Stock Market Live Updates | Markets Mid-Day: Nifty Tests 26,000 as Auto Powerhouse M&M Surges 47% in Q3

The Indian equity markets are showing a classic case of sectoral rotation this Wednesday. While the Sensex remains relatively flat, the Nifty 50 is showing resilience near the 25,920 mark. The day’s narrative is dominated by a breakout in the Auto sector, largely fueled by a stellar earnings report from Mahindra & Mahindra (M&M), which has offset the drag from a cooling IT sector.

Earnings Spotlight: Mahindra & Mahindra (M&M) Q3 FY26

M&M has delivered a blockbuster set of numbers for the October–December 2025 quarter, proving that the Indian consumer’s appetite for SUVs and farm equipment remains robust.

• Net Profit: Jumped an impressive 47% year-on-year to ₹4,674 crore.

• Revenue: Rose by 25.6% to reach ₹52,100 crore.

• Key Drivers: Strong volume growth in the SUV segment and steady margins in the tractor business.

Sectoral Heatmap: Auto Accelerates, IT Struggles

The market is currently split between domestic consumption plays and global cyclical concerns:

• The Gainers (Auto & Healthcare): The Nifty Auto index is up over 1%. Eicher Motors hit a new 52-week high of ₹7,786 following its own strong results. Apollo Hospitals and Max Healthcare are leading the charge in the pharma space as defensive buying kicks in.

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• The Laggards (IT & Commodities): The IT index has shed 1%, with heavyweights like TCS, Infosys, and HCL Tech under pressure. This follows global cues and a cautious outlook on discretionary tech spending. Coal India and ITC are also seeing mild profit booking.

Market Snapshot

Expert Take: What Should Investors Do?

With the Nifty hovering just below the psychological 26,000 mark, the trend remains “buy on dips.” However, the divergence between sectors suggests that stock-specific action is the way forward. While Auto and Healthcare show momentum, the IT sector might require a “wait and watch” approach until global cues stabilize.

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