Indian Markets Open Lower: Nifty Down 27 Points, Sensex Falls 77 Points

Indian equity indices opened lower, with the NSE Nifty 50 falling 27 points or 0.11% to open at 25,558. The BSE Sensex opened 77 points or 0.09% lower at 83,392. The Bank Nifty opened 97 points or 0.17% lower at 57,325. Wipro cracked 4%. Markets are resilient and technically strong, with price action indicating short covering. Key factors to watch out for today's trading session include HDFC and ICICI results, RIL's performance, and Muhurat trading.

Indian equity indices opened lower today, with the NSE Nifty 50 falling 27 points or 0.11% to open at 25,558. The BSE Sensex opened 77 points or 0.09% lower at 83,392. The Bank Nifty opened 97 points or 0.17% lower at 57,325. Wipro cracked 4%. Markets are resilient and technically strong, with price action indicating short covering. Key factors to watch out for today's trading session include HDFC and ICICI results, RIL's performance, and Muhurat trading.

Axis Bank Ltd. reported its quarterly results on Wednesday, leading to a 3% jump in its share price and contributing to the overall market sentiment. However, the bank reported a bigger-than-expected drop in second-quarter profit, with standalone net profit falling 26.4% year-on-year to ₹5,090 crore for the three months ended September 2025. Net interest income, or revenue, rose 2% year-on-year to ₹13,744 crore. Despite the drop in profit, Axis Bank's gross and net NPAs improved, according to a Hindustan Times report (a Hindustan Times report).

South Indian Bank reported a net profit of Rs 352 crore in the second quarter (Q2 FY2026), up 8% year-on-year. Its net interest income remained flat, and provisions against bad loans fell to Rs 63 crore. The bank's gross NPA improved to 2.93% during Q2, according to an ET Now report (an ET Now report).

HDFC Life Insurance saw a 3.27% rise in standalone net profit to Rs 447 crore for the July–September quarter of FY26, despite a one-time GST impact. Net premium income grew over 13%, but management expenses increased, and persistency rates declined. The company plans to raise Rs 750 crore to boost its solvency ratio, according to an Economic Times article (an Economic Times article).

Muhurat trading, a traditional practice of buying and selling stocks on specific dates, may influence market sentiment. Investors are closely watching the performance of Reliance Industries Ltd. (RIL) today.

The market's resilience and strong technical indicators suggest that the current dip may be short-lived. Investors are advised to monitor the key earnings releases and market sentiment as the trading session progresses.