Indian equity markets enter Wednesday, October 28, after a volatile trading session that left benchmark indices almost unchanged. On Tuesday, the Nifty 50 declined 3.45 points, or 0.02%, to close at 22,749.75, while the BSE Sensex slipped 8.08 points, or 0.01%, to settle at 73,598.67. Weakness in banking and information technology stocks offset gains in automobiles, pharmaceuticals and other sectors, while elevated crude oil prices and caution ahead of the US Federal Reserve’s monetary policy decision influenced sentiment.
Broader markets performed better than the benchmarks, with the small-cap index gaining approximately 2.7% and the mid-cap index advancing around 1%. Wednesday’s session will focus on quarterly earnings announced after Tuesday’s market hours, alongside fresh corporate orders and another extensive earnings calendar. Larsen & Toubro, Maruti Suzuki, Waaree Energies and several other companies have reported their September-quarter results, while Hindustan Unilever, Adani Ports and TVS Motor Company are scheduled to announce earnings today.
FII/DII Activity – October 27, 2026
| Investor Category | Net Activity |
|---|---|
| Foreign Institutional Investors (FII/FPI) | +₹4,240 crore |
| Domestic Institutional Investors (DII) | -₹1,250 crore |
Foreign institutional investors were net buyers in the cash market on Tuesday, while domestic institutional investors recorded net sales. The combined net institutional inflow stood at approximately ₹2,990 crore. Despite this positive net flow, the benchmark indices finished marginally lower, highlighting the mixed performance across sectors.
Stocks to Watch Today – Quick Summary
| Stock | Why It Is in Focus |
|---|---|
| Larsen & Toubro | Q2 profit rises 33%; order book reaches ₹8.53 lakh crore |
| Maruti Suzuki India | Profit declines 26.9% despite revenue growth |
| Waaree Energies | Revenue rises 23.9%, profit falls 14.7% |
| Tata Capital | Profit rises 51.3%; funding programme expanded |
| JSW Infrastructure | Revenue increases, profit declines |
| Indus Towers | Revenue grows 4%; margins contract |
| Raymond | Revenue and operating profitability improve |
| Hindustan Unilever | September-quarter results scheduled today |
| Adani Ports and SEZ | Q2 FY27 earnings scheduled |
| TVS Motor Company | Quarterly automobile earnings announcement |
Larsen & Toubro
Larsen & Toubro reported a 33% year-on-year increase in consolidated net profit to ₹5,202 crore for the September quarter, compared with ₹3,926 crore a year earlier. Consolidated revenue rose 16% to ₹78,750 crore, while EBITDA increased 1% to ₹6,845 crore. However, the EBITDA margin declined to 8.7% from 10%, indicating that operating profitability did not grow at the same pace as revenue.
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The company’s consolidated order book stood at ₹8.53 lakh crore as of September 30, 2026. Its green energy business recorded 43% revenue growth to ₹11,494 crore, while conventional energy revenue increased 28% to ₹17,289 crore. The substantial order book provides visibility for future project execution, although investors will examine margins, working-capital requirements and the conversion of orders into revenue.
Maruti Suzuki India
Maruti Suzuki reported a 26.9% year-on-year decline in quarterly net profit to ₹2,415 crore, compared with ₹3,303 crore in the corresponding period last year. Revenue increased 26% to ₹53,340 crore from ₹42,332 crore, reflecting higher business activity despite weaker profitability.
EBITDA declined 6.3% to ₹4,764 crore, while the operating margin contracted to 8.9% from 12%. The company highlighted higher commodity costs and adverse foreign-exchange movements as factors affecting performance. Cost-reduction measures and improved realisations provided some support. Investors will monitor domestic vehicle demand, exports, product mix and management commentary on controlling costs.
Waaree Energies
Waaree Energies reported a 23.9% year-on-year increase in quarterly revenue to ₹7,518 crore, compared with ₹6,066 crore a year earlier. However, net profit declined 14.7% to ₹719 crore from ₹843 crore. EBITDA fell 5.1% to ₹1,335 crore, while the operating margin contracted to 17.8% from 23.2%.
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The results highlight the difference between revenue expansion and profitability in the solar manufacturing business. Investors will examine production costs, pricing, manufacturing utilisation and demand from domestic and international customers. Management commentary on capacity expansion and order execution will provide further insight into the company’s operating outlook.
Tata Capital
Tata Capital reported a 51.3% year-on-year increase in quarterly net profit to ₹1,660 crore, compared with ₹1,097 crore in the corresponding quarter last year. Total income increased 20.7% to ₹9,356 crore from ₹7,749 crore.
