Indian stock market futures signalled a tepid start for Thursday as GIFT Nifty futures traded 113 points lower amid mixed global sentiment. According to reports from Business Standard, the domestic equity market is expected to open gap-down on Thursday, October 29. The mixed sentiment in Asian markets weighed on investor confidence, with South Korea's KOSPI declining 2.8% while Japan's Nikkei remained flat at 0.01% and Australia's ASX 200 gained 0.36%. Oil prices traded with marginal cuts as traders weighed the risk of escalating Middle East conflict on energy supplies, with Brent crude futures at $114.80 per barrel, down 0.46%, and US WTI crude futures at $102 per barrel, down 0.70%.
Jio Platforms shares will remain in focus today following a blockbuster debut on Wednesday. As reported by Business Standard, the stock rose as much as 23% on its first day of trading, marking a strong market reception for the telecom infrastructure company's public listing. The positive momentum is expected to continue as investors assess the company's market position and growth prospects in the telecommunications sector.
Several key companies are scheduled to announce their September quarter results today, according to Business Standard. Coal India, Asian Paints, IndiGo, Trent, GCPL, Suzlon Energy, Milky Mist, and Laurus Labs are among the major companies posting their Q2 FY27 earnings today. Additionally, Motilal Oswal Financial Services (MOFSL), Suzlon Energy, Milky Mist Dairy Food, MTAR Technologies, Firstsource Solutions, Deepak Nitrite, Vedanta Power, Vedanta Oil and Gas, and Computer Age Management Services (CAMS) are also scheduled to announce their results. These results will provide crucial insights into corporate performance across various sectors including energy, consumer goods, aviation, and infrastructure.
TVS Motor's board approved the demerger of its consumer finance and related business undertaking into a separate entity, Harita ARC, as reported by Business Standard. Meanwhile, Ola Electric's ₹1,000 crore rights issue was fully subscribed with 37,13,59,420 shares subscribed against the issue size of 37,02,72,665 shares. PNB Housing Finance reported a 6% increase in net profit to ₹617 crore for Q2 FY27, with net interest income standing at ₹878 crore, marking a 15% YoY surge from ₹765 crore in the same quarter of the preceding fiscal year. Hero MotoCorp posted a 42% YoY rise in consolidated profit to ₹1,861 crore, with the company dispatched a total of 18.68 lakh motorcycles and scooters, registering 10% growth year-on-year.
The Securities Appellate Tribunal (SAT) set aside a ₹1.49 crore penalty imposed by MCX on Ventura Securities for alleged violation of client-level open position limits, according to Business Standard. Delhi-based Anant Raj Ltd received RERA certification from Haryana RERA for its luxury residential project launch. Additionally, GMR Airports recorded a total comprehensive loss of ₹80.75 crore in the second quarter of FY27, compared to a total comprehensive income of ₹14.30 crore in the year-ago period, while GMR Airport-owned airports handled 28 million passengers during the September quarter. JSW Energy reported an over 38% YoY rise in consolidated net profit to ₹1,141 crore in Q2 FY27, with total income rising to ₹6,657.71 crore from ₹5,361 crore in the year-ago period, and the board approved raising long-term funds up to ₹5,000 crore through non-convertible debentures.
