India’s Sensex and Nifty 50 started Monday, Oct. 26, below their previous closes, Hindustan Times reported, as oil prices eased and quarterly results from three major companies diverged.
Reuters reported Brent crude futures at $114.60 a barrel, down 1.82%, at 10:32 p.m. ET Sunday (02:32 UTC Monday), after the benchmark approached a six-month high last week. Reuters linked supply worries to Houthi attacks in Saudi Arabia and said Saudi authorities reported intercepting missiles and drones. Later, Hindustan Times put Brent at $114.02 a barrel at 11:41 p.m. ET Sunday (03:41 UTC Monday), down from nearly $117 the previous week. Hindustan Times also linked elevated crude prices to inflation concerns.
Infosys reported $5.145 billion in revenue for the quarter ended Sept. 30. At constant currency, sales were 1.5% above the year-earlier period and 1.2% higher than the preceding quarter. The company’s fiscal 2027 outlook calls for revenue growth of 1%-2% on that basis. North American revenue was down 1.5% year over year in constant-currency terms; AI revenue, 10.5% of total sales, increased 29% quarter over quarter.
Kotak Mahindra Bank posted standalone profit after tax of ₹4,212 crore, up 29% year over year. Consolidated profit after tax reached ₹5,645 crore, an increase of 26%. Provisions declined 15% year over year to ₹803 crore, while net advances grew 25% year over year to ₹577,295 crore as of Sept. 30. EconoTimes previously covered the bank’s profit growth alongside a narrower net interest margin.
Dr. Reddy’s Laboratories recorded revenue of ₹86,708 million, down 1.5% year over year, and profit after tax attributable to equity holders of ₹9,250 million. Revenue in India rose 17%, while North American revenue fell 23%.
The Federal Open Market Committee (FOMC), the Fed’s policy-setting group, is scheduled to meet Tuesday and Wednesday, Oct. 27-28.
