Sensex Reclaims 74,000 and Nifty Nears 23,000, but Can Bulls Survive the Big Tech Rout and $114 Brent?
Sensex Reclaims 74,000 and Nifty Nears 23,000, but Can Bulls Survive the Big Tech Rout and $114 Brent?
Pre-market edition, Friday 30 October 2026. Closing data is as of market close, Thursday 29 October 2026; global cues as of about 8 AM IST, 30 October.
Quick Summary: Thursday’s Scorecard (29 Oct 2026 close)
- BSE Sensex: 74,151.04, up 905.01 points (+1.24%)
- NSE Nifty 50: 22,936.75, up 237.90 points (+1.05%)
- Nifty Bank: 54,909.65, up 642.25 points (+1.18%)
- India VIX: 15.12, down 6.9%
- FII / DII (provisional): FIIs net sold ₹943.60 crore; DIIs net bought ₹1,924.41 crore
- Top sector: Nifty Realty, up 2.75%, followed by FMCG (+2.34%) and PSU Bank (+2.20%)
Dalal Street just staged its strongest single-day bounce in two weeks, yet the overnight screens tell a very different story. On Thursday, the BSE Sensex jumped 905 points to its highest close since mid-October while the NSE Nifty 50 finished a whisker below the psychologically important 23,000 mark. Overnight, Alphabet suffered the worst day in its history, Nasdaq slid 1.38% and Kospi cracked more than 5% in early Asian trade on Friday.
So which force wins on Friday? This Indian stock market today briefing unpacks exactly that. You will find the full session data, the macro numbers driving RBI repo rate expectations, Nifty support and resistance maps, October’s Sensex versus Nifty scorecard, 16 stock screens, sector performance India 2026 trends, top gainers and losers, actionable trade setups and portfolio ideas for every risk profile.
Indian Market Overview: Why Did Bulls Suddenly Return After a Two-Day Slide?
The rebound was broad and decisive. According to BSE data, the Sensex opened at 73,268.47, slipped to 73,188.24 and then climbed to 74,164.45 before settling at 74,151.04, snapping a two-session losing streak. The NSE Nifty 50 moved between 22,656.75 and 22,961.95 and closed at 22,936.75.
Banks did the heavy lifting. Nifty Bank touched 54,980 and closed at 54,909.65, while Nifty Financial Services rose 1.17% to 24,704.55. The Nifty Midcap 100 gained about 0.98% and the Smallcap 100 about 0.93%.
| Indicator (29 Oct 2026) | Reading |
|---|---|
| Sensex | 74,151.04, +905.01 (+1.24%), highest close since mid-October |
| Nifty 50 | 22,936.75, +237.90 (+1.05%), above the 20-day EMA |
| Nifty Bank | 54,909.65, +642.25 (+1.18%) |
| Advance-decline (NSE) | 2,443 up, 1,615 down, 127 unchanged; ratio approx. 1.51 |
| 52-week highs / lows | 54 highs, 117 lows |
| Upper / lower circuits | 140 upper, 69 lower |
| India VIX | 15.12, down 6.9% |
| FII net (cash) | Sold ₹943.60 crore |
| DII net (cash) | Bought ₹1,924.41 crore |
FIIs had bought ₹4,240.39 crore on 27 October, per NSE provisional data, before turning sellers again. HDFC Sky data shows October FPI outflows of about $3.74 billion.
Vinod Nair of Geojit Investments credited the Fed’s pause, easing crude and institutional buying, while flagging Brent, the rupee and bond yields as risks. Siddhartha Khemka of Motilal Oswal linked the recovery to US-Iran peace talk hopes and an upward GDP revision. As per Business Standard, the Nifty is still about 13% below its 52-week high.
Key Economic Drivers: Is India’s Growth Story Strong Enough to Absorb a Rate Hike?
Can strong growth offset rising inflation and a tightening RBI? Here is how each official data point feeds into stock prices.
India GDP Growth Trajectory: 7.8% in Q1 FY27 Sets a High Bar
According to MoSPI’s release of 31 August 2026, real GDP grew 7.8% in Q1 FY27 (April to June 2026), up from 6.9% a year earlier and above the RBI’s 7.0% projection. Gross fixed capital formation rose 11.9%, a sign the investment cycle is alive.
The Finance Ministry projects FY27 growth at 7.3%, ahead of the RBI’s earlier 6.7% estimate.
What this means for markets: Capex strength supports capital goods, power and bank credit, though earnings upgrades will stay selective.
CPI Inflation Trend: Why 5.54% Has the Street Worried
CPI inflation for September 2026 rose to 5.54% from 4.83% in August, per MoSPI data released on 12 October, with food inflation at 7.74%. Headline inflation has climbed every month since January, when it was just 2.75%.
WPI inflation is hotter at 11.39%, and Crisil sees scope for another 25 basis point hike in December.
What this means for markets: Sticky inflation keeps bond yields firm and pressures rate-sensitive realty, NBFC and auto stocks, while squeezing FMCG margins.
