The BSE Sensex was up by 87 points, or 0.11%, at 82,013.38, while the NSE Nifty50 was at 25,143.80, up by 0.14%
The Indian equities continued their lacklustre momentum in today’s trading session, due to the lack of cues to direct investors' sentiment. The BSE Sensex was up by 87 points or 0.11%, at 82,013.38, while the NSE Nifty50 was at 25,143.80, up by 0.14%.
Leading the pack was Titan, which jumped 4.43%, with its share price at Rs 3,569.70. The growth was due to a strong Q2 result, with its jewellery business delivering 19% growth in Q2FY26. Surging gold prices drove substantial ticket size increases, offsetting the decline in buyers. The impact of Q2FY25’s high base (due to customs duty reduction) was offset by the early onset of the festive season in September this year, compared to October in FY25. The watches' domestic business grew 12% YoY, driven by the analogue segment, clocking 17% growth YoY. EyeCare's domestic business grew c.9% YoY, led by healthy performance from international brands, sunglasses and growth in the E-commerce channel.
Infosys and TCS completed the top three list in the Nifty50 index, rising by 1.91% and 1.68%, as expectations of good Q2 earnings motivated market sentiment.
On the other hand, Bajaj Auto emerged as the top laggard, declining 1.27%, as it reported a sharp decline in sales in September. Meanwhile, Nestle India and Powergrid slipped by 1.14%.
In sectoral watch, Nifty IT gained on the back of heavyweights of Infosys and TCS, rising by 1.30%, and outperformed other peers. Only Nifty Metal, Nifty Healthcare and Nifty Consumer Durables were in the green, as other sectors showcased bearish trends. Nifty Realty, after clocking a rise in yesterday’s session, declined by 1.14% in the morning hours.
Broader markets were trading in the negative, breaking their winning streak, with Nifty Midcap50 and Nifty Smallcap 50 declining between 020% and 0.30%. India VIX rose by a per cent, reflecting an indecisive market mood for today.