After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices, Sensex and Nifty, ended Tuesday's trading session in positive territory, buoyed by buying across sectors.

At the closing bell, the BSE Sensex closed lower by 447 points (up 0.5%).

Meanwhile, the NSE Nifty closed 140 points higher (up 0.6%)

Reliance Industries, Asian Paints, Tand ata Motors are among the top gainers today

TCS, Axis Bank, and Titan Company, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,83,9, higher by 130 points at the time of writing.

The BSE MidCap index ended 0.8% higher, and the BSE SmallCap index ended 1.1% higher.

Sectoral indices are trading positively today, with stocks in the realty sector and telecommunication witnessing buying.

The rupee is trading at Rs 86.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 97,900 per 10 grams.

Meanwhile, silver prices were trading 0.3% higher at Rs 113,420 per 1 kg.
 

Torrent Pharma's Q1 Revenue Soars High

In the news from pharma sector, shares of Torrent Pharma surges 2% after the company posted its Q1 FY26 results.

Torrent Pharma's Q1 revenue grew 11% to Rs 31.7 billion (bn) from Rs 28.6 bn last year.

EBIDTA climbed 14% to Rs 10.3 bn from Q1 FY25's Rs 9.04 b, which includes a Rs 0.2 bn acquisition linked to one-time expenses. The operating EBITDA is 32.5%, and the gross margin is 76%.

The pharmaceutical company's profit after taxes (PAT) increased by 20% to Rs 5.5 bn from Rs 4.6 bn in the same period.

Torrent Pharma's India revenue rose 11% to Rs 1,811 crore, driven by strong performance in key therapies. Its chronic business grew 13%, outpacing the 9% growth of the Indian pharma market. Notably, 21 Torrent brands are among the top 500 in the market, with 14 brands each selling over Rs 1 bn.

Torrent's international revenues also saw significant growth this quarter with Brazil's revenues up 11% to Rs 2.2 bn, Germany's revenues up 9% to Rs 3.1 bn, and the US's revenues up 19% to Rs 3.1 bn.

With 62 additional products undergoing review by the Brazil Health Regulatory Agency, Torrent's growth in Brazil was facilitated by the success of its top brands and new releases.

While Torrent's recent launches in the US market have achieved targeted market shares, growth in Germany was impacted by a third-party supplier's disruption of supply.
 

Mazagon Dock Q1 Profit Drops

Moving on to the news from defence sector, shares of Mazagon Dock dropped 5% after the company reported its Q1 FY26 results.

At the highest level, its operating revenue in Q1FY26 was Rs 26.3 bn, up 11.4% from Q1FY25's Rs 23.5 bn, but 26% less than the Rs 31.7 bn recorded in Q4FY25.

The company reported an EBITDA of Rs 3 bn, a 53.11% year-over-year decrease from Rs 6.4 bn in the same quarter last year. In addition, the EBITDA margin dropped significantly from 27.23% in Q1FY25 to 11.46% in Q1FY26.

Although the subcontracting and employee benefit costs were lower than in the March quarter, they were still higher year over year. The company's subcontracting expenses increased from Rs 1.7 bn to Rs 1.9 bn in the same period last year, while employee costs were Rs 2.5 bn in Q1, 10% higher YoY.

Mazagon Dock's Q1 net profit fell 35% to Rs 4.5 bn compared to last year but was higher than the previous quarter. The decline was due to a significant increase in provisions, employee expenses, and procurement costs.
 

Waaree Energies Q1 Profit Soars 89%

Moving on to the news from renewable energy sector, shares of Waaree Energies jumps 6% after the company announced its Q1 FY26 results.

Revenue from the EPC segment increased 160.50% YoY to Rs 5.8 bn in Q1FY26, while revenue from solar PV modules increased to Rs 38.7 bn from Rs 31.8 bn in Q1 FY25.

The company's consolidated revenue from operations increased 31.48% year over year at Rs 45.9 bn.

In terms of operations, EBITDA increased 82.61% year over year to Rs 11.7 bn, and EBITDA margins increased by 712 basis points to 25.42%.

Waaree Energies' net profit jumped 89% to Rs 7.4 bn in Q1 compared to Rs 3.9 bn last year.

Waaree Energies' profit grew due to increased solar module sales and production. They made a record 2.3 GW of modules in Q1 FY26.

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