Indian stock markets extended their rally for the second straight session on October 16, supported by strong global cues. The Sensex surged 862 points to close at 83,467.66, while the Nifty 50 gained 263 points to end at 25,585.30. Buying interest was seen across major sectors, led by FMCG, realty, and auto stocks, though pharma stocks remained subdued.
These companies will be in focus as they are set to announce their Q2 FY26 results today, which could influence market direction.
Infosys reported a 2.2% QoQ revenue growth in constant currency for Q2FY26, beating expectations. It raised its FY26 revenue forecast to 2–3%, maintaining EBIT margin guidance at 20–22%.
Wipro’s quarterly revenue rose 2.5% sequentially to ₹22,641 crore, though slightly below projections. Its EBIT climbed 6% QoQ to ₹3,783 crore, with operating margins improving to 16.7%.
Jio financial arm of Reliance reported a 41% YoY revenue rise to ₹981.4 crore, driven by strong growth in lending, asset management, and payment services.
The solar PV module maker posted an impressive 133% jump in consolidated net profit to ₹842 crore for Q2FY26, supported by robust clean energy demand.
Tata Steel signed a long-term deal with Air Water India (AWIPL) for operating and maintaining its Air Separation Unit (ASU) in Jamshedpur, strengthening its operational efficiency.
BEML inked an MoU with Kineco Ltd to collaborate on advanced composite production for defence and aerospace applications.
The footwear retailer’s Q2 net profit dropped 4.2% YoY to ₹69 crore, while revenue rose 11.2% to ₹651 crore, reflecting steady consumer demand.
The company secured a significant order of 1,937 buses from Tamil Nadu State Transport Undertakings (TNSTUs), reinforcing its partnership in public transport.
Zee reported a 63% YoY decline in Q2 net profit to ₹76.5 crore, down from ₹209.4 crore last year, due to lower advertising revenue.
Also Read: RBI Unveils Retail Digital Currency Sandbox!
As markets sustain upward momentum, investors will closely track Q2 results and key corporate developments from major companies like RIL, Infosys, and Tata Technologies. Positive earnings and strategic partnerships could further boost market sentiment in today’s session.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a pe₹onal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 17, 2025, 9:09 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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