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 higher on Wednesday amid positive global cues and optimism ahead of the US Federal Reserve's policy decision. Additionally, reports that the US President could soon finalize a trade deal with India also boosted investor sentiment.

At the closing bell, the BSE Sensex closed higher by 369 points (up 0.4%).

Meanwhile, the NSE Nifty closed 117 points higher (up 0.4%).

NTPC, Power Grid Corp, and Adani Ports are among the top gainers today.

Bharat Elec, Eternal, and M&M, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  26,235 higher by 145 points at the time of writing.

The BSE MidCap index ended 0.7% higher and BSE SmallCap index ended 0.5% higher.

Baring auto sector all other sectoral indices are trading positive mixed with stocks in oil & gas and power sector witnessed buying.

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

Gold prices for the latest contract on MCX are trading 1.5% higher at Rs 121,500 per 10 grams.

Meanwhile, silver prices were trading 2.3% higher at Rs 147,695 per 1 kg.
 

Tata Capital Q2 Results

In the news from finance sector, shares of Tata Capital came into after the company reported its Q2 FY26 results.

The recently listed company reported its first earnings since going public. In Q2 FY26, its operating revenue increased by about 8% to Rs 77.3 billion (bn) In Q2 of FY25, the Tata Group company reported operating revenue of Rs 71.8 bn.

Tata Capital's expenses meanwhile grew around 10% YoY to Rs 62.4 bn.

The net profit margin decreased marginally from 14.97% in the same period last year to 14.18% during the reviewed quarter.

According to the company, unsecured retail asset quality has begun to show signs of improvement.

Notably, 11.6% of the company's gross loan book consists of retail unsecured loans.

Tata Capital announced that it earned a consolidated net profit of Rs 10.9 bn in the second quarter of FY2026.
 

TVS Motor Q2 Results

Moving on to the news from auto sector, shares of TVS Motor came into focus after the company reported its Q2 FY26 results.

Strong sales in both domestic and foreign markets drove a 29% increase in revenue from operations during the reporting quarter, from Rs 92.3 bn to Rs 119.2 bn. Sales of the company's electric vehicles also increased significantly.

EBITDA came in at Rs 15.1 bn for the second quarter, against Rs 10.8 bn in the corresponding quarter of last fiscal.

The company's EBITDA margin increased by 100 basis points year over year to 12.7% despite a significant increase in RM costs.

Total two- and three-wheeler sales, including exports, rose 23% to a record 15.07 lakh units in Q2 FY2026, up from 12.28 lakh units last year.

The export market stayed strong, with two-wheeler international sales rising 31% to 3.63 lakh units in Q2 FY2026, up from 2.78 lakh units in the same quarter last year.

The Chennai-based company's standalone net profit increased by 36.6% year over year to Rs 9.1 bn from Rs 6.6 bn during the same period the previous year.

The company launched four new products in the past three months, including the TVS Orbiter in the EV segment and the premium adventure bike TVS Apache RTX.
 

Mahindra Finance Q2 Results

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

Net interest income increased 14.6% Y-o-Y to Rs 22.8 bn from Rs 19.8 bn in Q2FY25.

While total disbursements increased 3% to Rs 135.1 bn, the company's loan book grew 13% year over year.

However, tractor disbursements increased 41% year over year, indicating strong performance in this market.

The lender's asset quality stayed stable, with Stage 3 loans at 3.9% and total Stage 2 and 3 loans at 9.7%. Credit cost for Q2 FY2026 was 2.2%.

Capital adequacy stayed strong at 19.5%, with Tier-1 capital at 16.9%. Provision coverage on Stage 3 loans was 53%, liquidity stood at Rs 85.7 bn, and collection efficiency remained steady at 96%.

The company reported a 45% year-on-year (Y-o-Y) rise in its net profit to Rs 5.6 bn in the second quarter of FY26 (Q2FY26), up from Rs 3.8 bn in the same period a year ago.

Mahindra Finance maintained its lead in tractor financing and stayed among the top NBFCs for vehicle loans.

It is expanding in SME lending, vehicle leasing via Quiklyz, and fee-based services like insurance and investments, supported by strong tech and analytics. Its non-vehicle finance portfolio grew 33% year-on-year, adding to its portfolio diversity.

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