RBI Repo Rate Today: First Hike Since 2023 Changes the Playbook
At the 63rd MPC meeting from 5 to 7 October 2026, Governor Sanjay Malhotra’s committee unanimously raised the repo rate by 25 basis points to 5.50%, the first hike since February 2023. The stance shifted to “calibrated tightening” on a 4-2 vote.
The SDF is 5.25% and MSF 5.75%; the next review is due on 2 to 4 December 2026.
What this means for markets: Banks with low-cost deposits can defend margins; a second hike in December would weigh on realty and discretionary names.
PLFS Unemployment Data: Labour Market Holds Firm at 5.0%
The PLFS for September 2026, released on 15 October, put unemployment at 5.0%, with rural at 4.2%, urban at 6.9% and participation at 55.5%.
What this means for markets: A stable job market, plus the PM-Kisan payout and DA hike, underpins spending on FMCG, two-wheelers and quick commerce.
Nifty Today: The 23,100 Wall Every Trader Is Watching
Can the Nifty finally close above 23,000? Here is the full technical checklist from the 29 October session.
- Open: 22,690.65
- High: 22,961.95
- Low: 22,656.75
- Close: 22,936.75
- Change: +237.90 points (+1.05%)
- Pivot point (classic, from 29 Oct OHLC): 22,851.82
- Resistance: R1 23,046.88, R2 23,157.02; Sudeep Shah of SBI Securities sees the hurdle at 23,080 to 23,100
- Support: S1 22,741.68, S2 22,546.62; SBI Securities places support at 22,830 to 22,800
- Put-Call Ratio: 1.175 for the 3 November expiry (NiftyTrader), up from 1.01 on 28 October
- Maximum Call OI: 23,500 strike
- Maximum Put OI: 22,000 strike; max pain at 22,900
- Futures: November contract at 23,053, a 116.25-point premium
- Candlestick: strong bullish candle closing near the high, above the 20-day EMA, with RSI back above 50
- Trend verdict: short-term bullish inside a medium-term downtrend
- Outlook: GIFT Nifty at 22,988 hints at a softer start; holding 22,800 keeps 23,250 in play, per SBI Securities, while Apurva Sheth of Samco sees scope for 23,500
For Bank Nifty, Liquide pegs support at 54,600 and resistance at 55,300, while Jatin Gedia of Teji Mandi sees 56,000 possible above 54,700.
BSE Sensex vs Nifty 50 in October 2026: Who Is Winning the Month?
Which benchmark has delivered more this month? The table tracks every October session, with month-to-date (MTD) changes calculated from 30 September closes of 72,480.29 (Sensex) and 22,620.45 (Nifty). Markets were shut on 2 and 20 October.
| Date | Sensex Close | Sensex Day % | Sensex MTD % | Nifty Close | Nifty Day % | Nifty MTD % |
|---|---|---|---|---|---|---|
| 1 Oct | 71,909.70 | -0.79% | -0.79% | 22,421.95 | -0.88% | -0.88% |
| 5 Oct | 72,382.47 | +0.66% | -0.13% | 22,555.75 | +0.60% | -0.29% |
| 6 Oct | 73,067.81 | +0.95% | +0.81% | 22,776.10 | +0.98% | +0.69% |
| 7 Oct | 72,638.70 | -0.59% | +0.22% | 22,603.05 | -0.76% | -0.08% |
| 8 Oct | 71,593.24 | -1.44% | -1.22% | 22,231.80 | -1.64% | -1.72% |
| 9 Oct | 72,472.33 | +1.23% | -0.01% | 22,520.45 | +1.30% | -0.44% |
| 12 Oct | 71,924.68 | -0.76% | -0.77% | 22,363.35 | -0.70% | -1.14% |
| 13 Oct | 73,033.78 | +1.54% | +0.76% | 22,721.95 | +1.60% | +0.45% |
| 14 Oct | 72,781.89 | -0.34% | +0.42% | 22,622.70 | -0.44% | +0.01% |
| 15 Oct | 74,315.61 | +2.11% | +2.53% | 22,997.35 | +1.66% | +1.67% |
| 16 Oct | 74,729.27 | +0.56% | +3.10% | 23,146.15 | +0.65% | +2.32% |
| 19 Oct | 73,852.90 | -1.17% | +1.89% | 22,888.95 | -1.11% | +1.19% |
| 21 Oct | 73,709.69 | -0.19% | +1.70% | 22,811.35 | -0.34% | +0.84% |
| 22 Oct | 73,249.39 | -0.62% | +1.06% | 22,687.65 | -0.54% | +0.30% |
| 23 Oct | 73,123.83 | -0.17% | +0.89% | 22,600.00 | -0.39% | -0.09% |
| 26 Oct | 73,606.75 | +0.66% | +1.55% | 22,753.20 | +0.68% | +0.59% |
| 27 Oct | 73,598.67 | -0.01% | +1.54% | 22,749.75 | -0.02% | +0.57% |
| 28 Oct | 73,246.03 | -0.48% | +1.06% | 22,698.85 | -0.22% | +0.35% |
| 29 Oct | 74,151.04 | +1.24% | +2.31% | 22,936.75 | +1.05% | +1.40% |
The Sensex leads, up about 2.31% MTD against roughly 1.40% for the Nifty 50, as heavyweight banks outperformed. Both peaked on 16 October, slid for five sessions and recovered on Thursday.