The company’s board also approved an increase in its medium-term note programme limit to $3 billion from $2 billion. The expansion provides additional flexibility for debt funding through the programme. Investors will examine loan growth, borrowing costs, asset quality and the company’s funding strategy. The quarterly results also provide an important update on profitability within India’s non-banking financial services industry.
JSW Infrastructure
JSW Infrastructure reported a 17% year-on-year increase in quarterly revenue to ₹1,481 crore, compared with ₹1,266 crore a year earlier. However, net profit declined 11.9% to ₹318 crore from ₹361 crore. EBITDA increased 10.6% to ₹675 crore, while the EBITDA margin narrowed to 45.6% from 48.2%.
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The results indicate higher operating revenue but pressure on overall profitability. Investors will examine cargo volumes, terminal utilisation, operating expenses and the contribution from different port and logistics activities. Management commentary on infrastructure expansion, capital expenditure and cargo-handling demand will remain important.
Indus Towers
Indus Towers reported a 2.5% year-on-year decline in quarterly net profit to ₹1,793 crore, compared with ₹1,839 crore in the corresponding period last year. Revenue increased 4% to ₹8,516 crore from ₹8,188 crore, while EBITDA rose marginally to ₹4,633 crore.
The EBITDA margin declined to 54.4% from 56.3%. Investors will examine tower additions, tenancy levels, operating expenses and customer collections. The company’s performance remains connected to network investment by telecom operators and the utilisation of its infrastructure. Management commentary on capital expenditure and operating efficiency will provide additional context.
Raymond
Raymond reported a 96.5% year-on-year increase in quarterly net profit to ₹22.4 crore, compared with ₹11.4 crore a year earlier. Revenue rose 24.1% to ₹655 crore from ₹528 crore, while EBITDA increased 72.2% to ₹75.6 crore.
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The EBITDA margin improved to 11.5% from 8.3%, reflecting stronger operating profitability. Investors will examine performance across the company’s engineering and manufacturing operations, along with operating costs and business demand. The improvement in margins will be an important factor in assessing the sustainability of earnings growth.
Hindustan Unilever
Hindustan Unilever is scheduled to announce its September-quarter financial results on Wednesday, October 28. The company has scheduled its management earnings webcast for 4 PM IST.
Investors will focus on domestic volume growth, revenue, operating margins and performance across home care, beauty and personal care, and foods. Demand conditions in urban and rural markets, pricing decisions and raw-material expenses will remain important considerations. Management commentary on consumption trends and premiumisation will also provide insight into India’s consumer goods market.
Adani Ports and Special Economic Zone
Adani Ports and Special Economic Zone is scheduled to announce its Q2 FY27 financial results today. Investors will examine cargo-handling volumes, revenue, operating profitability and the performance of its ports and logistics network.
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The company’s business is influenced by domestic industrial demand, international trade activity and infrastructure utilisation. Management commentary on cargo mix, terminal expansion and logistics integration will help clarify operating priorities. Capital expenditure and the contribution from different ports will also be important areas of attention.
TVS Motor Company
TVS Motor Company is scheduled to announce its September-quarter financial results on October 28. Investors will monitor motorcycle and scooter sales, electric two-wheeler performance, exports, revenue growth and operating margins.
The company’s presence across conventional and electric two-wheelers makes product mix, manufacturing costs and investment in new technology important factors. Management commentary on domestic demand, overseas markets and electric mobility expansion will provide further insight into its business outlook. The results will also offer another perspective on India’s automobile sector following Maruti Suzuki’s latest earnings announcement.
What Investors Will Watch Today
Wednesday’s trading session brings a combination of significant earnings announcements and contrasting financial performances. Larsen & Toubro reported strong profit growth and a substantial order book, while Maruti Suzuki and Waaree Energies recorded lower profitability despite higher revenue. Tata Capital delivered strong earnings growth, whereas JSW Infrastructure and Indus Towers reported declines in net profit.
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Investors will also monitor fresh corporate developments, including Karamtara Engineering’s reported ₹1,199 crore orders across transmission and renewable energy, and Subros’ ₹1,225 crore order from Maruti Suzuki for HVAC assemblies.
Fresh quarterly results from Hindustan Unilever, Adani Ports, TVS Motor Company, Adani Enterprises, Hyundai Motor India, Pidilite Industries, Hero MotoCorp and other companies will add to the day’s earnings activity.
Global equity markets, crude oil prices and the US Federal Reserve’s monetary policy decision will remain important influences on sentiment. With benchmark indices nearly unchanged on Tuesday and broader markets advancing, corporate earnings and company-specific announcements will be central to Wednesday’s trading session.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. Onetrader is not a SEBI-registered investment adviser. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
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