Asian markets traded lower on Friday, following overnight losses on Wall Street amid rising trade tensions.

US stock market ended lower on Thursday, weighed down by selling in financial stocks, and as emerging credit crisis and US-China trade tensions dampened investor risk-appetite.

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

Source: Equitymaster

At present, the BSE Sensex is trading 10 points higher, and the NSE Nifty is trading 20 points higher.

Asian Paints, ITC, and Tata Motors are among the top gainers today.

Eternal, HCL Tech, and Power Grid Corp, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% lower, and the BSE Smallcap index is trading 0.1% lower.

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

The rupee is trading at Rs 88.6 against the US dollar.
 

Infosys Q2 Results

Shares of Infosys came into focus after the company reported its Q2 FY26 results.

While growth in constant currency terms was 2.9% on-year and 2.2% sequentially, consolidated revenue increased 8.6% year-over-year to Rs 444.9 billion (bn). The operating margin was 21%, which was essentially unchanged from the previous year.

In despite of an uncertain macro environment, the company has maintained its operating margin band at 20-22% and reduced its FY26 revenue growth guidance to the lower end at 2-3% in constant currency.

Infosys delivered two quarters of strong growth, with 67% net new deal wins, reflecting its understanding of clients' AI priorities.

In keeping with its capital allocation policy, Infosys also announced a Rs 1880 bn share buyback during the quarter.

For the July-September quarter (Q2 FY26), Infosys Ltd. reported a 13.2% year-over-year increase in consolidated net profit to Rs 73.6 bn, driven by strong cash generation, stable deal momentum, and resilient margins.

Additionally, the business announced an interim dividend of Rs 23 per share, which represents a 9.5% rise over the prior year.
 

Wipro Q2 Results

Shares of Wipro came into focus after the company reported its Q2 FY26 results.

During the July-September period, Wipro's consolidated revenue from operations increased slightly by 2% to Rs 22,697-crore from Rs 22,302-crore during the same period last year.

Wipro's revenue is picking up, with growth in Europe and APMEA regions, while operating margins remain stable, said CEO of Wipro, adding that bookings exceeded $9.5 billion in H1 FY26.

Wipro expects its IT Services revenue to be between Rs 216.4 bn and Rs 220.7 bn, with a sequential growth of -0.5% to 1.5%.

Wipro won large deals worth Rs 238 bn in Q2. Total deal wins were Rs 390 bn, down 6.7% from last quarter but up 30.9% year-over-year.

Wipro's consolidated profit after tax rose 1.15% to Rs 32.4 bn for the quarter ended 30 June 2025, up from Rs 32.1 bn in the same period last year.
 

Tata Steel Inks 20-Year AWIPL Deal

Tata Steel announced that it and Air Water India Private Limited (AWIPL) had signed a long-term agreement for the upkeep and operation of the company's Air Separation Unit (ASU) in Jamshedpur.

The on-site facility can generate 1,800 tonnes of oxygen daily in addition to dry compressed air, nitrogen, and argon. The blast furnaces and steel melting shops owned by Tata Steel will be the main locations for the use of these gases.

According to a statement from the company, the unit is presently undergoing stabilisation and will be turned over to AWIPL the following month.

Tata Steel and Air Water India Private Limited have signed a 20-year contract for the operation and maintenance of Tata Steel's Air Separation Unit in Jamshedpur

The partnership is expected to enhance plant efficiency and operational excellence for many years to come by utilising AWIPL's vast worldwide experience in cryogenic operations, including remote operational support and maintenance insights from their Japanese facilities, the statement added.

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