Sensex Today Trades Lower; Kalyan Jewellers Down 6%

Asian markets traded lower on Wednesday, following overnight losses on Wall Street, amid concerns over higher oil prices and the ongoing Middle East conflict.

US stock market ended mixed on Tuesday, with the S&P 500 and the Nasdaq easing from record highs, amid profit booking after hotter-than-expected inflation data.

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

Source: Equitymaster

At present, the BSE Sensex is trading 111 points lower, and the NSE Nifty is trading 18 points lower.

Asian Paints, Tata Steel, and Kotak Mahindra are among the top gainers today.

NTPC, Infosys, and SBI, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.3% higher, and the BSE 250 SmallCap index is trading 0.5% higher.

Sectoral indices are trading mixed today, with stocks in the auto sector and the banking sector witnessing selling pressure. Meanwhile, stocks in the metal sector and the services sector witnessed buying.

The rupee is trading at Rs 95.6 against the US dollar.

Tata Power Q4 FY26 Results

Shares of Tata Power are in focus today after the company reported itsQ4 FY26 results.

Revenue from operations fell around 13% YoY to Rs 14.9 billion (bn), while total expenses declined 8%.

Consolidated net profit for Tata Power declined to Rs 1.0 bn from Rs 1.04 bn a year earlier, primarily due to a 39% drop in profit from the hydro and thermal power segments.

The company's 4 GW imported coal-fired plant in Gujarat, which had remained shut since August last year after the government withdrew emergency compensation for power generated using costly imported coal, resumed operations in April.

Domestic coal continued to remain a more economical option as disruptions in liquefied natural gas supplies and lower gas-based power generation are expected to increase dependence on coal-fired power generation.

Torrent Power Q4 FY26 Results

Shares of Torrent Power came into focus after the company reported its Q4 FY26 results.

Revenue from operations slipped 0.8% YoY to Rs 64.1 bn from Rs 64.6 bn.

Torrent Power reported a 70% YoY decline in consolidated net profit to Rs 3.18 bn for the quarter ended March 2026, compared with Rs 10.60 bn in the corresponding quarter last year.

For FY26, the company's net profit declined 19.1% to Rs 24.2 bn versus Rs 29.9 bn in FY25.

Annual revenue also edged lower by 0.7% to Rs 289.7 bn, compared with Rs 291.7 bn in the previous financial year.

Nazara Technologies Q4 FY26 Results

Shares of Nazara Technologies came into focus after the company reported its Q4 FY26 results.

Nazara Technologies reported a strong improvement in profitability for Q4FY26, with consolidated net profit rising nearly threefold YoY to Rs 0.47 bn from Rs 0.16 bn in Q4FY25, supported partly by a sharp increase in other income. On a sequential basis, profit surged almost fivefold from Rs 0.10 bn in Q3FY26.

Revenue from operations, however, declined 23.5% YoY to Rs 3.98 bn in Q4FY26, compared with Rs 5.20 bn a year earlier. Sequentially, revenue slipped 2% from Rs 4.06 bn reported in Q3FY26.

Other income rose significantly to Rs 0.51 bn during the quarter, up from Rs 0.19 bn in Q4FY25 and Rs 0.11 bn in the preceding quarter.

Meanwhile, total expenses declined 28.8% YoY to Rs 3.75 bn from Rs 5.28 bn and were down 6.7% sequentially from Rs 4.02 bn in Q3FY26.