After opening the day lower, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices Sensex and Nifty ended largely flat on Thursday after a volatile session, weighed by Sensex expiry, Q2 results, and mixed global cues.

At the closing bell, the BSE Sensex  closed higher by 12 points (up 0.7%)

Meanwhile, the NSE Nifty closed 3 points higher.

Asian Paints, ICICI Bank, and Bharti Airtel are among the top gainers today.

Eternal, M&M, and Tata Steel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,923, higher at the time of writing.

The BSE MidCap index ended 0.3% lower, and the BSE SmallCap index ended 0.3% lower.

Sectoral indices are trading mixed today, with stocks in the financial services sector and the healthcare sector witnessing selling pressure. Meanwhile, stocks in the services sector and telecommunications sector witnessed buying.

The rupee is trading at Rs 88.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% higher at Rs 127,640 per 14,776 grams.

Meanwhile, silver prices were trading 1.5% higher at Rs 164,499 per 1 kg.
 

Axiscades Q2 Results

In the news from defence sector, shares of Axiscades came into focus after the company reported its Q2 FY26 results.

In the second quarter of last year, revenue from operations increased by 13% to Rs 2.9 billion (bn) from Rs 2.6 bn.

In comparison to Q2 FY25, defence revenue rose 37%, aerospace revenue increased 16%, and ESAI (Electronics, Semiconductors, and Artificial Intelligence) revenue slightly decreased.

Axiscades reported that its consolidated net profit almost doubled to Rs 0.23 bn in the September quarter, supported by higher revenue. In the same quarter last year (July-September FY25), the company had earned Rs 0.12 bn in net profit.
 

Indraprastha Gas Shares Rise on Alliance

The news that Indraprastha Gas's board had approved a partnership with Saudi Arabia's MASAH Construction Company to jointly bid for licenses to build natural gas distribution networks throughout the Kingdom's industrial cities caused the share price to rise.

On 12 November 2025, Indraprastha Gas said its board approved a partnership with Saudi Arabia's MASAH Construction Company. The alliance will allow them to participate in the pre-qualification process to bid for licenses to build natural gas distribution networks in several industrial cities in Saudi Arabia.

Indraprastha Gas's operating revenue increased 8.9% year over year (Y-o-Y) to Rs 44.5 bn in Q2FY26 from 40.8 bn in Q2FY25. Conversely, the company's overall expenses increased 12.5% year over year to Rs 41.3 bn from Rs 36.7 bn.

The net profit of Indraprastha Gas fell 13.59% to Rs 3.7 bn in Q2FY26 from 4.3 bn in the same quarter of the previous fiscal year.
 

Cochin Shipyard Q2 Results

Moving on to the news from shipbuilding sector, shares of Cochin Shipyard came into focus after the company reported its Q2 FY26 results.

Revenue slipped 2.2% to Rs 11.2 bn from Rs 11.4 bn.

Operating margins fell precipitously to 6.6% from 17.3% a year earlier, while EBITDA fell 63% to Rs 0.7 bn from Rs 1.9 bn.

For the fiscal year 2025-2026, the company announced an interim dividend of Rs 4 per equity share of Rs 5 each (80%).

The interim dividend will be paid to eligible shareholders on or before 11 December 2025, with the record date set for 18 November 2025.

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