Sensex, Nifty Extend Losses as Global Worries Weigh
- Sensex fell 297 points and Nifty 82 points, marking the second straight session of losses amid weak global cues.
- Axis Bank, IRFC, Tata Communications, and HDFC Life to announce Q2 results; Tech Mahindra reported a 4.4% profit drop.
- ICICI Lombard posts strong Q2 profit, MIDHANI wins Rs 306 crore order, and Ola Electric plans entry into the energy storage market.
Both benchmark indices, Sensex and Nifty 50, ended lower on Tuesday, October 14, marking their second consecutive day of losses amid weak global cues. The Sensex fell 297 points, or 0.36 per cent, to close at 82,029.98, while the Nifty 50 slipped 82 points, or 0.32 per cent, to settle at 25,145.50.
According to Ajit Mishra, SVP, Research, Religare Broking Ltd, “Markets opened on a positive note but failed to sustain early gains as trade-related concerns overshadowed favourable domestic cues. The Nifty slipped about 0.2 per cent after briefly retesting the 25,300 mark. Most sectors came under pressure, with metal, pharma, and realty stocks leading the losses, while some financial and private bank stocks provided support. The broader markets also saw selling pressure, with mid- and small-cap indices down nearly a percent each”.
The decline was largely driven by renewed worries over the U.S.-China trade tensions and weak global trends, which overshadowed optimism from strong IPO listings and better IT earnings. Even though LG Electronics India’s impressive market debut caught investors’ attention, it failed to lift overall sentiment.
Here’s a look at key stocks likely to remain in focus in today’s trade:
Axis Bank, IRFC, Tata Communications, HDFC Life:
These companies are set to announce their Q2 results today, keeping investors’ attention on earnings updates.
Tech Mahindra:
The company reported a 4.4 per cent decline in net profit to Rs 1,194.5 crore compared to Rs 1,250.1 crore in the previous quarter. However, revenue rose 5.1 per cent to Rs 13,994.9 crore from Rs 13,313.2 crore.
Ola Electric:
Ola Electric is gearing up to enter the energy storage market, which is expected to surpass USD 30 billion by 2030, according to a PTI report.
ICICI Lombard:
ICICI Lombard General Insurance posted a net profit of Rs 819.5 crore for Q2 FY26, marking an 18.1 per cent year-on-year rise. Total income rose 12.5 per cent to Rs 6,582.7 crore. The board also announced an interim dividend of Rs 6.5 per share.
Mishra Dhatu Nigam (MIDHANI):
The company secured a new order worth Rs 306 crore, taking its total open order book to around Rs 2,212 crore.
Maruti Suzuki:
Maruti Suzuki India signed a memorandum of agreement with the Tamil Nadu government to automate driving test tracks across the state.
Sula Vineyards:
The company reported Q2 FY26 revenue of Rs 139.7 crore, slightly lower than Rs 141.2 crore a year earlier.
Vedanta:
The Competition Commission of India (CCI) has given in-principle approval for Vedanta to acquire debt-ridden Jaiprakash Associates, provided it wins the ongoing insolvency process.
Keystone Realtors:
Promoters Boman Irani, Chandresh Mehta, and Percy Chowdhry will sell up to a 3.63 per cent stake, or 4.58 million shares, through an Offer for Sale (OFS) worth up to Rs 251.7 crore.
Hyundai Motor India:
The board approved the succession plan for Managing Director Unsoo Kim, who will step down on December 31, 2025, and return to South Korea to take up a strategic role at Hyundai Motor Company.
