Indian Markets Slip; Focus on Infosys, Apollo Hospitals, Airtel, Nykaa, Bajaj Housing & Trent

Indian equity markets drifted lower on Thursday as the NIFTY 50 breached its key short-term support level of the 20-day exponential moving average and edged toward the 25,400 zone. Several heavyweight stocks captured attention amidst the weak market tone.

Infosys Ltd remains under the spotlight as it fixed November 14 as its record date for a massive Rs. 18,000 crore share buy-back.

Apollo Hospitals Enterprise Ltd posted a 26 % y-o-y rise in profit after tax for Q2 FY26, reaching Rs. 477 crore, while revenue rose 13 % to Rs. 6,304 crore. The company’s hospital, diagnostics and digital health verticals all showed strength.

Bharti Airtel Ltd saw movement ahead of a large block deal by its shareholder Singtel (via its subsidiary Pastel) which is set to offload about 0.8 % stake valued at roughly Rs. 10,300 crore.
Nykaa Ltd is also in focus ahead of its Q2 results.

Bajaj Housing Finance Ltd posted Q2 numbers including ~18 % y-o-y growth in PAT to Rs. 643 crore and net interest income jumping 34 % to ~Rs. 956.5 crore.

Trent Ltd, the retail firm, also found mention in market watchers’ lists of stocks to watch.

The broader backdrop remains cautious. Analyst commentary highlights that a decisive fall below the 20-day EMA signals weakening short-term momentum for the market and raises the risk of a further slide if key support fails to hold.