The 8 October low, right after the RBI hike, marked the bottom. A firm Friday would lock in a monthly gain despite FII selling.
Latest Market News: Six Headlines That Could Move Your Portfolio Today
Which headlines matter most for Friday’s trade?
1. Reliance, Sun Pharma and BoB headline a packed results day
- What happened: RIL, Sun Pharma, Bank of Baroda, BEL, IOC and GAIL are among those reporting Q2 on 30 October.
- Immediate impact: Sharp stock-specific and index swings likely.
- Stocks affected: Reliance, Sun Pharma, BoB, BEL, IOC, GAIL, Dixon
2. Coal India profit jumps 57%, ₹10.25 dividend declared
- What happened: Business Standard reported Q2 profit up 57% to ₹6,547 crore, plus a ₹10.25 dividend.
- Immediate impact: Lifts PSU sentiment and attracts yield seekers.
- Stocks affected: Coal India, Nifty PSE
3. Alphabet suffers its worst day ever
- What happened: Alphabet plunged 12.64%, erasing about $500 billion in value.
- Immediate impact: Indian IT could open soft.
- Stocks affected: Infosys, Wipro, TCS, HCLTech, Coforge
4. Noel Tata to step down as Trent chairman
- What happened: Noel Tata exits on 11 November; Bahram Vakil takes over from 12 November.
- Immediate impact: Trent fell 1.79%, the Nifty’s top loser.
- Stocks affected: Trent, Tata group retail
5. Jio Platforms debuts at a 21% premium
- What happened: Jio Platforms became India’s second most valuable company, closing at ₹1,423.05 on Thursday.
- Immediate impact: Adds a heavyweight that may draw passive flows.
- Stocks affected: Jio Platforms, Reliance
6. DA hike and PM-Kisan boost incomes
- What happened: A 3% DA hike to 63% and the ₹18,680 crore PM-Kisan instalment on 30 October lift incomes.
- Immediate impact: Supports rural and salaried consumption.
- Stocks affected: HUL, ITC, Dabur, Hero MotoCorp
Global Cues: How Wall Street’s Tech Sell-Off and $114 Brent Shape Friday’s Open
Will global jitters drown out domestic strength? Data is for 29 October unless stated.
| Index | Close | Change % |
|---|---|---|
| Dow Jones | 52,342.56 | -0.25% |
| S&P 500 | 7,720.39 | -0.30% |
| Nasdaq Composite | 26,184.72 | -1.38% |
| GIFT Nifty (8 AM IST, 30 Oct) | 22,988 | -0.26% (down 60 pts) |
| Nikkei 225 | 64,659.47 | +1.10% (down 2.92% early 30 Oct) |
| Hang Seng | 22,958.65 | -0.59% |
| Shanghai Composite | 3,651.43 | -0.82% |
| KOSPI | 5,937.66 | -1.24% (down 5.47% early 30 Oct) |
| FTSE 100 | 10,722.07 | +0.26% |
| DAX | 26,039.68 | +1.31% |
| CAC 40 | 7,970.00 | +1.05% |
| Macro Asset | Level | Change |
|---|---|---|
| US Dollar Index | 102.26 (PTI, Indian session) | +0.07% |
| US 10-year yield | 4.94% | -8 bp |
| Brent crude | $114.13 (Dec contract $113.28 in Asia, 30 Oct) | -1.03% (+2.24% in Asia) |
| Gold | $4,027.82 per ounce | -0.98% |
| USD/INR | 95.25 (provisional) | Rupee +3 paise |
- US tech rout: Nasdaq-100 futures fell 2.33% on Friday morning, a direct threat to Indian IT stocks after their October rally.
- Asian sell-off: early slides of 5.47% in Kospi and 2.92% in Nikkei point to a risk-off regional session.
- Fed on hold: rates were kept at 3.75% to 4.00% with two hawkish dissents, and 3.6% US PCE inflation limits hopes of cuts, keeping FIIs cautious.
- Brent above $110: talk of US action against Iran lifted crude in Asia, negative for oil marketers, paints and airlines.
- Rupee near 95: stable on Thursday, though Anuj Choudhary of Mirae Asset Sharekhan keeps a slight negative bias.
Performance Overview: 16 Stock Screens Smart Investors Are Tracking Right Now
Which top NSE/BSE stocks deserve a watchlist spot? Prices are 29 October closes unless dated; the third column shows the change, gap or stake shift that defines each screen.
