After opening the day higher, the benchmark indices continued their downward momentum and ended the session in the red.

Indian equity market indices Sensex and Nifty settled lower, led by a fall in realty, IT, financial services, and consumer durable stocks, reflecting profit booking and cautious investor sentiment.

At the closing bell, the BSE Sensex closed lower by 150 points (down 0.2%).

Meanwhile, the NSE Nifty closed 29 points lower (down 0.1%).

Tata Steel, SBI, and Kotak Mahindra are among the top gainers today.

Trent, M&M, and Tech Mahindra, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  26,079, higher by 63 points at the time of writing.

The BSE MidCap index ended 0.1% higher, and the BSE SmallCap index ended 0.1% higher.

Sectoral indices are trading positively, mixed with stocks in the metal sector & the banking sector witnessed buying. Meanwhile, stocks in realty and oil & gas sectors witness selling pressure.

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

Gold prices for the latest contract on MCX are trading 2.3% lower at Rs 118,110 per 10 grams.

Meanwhile, silver prices were trading 1.9% lower at Rs 140,535 per 1 kg.
 

JK Tyre Q2 Results

In the news from auto sector, shares of JK Tyre jumped 7% after the company reported its Q2 FY26 results.

Its revenue climbed 10.8 per cent annually to Rs 40.1 billion (bn) versus Rs 36.2 bn in the same quarter last year.

Operating-wise, JK Tyre's EBITDA increased 23.8% year over year to Rs 5.2 bn in Q2FY26 from Rs 4.2 bn in Q2FY25.

In addition to increased operational efficiencies, the company clarified that better operational performance is a result of higher sales volumes along with softening raw material prices.

The EBITDA margin then increased by 140 basis points (bps) to 13% from 11.6% in the same quarter last year.

The tyre maker's net profit jumped 64% year-on-year to Rs 2.2 bn in Q2FY26, compared to Rs 1.3 bn in the same quarter last year.

JK Tyre's CMD, Raghupati Singhania, said the company delivered a strong performance in Q2FY26, driven by 15% growth in domestic volumes across all segments. Exports also rose 13% from the previous quarter, despite uncertainty over US tariff rates, reflecting the company's strong product quality, wider market reach, and new high-margin products.

He also said that GST 2.0 reforms are a positive move that will help boost demand and support economic growth.
 

KFin Technologies Q2 Results

Moving on to the news from finance sector, shares of KFin Technologies came into focus after the company reported its Q2 FY26 results.

KFin Technologies' operating revenue for the second quarter of FY26 was Rs 3.1 bn, an increase of 10.3% year over year (Y-o-Y).

While revenue from international and other investor solutions increased 26.1% year over year, core revenue growth increased 12.6%.

With a 43.9% EBITDA margin, the company reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 1.4 bn, representing a 7.2 percent year-over-year increase.

Profit after tax (PAT) rose 4.5% year-on-year to Rs 0.9 bn, with a PAT margin of 30.2%.
 

Adani Ports to Drive Maharashtra Maritime Growth

Moving on to the news from shipping sector, shares of Adani Ports came into focus after Maharashtra has received investment commitments of Rs 560 bn for its maritime sector, mainly from Adani Ports & SEZ and JSW Infrastructure, through 15 MoUs signed during India Maritime Week 2025 in Mumbai.

Adani Ports plans to invest Rs 425 bn to expand Dighi Port and nearby industrial facilities. This project aims to increase cargo capacity and improve transport connectivity along Maharashtra's 877-km coastline.

Chief Minister Devendra Fadnavis said the new agreements highlight Maharashtra's key role in driving India's maritime growth. He added that the MoUs show the state's commitment to building a stronger maritime and industrial ecosystem through major port and shipyard expansion projects.

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