Sensex Today Trades Higher; Nifty Below 24,650

Asian markets traded mixed on Tuesday, as investors weighed Wall Street's rebound against lingering concerns over tensions in West Asia and uncertainty about the sustainability of the AI-led market rally.

US stock futures edged higher on Monday night after Wall Street posted strong gains during the regular session, supported by easing oil prices and a rally in leading technology stocks.

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

Source: Equitymaster

At present, the BSE Sensex is trading 183 points higher, and NSE Nifty is trading 146 points lower.

Hindalco, Trent and Bharat Electronics are among the top gainers today.

Bajaj Auto, Titan and Infosys, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.5% higher, and the BSE 250 SmallCap index is trading 0.7% higher.

Sectoral indices are trading mixed today, with stocks in the IT sector and insurance sector witnessing selling pressure. Meanwhile, stocks in the capital goods and metal sectors witnessed buying.

The rupee is trading at Rs 95.3 against the US dollar.

SBI Funds Management Q1FY27 Performance

Shares of SBI Fund Management came into focus after the company reported its Q1 FY27 results.

SBI Funds Management reported a 3.7% year-on-year growth in consolidated net profit for the June quarter, supported by continued domestic mutual fund inflows. This was the company's first earnings announcement after its stock market debut in July.

The asset manager posted a consolidated net profit of Rs 8.8 billion (bn) for the quarter ended June 30, compared with Rs 8.49 bn in the same period last year.

Consolidated revenue from operations increased nearly 15% year-on-year to Rs 11.53 bn. However, a significant decline in other income, which fell to Rs 2.37 bn, partially offset the growth in operating revenue.

SBI Funds Management continued to see strong growth in its systematic investment plan (SIP) assets under management. SIP AUM increased 15% year-on-year to Rs 200 bn as of June 30, giving the company a 12.3% market share.

The company's customer base grew 12% year-on-year to 18.2 million investors, while total live folios increased 14% to 22 million.

IREDA Q1 FY27 Performance

Indian Renewable Energy Development Agency (IREDA) reported a mixed performance for Q1 FY27, with profitability improving on a year-on-year basis but declining sequentially due to higher finance costs and increased provisions.

The state-owned renewable energy financier reported a net profit of Rs 3.39 bn for the quarter ended June 2026, marking a 37.1% year-on-year increase compared with Rs 2.47 bn in the same quarter last year.

However, on a sequential basis, net profit declined 31.3% from Rs 4.93 bn reported in Q4 FY26.

Revenue from operations stood at Rs 22.49 bn in Q1 FY27, growing 15.5% year-on-year from Rs 19.48 bn in the corresponding period last year.

While business growth remained steady, higher borrowing costs and increased provisioning impacted quarterly profitability.

DLF Q1 FY27 Performance

DLF Ltd reported a mixed performance for Q1 FY27, with consolidated net profit increasing year-on-year despite a decline in revenue due to delayed project launches.

The real estate major posted a consolidated net profit of Rs 7.94 bn for the quarter ended June 2026, registering a 4% year-on-year increase compared with Rs 7.63 bn in Q1 FY26.

However, consolidated revenue declined 46% year-on-year to Rs 16.06 bn during the April-June quarter, compared with Rs 29.81 bn in the same period last year.

New sales bookings during Q1 FY27 stood at Rs 6.57 bn, impacted by the timing of planned project launches. The company stated that upcoming projects are well positioned for market introduction and approvals are expected soon.

DLF reported gross margins of 51%, while EBITDA stood at Rs 4.76 bn for the quarter.

The company highlighted that the lower sales bookings were primarily due to deferred launches rather than a change in market demand.