Daily Fresh Breakouts: Thursday’s Momentum Leaders
Criteria: gain above 3% on 29 October with a fresh high, volume spike or deep-correction rebound.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Kotak Mahindra Bank | 459.00 | +4.32% | 4.55 crore shares | Cleared 52W high of ₹453.10 |
| Adani Enterprises | 2,607.90 | +5.17% | Group fell 19% to 36% from highs | Q2-led rebound |
| V-Guard Industries | 285.00 | +7.95% | Volume 88.18x weekly average | Price-volume breakout |
| Eternal | 337.85 | +3.63% | 3.14 crore shares | FII stake up to 33.01% |
| Power Grid | 260.00 | +3.42% | Top-five Nifty gainer | Power demand tailwind |
Weekly Breakouts: Multi-Session Ranges Finally Cracked
Criteria: breakout from a multi-session range or move to a multi-month high.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Tanla Platforms | 597.60 | +3.0% above ₹580 | Target ₹645 (Teji Mandi) | Broke 8-session range on volume |
| Bharti Hexacom | 1,664.50 | +2.7% above ₹1,620 | Target ₹1,733 (Teji Mandi) | Broke 6-session narrowing range |
| HBL Engineering | 811.00 | +7.4% above ₹755 | Morning star at 61.8% retracement | Trend resumption |
| Adani Ports | 1,872.00 | +6.29% | Q2 profit +18% | Near four-month high |
| Laurus Labs | 2,244.00 | At 52W high | 52W high ₹2,244 | Fresh yearly peak |
Oversold Stocks: Are These Beaten-Down Names Near a Floor?
Criteria: verified RSI data was unavailable, so the proxy is a close within 4% of the 52-week low (28 Oct lows).
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Yes Bank | 15.61 | 0.58% above low ₹15.52 | Down about 23% in six sessions | AT-1 verdict selling |
| Tata Motors PV | 263.60 | 1.74% above low ₹259.10 | Auto MTD approx. -2.5% | Sector weakness |
| HDFC Bank | 683.30 | 2.11% above low ₹669.20 | Day -0.29% | Missed bank rally |
| Canara Bank | 117.82 | 2.78% above low ₹114.63 | PSU Bank +2.20% | Deep discount |
| Bank of Baroda | 231.82 | 3.57% above low ₹223.82 | Q2 results today | Results-driven swing |
Stocks Nearing Breakout: Coiled Springs Below Resistance
Criteria: within 15% of the 52-week high with a near-term catalyst.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Divi’s Laboratories | 9,664.00 | 0.78% below ₹9,740 | Pharma 1W +4.35% | One session from breakout |
| Zydus Lifesciences | 1,184.40 | 3.87% below ₹1,232.10 | Pharma rotation | Base under resistance |
| Aurobindo Pharma | 1,659.90 | 4.60% below ₹1,740 | Pharma +0.64% | Tight consolidation |
| ICICI Bank | 1,377.60 | 6.92% below ₹1,480 | Bank Nifty +1.18% | Banking leadership |
| Sun Pharma | 1,761.00 | 13.97% below ₹2,046.90 | Q2 results today | Earnings trigger |
Short-Term Buys: Trading Ideas for the Next Two to Four Weeks
Criteria: breakouts with defined stops; first three from Teji Mandi, last two this blog’s analysis.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Tanla Platforms | 597.60 | Upside 7.93% | SL ₹581 | Volume-backed breakout |
| HBL Engineering | 811.00 | Upside 7.89% | SL ₹785 | Morning star reversal |
| Bharti Hexacom | 1,664.50 | Upside 4.12% | SL ₹1,620 | Range expansion |
| Kotak Mahindra Bank | 459.00 | +4.32% | Support ₹453 | 52W high on volume |
| Adani Ports | 1,872.00 | +6.29% | Raised guidance | Earnings momentum |
FII Holding Changes: Where Is Foreign Money Quietly Accumulating?
Criteria: FII stake increases in the September 2026 quarter, per Upstox and exchange filings.
| Stock | CMP (₹) | FII Stake Change | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Groww | 197.98 (12 Oct) | 2.5% to 10.9% | Q2 revenue +44% | PAT +54% to ₹725 cr |
| Eternal | 337.85 | 29.0% to 33.01% | Q2 profit +92% | Revenue +78% |
| Tech Mahindra | 1,769.60 | 18.59% to 20.76% | EBIT margin 14.8% | Deal wins +25% |
| Nestle India | 1,188.60 | 9.74% to 11.70% | Q2 PAT +36% | Revenue +20% |
| Yes Bank | 15.61 | 44.9% to 47.8% (YoY) | Q2 PAT +65% | Buying despite overhang |
DII Holding Changes: Mutual Funds and Insurers Are Betting on These
Criteria: sharp September-quarter DII stake increases, per Univest (prices 26 Oct, except HZL).
