Asia markets are trading mixed on Friday, following overnight gains on Wall Street.

US stock market ended higher on Thursday, with the S&P 500 stock index and the Nasdaq Composite both finishing at record highs on strong economic data and earnings reports.

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

Source: Equitymaster

At present, the BSE Sensex is trading 165 points lower and NSE Nifty is trading 38 points lower.

Power Grid Corp, Tata Steel, M&M among the top gainers today.

Axis Bank, Bharti Airtel, and Kotak Mahindra, on the other hand, are among the top losers today.

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

Sectoral indices are trading mixed today with stocks in metal sector and realty sector were witnessed buying. Meanwhile stocks in telecom sector and financial services sector witnessing selling pressure.

The rupee is trading at Rs 86.0 against the US dollar.
 

Axis Bank Q1 Profit Drops 4%

Axis Bank's net profit dropped 3.8% to Rs 58.1 billion (bn) compared to the same period last year. It also fell 18% compared to the previous quarter.

The bank's operating profit for the quarter was Rs 115.1 bn, up 14% from the previous year. In Q1FY26, operating costs increased by 2% year over year (YoY).

The net interest income (NII) increased slightly by 0.8% to Rs 135.6 bn in the current quarter compared to the Rs 134.4 bn reported in the previous quarter.

The bank's Net Interest Margin (NIM) was 3.8% in the April-June quarter, compared to 3.9% in the previous quarter.

In the most recent quarter, Axis Bank's net non-performing assets (NPAs) increased from 0.3% to 0.5%, while its gross NPAs increased from 1.3% to 1.6%.

The total deposits increased by 9% YoY to Rs 116,100 bn with 9% growth in current account deposits, 3% growth in savings account deposits, and 12% growth in term deposits. At the end of Q1FY26, CASA deposits accounted for 40% of total deposits.

As of June 30, 2025, the Bank's advances increased by 8% YoY and 2% quarter-over-quarter to Rs 105,900 bn. Retail loans made up 59% of the Bank's net advances and increased 6% YoY to Rs 62,300 bn.

72% of the bank's retail portfolio consisted of secured retail loans. Home loans, which made up 27% of retail loans, loans secured by real estate (up 21%), and small business banking (up 15%) were the main growth areas. Credit card advances increased by 2%, but personal loans and rural loans both increased by 5%.
 

Wipro's Q1 Net Profit Jumps 10%

The fourth-largest IT company in India, Wipro, released its Q1 results. The net profit was Rs 33.4 bn, which was up 10% from the previous year but down 7% from the previous quarter.

Wipro's revenue was Rs 221.3 bn, up from Rs 219.6 bn in the same quarter last year.

The company's EBIT margin rose 80 basis points to 17.3% due to operational efficiencies and cost control. For Q2, the company expects IT Services revenue to be Rs 220.5 bn to Rs 224.6 bn, with a sequential growth of -1% to 1%.

Wipro announced a dividend of Rs 5 per share. The record date to determine eligible shareholders is 28 July 2025, and the dividend will be paid by 15 August 2025.
 

CEAT'S Q1 Profit Drops 28% Sharply

Despite revenue growth, CEAT's Q1 earnings showed a 27.7% decline in net profit to Rs 1.1 bn from Rs 1.5 bn the previous year.

The company's revenue increased 10.5% to Rs 35.3 bn, driven by strong OEM and replacement sales.

EBITDA increased 1.3% to Rs 3.8 bn, but higher marketing costs caused margins to drop to 11%.

The company saw a strong domestic demand and good volume growth in OEM and replacement markets. However, due of economic difficulties, its foreign business remained stagnant.

With a focus on Passenger Car Utility Vehicles (PCUV), CEAT intends to invest Rs 4.5 bn to expand its Chennai plant, increasing production capacity by 35%. Currently, the plant produces 70 lakh tires a year.

The company plans to complete the expansion by FY27, funded through internal funds and debt.

To meet demand, they intend to expand capacity and anticipate significant growth in the PCUV segment. According to the MD, they are expanding well, driven by OEM and replacement sales and are well-positioned to gain from trends towards premiumization and electrification.

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