Asian markets traded higher on Tuesday after the US-China trade truce extension overnight.

US stock market ended lower on Monday as investors eyed US-China trade developments.

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

Source: Equitymaster

At present, the BSE Sensex is trading 223 points higher, and the NSE Nifty is trading 68 points higher.

Titan Company, Tech Mahindra, and TCS are among the top gainers today.

Eternal, Bharat Elec, and ICICI Bank, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% lower, and the BSE Smallcap index is trading 0.2% higher.

Sectoral indices are trading mixed today, with stocks in the realty sector and the healthcare sector witnessing selling pressure. Meanwhile oil & gas sector and the media sector were witnessing buying.

The rupee is trading at Rs 87.7 against the US dollar.
 

IHCL Acquires Stakes in Two Hotels

IHCL, a Tata Group hospitality firm, has approved acquiring controlling stakes in ANK Hotels and Pride Hospitality for Rs 2.04 billion (bn).

For a maximum of Rs 1.1 bn, IHCL has signed a shareholders' agreement and a share subscription and purchase agreement to acquire a roughly 51% equity stake in ANK Hotels Private Limited.

ANK Hotels has 111 midscale hotels in its portfolio (67 of which are currently open) and operates and manages hotels under the Clarks Hotels & Resorts brand. In FY25, the company's reported turnover was Rs 0.1 bn.

In a comparable manner, IHCL has signed a shareholders' agreement and a share subscription agreement to purchase a roughly 51% equity stake in Pride Hospitality Private Limited for a maximum of Rs 0.9 bn.

In keeping with its asset-light growth strategy, both deals are intended to increase IHCL's geographic reach throughout India's midscale market.

The acquisitions, set to finish by 15 November 2025, will significantly boost IHCL's portfolio, adding Clarks Hotels' 135 properties and Pride Hospitality's midscale presence.
 

Tilaknagar Industries Q1 Profit Jumps on Growth

Shares of Tilaknagar Industries came in focus after the company reported its Q1 FY26 results.

Operating revenue increased by 30.7% to Rs 4.1 bn from Rs 3.1 bn year-over-year.

Operating-wise, EBITDA increased by 89% to Rs 0.9 bn in the first quarter compared to Rs 0.5 bn in the previous year.

Compared to 16% in Q1FY25, the EBITDA margin increased 700 basis points to 23.1%.

Tilaknagar Industries Limited's net profit jumped 121.25% to Rs 0.88 bn in Q1 FY26, compared to Rs 0.4 bn in the same period last year

The company stated that to increase its current bottling capacity, its board has authorised a capital expenditure of Rs 0.25 bn for Prag Distillery (P) Ltd, its wholly owned subsidiary.

Prag's current capacity will be increased by the project from roughly six lakh cases annually to 36 lakh cases annually, which is an incremental addition of roughly 30 lakh cases. Almost all the available capacity is being used.

The company will complete the Rs 0.25 bn capacity expansion within 12 months, funded by its holding company, to meet growing demand in Andhra Pradesh.
 

Bata India's Q1 Profit Plummets Sharply

Shares of Bata India came in focus after the company reported its Q1 FY26 results.

In the quarter under review, the company's operating revenue dropped 0.29% to Rs 9.42 bn from Rs 9.45 bn in the first quarter of FY25 but otherwise stayed relatively stable.

Operationally, Bata's EBITDA increased 7.7% year over year to Rs 1.9 bn in Q1FY26 from Rs 1.8 bn in the same period last year.

In the reporting quarter, its EBITDA margin increased from 19.54% in Q1FY25 to 21.11%.

Bata India's Q1 net profit fell 70.13% to Rs 0.5 bn compared to the same quarter last year.

Bata India's holding company sold a freehold industrial land to an unrelated party for Rs 1.5 bn, with the sale deed executed and payment received, resulting in a gain of Rs 1.3 bn.

The CEO of Bata India, said the quarter faced challenges due to weather and geopolitical issues, but the company pushed affordability initiatives to boost sales.

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