| Stock | CMP (₹) | DII Stake Change | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Elgi Equipments | 520.20 | 5.23% to 10.13% | ROE 19.28% | Stake nearly doubled |
| Travel Food Services | 1,139.90 | 5.09% to 10.02% | ROE 30.57% | High-return consumer play |
| Vijaya Diagnostic | 1,395.80 | 25.34% to 32.50% | MCap ₹14,515 cr | Largest DII jump |
| Garware Hi-Tech Films | 6,977.00 | 4.89% to 6.35% | Q2 profit +59.78% | D/E just 0.01 |
| Hindustan Zinc | 516.50 | DII stake 32.7% | Q2 profit ₹6,412 cr | DIIs far exceed FIIs (2.4%) |
Upcoming Dividends: Record Dates You Should Mark Now
Criteria: interim dividends with record dates from 30 October to 12 November; under T+1, buy a day before.
| Stock | CMP (₹) | Yield (this payout) | Dividend and Record Date | Why It Qualifies |
|---|---|---|---|---|
| Supreme Industries | 3,208.00 | 0.37% | ₹12, record date 30 Oct | Today, so new buyers miss it |
| Infosys | 1,146.50 | 2.27% | ₹26, record date 3 Nov | Paid by 11 Nov |
| Coal India | 397.45 (23 Oct) | 2.58% | ₹10.25, record date 4 Nov | Q2 PAT +57% |
| Sanofi India | 3,088.00 | 2.43% | ₹75, record date 5 Nov | Stock rose 6.6% |
| Hindustan Unilever | 1,858.20 | 1.02% | ₹19, record date 12 Nov | Paid by 25 Nov |
Long-Term Buys: Blue-Chip Stock Picks for a Three-Year View
Criteria: large caps with improving Q2 FY27 earnings and solid balance sheets; blog’s own analysis.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Hindustan Zinc | 516.50 | +1.91% | ROE 76.38%, PE 10.48 | 29.5% below 52W high |
| Infosys | 1,146.50 | +2.08% | ₹26 interim dividend | 33.7% below 52W high |
| Kotak Mahindra Bank | 459.00 | +4.32% | New 52W high | Private bank compounder |
| Adani Ports | 1,872.00 | +6.29% | Q2 profit +18% | Raised guidance |
| Hindustan Unilever | 1,858.20 | +2.34% | Q2 profit ₹2,796 cr | Rural recovery play |
High Dividend Yield Stocks: Income Plays When Rates Are Rising
Criteria: trailing yield near or above 2% on latest declared payouts.
| Stock | CMP (₹) | Yield | Basis | Why It Qualifies |
|---|---|---|---|---|
| Infosys | 1,146.50 | 4.45% | ₹25 final + ₹26 interim | Top yield in this list |
| Coal India | 397.45 (23 Oct) | 2.58% | ₹10.25 interim alone | Rising PSU profits |
| Sanofi India | 3,088.00 | 2.43% | ₹75 interim alone | Generous MNC payer |
| Hindustan Unilever | 1,858.20 | 2.21% | ₹22 final + ₹19 interim | Defensive cash machine |
| Hindustan Zinc | 516.50 | 1.97% | Trailing, per Angel One | Low PE, high ROE |
Fundamentally Strong Stocks: Quality Compounders With Elite Return Ratios
Criteria: ROE above 40% or ROCE above 50% with low leverage, per Angel One and Equitymaster.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| GE Vernova T&D India | 4,091.00 | +0.76% | ROE 57.40% | Zero debt, grid capex leader |
| BSE Ltd | 3,502.00 | +0.49% | ROCE 59.99% | Market volume beneficiary |
| Hindustan Zinc | 516.50 | +1.91% | ROCE 69.25% | PE only 10.48 |
| Colgate-Palmolive India | 1,629.80 | 3.36% above 52W low | ROCE 108.02% | Debt-free quality on a dip |
| GSK Pharmaceuticals | 2,515.70 | Zero debt | 3Y profit CAGR 19.5% | Consistent growth |
Low Debt Mid Caps: Zero-Leverage Names in a Rising-Rate World
Criteria: debt-to-equity of 0.0 per Equitymaster (29 October close).
| Stock | CMP (₹) | 3Y Profit CAGR | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Nalco | 324.50 | 59.3% | PE 8.8 | Debt-free at single-digit PE |
| Multi Commodity Exchange | 3,229.00 | 107.5% | PE 53.3 | Volume-led profit surge |
| Schaeffler India | 3,523.60 | 9.4% | PE 43.9 | Zero-debt auto ancillary |
| Petronet LNG | 287.50 | 6.1% | PE 10.5 | Cheap gas infrastructure |
| L&T Technology Services | 4,182.70 | 0.4% | PE 34.3 | Debt-free ER&D play |
Cash-Rich Small Caps: When the Bank Balance Exceeds the Market Value
Criteria: cash near or above market cap, per Equitymaster; broker cash may include client funds.
| Stock | CMP (₹) | Cash / MCap | Cash vs MCap (₹ cr) | Why It Qualifies |
|---|---|---|---|---|
| Anand Rathi Share & Stock Brokers | 472.20 | 118.3% | 3,524.5 vs 2,979.8 | Cash exceeds valuation |
| SMC Global Securities | 91.80 | 121.1% | 2,327.9 vs 1,922.1 | Large liquidity buffer |
| Emkay Global Financial | 273.90 | 117.4% | 898.3 vs 765.0 | Trades below cash |
| CL Educate | 49.00 | 106.7% | 283.8 vs 266.0 | Non-financial, cash above MCap |
| 5Paisa Capital | 329.30 | 89.7% | 1,385.2 vs 1,543.6 | Cash covers most value |
Volume Shockers: Where Did Big Money Show Up on Thursday?
