Asia Morning Briefing: Indian Markets Set for Soft Start; Q2 Results in Spotlight
New Delhi | November 3, 2025 — The Vagabond News
Indian equity markets are poised to open on a weaker note this morning after mixed global cues, with major companies such as Bharti Airtel Ltd and Power Grid Corporation of India Ltd due to announce their Q2 FY26 results. (Business Standard)
Key Market Indicators & Global Cues
- Futures of the GIFT Nifty were trading around 25,854, down roughly 40–50 points (≈0.2 %) from the previous close — a signal of a subdued opening for domestic markets. (Moneycontrol)
- Asian equity markets presented a mixed picture in early trade: South Korea’s KOSPI rose around 1%, Australia’s ASX 200 slipped, while Japan remained closed for a holiday. (Business Standard)
- Domestically, the benchmark indexes had ended the previous session on a weaker footing: the Nifty 50 closed near 25,722 and the BSE Sensex at 83,938, showing investor profit-booking and cautious sentiment. (The Economic Times)
Corporate Watch: Earnings on the Radar
- Bharti Airtel and Power Grid are among the high-profile companies releasing their September quarter results today. Their performance is expected to provide key signals on telecom and infrastructure sectors respectively. (mint)
- Early estimates for Bharti Airtel suggest Q2 revenue around ₹50,834 crore (+2.8 % q-o-q) and EBITDA of ₹28,589 crore (+2.7 % q-o-q), driven by subscriber additions in the wireless segment. (mint)
- Power Grid’s recent data indicates relatively modest growth: for example, revenue of ₹11,277.8 crore and net income of ₹3,547 crore for the quarter, signalling limited leverage for surprise upside. (mint)
Market Outlook & What to Watch
- Given the weak global impulses (stronger US dollar, cautious Fed posture) and domestic earnings season underway, investors are likely to adopt a wait-and-watch stance today.
- Key domestic data and corporate results may drive select stock movements, but broad market momentum could remain muted unless a strong positive surprise emerges.
- Sector-wise, telecom and infrastructure stocks will be under the spotlight given Airtel and Power Grid’s results; meanwhile, financials, metals and consumption sectors may respond to broader macro cues.
- With the GIFT Nifty signalling a lower start and Asian peers mixed, the first hour of trade will be crucial to gauge direction.
The Vagabond News | Markets Desk
Related Links
- Stock Market LIVE: GIFT Nifty down; Asian markets mixed; Bharti Airtel, Power Grid Q2 results today
- Q2 results today: Bharti Airtel, Titan, Power Grid among companies to declare earnings on Monday — Nov 3
Would you like a sector-wise breakdown (telecom, infrastructure, banking) of expectations for the Q2 results too?
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