Tata Technologies Net Profit Rises 2% YoY to ₹165.5 Crore; Polycab Revenue Surges 17.8%

  In a recent financial update, Tata Technologies reported a modest 2% year-on-year (YoY) increase in its net profit for Q2 FY26, reaching ₹165.5 crore . Meanwhile, Polycab India , a leading electrical goods manufacturer, showcased robust growth with a 17.8% YoY revenue increase , signaling strong market demand and operational efficiency. These results highlight the resilience and growth potential of both companies in their respective sectors. Tata Technologies: Steady Growth with Strategic Focus Commenting on the earnings, Warren Harris , Chief Executive Officer and Managing Director at Tata Technologies, emphasized the company’s strong performance in Q2 FY26. He noted, “Q2 FY26 was a quarter of strong progress and positive momentum. We achieved a return to growth, upheld margin discipline, strengthened our strategic position in Europe, advanced our innovation agenda, and continued to invest in talent and partnerships that fuel long-term value creation.” Despite anticipating...
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Market Wrap, September 10: SENSEX Surges 324 Points, NIFTY50 Hits 24,973 Amid IT Rally

 

The Indian stock market extended its winning streak for the sixth consecutive session on September 10, 2025, buoyed by a robust rally in IT stocks, positive global cues, and foreign fund inflows. The S&P BSE SENSEX climbed 323.83 points, or 0.40%, to close at 81,425.15, while the NSE NIFTY50 gained 104.50 points, or 0.42%, settling at 24,973.10 after hitting an intraday high of 25,035.70.

IT Sector Shines, Auto Faces Profit Booking

The Nifty IT index stole the spotlight, soaring 2.63%, driven by standout performances from Oracle Financial Services Software (up 10.54%), Persistent Systems (up 5.51%), and Coforge (up 4.27%). Other IT heavyweights like BEL and Wipro also contributed significantly to the sector’s gains, reflecting strong investor confidence in technology stocks.

In contrast, the Nifty Auto index saw a decline of 1.28%, as investors booked profits after recent gains. This divergence highlights the market’s selective approach, with IT emerging as the key driver of the day’s rally.

Positive Global Cues and Trade Optimism

Investor sentiment received a boost from encouraging trade developments between India and the US. On Tuesday, Prime Minister Narendra Modi and US President Donald Trump exchanged positive messages, signaling progress in trade negotiations despite ongoing tensions over India’s Russian oil purchases and new US tariffs on Indian goods. These developments, combined with steady foreign fund inflows, supported the market’s upward momentum.

Key Takeaways for Investors

  • SENSEX and NIFTY50 Performance: The SENSEX closed at 81,425.15, up 0.40%, while the NIFTY50 ended at 24,973.10, up 0.42%.

  • Sector Highlights: Nifty IT surged 2.63%, led by Oracle Financial Services, Persistent Systems, and Coforge, while Nifty Auto dipped 1.28%.

  • Global Influence: Positive trade talks between India and the US, along with foreign fund inflows, bolstered market sentiment.

Looking Ahead

The Indian market’s resilience, driven by IT strength and positive global developments, underscores its appeal for investors. However, selective profit booking in sectors like auto suggests caution. As trade negotiations progress and global cues evolve, investors should stay agile, focusing on sectors with strong fundamentals like IT while monitoring potential volatility in others.

Stay updated with the latest market trends and insights to make informed investment decisions.

Comments

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