Nifty 50 opens from 22,936.75 after a 1.05% gain

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.25, rupee weaker by 0.08% on the session
• India VIX: 15.12 (-7.0%)
• Gold (rupee terms): -0.65% on the session, -0.8% over five sessions

Key drivers

Markets

• Stock Market Today: Sensex Gains, Nifty 50 Above 22,700; Adani Ports, PowerGrid, BSE, Bharti Airtel Among Top Gainers. Among sectors, gains were seen in Nifty IT, Nifty FMCG, Nifty PSU Bank and Nifty Realty indices, while Nifty Metals and Nifty Private Bank saw selling. (NDTV Profit)
• Sensex jumps over 500 points, Nifty above 22,850 after Fed keeps rates unchanged. What lies ahead?. Following the Federal Reserve's recent decision, the Indian stock market surged, with Sensex rising by over 500 points and Nifty up by more than 150 points. Adani Ports and Power Grid were among the top gainers, while Trent faced a downturn. (Economic Times Markets)
• 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)
• Sensex, Nifty rise over 1% as Q2 earnings, easing crude boost sentiment. Indian markets gain over 1% on strong quarterly results, easing crude prices, hopes of US-Iran peace talks and foreign investor buying, with realty and FMCG stocks leading the rally (Business Standard Mkts)

Read more Stock Market Today: Sensex Gains, Nifty 50 Above 22,700; Adani Ports, PowerGrid, BSE, Bharti Airtel Among Top Gainers · Sensex jumps over 500 points, Nifty above 22,850 after Fed keeps rates unchanged. What lies ahead? · Stock Market Highlights: Sensex Jumps 905 Points, Nifty 50 Ends Above 22,900; Adani Stocks, Kotak Bank Lead Rally · Sensex, Nifty rise over 1% as Q2 earnings, easing crude boost sentiment

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)
• Ambuja Cements Q2 Results: Net profit tanks 90% YoY to Rs 114 crore on tax reversal effect; revenue rises 10%. Ambuja Cements Q2 Results: The company reported a 90% year-on-year decline in Q2 FY27 net profit to Rs 114 crore due to a Rs 1,697 crore income tax provision reversal in the year-ago quarter. Revenue rose 10% to Rs 6,113 crore. (ET Stocks)
• 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)
• ET EXPLAINER: What do the new REIT regulation amendments mean for investors?. SEBI amended REIT regulations to revise unitholder voting thresholds, introduce exit options for dissenting investors during specified sponsor exits, permit depository receipts against REIT units and modify common infrastructure definitions, with implications… (Economic Times Markets)

Read more Food Inflation Hits 7.74%, Onion Prices Surge 108%. Can The Rate Hike Contain Price Pressures? · Ambuja Cements Q2 Results: Net profit tanks 90% YoY to Rs 114 crore on tax reversal effect; revenue rises 10% · Avadhut Sathe case: Why ASTA may challenge SEBI order before SAT over ‘grey areas’ in stock-market education rules · ET EXPLAINER: What do the new REIT regulation amendments mean for investors?

Companies

• Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?. Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. (ET Stocks)
• 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)
• Suzlon Energy Q2: Net Profit Plunges 69% To Rs 394 Crore; Margin Contracts. SuzlEBITDA margin contracted to 14.7% in the September quarter from 18.6% in the year-ago period, despite higher revenue. (NDTV Profit)

Read more Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge? · 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 · Suzlon Energy Q2: Net Profit Plunges 69% To Rs 394 Crore; Margin Contracts

Companies

New issues

• Michael Burry says Anthropic IPO papers show AI industry is 'catastrophically vulnerable'. What the 'Big Short' investor sees. Investor Michael Burry warned that Anthropic’s planned IPO exposes serious vulnerabilities in the AI industry, citing massive infrastructure commitments, slowing growth and mounting costs. (ET Stocks)
• SEBI Chief: Direct MF Plans Default From Nov 1; IPO Rules, SME Framework Under Review. SEBI Chairman Tuhin Kanta Pandey set out a four-point agenda at NDTV Profit Ignite. It covers simpler rules, deeper markets, stronger investor protection and wider use of AI in supervision. (NDTV Profit)
• AI Watchdogs, Cheaper MF Plans, IPO Checks: SEBI Chief's 10 Big Messages At NDTV Profit Ignite. Tuhin Kanta Pandey set out SEBI's priorities, from direct-plan defaults and IPO scrutiny to AI-led surveillance and easier entry for foreign investors. (NDTV Profit)
• SEBI Chief Flags 'Risk To Market' From Shell Companies, Plans Third-Party Monitoring Of IPO Proceeds. Tuhin Kanta Pandey's comments, made during a panel discussion at NDTV Profit Ignite, point to sharper scrutiny of listed companies and how they use money raised from investors. (NDTV Profit)

Read more Michael Burry says Anthropic IPO papers show AI industry is 'catastrophically vulnerable'. What the 'Big Short' investor sees · SEBI Chief: Direct MF Plans Default From Nov 1; IPO Rules, SME Framework Under Review · AI Watchdogs, Cheaper MF Plans, IPO Checks: SEBI Chief's 10 Big Messages At NDTV Profit Ignite · SEBI Chief Flags 'Risk To Market' From Shell Companies, Plans Third-Party Monitoring Of IPO Proceeds

Currency, commodities & rates

World

• Global Market: Malaysia's Asia OneHealthcare files draft prospectus for IPO of up to 4.38 billion shares. Malaysian hospital operator Asia OneHealthcare has filed for an IPO of up to 4.38 billion shares on Bursa Malaysia. The TPG-backed company plans to use the fresh-issue proceeds for hospital expansion, facility upgrades, debt repayment and IPO expenses. (Economic Times Markets)
• 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)
• US Market: Anthropic IPO sparks betting frenzy on prediction markets. Prediction markets are witnessing rising activity ahead of Anthropic’s anticipated IPO, with retail investors betting on its valuation, listing timeline and exchange. (Economic Times Markets)
• 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 Global Market: Malaysia's Asia OneHealthcare files draft prospectus for IPO of up to 4.38 billion shares · Bulls return as Fed rate pause, dip in US yields lift sentiment · US Market: Anthropic IPO sparks betting frenzy on prediction markets · 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