Asian markets traded mixed on Wednesday, following overnight losses on Wall Street amid fresh tariff comments from US President Donald Trump.

US stock market ended lower on Tuesday as investors weighed the impact of tariffs.

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

Data Source: Equitymaster

At present, the BSE Sensex is trading 61 points lower, and the NSE Nifty is trading 27 points lower.

Trent, Adani Port, and Bharti Airtel are among the top gainers today.

TCS, Infosys, and Tata Motors, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.7% lower, and the BSE Smallcap index is trading 0.8% lower.

Sectoral indices are trading negatively today, with stocks in the healthcare sector and the realty sector witnessing selling pressure.

The rupee is trading at Rs 87.0 against the US dollar.
 

Britannia Industries Profit Takes a Hit

Britannia Industries shares came in focus after the company reported its Q1 FY26 results.

Revenue from operations rose 3.6% sequentially to Rs 45.3 billion (bn), compared to Rs 43.7 bn in the previous quarter. Revenue increased from Rs 42.5 bn to Rs 46.2 bn on a year-over-year (YoY) basis.

Operating performance suffered, though, as margins dropped to a multi-quarter low of 16.4% and EBITDA dropped from Rs 8 bn in Q4 FY25 to Rs 7.6 bn.

The company's margin shrank due to high raw material cost and increased employee expenses. Urban demand was weak due to rising living costs, impacting sales.

Britannia Industries' net profit fell to Rs 5.2 bn in Q1 FY26, down 6.98% from the previous quarter, but slightly up from Rs 5.04 bn in the same quarter last year.

Britannia Industries MD said that the company's strategy to optimize existing outlets, improve store service, and boost efficiency led to 10% sales growth and strong growth in key states and bakery categories.

They also noted that with inflation easing, consumption has picked up in both the urban and rural areas, helping Britannia achieve double-digit growth again.
 

Torrent Power's Q1 Profit Drops Sharply

Shares of Torrent Power are in focus after the company posted its Q1 FY26 results.

Torrent Power's revenue dropped 12.48% to Rs 79.1 bn in Q1 FY26 from Rs 90.3 bn in Q1 FY25.

Revenue and profit declined mainly due to a 47% drop in power generation segment revenue, from Rs 36.7 bn to Rs 24.8 bn.

The power generation segment's profit before tax fell 50% to Rs 4.3 bn in Q1 FY26 due to the revenue decline.

Torrent Power's transmission and distribution segment revenue dropped 5.7% to Rs 65.3 bn in Q1 FY26 from Rs 69.3 bn in Q1 FY25.

Additionally, the company said that the Q1 revenue and profit were impacted by low power demand caused by an early monsoon and increased gas prices.

Renewable energy revenue grew to Rs 3.6 bn in Q1 FY26 from Rs 3.1 bn in Q1 FY25, showing modest growth.
 

NCC Shares Rise Despite Earnings Dip

Shares of NCC are in focus after the company posted its Q1 FY26 results.

Revenue from operations dropped 6.3% to Rs 51.7 bn from Rs 55.3 bn in Q1 FY25.

NCC's EBITDA fell 4.3% to Rs 4.6 bn from Rs 4.7 bn, with EBITDA margin remaining steady at 8.8% compared to 8.6% last year.

The company's Q1 EPS fell to Rs 3.03 from Rs 3.20 in the same quarter last year.

NCC's net profit fell 8.4% to Rs 1.9 bn in Q1 FY26 from Rs 2.1 bn in Q1 FY25.

NCC secured new orders worth Rs 36.6 bn in Q1 and its orderbook stands at Rs 700.8 bn as of 30 June 2025.

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