Indian Stock Market: Tata Power Results, IIFL Finance Investment and Key Corporate Updates in Focus
The Indian stock market is expected to open with limited movement on Wednesday, November 11, 2026, following the Diwali holiday. Shares of several companies, including Tata Power, will remain in focus as they announce their quarterly results. Meanwhile, Kalyan Jewellers, IIFL Finance and MRF are likely to attract attention amid key corporate developments.
Trading in the Indian stock market will resume on Wednesday, November 11, 2026, following the Diwali holiday. At around 7:30 am, GIFT Nifty was trading 3 points higher at 25,331.50, indicating a relatively flat opening for domestic equities.
However, some analysts expect the market to open higher, considering the recent gains and renewed buying by foreign investors. Investors will track quarterly earnings announcements and movements in international markets during the session.
Indian equity markets recorded gains over the previous few trading sessions. On Monday, November 9, the Sensex advanced 107.25 points to close at 81,106.65. The Nifty also gained 58.25 points to settle at 25,044.65.
According to market experts, investors may resort to profit booking following the recent rally. However, easing crude oil prices, improved expectations regarding corporate earnings and the return of foreign investors could provide support to the market.
Developments in US equity markets and global economic indicators will also remain important factors for investors.
Several companies are scheduled to announce their September-quarter financial results on Wednesday. These include Tata Power, Hindustan Copper, Garden Reach Shipbuilders & Engineers, Triveni Turbine and Mishra Dhatu Nigam.
Other companies scheduled to report their results include Bajaj Hindusthan Sugar, EAAA India Alternatives, Lalita Jewellery Mart, Lotus Eye Hospital and Institute, Power Mech Projects and Talbros Automotive Components.
Investors will monitor these companies' profits and revenue, along with expenses, margins and business outlook for the coming quarters.
Kalyan Jewellers India reported a 63.9% increase in profit for the September quarter to Rs 427.1 crore, compared with Rs 260.5 crore in the corresponding quarter of the previous year. Revenue increased 31.4% to Rs 10,322.6 crore.
In contrast, Avanti Feeds reported a 55% decline in profit to Rs 68.95 crore. However, its revenue from sales increased 8.9% to Rs 1,752.5 crore.
Cochin Shipyard's profit declined by around 50% to Rs 53.8 crore, while its revenue increased 11.7% to Rs 1,249.2 crore.
Tyre manufacturer MRF reported a 26.6% decline in profit to Rs 387 crore. Its revenue, however, increased 17.4% to Rs 8,660.2 crore.
Whirlpool of India's profit fell 40% to Rs 25.1 crore, while revenue increased 13.7% to Rs 1,873.1 crore.
Electric bus manufacturer Olectra Greentech reported a 6.8% increase in profit to Rs 52.9 crore. Its revenue rose 4.6% to Rs 687 crore.
Titagarh Rail Systems reported a 49.2% increase in profit to Rs 63.2 crore. However, the company's revenue declined 0.8% to Rs 792.6 crore.
The quarterly performance of both companies will remain a factor for investors tracking their shares.
IIFL Finance's board has approved a fundraising plan of Rs 6,414 crore through a preferential issue. Funds associated with Blackstone will invest Rs 5,000 crore through compulsorily convertible preference shares.
Meanwhile, Ashoka Buildcon has secured a road project worth Rs 865.90 crore from the National Highways Authority of India (NHAI).
IRB Infrastructure reported toll collection revenue of Rs 835.6 crore in October, registering a 25.9% increase compared with the corresponding period last year.
Elcon Builders and Engineers, a subsidiary of GPT Infraprojects, emerged as the lowest bidder (L-1) for a railway project worth Rs 103.58 crore. However, being declared the L-1 bidder is distinct from receiving the final contract.
State-owned Bharat Heavy Electricals Limited (BHEL) has received relief from the Telangana tax department, which has cancelled a GST demand of Rs 207.26 crore related to the financial year 2022-23.
The cancellation covers the associated interest and penalty as well.
HCL Technologies has introduced a new product lifecycle management solution for the semiconductor industry. The solution is based on PTC's Windchill platform.
