Benchmark indices were little changed after last month’s sharp advance, with earnings dispersion driving early tone. Bharti Airtel posted an 89% YoY net profit jump to ₹6,791.7 crore with revenue up 25.7% to ₹52,145 crore, while Titan reported a 59.1% YoY profit rise to ₹1,120 crore and revenue growth of 28.8% to ₹18,725 crore. Banks and diversified financials lagged on risk-management caution and funding-cost sensitivity. Flows continue to rotate into defensible growth—telecom, staples, select pharma—while traders await macro catalysts and RBI commentary to firm up trajectory into the November results stretch.