Asian markets traded mostly lower on Friday, tracking overnight losses on Wall Street. Japan's Nikkei 225 declined 0.60% while the Topix declined 0.92%.

US stock market ended lower on Thursday, amid consolidation ahead of the third-quarter earnings season. Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

At present, the BSE Sensex is trading 133 points higher, and the NSE Nifty is trading 31 points higher.

ONGC, Trent, and NTPC are among the top gainers today.

Tata Steel, Hindalco, and Bajaj Finance, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading 0.3% higher.

Sectoral Indices are trading mixed today, with stocks in the metal sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the power sector and banking are witnessing buying speer.

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

TCS Q2 Results

Tata Consultancy Services (TCS), India's largest IT services company, beat revenue growth estimates for the second quarter of FY26, driven by strong international business performance and renewed demand from the banking and financial services sector-one of its key verticals.

Despite global uncertainties, the company's management said that based on client interactions and Q2 performance, international revenue growth in FY26 is expected to be stronger than in the previous year.

TCS reported a net profit of Rs 120.75 billion (bn) for Q2FY26, up 1.4% from Rs 119.09 bn in Q2FY25. Revenue stood at Rs 657.99 bn, reflecting a 2.4% year-on-year rise and a 3.7% sequential increase.

The total contract value (TCV) for the quarter reached US$10 bn, up from US$9.4 bn in Q1FY26 and US$8.3 bn in Q1FY25-marking a 20% year-on-year growth.

TCS also announced the acquisition of ListEngage, a company with deep capabilities in Salesforce. While deal details remain undisclosed, this marks TCS's first acquisition in over a decade.
 

Tata Motors Demerger Update

Tata Motors shares have come under pressure in recent sessions as investors turn cautious ahead of the company's demerger process. The stock has declined about 6.9% over the past five trading days, closing at Rs 669 per share on the BSE.
 

Market sentiment remains focused on the upcoming record dates and corporate actions linked to the restructuring.

• Demerger Overview

  The Tata Motors demerger officially came into effect on October 1, 2025, following the approved scheme of arrangement. Under this plan:

  The Commercial Vehicles (CV) business has been separated into a new entity, TML Commercial Vehicles Limited (TMLCV).

  The Passenger Vehicles (PV) business will remain within the existing company, which will be renamed Tata Motors Passenger Vehicles Limited.

• Share Entitlement

  The demerger follows a 1:1 share entitlement ratio, meaning shareholders will receive one fully paid-up share of Rs 2 in TMLCV for every share held in Tata Motors.

• Non-Convertible Debentures (NCDs) Transfer

  As part of the demerger, NCDs worth Rs 23 billion will be transferred to TMLCV. The record date for NCD holders is October 10, 2025, while the record date for shareholders to determine CV share entitlement is October 14, 2025.
   

NTPC Green Energy to Develop Solar Park

Expanding further their presence in Gujarat, NTPC Renewable Energy (NTPC REL), a wholly owned subsidiary of NTPC's Green Energy arm, informed on Thursday (October 9, 2025) that it has signed a memorandum of understanding with the western Indian state's government to develop solar parks and projects with a cumulative capacity of 10 GW and wind projects of 5 GW.

At present, NTPC REL has four solar energy projects with a cumulative capacity of 2.36 GW, three wind energy worth 354 MW and one hybrid energy project worth approx. 226 MW under varied stages of implementation in Gujarat.

NTPC Green Energy is the umbrella entity for NTPC's green business initiatives. As an entity, NTPC seeking to advance their green energy portfolio. It aspires to have 60GW capacity from renewable sources, constituting 45% of their overall power generation capacity, by 2032.

At present, its cumulative installed capacity, from both renewables and non-renewables, is more than 83 GW, with an additional 30.90 GW under construction.

This includes 13.3 GW from renewable sources. It is India's largest integrated power utility, providing for about one-fourth of its power requirements.

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