Asian markets traded mixed on Thursday, following an overnight choppy session on Wall Street after Fed policy, and as investors await Bank of Japan's policy decision.

US stock market ended Wednesday's choppy session mixed, after the Federal Reserve kept the interest rate unchanged and as Chair Jerome Powell dampened expectations of a rate cut in the September meeting.

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

Source: Equitymaster

At present, the BSE Sensex is trading 537 points lower, and the NSE Nifty is trading 156 points lower.

Eternal, Power Grid Corp, and HUL are among the top gainers today.

M&M, Reliance Industries, and Bharti Airtel, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.6% lower, and the BSE Smallcap index is trading 0.6% lower.

Sectoral indices are trading mixed today, with stocks in the metal sector and the power sector were witnessed buying. Meanwhile, stocks in oil & gas sector and auto sector witnessing selling pressure.

The rupee is trading at Rs 87.0 against the US dollar.
 

Tata Steel Q1 Profit Surges Despite Revenue Drop

Tata Steel shares are in focus after the company reported its Q1 FY26 results.

Revenue fell 2.9% to Rs 531.7 billion (bn) compared to Rs 547.7 bn in the same period last year.

Tata Steel's India business delivered a robust performance with EBITDA of Rs 74.8 bn in the June quarter. The EBITDA margin for the India business stood at 24%. The company said EBITDA per ton improved to Rs 15,760, up by Rs 2,510 compared to the previous quarter.

Maintenance shutdowns had a minor effect on Tata Steel's output and deliveries, but regular business is expected to soon resume. 5.24 million tonnes were produced, and 4.75 million tonnes were delivered.

Tata Steel's net profit surged 116% to Rs 20.7 bn despite a slight drop in revenue and weak European operations.

The purchase of a 26% equity stake in TP Adarsh Limited (TPAL), a fully owned subsidiary of Tata Power Renewable Energy, was authorised by Tata Steel. Up to Rs 0.01 bn will be invested in cash over one or more installments.
 

Indraprastha Gas Q1 Profit Falls

Indraprastha Gas Ltd shares are in focus after the company reported its Q1 FY26 results.

Revenue increased 11.2% YoY from Rs 38.8 bn in Q1 FY25 to Rs 43.3 bn in Q1 FY26.

In terms of operations, the company's EBITDA decreased by 12% year over year to Rs 5.1 bn for the quarter that ended in June 2025 from Rs 5.8 bn during the same period the previous year.

On a year-over-year basis, however, EBITDA margins dropped precipitously from 17% to 13%.

Overall, volumes increased by 6% to 830.87 million SCM during the quarter. Natural gas sales remained steady, but most of categories like CNG and PNG saw improvements. LNG volumes, however, dropped by 56%.

Indraprastha Gas Ltd.'s net profit declined by 11% to Rs 4.3 bn in Q1 FY26, down from Rs 4.8 bn in the same quarter last year.

ITD Cementation Announces Q1 Results

ITD Cementation shares are in focus after the company reported its Q1 FY26 results.

Revenue for the quarter increased by 7% to a record high of Rs 25.4 bn compared to Rs 23.8 bn during the same period last year.

EBITDA increased 5.2% to Rs 2.3 bn for the quarter from Rs 2.2 bn in the first quarter of FY25. Compared to 9.3% in the same quarter of the prior fiscal year, the EBITDA margin stayed largely steady at 9.1%

ITD Cementation India Ltd achieved its highest-ever quarterly net profit of Rs 1.3 bn in Q1 FY26, marking a 37% increase from the same period last year.

In terms of operations, the business received new orders during the quarter totalling over Rs 29 bn. As of 30 June 2025, ITD Cementation's consolidated order book had grown to Rs 188.2 bn.

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