SENSEX, NIFTY50 trade lower; Bajaj Finance, HEG, ESAB India, Syrma SGS, Britannia among buzzing shares

The Indian equity benchmarks were trading with a negative bias in noon deals on Tuesday ahead of weekly expiry of NIFTY50 futures and option contracts due later in the day.

The SENSEX fell as much as 411 points and NIFTY50 index touched an intraday low of 25,449 dragged down by losses in index heavyweights like Bajaj Finance, Bajaj Finserv, Reliance Industries, HDFC Bank, Tata Motors Passenger Vehicles, Larsen & Toubro and Kotak Mahindra Bank.

As of 12:10 pm, the SENSEX was down 164 points at 83,368 and NIFTY50 index declined 45 points to 25,530.

The company's asset quality deteriorated in second quarter of current financial year with gross non-performing assets (GNPAs) rising to 1.24% of the gross loans by the end of September 2025 from 1.06% a year ago.

Bajaj Finance reported a 23% YoY increase in consolidated net profit to ₹4,948 crore for the second quarter ended September 30.

It had posted a net profit of ₹4,014 crore in the July-September quarter a year ago.

Its total consolidated income increased to ₹20,181 crore during the quarter under review from ₹17,095 crore logged a year earlier, BFL said in a regulatory filing.

The net interest income (NII) rose 22% to ₹10,785 crore compared to ₹8,838 crore seen in the second quarter of FY25.

The country's third-largest telecom service provider witnessed a 2.41% year-on-year (YoY) rise in its revenue from operations, which stood at ₹11,194.7 crore during the quarter under review.

In the September quarter of the 2024-25 fiscal year (Q2FY25), it had clocked a revenue of ₹10,932.2 crore. Sequentially, its revenue increased by 1.6% from ₹11,022 crore in the first quarter of FY26.

Its revenue from operations rose 13% in the second quarter of current financial year to ₹382 crore as against ₹339 crore in the year-ago period.

The sudden exit of Berry weighed on investor sentiment. The company said that Berry submitted his resignation and proposed to serve the notice period as per his employment contract; however, the board accepted his resignation and waived his obligation to serve the notice period.

Elcome, the press release said, is a long-established Indian defence and maritime electronics company specialising in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies.

The company added that the remaining 40% stake will be acquired in multiple tranches over the next three years, linked to performance and earn-out milestones.

The company's EBITDA jumped 22% to ₹119 crore from ₹97 crore.