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, closed lower on Tuesday, amid broad-based selling and Nifty F&O expiry.

At the closing bell, the BSE Sensex closed lower by 297 points (down 0.3%).

Meanwhile, the NSE Nifty closed 81 points lower (down 0.3%).

Tech Mahindra, HUL, and CICI Bank are among the top gainers today.

Tata Motors, Bajaj Finance, and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,185, lower by 121 points at the time of writing.

The BSE MidCap index ended 0.8% lower, and the BSE SmallCap index ended 1% lower.

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

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

Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 125,590 per 10 grams.

Meanwhile, silver prices were trading 2.1% higher at Rs 157,964 per 1 kg.
 

Landmark Cars Soars 11% on Q2 Results

In the news from auto sector, shares of Landmark cars surged 11% after the company reported a strong September quarter business update, with the total revenue from operations, including agency sales, rising over 30%.

The total operating revenue of Landmark Cars, including agency sales, increased to Rs 16.5 billion (bn), up 30.5% year over year (Y-o-Y) from Rs 12.7 bn in Q2FY25.

Revenue sequentially rose from Rs 14.2 bn in Q1FY26 by 17%. Total revenue for FY2026's first half was Rs 30.7 bn, up 26.3% from H1FY25's Rs 24.3 bn.

In Q2FY26, vehicle sales, including agency and pre-owned vehicle sales, totalled Rs 14 bn, up 18.9% Q-o-Q and 35% Y-o-Y. Vehicle sales for H1FY26 increased 30.1% to Rs 25.8 bn from Rs19.8 bn in the previous year.

In Q2FY26, after-sales service, spare parts, and other revenues totalled Rs 2.5 bn, up 7.2% sequentially and 10% year-over-year. This brought H1FY26 revenue in this segment to Rs 4.8 bn, a 9% increase over H1FY25.

Landmark Cars achieved its fastest quarterly growth since listing, with over 30% year-on-year growth, driven by new outlets and strong Navratri demand. The company expects to reach its historical growth rate in after-sales services this financial year.

The company is strengthening its partnership with Mahindra by opening a sales outlet in Hyderabad and launching small KIA outlets in Hyderabad and Kolkata, expected to be operational by November.
 

KEC International Bags Huge Orders Now

Moving on to the news from engineering sector, The RPG Group company KEC International Ltd, announced that it has secured new orders totalling Rs 11.7 bn for Transmission and Distribution (T&D) projects in the Middle East and India.

The company was able to secure projects such as a 380 kV transmission line project in Saudi Arabia and an 800 kV HVDC and 765 kV transmission line in India.

KEC International's MD & CEO said the company is delighted with the recent series of significant order wins in its T&D business, including a prestigious HVDC transmission line order from a private developer in India.

The large order in Saudi Arabia has strengthened KEC's leadership in the Middle East T&D market. With these new orders, the company's year-to-date order intake is around Rs 140 bn which will drive future growth.

KEC International operates across multiple verticals, including Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables & Conductors, with a presence in over 110 countries.
 

Elecon Engineering Shares Decline on Q2 Results

Moving on to the news from engineering sector, shares of Elcon Engineering dropped 4% after the company reported a mixed set of results for the second quarter of financial year 2025-26 (Q2FY26).

The company reported total income of Rs 5.9 bn for the reviewed quarter, which is 14.8% more than the Rs 5.2 bn for the same period last year.

During the reported quarter, Elecon's profit after tax (PAT) stayed at Rs 0.9 bn.

EBITDA increased 11.9% year over year (Y-o-Y) to Rs 1.3 bn from Rs 1.1 bn in the previous quarter.

Elecon reported Rs 6.8 bn in order-in-take for the quarter, a 28% year-over-year increase.

Additionally, the company announced an interim dividend of Rs 0.5 per share. The dividend will be paid by 3 November 2025, and the record date for determining the shareholders' eligibility will be 16 October 2025.

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