Nifty 50 closed at 23,053.10, up 0.51%; Pharma & Healthcare leads, Consumer Durables lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.95, rupee firmer by 0.27% on the session
• India VIX: 15.30 (+1.2%)
• Gold (rupee terms): -0.98% on the session, -0.6% over five sessions

Key drivers

Markets

• Nifty Pharma index hits record high; Sun, Laurus, Zydus, Sai rally up to 6%. Among others, Mankind Pharma, Ipca Laboratories, Torrent Pharmaceuticals, Divis Laboratories, Cipla and Aurobindo Pharma were up 2% each in Friday's trade. (Business Standard Mkts)
• Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead?. Indian equities turned lower as crude oil prices crossed $116 per barrel, raising concerns about inflation and economic growth. While the Sensex and Nifty posted modest declines, midcap and smallcap indices fell more sharply amid weak market breadth. (ET Stocks)
• Can Sensex, Nifty extend rally on Friday? Here's what market analysts say. Technical analysts believe that the Sensex and Nifty can extend their rally in the near-term, with indices closing above the short-term moving averages, and positive cues from momentum indicators. (Business Standard Mkts)
• Stock Market Highlights: Sensex Jumps 905 Points, Nifty 50 Ends Above 22,900; Adani Stocks, Kotak Bank Lead Rally. Barring Nifty Auto, all other sectoral indices traded in the green, with Nifty FMCG, Nifty IT, Nifty PSU Bank and Nifty Realty indices rising the most. (NDTV Profit)

Read more Nifty Pharma index hits record high; Sun, Laurus, Zydus, Sai rally up to 6% · Sensex, Nifty turn lower; broader markets crash as oil tops $116/barrel. What lies ahead? · Can Sensex, Nifty extend rally on Friday? Here's what market analysts say · Stock Market Highlights: Sensex Jumps 905 Points, Nifty 50 Ends Above 22,900; Adani Stocks, Kotak Bank Lead Rally

Economy & policy

Economy and policy

• Food Inflation Hits 7.74%, Onion Prices Surge 108%. Can The Rate Hike Contain Price Pressures?. Food inflation jumped to 7.74% in September as onion prices surged 108% and sugar rose 30%. The RBI's 25-basis-point rate hike faces a test amid rising commodity prices. (NDTV Profit)
• Avadhut Sathe case: Why ASTA may challenge SEBI order before SAT over ‘grey areas’ in stock-market education rules. Avadhut Sathe and his academy may appeal to the Securities Appellate Tribunal against SEBI’s order, which found they provided unregistered investment advice and research services. (LiveMint Markets)
• Monsoon woes, crude concerns, inflation worries may cloud India’s second-half growth momentum. ICRA chief economist Aditi Nayar expects the RBI to deliver another 25-bps rate hike in December but cautions against aggressive monetary tightening that could choke domestic demand. (Business Today Mkts)
• Trent net profit up 25% despite cost pressures and stiff competition. Tata's Trent retailer reported significant financial success, posting a 25% rise in net profit, which hit ₹468 crore for the quarter ending in September. The company's revenue jumped by 22%, reaching ₹5,873 crore. (Economic Times Markets)

Read more Food Inflation Hits 7.74%, Onion Prices Surge 108%. Can The Rate Hike Contain Price Pressures? · Avadhut Sathe case: Why ASTA may challenge SEBI order before SAT over ‘grey areas’ in stock-market education rules · Monsoon woes, crude concerns, inflation worries may cloud India’s second-half growth momentum · Trent net profit up 25% despite cost pressures and stiff competition

