Asian markets traded mostly higher on Friday after a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.

US stock market ended lower on Thursday, with the Nasdaq Composite and the S&P 500 leading losses, dragged by technology stocks.

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

Source: Equitymaster
 

At present, the BSE Sensex is trading 173 points higher, and the NSE Nifty is trading 52 points higher.

Maruti Suzuki, Bajaj Finance, and ITC are among the top gainers today.

NTPC, Kotak Mahindra, and Tata Steel, 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 mixed today, with stocks in the power sector and healthcare sector witnessing selling pressure.

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

Hyundai Motors Q2 Results

Shares of Hyundai Motors India came into focus after the company reported its Q2 FY26 results.

In the second quarter, HMIL exported 51,400 units, representing a 21.5% year-over-year increase. This benefited the business, as domestic sales dropped 6.8% year over year to 139,521 units in the same quarter.

In the second quarter of FY26, the South Korean automaker's total revenue climbed 1.4% year over year to Rs 176.9 billion (bn).

The lower rates went into effect on 22 September 2025. Between 15 August and 21 September, car sales in India remained slow as buyers awaited the lower prices that would be offered starting on 22 September 2025.

Sales have increased significantly since 22 September 2025, according to the CEO, who also mentioned that HMIL's monthly retail sales increased by 20% during the September-October period when compared to the average monthly sales during January-August.

The consolidated net profit of Hyundai Motor India (HMIL) increased 14.3% year-on-year (Y-o-Y) to Rs 15.7 bn in the second quarter of 2025-26 (FY26) due to cost reduction and a significant jump in exports.
 

ITC Q2 Results

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

The company reported in a filing that its revenue for the July-September 2025 quarter decreased 1.3% YoY to Rs 212.5 bn. According to the filing, its operating revenue decreased slightly to Rs 212.5 bn from Rs 215.3 bn the previous year.

Meanwhile, the EBITDA was up 2.1% YOY at Rs 62.5 bn, while the margin rose 185 basis points on year to 35.1%.

Revenue from the agri business fell by 31.2% from last year to Rs 39.7 bn. The company said that sales of value-added agri exports were lower this quarter because customers delayed their orders due to uncertainty caused by US tariffs.

ITC Ltd reported a 2% rise in net profit to Rs 51.8 bn for the quarter ended 30 September 2025, compared to Rs 50.7 bn in the same period last year.
 

Swiggy Q2 Results

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

The company's operating revenue increased by 54.43% year over year to Rs 55.6 bn in Q2 of FY26, compared to Rs 36.1 bn in the same quarter of the previous fiscal year.

EBITDA showed a loss of Rs 7.8 bn for the quarter, as opposed to Rs 5.5 bn for the September quarter of FY25.

Swiggy's food delivery business grew steadily, with its gross order value (GOV) rising 18.8% year-on-year to Rs 85.4 bn. This growth came despite unstable market conditions and heavy rainfall, supported by strong competition and the expansion of its subscription programs.

Swiggy platform's average monthly transacting users (MTU) stood at 22.9 million, up by 34% YoY and 6.1% sequentially.

The quick commerce segment's average order value surged by approximately 40% YoY to Rs 6.9 bn, led by continued expansion of non-grocery selection and larger basket buying behaviour across user cohorts.

Swiggy's consolidated net loss widens to Rs 10.9 bn in the September quarter from Rs 6.2 bn in the year ago period.

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