Kennametal India Ltd. reported a significant 28.8% year-on-year increase in profit before tax to Rs 434 crore for its September quarter. This growth was fueled by rising market demand and a strong focus on operational efficiency, with revenue climbing 9.5% to Rs 2,960 crore. The company s hard metal and machining solutions segments were key drivers of this performance.

Housing sales across India s top eight cities saw a slight increase in the July-September quarter. New housing unit launches also grew compared to the previous year. Demand in premium segments remains strong. However, affordable housing faces challenges due to price rallies. Developers are encouraged to boost supply in this vital segment to improve affordability for end-users.

Embassy Office Parks REIT reported a 13% YoY rise in Q2 FY26 revenue to ₹1,124 crore and 15% NOI growth to ₹927 crore, with 93% occupancy, ₹6.51 per unit distribution, and robust leasing momentum led by Bengaluru.

Sun Pharmaceutical Industries reported a net profit after tax of Rs 3,117.9 crore for Q2 FY26, marking a 2.6% year-on-year growth. The company s revenue from operations also saw an 8.6% increase, reaching Rs 14,478 crore for the quarter ended September 2025.

Nomura and Nuvama reiterated ‘Buy’ ratings on Mahindra & Mahindra after strong Q2 results, projecting up to 22% upside on robust SUV demand, farm segment growth, and rising margins driven by new launches and PLI benefits.

Grasim Industries announced strong financial results for the second quarter of fiscal year 2026. The company s net profit saw a significant 76 percent increase year-on-year. Revenue from operations also climbed by 16.6 percent compared to the same period last year. These figures highlight a period of robust growth for the Aditya Birla Group flagship.

Japan s Nikkei share average fell 2.5% on Wednesday, mirroring Wall Street s overnight declines, with technology stocks leading the losses. The index dropped as much as 4.65% before recovering slightly, as investors eyed potential buying opportunities below the 50,000 mark. Despite the dip, analysts anticipate a slow but steady rise for the Nikkei in the future.

European shares dipped to a two-week low on Wednesday, mirroring global investor nervousness over elevated equity valuations. Technology stocks led the decline, while Novo Nordisk slipped after issuing a cautious profit forecast. However, Vestas shares surged on better-than-expected earnings.

Edtech firm PhysicsWallah will open its Rs 3,480 crore IPO on 11 November. Backed by WestBridge Capital, the company reported strong revenue growth and narrowing losses in FY25.

DIIs raised stakes in nine NSE midcap stocks, signalling growing institutional confidence in India’s equity market.