Mixed Q2 Results Cool Indian Stocks as Sector Pressures Bite

Overview

• The Sensex fell 519 points and the Nifty dropped 166 points on November 4 as broad-based selling weighed on the market.
• IndiGo reported a Q2FY26 net loss of Rs 2,582 crore despite 9.3% revenue growth, with higher fuel costs and forex losses offsetting an 85% jump in EBITDA.
• The NSE posted total income of Rs 4,160 crore and a 63% net margin, while transaction revenues faced pressure from lower derivatives volumes due to curbs on speculative trading.
• Paytm logged Rs 211 crore in profit before a Rs 190 crore impairment tied to its gaming JV, resulting in reported PAT of Rs 21 crore as operating revenue rose 24% to Rs 2,061 crore.
• Sun Pharmaceutical Industries delivered 8.6% revenue growth to Rs 14,405 crore with profit at Rs 3,118 crore, marginally higher year on year and ahead of expectations.