Stock News Highlights
Larsen & Toubro (+6.78%): Stock rose after Q2 FY27 consolidated net profit grew 33% YoY to ₹5,202 crore, revenue climbed 16% to ₹78,750 crore, and order inflows jumped 28% to ₹1.47 lakh crore.
Maruti Suzuki (+6.78%): Stock gained despite Q2 FY27 consolidated net profit falling 26.4% YoY to ₹2,466.1 crore, as record sales of 6.97 lakh units and a double-digit domestic growth target for H2 lifted investor optimism.
Waaree Energies (-3.21%): Stock fell after Q2 FY27 net profit declined 15.5% QoQ to ₹753.6 crore, despite revenue growing 23.9% YoY. Shares recovered in the second half, while the acquisition of Waaree Green Data Centers signalled expansion into AI data centres and round-the-clock clean energy demand.
SBI Life Insurance (+2.06%): Stock rose after Q2 FY27 net profit increased 11% YoY to ₹549.2 crore from ₹494.6 crore. Net premium income grew 8.2% to ₹26,877.7 crore, while net commission income surged 10.5% to ₹1,370 crore, supporting investor sentiment.
Sectoral Performance
Nifty Auto (+1.45%): Sector rose for the third consecutive session, supported by selective buying in auto components and two-wheelers. The index recorded 14 gainers and 1 loser, reflecting broad-based strength despite mixed performance among major heavyweights, including Maruti Suzuki and Mahindra & Mahindra.
Nifty Consumer Durables (+1.41%): Sector advanced on bargain buying after recent corrections, supported by expectations of festive and wedding season demand. Voltas, Blue Star and Dixon Technologies led the gains, boosting sentiment across consumer durable stocks.
Nifty Oil & Gas (-2.27%): Sector declined, with 3 gainers and 11 losers, as Houthi attacks on Saudi Arabia’s Ras Tanura refinery heightened supply concerns. Brent crude rose 0.7% to $114.68 a barrel amid elevated US-Iran tensions, adding to market uncertainty.
Nifty IT (-1.98%): Sector slumped as Infosys, TCS and Coforge fell up, amid concerns over AI-driven disruption and a weaker growth outlook. Infosys cut FY27 revenue growth guidance to 1-2% from 1.5-3.5%.
Market Insights
Technical Level: Nifty opened with a gap-down and declined marginally, finding support near 22,500. The index recovered from this level in the first half of the session, moving higher to face resistance around 22,780 at the start of the second half. It then closed marginally lower from that level, with the overall trend remaining negative.
Advance-Decline Ratio: Market breadth remained positive, with 1,931 stocks advancing against 1,627 declining, resulting in an A/D ratio of 1.19, indicating moderate buying interest across the market.
The Big Picture: Jio Platforms stock made a strong debut, listing at ₹1,358 on the BSE and NSE, a 21.36% premium over its issue price of ₹1,119. The ₹30,213-crore IPO was subscribed 22.19 times, taking its market capitalisation to ₹12.50 lakh crore and making it India’s most valuable telecom company, ahead of Bharti Airtel.
FII/DII Activity (October 27, 2026): FIIs were net buyers at ₹4,240 crore, while DIIs were net sellers at ₹1,250 crore, indicating strong foreign institutional buying that offset domestic institutional selling.
Watch Out For Tomorrow
IPO Corner: BLS Polymers & SFC Environmental Tech. IPO is closing for subscription tomorrow , making the IPO robust sentiment.
Macro: USA Fed Press Conference & Japan Consumer Confidence (Oct) data is scheduled to be released tomorrow.
Market Watch: For investors, this season is rewarding clarity over headlines. Maruti was backed despite a profit fall because its outlook was clear, while Waaree was sold despite revenue growth because its margins slipped. With crude still elevated, that filter matters even more. Favour businesses that can explain their next two quarters, and let this strength hold across a few sessions before calling it a turn. Also Coal India, Trent, Laurus Labs, Asian Paints and several other companies report Q2 results tomorrow.
Word of the day
Listing
Meaning: The process of a company’s shares becoming available for trading on a stock exchange after an IPO.
Example: Jio Platforms made a strong market debut, listing at a 21.36% premium over its IPO issue price.
Related Terms: IPO, Listing Price, Listing Gains, Listing Day, Grey Market Premium (GMP).