Criteria: abnormal volume against recent averages on 29 October.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| V-Guard Industries | 285.00 | +7.95% | 88.18x weekly average | Biggest relative spike |
| M.K. Exim | 58.52 | +11.09% | 62.23x weekly average | Small-cap volume burst |
| Kotak Mahindra Bank | 459.00 | +4.32% | 4.55 crore shares | Institutional buying |
| Eternal | 337.85 | +3.63% | 3.14 crore shares | FII-backed accumulation |
| Tanla Platforms | 597.60 | +3.0% above range | Above-average volume | Confirmed breakout |
52-Week Highs: Leaders Defying the Broader Correction
Criteria: at or within 3.5% of the 52-week high; 54 stocks hit new highs on 29 October.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Kotak Mahindra Bank | 459.00 | New high | Prior high ₹453.10 | Fresh yearly peak |
| Laurus Labs | 2,244.00 | At high | Pharma leadership | Closed at the high |
| Sona BLW Precision | 879.45 (28 Oct) | 0.51% below ₹883.95 | Auto ancillary strength | Touching distance |
| Gland Pharma | 3,074.50 | 3.04% below ₹3,171 | Pharma 1W +4.35% | Near yearly peak |
| Coforge | 1,954.40 (28 Oct) | 3.30% below ₹2,021.20 | IT MTD approx. +15% | Mid-tier IT winner |
52-Week Lows: Value Traps or Bargain Bins in FMCG?
Criteria: within 6% of the 52-week low; 117 stocks hit new lows on 29 October.
| Stock | CMP (₹) | Change / Gap % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Godrej Consumer | 837.00 | 3.32% above ₹810.10 | FMCG 1M -2.03% | Near low despite bounce |
| Britannia Industries | 4,655.00 | 3.45% above ₹4,499.90 | Input cost pressure | Close to low |
| Nestle India | 1,188.60 | 3.59% above ₹1,147.40 | FSSAI notice | Low despite FII buying |
| Dabur India | 370.00 | 4.43% above ₹354.30 | Rural sensitive | Weak trend |
| United Breweries | 1,191.70 | 5.59% above ₹1,128.60 | Margin pressure | Hovering near low |
Sector Performance India 2026: Who Led, Who Lagged and Why It Matters
Which sectors are pulling the market? Data is for 29 October. Where an official sectoral close or MTD figure was unavailable, the nearest verified alternative is shown with its basis.
| Sectoral Index | Close or Bellwether | Day % | Month Reading | Q2 Earnings Trend | Outlook |
|---|---|---|---|---|---|
| Nifty IT | approx. 31,866 | +0.99% | MTD approx. +15.0% | TechM deal wins +25% | Stretched; US tech risk |
| Nifty Bank | 54,909.65 | +1.18% | MTD +0.51% | Yes Bank PAT +65% | Positive above 54,600 |
| Nifty PSU Bank | SBI +1.6% | +2.20% | BoB, Canara near 52W lows | BoB Q2 today | Oversold bounce |
| Nifty Pharma | 26,710.80 | +0.64% | 1W +4.35%, 1M -0.83% | Sun Pharma Q2 today | Constructive |
| Nifty FMCG | 43,882.95 | +2.34% | 1M -2.03% | HUL profit ₹2,796 cr | Relief rally |
| Nifty Auto | approx. 25,646 | -0.24% | MTD approx. -2.5% | Hero +42% but missed | Cautious |
| Nifty Metal | HZL ₹516.50 | +0.67% | 28 Oct: -0.32% | HZL profit ₹6,412 cr | Mixed |
| Nifty Energy | NTPC ₹310.50 | +1.01% | 28 Oct: -0.89% | RIL, IOC, GAIL Q2 today | Event-driven |
| Nifty Realty | 819.80 | +2.75% | 28 Oct: -0.89% | Rate hike headwind | Volatile |
Leaders: Realty, FMCG and PSU Banks led Thursday, bouncing from depressed levels. IT remains October’s standout with an estimated 15% MTD gain.
Laggards: Auto was the only major sector in the red after Hero MotoCorp slid 4.09% to ₹5,105 on a Q2 miss. Metal and Pharma trailed the index.
