Nifty Consolidates Ahead of Major Earnings
The Indian stock market ended the day on a negative note, with the Nifty and Sensex trading in red during the open on Wednesday, extending the decline for the second day. The Nifty today closed below the 25,700 mark, while the Sensex lost over 200 points. This decline can be attributed to the cautious sentiment among investors ahead of the Q3 earnings season.
Reliance Industries Q3 Earnings Preview
Reliance Industries Ltd is expected to report a largely stable set of consolidated numbers for Q3FY26 on a quarter-on-quarter basis, with modest growth across revenue, operating profit, and net earnings. Analysts do not expect any major surprises in the quarter, with performance driven by steady execution in core segments and selective tailwinds in oil to chemicals and retail sector. The oil-to-telecom conglomerate’s October-December quarter revenue is expected to rise 1% on a sequential basis.
Ebitda is expected to increase 4.6% to Rs 47,997 crore compared with Rs 45,885 crore in the previous quarter, supported by better operating performance in key businesses. Operating margin is projected to improve to 18.7% from 18%. While net profit is projected to grow 6% sequentially to Rs 19,271 crore from Rs 18,165 crore. For more information on Reliance Industries share price, visit our website.
HDFC Bank Top Drag on Nifty
HDFC Bank was the top drag on the Nifty, with the stock losing over 1% on the day. The decline in the stock can be attributed to the profit-booking by investors after the recent rally. For more information on HDFC Bank share price, visit our website.
Indian Stock Market News
The Indian stock market has been volatile in the recent past, with the Nifty and Sensex trading in a range-bound manner. The market has been driven by the Q3 earnings season, with several major companies announcing their results. For more information on Indian stock market news, visit our website.
Nifty Technical Analysis
The Nifty has been trading in a range-bound manner, with the index facing resistance at the 26,000 mark. The index has been supported by the 25,500 mark, and a breach of this level could lead to further decline. For more information on Nifty technical analysis, visit our website.
Sensex Today
The Sensex ended the day lower, with the index losing over 200 points. The decline in the Sensex can be attributed to the cautious sentiment among investors ahead of the Q3 earnings season. For more information on Sensex today, visit our website.
Top Gainers and Losers
The top gainers on the Nifty included ITC share price, Asian Paints share price, and Nestle India share price. The top losers on the Nifty included HDFC Bank share price, ICICI Bank share price, and Axis Bank share price.
Indian Stock Market Outlook
The Indian stock market is expected to remain volatile in the near term, with the Q3 earnings season driving the market. Investors are advised to remain cautious and keep a close eye on the earnings announcements. For more information on Indian stock market outlook, visit our website.
