Indian Markets Shut for Diwali Balipratipada as MRF, Kalyan Jewellers and Cochin Shipyard Report Q2 Results

India's stock, currency and debt markets were closed on Tuesday, Nov. 10, 2026, for Diwali-Balipratipada, but the September-quarter earnings season continued, with tyre maker MRF, Kalyan Jewellers, Cochin Shipyard and dozens of other companies reporting results during the holiday. Regular trading on the BSE and NSE resumes on Wednesday, Nov. 11.

Markets shut after a modest gain on Monday

According to The Hindu BusinessLine, equity, currency and debt trading was suspended for the day and will resume on Wednesday across all three segments. In the previous session on Monday, Nov. 9, the BSE Sensex rose 0.13% to close at 81,106.65 and the NSE Nifty 50 advanced 0.23% to 25,044.65. The rupee slipped 0.02% against the U.S. dollar to 93.9275, snapping a six-session winning streak, and the benchmark 6.94% 2036 government bond yield settled at 7.1529%, nearly 4 basis points below Friday's close.

ET Now reported that the holiday covers the equity, equity derivatives, currency derivatives and securities lending and borrowing segments. The Multi Commodity Exchange kept its morning session shut and was scheduled to reopen for the evening session from 5 p.m. to 11:30 p.m. India time, while the National Commodity & Derivatives Exchange was closed for the full day. The closure came two days after the special Muhurat trading session on Nov. 8 that marked the start of Samvat 2083. Two more equity market holidays remain this year: Nov. 24 for Guru Nanak Jayanti and Dec. 25 for Christmas.

MRF: revenue up, profit down

MRF reported a 12.9% year-on-year decline in consolidated net profit to Rs 417 crore for the July-September quarter of fiscal 2027, from Rs 479 crore a year earlier, according to The Economic Times. Consolidated revenue from operations rose 17.4% to Rs 8,660 crore from Rs 7,379 crore, while total expenses climbed 21.8% to about Rs 8,269.8 crore.

Consolidated EBITDA fell 14.9% to Rs 957 crore from Rs 1,125 crore, and the EBITDA margin narrowed to 11% from 15.25%, the report said. On a standalone basis, profit after tax fell 27.8% to Rs 369.15 crore from Rs 511.59 crore, while standalone revenue rose 17.6% to Rs 8,523.96 crore. The board declared an interim dividend of Rs 3 per share, or 30% of the Rs 10 face value, for the year ending March 31, 2027. The record date is Nov. 17, and payment will be made on or after Dec. 1.

Kalyan Jewellers, Cochin Shipyard and others

Kalyan Jewellers reported a 63.9% rise in consolidated net profit to Rs 427 crore from Rs 261 crore a year earlier, according to live results coverage by NDTV Profit. Revenue grew 31.4% to Rs 10,323 crore from Rs 7,856 crore, and EBITDA rose 29.7% to Rs 644 crore, with the margin at 6.2% compared with 6.3% a year ago. The quarter included a one-time gain of Rs 73.5 crore.

State-owned Cochin Shipyard reported a 50% drop in consolidated net profit to Rs 53.8 crore from Rs 107.5 crore, NDTV Profit said. Revenue rose 11.7% to Rs 1,249 crore, while EBITDA fell 30.8% to Rs 50.95 crore and the margin narrowed to 4.1% from 6.6%. The company will pay an interim dividend of Rs 3 per share and fixed Nov. 16 as the record date.

Matrimony.com posted consolidated net profit of Rs 20.7 crore compared with Rs 7.8 crore a year earlier, on revenue that rose 17.6% to Rs 135 crore, and said it will acquire an additional 50% stake in Astro-Vision Futuretech for Rs 8 crore. Whirlpool of India reported a 39% fall in net profit to Rs 25 crore even as revenue rose 13.7% to Rs 1,873 crore; its year-ago quarter included a one-time gain of Rs 10 crore. Hind Rectifiers said consolidated net profit fell 53.7% to Rs 6.8 crore although revenue rose 39% to Rs 316 crore.

NDTV Profit said 44 companies were scheduled to report on Tuesday, including Avanti Feeds, Titagarh Rail Systems, MMTC, Dredging Corporation of India and Suraksha Diagnostic.

Nifty 50 earnings scorecard

Among Nifty 50 constituents, 47 companies had reported September-quarter results as of Tuesday, NDTV Profit said. Of those, 27 beat estimates, 17 were in line and three missed. The outlet listed Adani Enterprises and Adani Ports among the key outperformers, and Asian Paints, Coal India and Maruti Suzuki among the underperformers.

In Monday's session, buying was concentrated in banks, The Economic Times reported, with the Nifty PSU Bank index rising nearly 4% as the best-performing sectoral index, while IT, metal and FMCG indices ended lower. The India VIX volatility gauge fell 5.5% to 17.42. The Sensex had climbed nearly 600 points from its intraday low that day before closing higher. The results announced during the holiday will be the first to trade when the exchanges reopen on Wednesday.