Indian Market Outlook: A Cautious Start
Indian equity markets are poised for a positive yet cautious opening on Monday, October 26, 2026. GIFT Nifty futures on the NSE International Exchange showed an uptick of 33.40 points, or 0.15 percent, reaching 22,610. This movement hints at a muted start for domestic indices amidst mixed global sentiments and persistently elevated crude oil prices. Investors will also be closely reacting to the Q2 earnings reports from various Indian corporations.
Companies in Focus After Quarterly Results and Corporate Actions
Several prominent companies are expected to be in the spotlight as the market opens, driven by their recent financial disclosures and strategic developments:
Infosys
The IT services giant reported a robust 6.2 percent year-on-year (YoY) increase in net profit, reaching Rs 7,823 crore for the September 2026 quarter. Revenue also saw a significant jump of 10.7 percent YoY, totaling Rs 49,244 crore. Earnings Before Interest and Tax (EBIT) grew 10.4 percent YoY to Rs 10,330 crore, with EBIT margins remaining stable at 21 percent.
Kotak Mahindra Bank
This private sector lender posted an impressive 29.5 percent YoY surge in net profit, amounting to Rs 4,212 crore. Net interest income (NII) rose 15.7 percent YoY to Rs 8,459 crore. Operating profit increased 21.1 percent YoY to Rs 6,382.2 crore, while both gross and net Non-Performing Assets (NPAs) showed improvement.
IndusInd Bank
IndusInd Bank returned to profitability, reporting a net profit of Rs 1,176.1 crore for the quarter ended September 30, 2026. Net interest income grew 3.6 percent YoY to Rs 4,569.5 crore. The bank's operating profit saw a substantial 37 percent YoY rise to Rs 2,778 crore, with NPAs easing on both gross and net levels.
Vedanta
The diversified metals and mining conglomerate successfully secured two offshore oil and gas blocks under India's fourth discovered small field (DSF) bidding round. This strategic expansion adds shallow-water and deepwater blocks in the Krishna Godavari basin off the country's east coast to its exploration portfolio.
Tata Motors Commercial Vehicles (TMCV)
Tata Motors' commercial vehicle division turned profitable, recording a net profit of Rs 1,257 crore. Revenue for Q2FY27 increased 36.3 percent YoY to Rs 25,338 crore. EBITDA was up 31.1 percent YoY to Rs 2,770 crore, with margins at 10.8 percent. Total wholesales grew 42.7 percent YoY to 1.35 lakh units.
SBI Funds Management
The mutual fund house reported a 6 percent YoY decline in net profit to Rs 701.2 crore, despite an 8.9 percent YoY increase in revenue to Rs 1,192.7 crore for July-September 2026. Its Assets Under Management (AUM) in SIPs stood at Rs 2.07 lakh crore, up 15 percent YoY, capturing a 12.3 percent market share. Quarterly Average AUM (QAAUM) in mutual funds reached Rs 13.1 lakh crore.
Coforge
The IT solutions provider saw its net profit soar by 56.5 percent YoY to Rs 588.1 crore, with revenue jumping 53.6 percent YoY to Rs 6,170.8 crore in Q2FY27. EBIT margins remained flat at 16 percent. Coforge signed eight large deals in the quarter, bringing its total contract value to $1.04 billion.
Lupin
The pharmaceutical company's Goa manufacturing facility underwent a USFDA inspection from October 19 to 23, concluding with a Form 483 containing one observation.
Bank of India
The public sector lender's net profit surged 25.4 percent YoY to Rs 3,202.4 crore, while net interest income increased 18.5 percent YoY to Rs 7,007.2 crore for the quarter ended September 30, 2026. Operating profit jumped 33.2 percent YoY to Rs 5,089 crore, with both net and gross NPAs improving.
Torrent Pharmaceuticals
Torrent Pharma's net profit dropped 9.6 percent YoY to Rs 534 crore, even as revenue climbed 50.8 percent YoY to Rs 4,979 crore in Q2FY27. EBITDA surged 54.1 percent YoY to Rs 1,583 crore, and EBITDA margins expanded by 70 basis points to 33.5 percent.
KEC International
The EPC solutions firm secured turnkey orders worth Rs 2,872 crore in its transmission and distribution (T&D) business from Power Grid Corporation of India. These orders cover the design, supply, and installation of 765 kV transmission lines.
BL Kashyap and Sons
This civil construction company secured an order valued at Rs 495.86 crore from Signature Global (India) for civil structure and partial MEP works across four towers and basements.