Indian Stock Market Ends Flat; Tata Steel Surges, Supreme Industries and Bata India Slip on Q2 Results

Economy

28th October 2025, 10:12 AM

Indian Stock Market Ends Flat; Tata Steel Surges, Supreme Industries and Bata India Slip on Q2 Results

▶

Stocks Mentioned :

Tata Steel Limited

Larsen & Toubro Limited

Short Description :

Indian stock market indices, the Sensex and Nifty, closed flat on Tuesday. Tata Steel was a top gainer, rising on strong global steel prices. Conversely, Supreme Industries and Bata India saw significant drops after reporting muted or declining quarterly earnings, impacted by weak demand and sales. Several companies, including Mahanagar Gas, Bharat Heavy Electricals, and Larsen & Toubro, are scheduled to release their September quarter results on October 29.

Detailed Coverage :

The Indian stock market concluded Tuesday's trading session with major indices showing little movement. The BSE Sensex closed down 0.09% at 84,703.73, and the NSE Nifty settled 0.11% lower at 25,936.20. The Nifty Bank index also ended down 0.17% at 58,214.10.

Among the top gainers, Tata Steel surged significantly, propelled by a strong rally in global steel prices and an upgrade from Motilal Oswal. Larsen & Toubro and State Bank of India also supported the market, ending in positive territory.

On the downside, Tech Mahindra, HCL Technologies, Bajaj Finserv, Bajaj Finance, and Trent were among the notable laggards. ICICI Bank also closed lower.

In intraday movements, Supreme Industries slumped over 4% following a weaker September quarter performance, with its EBITDA down 7% year-on-year due to poor demand and volatile PVC prices. Bata India tumbled 7% after its second-quarter net profit dropped 73% to Rs 13 crore, primarily due to sluggish sales. Kirloskar Oil Engines, however, rallied over 7% on positive operational updates, while MCX slipped more than 2% due to a technical outage disrupting trading.

Companies scheduled to announce their September quarter results on October 29 include Mahanagar Gas, NTPC Green Energy, Bharat Heavy Electricals, Coal India, RailTel Corporation, Steel Authority of India, Hindustan Petroleum Corporation, PB Fintech, Sanofi India, Larsen & Toubro, United Breweries, and Varun Beverages.

Impact: This news highlights mixed investor sentiment, with specific stock performance driven by individual company results and sector-specific factors like commodity prices. Upcoming earnings announcements will be crucial for future market direction. Impact Rating: 6

Difficult Terms: EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance. PVC: Polyvinyl Chloride, a common plastic material used in various industries. Q2: Second Quarter, typically referring to the period from July 1 to September 30 for financial reporting.