Sensex: up 266.47 points (0.32%) to 83,580.40
Nifty: up 50.90 points (0.20%) to 25,693.70
The RBI also gave markets a confidence boost by improving the growth outlook:
- Q1 FY27 GDP forecast: raised to 6.9%
- Q2 FY27 GDP forecast: raised to 7%
- FY26 inflation forecast: revised slightly higher from 2% to 2.1%
Nifty Midcap 100: down 0.02%
Nifty Smallcap 100: down 0.27%
Impact on the stock market
Sector-wise performance
Top Performing Sector
Nifty FMCG jumped 2.2%, making it the biggest gainer of the day. Investors often move towards FMCG stocks when they want stability and predictable earnings.
Weakest Sector
Nifty IT fell 1.47%, becoming the biggest drag on the market.
Other sectors that ended lower: Pharma, Auto, Metal, Realty, Media
This mixed sector performance suggests the market is becoming more selective and cautious, focusing on companies with stronger earnings visibility.
| Sector/Index | Performance |
| IT & BPM sector | -1.47% |
| Healthcare sector | -0.62% |
| Oil & Gas sector | 0.51% |
| Real estate sector | 0.63% |
| PSU Bank in India | -0.51% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| ITC | 325.80 | 5.03 |
| Kotak Mahindra | 422.35 | 3.33 |
| HUL | 2,424.20 | 2.96 |
| Bharti Airtel | 2,038.40 | 2.31 |
| Bajaj Finance | 981.70 | 1.76 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| HDFC Life | 703.50 | –2.39 |
| TCS | 2,941.60 | -1.67 |
| Tech Mahindra | 1,619.90 | -1.60 |
| Bajaj Auto | 9,518.50 | -1.33 |
| Asian Paints | 2,401.10 | -1.27 |
Market aftermath: Impact on stocks
Tata Motors Passenger Vehicles: A Sharp Earnings Shock
Tata Motors Passenger Vehicles shares fell after the company reported a net loss of ₹3,486 crore in Q3 FY26, compared to a profit of ₹5,406 crore last year.
Key numbers:
- Revenue fell 26% YoY to ₹70,108 crore
- Stock dropped up to 3.5% intraday, closing 1.4% lower
The biggest culprit was the continued impact of the Jaguar Land Rover cyberattack.
Global challenges affecting the business include:
- Weak demand in key markets
- Luxury tax in China hurting sales
- Rising tariffs and regulatory pressures
- Strong competition from Chinese carmakers
- Higher warranty and launch costs
Some brokerages have cut earnings estimates and maintained Sell or Reduce ratings. However, the company expects a strong recovery in Q4 as production normalises.
Tata Steel: Profit Surges 723%
Tata Steel delivered one of the most impressive earnings reports of the season.
Key highlights:
- Net profit jumped 723% YoY to ₹2,690 crore
- Revenue rose 6% YoY to ₹56,646 crore
- Net profit margin improved from 0.55% to 4.79%
- EBITDA margin increased to 14.58%
This sharp turnaround shows how cyclical sectors like metals can deliver explosive growth when pricing and demand improve.
Hitachi Energy And MRF Rally On Strong Results
Hitachi Energy India: Massive Earnings Surprise
Shares surged up to 14% after strong quarterly results:
- Net profit rose 90.3% YoY to ₹261 crore
- Revenue grew 28.5%
- Order backlog reached ₹29,872 crore
Brokerages upgraded the stock, citing strong demand visibility and improving margins.
MRF: Tyre Giant Delivers Big Profit Growth
MRF shares jumped over 10% after reporting:
- Net profit more than doubled to ₹679 crore
- Revenue rose 15.3% YoY
The results reflect strong recovery in demand from the auto sector.
BEML: Weak Results Trigger Sell-Off
BEML shares fell over 5% after disappointing earnings:
- Reported a loss of ₹22.38 crore
- Expenses surged to ₹1,112 crore
Despite revenue growth, rising costs hurt profitability and investor sentiment.
Crude Oil: Prices Rise Despite Diplomatic Talks
Oil prices moved higher despite signs of easing geopolitical tensions.
Morning prices:
- Brent crude: $67.93 (up 0.56%)
- WTI crude: $63.67 (up 0.60%)
- MCX crude: around ₹5755
Markets are watching the US–Iran talks in Oman, which could ease tensions. However, uncertainty remains because:
- Iran wants talks limited to nuclear issues
- The US wants to include missile discussions
Iran’s location near the Strait of Hormuz, a key oil shipping route, keeps markets cautious.
Geopolitical commentary from US President Donald Trump about military presence in the Indian Ocean also added to uncertainty, keeping oil prices supported.
Other commodities:
- Nickel: down 0.70%
- Jeera: up 0.23%
- Guargum: down 0.61%
Conclusion
Friday’s session reflected a changing market mood.
The RBI’s rate pause and improved growth outlook lifted the indices. However, the real action was in individual stocks driven by earnings.
We saw:
- Defensive sectors like FMCG leading gains
- IT and broader markets lagging
- Big winners and losers based on results
Tata Motors struggled with global headwinds, while Tata Steel, Hitachi Energy and MRF delivered strong earnings.
The takeaway is clear: the market appears to be shifting into a stock-specific phase, where company performance matters more than overall index movement.
For investors, this means the easy broad rally may be slowing. The next phase of the market could reward careful stock selection and close tracking of earnings.
For more stock market insights, check out the StockGro blog.