Companies

• Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings. Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, and Dixon Technologies, are among the 213 companies scheduled to announce their Q2 results today, October 30. (NDTV Profit)
• Q2 Results Live: Capital Small Finance Bank Profit Rises 31%; Coal India Profit Jumps 53%; Indegene Profit Surges 10%. Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. (NDTV Profit)
• TVS Motor to raise e2W capacity to 80,000 units a month by March 2027. TVS Motor Company plans to increase its electric two-wheeler manufacturing capacity to 80,000 units per month by the end of March 2027 to meet strong demand for electric scooters, according to a senior company official. "Now we are also enhancing the… (BS Companies)
• Why is VBL down 5% despite Q3 PAT jumps on double-digit volume growth?. Varun Beverages reported a 13.54 per cent on-year increase in consolidated net profit to ₹830.6 crore for Q3CY2026, driven by double-digit volume growth in India and international markets. (Business Standard Mkts)

Read more Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings · Q2 Results Live: Capital Small Finance Bank Profit Rises 31%; Coal India Profit Jumps 53%; Indegene Profit Surges 10% · TVS Motor to raise e2W capacity to 80,000 units a month by March 2027 · Why is VBL down 5% despite Q3 PAT jumps on double-digit volume growth?

Companies

New issues

• BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status. The shares are scheduled to list on the BSE and NSE on November 3, 2026. A grey market premium (GMP) of Rs 68 suggests potential listing gains of about 45%, although this is not guaranteed. (Economic Times Markets)
• Core4 Engineers SME shares to list today: Check IPO subscription status and other key details. Core4 Engineers will make its debut on the BSE SME platform on October 30 after its Rs 54.82 crore IPO was subscribed 5.44 times. The NII category led demand with 12.26 times subscription, followed by QIBs at 5.06 times and individual investors at 2.72 times. (Economic Times Markets)
• IPO, FPO and SME listing rules: SEBI to review framework, says Chairman Tuhin Kanta Pandey. SEBI is reviewing IPO, FPO and SME listing rules, seeking clearer disclosures, stronger oversight of IPO proceeds and lower-cost, more efficient SME listings. (LiveMint Markets)
• Exclusive | Cult.Fit Completes IPO Roadshows, Targets Mid-December Listing. The IPO is expected to provide an exit opportunity to some early investors who have been invested in the company for several years, while bringing in long-term institutional shareholders. (NDTV Profit)

Read more BLS Polymers IPO allotment likely today; GMP hints at 45% listing gain. Here's how to check status · Core4 Engineers SME shares to list today: Check IPO subscription status and other key details · IPO, FPO and SME listing rules: SEBI to review framework, says Chairman Tuhin Kanta Pandey · Exclusive | Cult.Fit Completes IPO Roadshows, Targets Mid-December Listing

Currency, commodities & rates

World

• Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes. Gold futures on MCX fell to around ₹1.41 lakh per 10 gm and silver to ₹1.86 lakh per kg as persistent US inflation concerns fuelled expectations of tighter monetary policy (Business Standard Mkts)
• Bulls return as Fed rate pause, dip in US yields lift sentiment. Indian equities experienced a broad recovery as Sensex rose significantly and Nifty surpassed 22,900. This increase followed the US Federal Reserve's decision to keep interest rates unchanged, encouraging investor buying across sectors. (Economic Times Markets)
• ZFunds brings US stocks and ETFs to distributors, beyond DIY apps. The platform allows mutual fund distributors and wealth managers to offer international investments as demand grows for products and themes unavailable in India (Business Standard Mkts)
• IndiGo posts Rs 1,879-crore loss as high fuel costs, geopolitical woes hit; capacity cuts & yield management offer only partial relief, says CEO Willie Walsh. IndiGo reported a net loss of Rs 1,879 crore in the September quarter as a sharp rise in jet fuel prices and foreign exchange costs offset strong revenue growth. While revenue increased 26% year-on-year to Rs 23,363.8 crore, fuel costs surged more than 67%. (ET Stocks)

Read more Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes · Bulls return as Fed rate pause, dip in US yields lift sentiment · ZFunds brings US stocks and ETFs to distributors, beyond DIY apps · IndiGo posts Rs 1,879-crore loss as high fuel costs, geopolitical woes hit; capacity cuts & yield management offer only partial relief, says CEO Willie Walsh

What matters next