Top 10 Gainers and Top 10 Losers: Thursday’s Nifty 50 Winners and Laggards
Adani group stocks stole the spotlight while autos saw profit-taking. Data is the Nifty 50 close for 29 October 2026.
| Stock | Close (₹) | Change (₹) | Change % | Reason for Move |
|---|---|---|---|---|
| Adani Ports | 1,872.00 | +110.70 | +6.29% | Q2 profit +18%; raised guidance |
| Adani Enterprises | 2,607.90 | +128.10 | +5.17% | Q2 results; rebound |
| Kotak Mahindra Bank | 459.00 | +19.00 | +4.32% | Fresh 52W high |
| Eternal | 337.85 | +11.85 | +3.63% | FII stake hike |
| Power Grid | 260.00 | +8.60 | +3.42% | Power demand optimism |
| Bajaj Finance | 938.90 | +21.65 | +2.36% | Financials rally |
| Hindustan Unilever | 1,858.20 | +42.40 | +2.34% | Q2 profit; ₹19 dividend |
| NTPC | 310.50 | +6.75 | +2.22% | Power sector buying |
| Titan | 4,434.00 | +96.10 | +2.22% | Consumer durables +1.18% |
| ITC | 265.00 | +5.50 | +2.12% | FMCG surge |
| Stock | Close (₹) | Change (₹) | Change % | Reason for Move |
|---|---|---|---|---|
| Trent | 2,861.70 | -52.20 | -1.79% | Chairman exit |
| Maruti Suzuki | 11,426.00 | -153.00 | -1.32% | Auto weakness |
| Bajaj Auto | 10,383.00 | -102.00 | -0.97% | Profit-taking after Q2 |
| SBI Life | 1,652.00 | -14.70 | -0.88% | IRDAI commission caution |
| Eicher Motors | 7,238.00 | -62.00 | -0.85% | Auto profit-booking |
| Hindalco | 886.30 | -7.45 | -0.83% | Metal underperformance |
| Cipla | 1,358.00 | -7.60 | -0.56% | Mild profit-taking |
| Tech Mahindra | 1,769.60 | -7.00 | -0.39% | Pause after IT rally |
| IndiGo | 4,675.00 | -15.00 | -0.32% | Brent lifts fuel costs |
| HDFC Bank | 683.30 | -2.00 | -0.29% | Near 52W low |
Stock Recommendations for Today: Five Setups With Clear Entry, Target and Stop Loss
The first three setups come from Jatin Gedia of Teji Mandi; the last two are this blog’s own analysis. Keep each stop-loss hit to 1% to 2% of capital.
Tanla Platforms: Volume-Confirmed Range Breakout
- CMP: ₹597.60
- Trigger: broke the ₹550 to ₹580 range of eight sessions on above-average volume
- Entry: ₹590 to ₹600
- Target: ₹645
- Stop loss: ₹581
- Time frame: 2 to 4 weeks
- Rationale: clean range expansion
- Key risk: an IT sell-off after the Nasdaq rout
Bharti Hexacom: Narrowing Range Gives Way
- CMP: ₹1,664.50
- Trigger: breakout from a six-session narrowing range
- Entry: ₹1,650 to ₹1,670
- Target: ₹1,733
- Stop loss: ₹1,620
- Time frame: 1 to 3 weeks
- Rationale: defensive telecom momentum
- Key risk: regulatory surprises
HBL Engineering: Morning Star at a Golden Ratio
- CMP: ₹811
- Trigger: morning star at ₹755 to ₹740, the 61.8% retracement of the ₹700 to ₹840 rally
- Entry: ₹800 to ₹815
- Target: ₹875
- Stop loss: ₹785
- Time frame: 2 to 4 weeks
- Rationale: trend resumption after a pullback
- Key risk: small-cap volatility
Kotak Mahindra Bank: Fresh 52-Week High
- CMP: ₹459
- Trigger: close above the ₹453.10 high on 4.55 crore shares
- Entry: ₹452 to ₹460 on a retest
- Target: ₹485
- Stop loss: ₹440
- Time frame: 3 to 6 weeks
- Rationale: leadership in a recovering Bank Nifty
- Key risk: a failed breakout below ₹453
Adani Ports: Earnings Upgrade Momentum
- CMP: ₹1,872
- Trigger: Q2 profit up 18% to ₹3,682.44 crore and raised guidance
- Entry: ₹1,840 to ₹1,875
- Target: ₹1,965
- Stop loss: ₹1,795
- Time frame: 2 to 6 weeks
- Rationale: fundamental catalyst near a four-month high
- Key risk: profit-taking after a 6.29% jump
Portfolio Suggestions by Risk Appetite: Which Mix Fits Your Temperament?
Which mix suits you? These model baskets are this blog’s own, built from recent earnings drivers.
