Stock Market Today: Nifty, Sensex Gain For Third Session In A Row On India-US Trade Deal Optimism

The NSE Nifty Midcap 150 and NSE Smallcap 250 rose in line with the benchmark indices.

The NSE Nifty 50 and BSE Sensex extended gains to a third session on Wednesday. (Photo: Freepik)

The NSE Nifty 50 and BSE Sensex extended gains to a third session. The Nifty 50 recorded best intraday gains since Oct 16. The indices rose as risk-on sentiment got a boost from upbeat earnings and increased possibility of a trade deal with the US. The NSE Nifty IT emerged as the top performer as the US shutdown is expected to end soon.

And it's a wrap! Thank you for joining us today.

Markets At Close: Nifty, Sensex Rise For Third Session

  • Nifty ends above crucial of 25,800 mark

  • Nifty midcap gains led by Biocon and Gujarat Flurochem

  • Nifty smallcap gains led by Kirloskar oil and BLS international

  • All sectors end on mix note

  • Nifty gains led by adani enterprise and asian paints

  • Nifty IT emerges as top sectoral gainer , gains led by Tech mahindra and LTI Mindtree

  • Nifty IT ,Nifty Auto ,Nifty pharma, nifty media gain above 1%

  • nifty oil and gas gains for fourth consecutive day

  • Nifty realty falls for sixth consecutive session

  • nifty auto gains for fifth consecutive session

  • Nifty metal snaps its 3 day gaining streak

  • Nifty IT gains for third consecutive day

  • Nifty FMCG falls for eight out of nine trading sessions

  • Nifty media snaps five day losing streak

Rupee Closes Weaker Against US Dollar

  • Rupee closed 7 paise Weaker at 88.64 against US Dollar

  • It closed at 88.57 a dollar on Tuesday

Source: Bloomberg

Stock Market LIVE: Adani Enterprise Share Price Rises Over 6% After Mega Rights Issue

The shares of Adani Enterprises Ltd. on Wednesday morning rose 6.37% to 2,517.50 a piece. The share price surged after the company's board set the record date and entitlement ratio for the rights issue to raise up to Rs 24,930 crore. The total number of rights equity shares on offer is 13.85 crore.

Also Read: Adani Enterprise Share Price Rises Over 6% After Mega Rights Issue

Q2 Earnings LIVE: Shriram Properties Swings Between Profit And Loss 

Shriram Properties Q2 Highlights (Cons, YoY)

  • Revenue up 46% at Rs 205 crore versus Rs 141 crore

  • Net Profit at Rs 8.6 crore versus loss of Rs 80 lakh

  • Ebitda loss at Rs 5.1 crore versus loss of Rs 1.2 crore

Q2 Earnings LIVE: Jyothy Labs Share Price Falls As Net Profit Decreases 

Jyothy Labs Q2 Earnings Key Highlights (YoY)

  • Net Profit fell 16.4% to Rs 87.8 crore versus Rs 105 crore

  • Revenue rose 0.4% to Rs 736 crore versus Rs 733 crore

  • Ebitda fell14.5% to Rs 118 crore versus Rs 138 crore

  • Margin at 16.1% versus 18.9%

Stock Market LIVE: Phoenix Mills's Arm Island Star Developers Completes Share Buyback

Phoenix Mills Ltd.'s arm Island Star Mall Developers completed share buyback of 2.03 crore shares for Rs 895 crore. The company's stake in Island Star Mall Developers increased to 55.6% from 51% post buyback.

Stock Market LIVE: Hindustan Copper Share Price Reverse Three-Day Gaining Streak

Hindustan Copper Ltd. share price reversed three-day gaining streak in Wednesday's session. The stock rose for three sessions to Tuesday as it reported that its consolidated net profit surged 84% on the year to Rs 186 crore during July–September.

Hindustan Copper Ltd. share price declined 4.77% to Rs 342.55 apiece.

Also Read: Hindustan Copper Share Price Reverse Three-Day Gaining Streak — Here's Why

Q2 Earnings LIVE: Advances Enzyme's Net Profit Rises 32%

Advanced Enzyme Q2 Earnings Key Highlights (Consolidated, YoY)

  • Net Profit rose 32% to Rs 43.3 crore versus Rs 32.8 crore

  • Revenue rose 26.3% to Rs 185 crore versus Rs 146 crore

  • Ebitda rose 41.5% to Rs 60 crore from Rs 42.4 crore

  • Margin at 32.5% versus 29%

Stock Market LIVE: Bajaj Finserv Rebounds From Two-Month Low

Bajaj Finserv Ltd. recovered from the two-month low it touched in the previous session. Despite reporting decent numbers for July–September, the stock declined in Tuesday's session as its sister company's share price plunged after guiding low asset under management growth and high credit cost.

