India’s equity markets closed lower as sustained selling by foreign institutional investors (FIIs) pressured benchmark indices and dampened risk appetite. The Sensex and the Nifty retreated from earlier levels as global uncertainties, a firm U.S. dollar, and cautious positioning ahead of key macro cues prompted overseas investors to pare exposure. Weakness in financials and information technology stocks dragged on the indices, offsetting selective buying in defensive sectors. While domestic institutional investors offered limited support, market sentiment remained guarded.

Sun Pharmaceutical Industries Ltd. has secured approval from India’s top drug regulator to manufacture a generic version of semaglutide, a widely used treatment for obesity and type 2 diabetes. The decision marks a strategic advance for the country’s largest drugmaker as it prepares to enter one of the fastest-expanding segments of the global pharmaceutical market. While commercial rollout will align with patent timelines, the regulatory clearance underscores Sun Pharma’s focus on complex generics and specialty medicines.

Adani Total Gas (ATGL) reported a 10% year-on-year increase in net profit for Q3, driven by robust sales of compressed natural gas (CNG) and city gas distribution volumes. Revenue growth was fueled by higher domestic consumption, expanding retail CNG stations, and stable industrial demand. Analysts note that the company’s strategic focus on clean energy solutions and urban gas penetration contributed to operational efficiency and margin resilience.

Ahead of the Union Budget 2026-27, Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has advocated for a scrappage incentive for ageing trucks to boost fleet modernization and curb environmental pollution. The company emphasizes that financial incentives for retiring older trucks would stimulate demand for new vehicles, improve fuel efficiency, and reduce carbon emissions. Analysts suggest that such measures could invigorate India’s commercial vehicle sector, drive industrial growth, and enhance road safety.

Fibe, a rising fintech player, has partnered with Flipkart to offer Buy Now, Pay Later (BNPL) options to millions of consumers, enabling flexible, short-term credit for online purchases. The collaboration aims to increase purchase affordability, boost conversion rates, and expand digital financial inclusion across India’s e-commerce ecosystem. By leveraging advanced risk assessment and seamless integration, Fibe is extending responsible consumer credit while enhancing shopping convenience.

DP World, a global leader in logistics and supply chain solutions, has announced plans to develop a major logistics hub in Madhya Pradesh. The initiative aims to strengthen regional trade connectivity, streamline warehousing, and enhance multimodal transportation infrastructure. The project is expected to attract investment, support local industries, and create employment opportunities. Analysts highlight that such strategic infrastructure development aligns with India’s broader logistics modernization goals, improving efficiency across supply chains and reducing transit costs.

Mphasis, a leading IT services and solutions provider, reported a marginal increase in net profit for the third quarter, reflecting steady demand across its digital and cloud offerings. Revenue growth remained moderate, supported by client expansion in BFSI, healthcare, and enterprise digital transformation services. Analysts noted that while margins were largely stable, competitive pricing pressures and currency fluctuations constrained stronger earnings growth.

Cyient, the engineering and technology solutions firm, reported a 25% decline in net profit for Q3, falling to Rs. 92 crore, primarily due to margin pressure and currency fluctuations. Revenue growth was modest as certain client segments experienced slower demand, impacting overall performance. Analysts noted that while core business segments remained operationally stable, rising costs and competitive pricing in international markets weighed on profitability. Management highlighted efforts to optimize costs and expand higher-margin services.

DLF, India’s leading real estate developer, reported a 14% increase in net profit for the third quarter, reaching Rs. 1,203 crore, driven by robust sales in residential and commercial segments. Revenue growth was supported by pre-launch bookings, project completions, and improved realizations across key urban markets. Operational efficiencies and disciplined cost management contributed to higher margins, highlighting DLF’s strategic focus on sustainable profitability.

Online travel platform ixigo posted a robust 54% increase in net profit for Q3, reaching Rs. 24 crore, as travel bookings surged following seasonal and post-pandemic demand recovery. Revenue growth was supported by higher flight, train, and bus bookings, along with increased monetization from premium services and advertising partnerships. Operational efficiencies and digital platform optimization contributed to margin expansion, underscoring ixigo’s ability to scale profitably in India’s competitive travel-tech ecosystem.