The BSE Sensex slipped 150.68 points (0.18%) to close at 84,628.16, while the NSE Nifty50 fell 29.95 points (0.11%) to 25,936.20.
The Nifty MidCap index was down 0.02%, while the Nifty SmallCap index eked out a marginal 0.02% gain—indicating that investors largely stayed on the sidelines.
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Impact on the stock market
Sector-wise performance
Sectorally, the mood was mixed. Nifty Metal and PSU Bank indices were the bright spots, each rising over 1%, signalling continued institutional interest in cyclical and public sector themes.
On the downside, Nifty Realty led the losses, followed by IT, Financial Services, FMCG, Pharma, and Consumer Durables, reflecting broad-based profit booking.
| Sector/Index | Performance |
| IT & BPM sector | -0.74% |
| Healthcare sector | -0.19% |
| Oil & Gas sector | -0.45% |
| Real estate sector | -1.05% |
| PSU Bank in India | 1.21% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| JSW Steel | 1,184.20 | 2.92 |
| Tata Steel | 181.81 | 2.92 |
| SBI Life Insura | 1,936.80 | 1.77 |
| HDFC Life | 747.00 | 1.32 |
| Larsen | 3,972.80 | 1.25 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Trent | 4,725.40 | -1.53 |
| Nestle | 1,265.10 | -1.40 |
| Bajaj Finserv | 2,140.20 | -1.38 |
| Coal India | 391.40 | -1.34 |
| UltraTechCement | 11,880.00 | -1.12 |
Market aftermath: Impact on stocks
Adani Green Energy posts 25% jump in profit
Adani Green Energy delivered a strong quarter, reporting a 25% year-on-year (YoY) rise in net profit to ₹644 crore for Q2 FY26, up from ₹515 crore in the same period last year.
Revenue from operations came in at ₹3,008 crore, nearly flat compared to ₹3,005 crore a year ago. However, revenue from power supply surged 20% to ₹2,776 crore, showcasing robust operational efficiency.
CEO Ashish Khanna highlighted that the company added 2.4 GW of renewable capacity in H1 FY26, setting a solid foundation for its goal of 5 GW capacity addition this year and achieving 50 GW by 2030.
The firm’s operational capacity now stands at 16.7 GW, up 49% YoY, with new installations across solar, wind, and hybrid projects in Khavda (Gujarat), Rajasthan, and Andhra Pradesh. Despite the marginal topline growth, Adani Green’s consistent capacity expansion and steady cash profit of ₹1,349 crore reflect strong momentum in India’s renewable energy transition.
Tata Capital’s first results post-listing: profit up 2%
Tata Capital, in its maiden results since listing, reported a 2% YoY rise in consolidated net profit to ₹1,097 crore for Q2 FY26, compared to ₹1,076 crore in the previous year.
Revenue from operations increased 8% to ₹7,737 crore, while total expenses rose 10% to ₹6,246 crore. The net profit margin slightly contracted to 14.18% from 14.97% a year ago.
The firm’s assets under management (AUM) stood at a robust ₹2.44 lakh crore, up 2.7% sequentially, with improving asset quality in the unsecured retail segment—which now forms 11.6% of the gross loan book. Gross NPA and net NPA were steady at 1.6% and 0.6%, respectively.
He also noted that the recent GST cuts are likely to boost consumption and support stronger growth in the second half of FY26. The integration of Tata Motors Finance, completed earlier this year, is progressing well, with the firm targeting a profit turnaround in its Motor Finance business by Q4 FY26.
Tata Capital’s stock, which debuted modestly at ₹330 per share, closed marginally higher at ₹330.60.
TVS Motor delivers record profits and strong sales
TVS Motor Company continued its winning streak, reporting a 37% YoY jump in standalone net profit to ₹906 crore for Q2 FY26, compared with ₹663 crore in the same period last year.
Revenue rose 29% YoY to ₹11,905 crore, driven by robust domestic and export performance. Operating profit also surged, with EBITDA up 40% to ₹1,509 crore, and EBITDA margin improving by 100 basis points to 12.7%—the highest ever for the company.
Sales volumes hit a record 15.07 lakh units, up 23% YoY. Motorcycle sales grew 20% to 6.73 lakh units, while scooter sales jumped 30% to 6.39 lakh units.
Exports were strong too, with international two-wheeler sales up 31% to 3.63 lakh units, and three-wheeler sales surging 41% to 53,000 units.
The EV segment continued to expand, with electric scooter sales rising 7% to 80,000 units, supported by new launches like the TVS Orbiter and Ntorq 150. However, the company noted that magnet supply constraints remain a short-term challenge.
Crude oil slips as OPEC+ hints at production boost
Crude oil prices edged lower on Tuesday following reports that OPEC+ might increase production in December to regain market share.
- Brent January futures fell 0.22% to $64.76/barrel
- WTI December futures declined 0.23% to $61.17/barrel
On the MCX, commodities showed mixed trends:
- Turmeric (Dec) rose 3.99% to ₹15,110
- Jeera (Nov) was up 0.79% to ₹20,350
Analysts at ING Think said the early optimism from US–China trade discussions faded later in the session, while the market remained focused on US sanctions on Russian oil majors and potential supply disruptions due to ongoing geopolitical tensions.
They warned that tighter diesel supply—as Russia exports nearly 1 million barrels a day—could cause short-term volatility, especially if Indian refiners cut back on Russian imports or if Ukraine escalates refinery attacks.
Conclusion
Tuesday’s session reflected a healthy pause in the market after a strong run, with investors taking profits ahead of key economic triggers. While the headline indices slipped marginally, select sectors like metals and PSU banks continued to shine, supported by strong corporate earnings and macro optimism.
Company results from Adani Green, Tata Capital, and TVS Motor added energy to an otherwise quiet day, showcasing resilience across renewable, financial, and auto sectors.
Meanwhile, oil’s dip on production concerns and geopolitical risks will remain a key global factor to watch. As earnings season rolls on, traders will be looking for cues on consumption recovery, credit growth, and inflation trends to gauge the market’s next direction.
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