Asian markets traded higher on Wednesday, following an overnight rally on Wall Street.

US stock market ended higher on Tuesday, with all three major US stock indexes posting record closing highs again, led by gains in technology stocks.

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

Source: Equitymaster

At present, the BSE Sensex is trading 142 points higher, and the NSE Nifty is trading 60 points higher.

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

M&M, Bajaj Finance, and Axis Bank, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading 0.1% higher.

Sectoral indices are mixed today, with stocks in the oil & gas sector and the metal sector witnessing buying. Meanwhile, stocks in the auto sector and financial services witnessed selling pressure.

The rupee is trading at Rs 87.6 against the US dollar.
 

Adani Green Energy Q2 Results

Shares of Adani Green Energy came into focus after the company reported its Q2 FY26 results.

Consolidated revenue dipped by 4% year-on-year to Rs 32.4 billion (bn).

Its power supply revenue increased by 20% year over year to Rs 27.7 bn.

Revenues from the sale of goods, which includes money earned through the contractual development of renewable energy plants for third parties, fell by more than 90% to just Rs 0.5 bn.

Its margins were improved by the smaller contribution from engineering, procurement, and construction (EPC) work, which typically has a lower margin.

EBITDA rose 9% on-year to Rs 28.4 bn. EBITDA margin improved by nearly 11 basis points to 87.5%.

The company's second-quarter profit was 25% higher than a year ago at Rs 6.4 bn.

Adani Green Energy Ltd, India's largest renewable energy company by capacity, added 2.4 gigawatts (GW) of additional capacity during the first half of 2025-26, with about 900 megawatts (MW) of it coming during the September quarter.
 

Oil India Eyes Stake in BPCL Refinery

Bharat Petroleum Corp. is exploring to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd.

According to a statement released by Bharat Petroleum (BPCL) on Tuesday, the companies will also assess the potential for Oil India (OIL) to acquire a minority equity stake in the proposed project as part of their memorandum of understanding (MoU).

The Rs 1,000 bn refinery project will have a capacity of 9-12 million tonnes a year. Work has begun, with 6,000 acres near Ramayapatnam Port secured and key approvals from the Andhra Pradesh government in place. The refinery is expected to start operations by FY30.

BPCL's chairman and managing director, Sanjay Khanna, said the partnership is an important step toward developing top-quality refining and petrochemical facilities in southern India.

He added that by working with Oil India, both companies are bringing together their strengths to build a large, sustainable, and strategically important project.
 

Jindal Steel Q2 Results

Shares of Jindal Steel came into focus after the company reported its Q2 FY26 results.

According to the stock filing, its total operating revenue increased 4.21% to Rs 116.5 bn in the reported quarter compared to Rs 112.1 bn in the same period last year. From April to June, the total revenue was Rs 122.9 bn.

In the July-September quarter, Jindal Steel's production was 2 million tonne (MT) and sales were 1.87 MT, both lower than the previous quarter. However, exports rose to 10% from 7%, and value-added steel reached a record 73% of total sales.

At the end of the July-September quarter, the company's total debt fell to Rs 141. bn from Rs 144 bn in June 2025. Its capital spending for the quarter was Rs 26.9 bn, mainly for expansion projects at the Angul facility in Odisha.

The company a 26.2% drop in consolidated net profit at Rs 6.4 bn in the second quarter of current financial year, compared to Rs 8.6 bn in the same period of previous financial year.

More By This Author: