SENSEX, NIFTY50 trade in the red in early session; IEX tumbles 10%, Infosys down 1%

At 09:34 AM, the S&P BSE SENSEX was trading at 82,541.91 levels, down 184.73 points, or 0.22%, while the NSE's NIFTY50 index was trading at 25,185.15, down 34.75 points, or 0.14%.

The top loser on the SENSEX was Trent (down 2%). Other leading losers were Kotak Mahindra Bank and Infosys.

The biggest contributors to the index's loss were HDFC Bank, RIL, and Infosys.

Among individual names, Infosys shares fell around 1% even as the company reported a good set of numbers for the quarter ended June 30, 2025 (Q1 FY26).

The IT services major broke the trend of subdued and listless earnings of the IT sector; however, the stock was still in the red as the Street is looking for more cues for the IT sector outlook.

The company on Wednesday reported an 8.7% rise in its June quarter net profit and revised upwards its full-year revenue forecast after stronger-than-expected earnings growth.

Consolidated net profit of ₹6,921 crore in April-June – the first quarter of the 2025-26 fiscal year – compared with ₹6,368 crore earnings in the same period a year back, according to a company statement.

Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges.

The regulator's move is aimed at improving price discovery and system efficiency.

Asian Market Update

Asian shares rose Thursday, buoyed by optimism that the US-Japan tariff agreement will be followed by more trade deals.

Japan's Nikkei 225 surged nearly 2% to 41,983.50. The Shanghai Composite Index added 0.4% to 3,595.58 while Hong Kong's Hang Seng index rose 0.4% to 25,631,08.

South Korea's Kospi climbed 0.9% to 3,211.21 after central bank data showed Thursday that the country's second quarter GDP rose 0.6%, above expectations thanks to robust private consumption and exports.