Indian equity markets are expected to open flat to marginally lower on Thursday, February 5, 2026, amid indications of weakness in global markets. Gift Nifty futures were trading around 21 points lower at 25,821 at around 8 am, signalling a slightly lower start for the Nifty-50.
In the previous session on Wednesday, Indian benchmark indices Nifty-50 and Sensex ended higher for the third consecutive session despite volatility in the technology sector. Investor focus on Thursday will remain on quarterly earnings, corporate announcements and global cues.
The information technology sector is expected to remain in focus following the quarterly results of Nasdaq-listed IT services company Cognizant. The company reported a 19 percent year-on-year increase in net profit to $648 million for the fourth quarter, while total revenue rose 4.9 percent to $5.3 billion. On a constant currency basis, revenue growth stood at 3.8 percent. Cognizant follows a January–December financial year and has projected full-year revenue growth of 4 to 6.5 percent for 2025.
Fashion and lifestyle retailer Trent Ltd reported a mixed performance for the October–December quarter of financial year 2025–26. Consolidated net profit increased 3.1 percent year-on-year, while operating revenue rose 14.8 percent to Rs 5,345.1 crore. The company stated that consolidated revenue does not include revenue from the Trent Hypermarket business due to accounting standards.
Tata Group company Tata Power reported a marginal increase in consolidated net profit to Rs 1,194 crore in the third quarter of the current financial year, compared with Rs 1,188 crore in the corresponding quarter of the previous year. The company recorded a decline in revenue during the quarter.
Bajaj Group financial services firm Bajaj Finserv reported an almost flat performance in the October–December 2025 quarter. Consolidated net profit stood at Rs 2,229 crore, compared with Rs 2,231 crore in the same quarter a year earlier. Total income during the quarter increased to Rs 39,708 crore.
Apollo Tyres reported higher earnings in the third quarter of financial year 2025–26, supported by demand in domestic and export markets. Net profit rose 40 percent year-on-year to Rs 471 crore, compared with Rs 337 crore in the corresponding quarter last year.
Pune-based Emcure Pharmaceuticals reported a 48 percent year-on-year increase in profit after tax to Rs 231 crore in the third quarter of financial year 2025–26. Revenue from operations increased 20 percent to Rs 2,363 crore. The company recorded a one-time provision of Rs 38 crore related to the new Labour Code, which led to an around 8 percent quarter-on-quarter decline in profit. Employee costs rose 5.56 percent year-on-year.
FMCG company Emami reported a 14.5 percent year-on-year increase in consolidated net profit to Rs 319.48 crore for the October–December quarter, compared with Rs 279 crore in the same period last year. Consolidated revenue from operations rose 9.8 percent during the quarter.
Private sector lender Tamil Nadu Mercantile Bank reported a 14 percent year-on-year increase in net profit to Rs 342 crore for the December quarter, compared with Rs 300 crore a year earlier. Total income for the quarter increased to Rs 1,665 crore.
Shares of depository company NSDL may remain in focus as approximately 14.92 crore shares, representing around 75 percent of the company’s equity, become available for trading following the end of the six-month post-IPO lock-in period, potentially leading to increased volatility.
FMCG company Marico announced a strategic investment in Cosmix Wellness Private Limited, a digital-first functional wellness brand. Under the transaction, Marico will acquire a 60 percent stake in the paid-up share capital of Cosmix, subject to regulatory approvals and conditions.
NHPC said its board has approved the cancellation of the memorandum of understanding signed with Odisha Green Energy Development Corporation for a proposed joint venture related to solar power projects in Odisha.
