Asian markets traded higher on Friday, following overnight gains on Wall Street, after the White House confirmed a meeting between US President Donald Trump and China's President Xi Jinping next week.

US stock market ended higher on Thursday, led by technology stocks, amid a mixed batch of corporate earnings.

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

Source: Equitymaster

At present, the BSE Sensex is trading 85 points lower, and the NSE Nifty is trading 14 points lower.

Bharat Elec, ICICI Bank, and Tata Steel are among the top gainers today.

HUL, Kotak Mahindra, and Axis Bank, 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% higher.

Barring the services sector, all other sectoral indices are positive today, with stocks in the IT sector and the media sector witnessing buying.

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

Colgate Palmolive India's Q2 Results

Shares of Colgate Palmolive India's came into focus after the company reported its Q2 FY26 results.

Revenue for the major oral care company dropped 6.3% to ?1,507.2 crore from the same time last year.

EBITDA stood at ?464.5 crore, a 6.6% decline from ?497.4 crore in the same quarter last year, while operating margins were steady at 30.6%.

According to Prabha Narasimhan, CEO of Colgate-Palmolive (India), the reduction of the GST on oral care products from 18% to 5% is a positive step that will increase consumer confidence and awareness of oral health. Although the market was challenging, she continued, the company's performance in the second quarter was impacted by brief disruptions brought on by the GST change.

The board declared a first interim dividend of ?24 per equity share for FY26, payable from19 November 2025.
 

Kaynes Expands Stake in Sensonic GmbH

Kaynes Technology India Ltd, an electronics company, announced that Kaynes Holding Pte Ltd (Kaynes Singapore), its wholly owned subsidiary, had signed a Share Purchase Agreement (SPA) with Frauscher Sensor Technology Group GmbH to further acquire a 7% stake in Sensonic GmbH.

Kaynes Technology India Limited received the notification that the SPA had been executed on 20 October 2025. One euro is the acquisition consideration. Kaynes Holding Pte Ltd, which currently owns 54% of Sensonic GmbH, will increase its stake after this transaction.
 

Premier Energies Expands into Transformer Manufacturing

Premier Energies announced on Thursday that it would be entering the transformer manufacturing business by paying Rs 5 bn to acquire a majority 51% stake in Transcon Industries.

Premier Energies said in a statement that the acquisition is a significant step in its plan to develop into a fully integrated supplier of clean energy solutions.

Premier Energies' MD and CEO said that the investment represents the company's entry into the rapidly expanding transformer business, driven by the rising addition of renewable power capacity and increasing electrification across the economy.

By acquiring Transcon, which makes various types of transformers including solar and distribution ones, Premier Energies aims to expand its offerings and provide complete power solutions to power producers, DISCOMs, and industrial clients.

Over time, the company plans to focus more on higher-value segments like medium, high, and extra-high voltage transformers.

By going into the transformer market, the company solidifies its position as a strategic enabler of India's clean energy transition and strengthens its position throughout the renewable energy value chain.

Premier Energies is into the manufacturing of solar cells and modules. The company is scaling up to achieve a fully integrated 10 GW capacity across ingots, wafers, cells, and modules, while also foraying into battery storage and inverter manufacturing.

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