Indian equity markets are likely to open on a subdued note on Wednesday as Gift Nifty indicated weakness, while several stocks including Bajaj Finance, Adani Ports and Nazara Technologies are expected to remain in focus following quarterly results and corporate updates.
Gift Nifty futures were trading around 25,790 levels at about 8 am, down by nearly 75 points, signalling a flat to mildly lower opening for the Nifty 50 amid mixed cues from Asian markets and cautious investor sentiment.
On Tuesday, domestic equity markets recorded a sharp rally, marking the biggest single-day gain in more than eight months. Investor sentiment improved following an agreement to reduce tariffs on Indian goods from 50 percent to 18 percent, easing a key overhang on the market.
During the session, the Sensex surged as much as 4,025 points before paring some gains. The index ended the day up 2,073 points, or about 2.5 percent, at 83,739. The Nifty rose 639 points, or nearly 2.5 percent, to close at 25,728.
After Tuesday’s sharp rally, market participants are closely watching whether the momentum can be sustained or if some correction emerges. Global cues, crude oil prices, the dollar index and foreign investor activity are expected to influence market direction in the session.
Several stocks are likely to see movement on the back of December quarter results and key corporate developments.
Shares of Adani Ports and Special Economic Zone are expected to be in focus after the company reported a 21.2 percent year-on-year increase in net profit to ₹3,053 crore for the quarter ended December. The performance was supported by income from domestic and international ports, logistics and maritime businesses, along with improved cargo volumes and operational efficiency.
A number of large and mid-sized companies are scheduled to announce their December quarter results on Wednesday, including Bajaj Finserv, Tata Power Company, Apollo Tyres, Cummins India, Devyani International, Emami, Emcure Pharmaceuticals, Force Motors, Hexaware Technologies, iValue Infosolutions, JSW Cement, Kalpataru Projects International, Metropolis Healthcare, Apeejay Surrendra Park Hotels, TeamLease Services, Tube Investments of India, Trent and Zuari Agro Chemicals.
Bajaj Finance shares are also likely to be tracked closely after the company reported a 6 percent year-on-year decline in consolidated net profit to ₹4,066 crore for the quarter ended December 2025. The company incurred a one-time special expense of ₹265 crore towards higher gratuity liabilities, which impacted profitability.
Nazara Technologies reported a challenging December quarter, with consolidated net profit declining 68 percent year-on-year to ₹9.84 crore from ₹30.68 crore a year earlier. Revenue from operations fell 24 percent to ₹405.97 crore, reflecting pressure from weaker revenue growth and higher costs.
Aditya Birla Capital posted a 33.3 percent year-on-year increase in consolidated profit after tax to ₹965.85 crore for the December quarter. As of December 31, 2025, the company’s assets under management rose 19 percent to ₹5.98 lakh crore.
Mankind Pharma reported a 9.5 percent year-on-year increase in consolidated net profit for the December quarter, supported by demand for chronic therapies in the domestic market. Revenue from operations grew 11.5 percent to ₹3,567 crore.
Restaurant Brands Asia reported an 11.8 percent year-on-year rise in consolidated revenue to ₹714.8 crore in the third quarter. The company’s net loss narrowed to ₹43.5 crore from ₹50.3 crore in the corresponding quarter last year.
Pidilite Industries recorded a 10.1 percent year-on-year increase in consolidated revenue to ₹3,710 crore for the December quarter, while net profit rose 11.9 percent to ₹618 crore.
DAM Capital Advisors reported a weaker performance on a quarter-on-quarter basis, with consolidated total income declining 34.7 percent to ₹69.9 crore from ₹107 crore in the previous quarter. Profit fell 61.5 percent to ₹20.1 crore.
Vikran Engineering announced the incorporation of a wholly owned subsidiary, Vikran MP Solar Private Limited, to execute a solar power project in Chitrakoot, Uttar Pradesh. The project, valued at ₹459.20 crore with a capacity of 400 megawatts, has been awarded by NTPC Renewable Energy.
NBCC India secured construction contracts worth about ₹271.32 crore, including projects such as an Adhyay Bhawan in multiple cities, its headquarters on Lodhi Road, and a Namami Gange-linked aquarium and learning centre in Rishikesh.