Conservative Portfolio: Steady Dividends and Fortress Balance Sheets
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| Hindustan Unilever | 20% | FMCG | Q2 profit ₹2,796 cr |
| Infosys | 20% | IT | ₹26 interim dividend |
| Coal India | 20% | Mining | Q2 PAT +57% |
| Kotak Mahindra Bank | 20% | Private Bank | Fresh 52W high |
| Hindustan Zinc | 20% | Metals | Q2 profit ₹6,412 cr |
- Pros: dividend income, low leverage and smaller drawdowns
- Cons: slower upside in a bull run and some commodity exposure
Moderate Portfolio: Earnings Growth With Sensible Risk
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| Adani Ports | 20% | Infrastructure | Q2 profit +18% |
| Bajaj Auto | 20% | Auto | Q2 profit +35% |
| Tech Mahindra | 20% | IT | Deal wins +25% |
| Nestle India | 20% | FMCG | Q2 PAT +36% |
| GE Vernova T&D India | 20% | Capital Goods | ROE 57.40% |
- Pros: five sectors with visible earnings momentum
- Cons: rich valuations in Nestle and GE Vernova T&D
Aggressive Portfolio: High-Growth Bets for Bold Investors
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| Groww | 20% | Fintech | Q2 PAT +54% |
| BSE Ltd | 20% | Capital Markets | ROE 46.05% |
| MTAR Technologies | 20% | Defence | Q2 profit +1,309% |
| Garware Hi-Tech Films | 20% | Specialty Films | Q2 profit +59.78% |
| Yes Bank | 20% | Private Bank | Q2 PAT +65% |
- Pros: exposure to fast-growing capital-market and niche manufacturing themes
- Cons: high volatility and legal overhang at Yes Bank
Final Thought: Relief Rally or Real Turn? What the Data Is Really Saying
Thursday proved domestic money can overpower foreign selling, as DIIs bought ₹1,924.41 crore and the VIX fell nearly 7%. Yet the Nifty remains about 13% below its 52-week high.
Key Takeaways: Three Data Insights Worth Remembering
- Sensex beats Nifty in October: about 2.31% MTD versus 1.40%, so heavyweights are carrying the month.
- Lows still outnumber highs: 117 lows against 54 highs even on a 1% up day, with Nestle, Britannia and Dabur within 5% of their lows.
- IT is October’s hidden winner: an estimated 15% MTD gain makes it the sector most exposed to Friday’s Nasdaq shock.
What to watch on 30 October: the 22,800 support against weak Asian cues, Reliance and Sun Pharma results, Brent’s reaction to Iran headlines and month-end FII flows. A close above 23,100 would turn relief into a real breakout attempt.
Frequently Asked Questions: Your Market Questions, Answered Fast
What is the Sensex and Nifty closing today?
As of market close on Thursday, 29 October 2026, the BSE Sensex ended at 74,151.04, up 905.01 points or 1.24%. The NSE Nifty 50 closed at 22,936.75, up 237.90 points or 1.05%. Both indices snapped a two-day losing streak, led by banking, FMCG and Adani group stocks.
Will the stock market go up or down on 30 October 2026?
GIFT Nifty traded near 22,988 at 8 AM IST, about 60 points lower, signalling a softer start after a sharp Nasdaq fall and weak Asian markets. Analysts see 22,800 as key support and 23,100 as resistance. Results from Reliance and Sun Pharma could decide the direction.
What is the current RBI repo rate in 2026?
The RBI repo rate is 5.50% after the Monetary Policy Committee raised it by 25 basis points at its 5 to 7 October 2026 meeting, the first hike since February 2023. The stance is calibrated tightening, and the next policy announcement is due at the 2 to 4 December meeting.
What is India’s latest CPI inflation rate?
CPI inflation for September 2026 stood at 5.54%, up from 4.83% in August, according to MoSPI data released on 12 October. Food inflation was 7.74%. Headline inflation has risen every month since January 2026, which is why markets expect the RBI to stay cautious in December.
What is India’s GDP growth rate for 2026?
India’s real GDP grew 7.8% in Q1 FY27 (April to June 2026), according to MoSPI’s August release, ahead of the RBI’s 7.0% estimate. Investment growth of 11.9% was a key driver. The Finance Ministry expects 7.3% growth for the full financial year 2026-27.
Why are FIIs selling Indian stocks in 2026?
FIIs sold a net ₹943.60 crore on 29 October after two days of buying. Persistent selling reflects US 10-year yields near 4.94%, a rupee near 95 per dollar, Brent crude above $110 and stretched valuations. October outflows were about $3.74 billion, according to HDFC Sky data.
What is Nifty support and resistance for today?
From the 29 October session, the classic pivot is 22,851.82, with support at 22,741.68 and 22,546.62 and resistance at 23,046.88 and 23,157.02. SBI Securities flags 23,080 to 23,100 as the hurdle. Options data shows maximum Call OI at 23,500 and Put OI at 22,000.
Which stocks are paying dividends in November 2026?
Infosys pays ₹26 with a 3 November record date, Coal India ₹10.25 with a 4 November record date, Sanofi India ₹75 with a 5 November record date and Hindustan Unilever ₹19 with a 12 November record date. Under T+1 settlement, buy at least one trading day before the record date.
Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Data is sourced as stated and may be revised. Markets carry risk. Please consult a SEBI-registered investment adviser before making any investment decision.
