Asian markets traded lower on Friday, tracking overnight losses on Wall Street, weighed down by a sell-off in technology stocks.

US stock market ended sharply lower on Thursday as investors scaled back expectations of interest rate cuts due to inflation.

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

Source: Equitymaster

At present, the BSE Sensex is trading 259 points lower, and the NSE Nifty is trading 84 points lower.

Asian Paints, Trent, Bharat Elec are among the top gainers today.

Infosys, Tech Mahindra, and ITC, on the other hand, are among the top losers today.

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

Sectoral indices are mixed today, with stocks power sector and the telecommunication sector witnessing buying. Meanwhile, stocks in the media sector and the metal sector witnessed selling pressure.

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

LG Electronics Q2 Results

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

Revenue from operations during the reporting quarter stood at Rs 61.7 billion (bn), registering a modest growth of 1% year-on-year, while sequentially it was down 0.7% from Rs 62.6 bn in the previous quarter.

Because consumers delayed spending until late September, when a broad-based consumption tax reduction went into effect, lowering prices on everything from soaps to electronics, the company's revenue performance was modest.

Its cooling appliances division was impacted by early rains and lower temperatures, despite a sharp reduction in prices following the cut in indirect taxes.

At the operating level, its EBITDA was approximately Rs 5.4 bn, which translates to an EBITDA margin of 8.9%. This contrasts with Q2FY25, when it was Rs 7.5 bn, with a margin of 12.4%. This suggests that higher input and operating costs are putting some pressure on profitability.

Despite steady revenue growth, operating margins were compressed by high material costs and other overheads, which drove a 3% year-over-year increase in total expenses to Rs 57.3 bn.

The company reported a 27.3% year-on-year decline in net profit to Rs 3.8 bn in Q2, compared to Rs 5.4 bn in the same period last year.
 

NBCC Secures New Order

Shares of NBCC came into focus today after the state-owned construction major announced a sizeable new order win.

The Navratna CPSE said it has secured a contract worth around Rs 3.4 bn.

The Central University of Kashmir has issued a work order for the construction of the Central University of Kashmir (Phase-I works) in Tulmulla, Ganderbal, Kashmir, as per the exchange filing.

The contract is a domestic order, according to NBCC (India) Ltd, which also stated that the project is a normal part of the company's operations. The development gives the company's expanding order book even more impetus.
 

Apollo Tyres Q2 Results

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

According to a statement from Apollo Tyres, operating revenue increased to Rs 68.3 bn during the reviewed period from Rs 64.3 bn during the previous year.

Additionally, the GST rationalisation implemented towards the end of the second quarter further stimulated demand across market segments in India.

According to the company, its board has given its approval to raise up to Rs 10 bn through the private placement of Non-Convertible Debentures (NCDs), which will be distributed in one or more tranches.

Apollo Tyres on Thursday reported a 13% year-on-year decline in its consolidated profit after tax to Rs 2.58 bn in the September quarter, hit by Rs 1.7 bn provision for its Netherlands-based plant restructuring.

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