profit (EBIT) declined 17.1% YoY to Rs 28.04 billion in Q2 FY27 from Rs 33.82 billion in Q2 FY26, although it increased 10.8% sequentially compared with the April-June quarter.

The company attributed the year-on-year decline in operating profit primarily to elevated commodity costs, while non-operating income was adversely affected by mark-to-market losses on investments.

Quarterly Sales

Maruti Suzuki India Ltd achieved its highest-ever quarterly sales volume of 696,654 vehicles in Q2 FY27, registering a 26.5% year-on-year increase.

Domestic passenger vehicle demand remained strong, with small car sales rising 35.9% and SUV sales surging 68.2%, supported by a favourable response to recently launched models.

The company's domestic passenger vehicle market share increased by 2.2 percentage points. Recent capacity additions helped cater to rising demand; however, supply continued to lag demand, keeping network inventory low at approximately 17 days, while pending bookings stood at around 200,000 vehicles at the end of September.

In international markets, exports declined marginally to 108,119 vehicles from 110,487 vehicles in the corresponding quarter last year, amid challenging geopolitical conditions.