Bajaj Finserv share price recovered from previous session's low of Rs 1,952 apiece. The share price rose 1.74% to Rs 2,024 apiece so far in Wednesday's session.

Stock Market LIVE: Transformer & Rectifier Snaps Eight-Day Losing Streal

Transformers And Rectifiers India Ltd. share price snapped an eight-day losing streak as the company guidaed for 25% top line growth with a margin of 16%.

The company has reported dismal numbers for July–September quarter. Shortage of key raw materials caused a delay in execution, the management said in concall.

Stock Market LIVE: Kirloskar Oil Engines Share Price Jumps To Highest Level Since December, 2024

Kirloskar Oil Engines Ltd. share price jumped 14.02% to Rs 1,070 apiece, the highest levels since Dec 19, 2024.

Kirloskar Oil Engine Q2 Earnings Key Highlights (Consolidated, YoY)

  • Revenue up 30% at Rs 1,948 crore vs Rs 1,499 crore

  • Ebitda up 28.5% at Rs 382 crore vs Rs 297 crore

  • Margin at 19.6% vs 19.8%

  • Net Profit up 27.4% at Rs 162 crore vs Rs 128 crore

Sectoral Performance At Open: Nifty IT Leads Rally

Nifty Contributors: RIL, HDFC Bank, Airtel Shares Support Gains

Markets At Open: Nifty, Sensex Extend Gains To Third Session

The NSE Nifty 50 and BSE Sensex extended gains to a third session as Reliance Industries Ltd. and HDFC Bank Ltd. shares led. Gains in Asian equities on the back hopes for an end to US Government shutdown also supported the risk-on mood.

Moreover, the US and India both expressed confidence to close a trade deal soon, which further lifted sentiment. The indices were trading 0.52% and 0.44% higher, respectively as of 9:23 a.m.

LIVE: Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.47%

Source: Bloomberg

LIVE: Rupee Opens Weaker Against US Dollar

  • Rupee opened 6 paise weaker at 88.63 against US Dollar

  • It closed at 88.57 a dollar on Tuesday

 Source: Bloomberg

LIVE: The Worst Is Over For Rupee; Jefferies Sees It At Around 90 Per US Dollar For Next 12 Months

The worst is over for the Indian rupee after the currency remained its position as the worst performer among major economies for the ongoing calendar year, Jefferies said in its India strategy note. The global brokerage sees it staying at around 90 per US dollar for the next 12 months.

The dollar index, which gauges the strength of the greenback against six major currencies, will likely be softer and stay below the 100-mark, according to Jefferies. This is a positive for the Indian unit.

Also Read: The Worst Is Over For Rupee; Jefferies Sees It At Around 90 Per US Dollar For Next 12 Months

Tata Motors To Get Share Allocation Of New Commercial Vehicle Entity

Tata Motors had informed that shareholders would receive shares of the new commercial vehicles entity in a 1:1 ratio, based on holdings as of the record date, Oct. 14, 2025.

So far, shares have already been credited to investors’ Demat accounts, though they remained inactive pending the listing. The upcoming listing will enable trading to begin on the exchanges.

Track live updates here.

Stock Market LIVE: Gold Price Declines Near Rs 1,24,400 Levels

Gold prices in India declined to Rs 1,24,380 on Wednesday, consolidating after the three days rise.

The metal held gains after it saw its biggest daily jump since May in the previous session, trading around $4,140 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.

Also Read: Gold Price Declines Near Rs 1,24,400 Levels — Check Rates In Delhi, Mumbai And Other Cities

Bharat Forge Q2 Review: Brokerages Stay Cautious Despite Strong Quarter

Shares of Bharat Forge Ltd. are in focus on Wednesday's trade, after the company reported strong financials for the September quarter.

The defence major's profit rose 23% to Rs 299.20 crore in the second quarter of this financial year. This is in comparison to profit of Rs 243.59 crore in the previous quarter of this fiscal.

Also Read: Bharat Forge Q2 Review: Brokerages Stay Cautious Despite Strong Quarter — Here's Why

Asia Markets LIVE: SoftBank Group Share Price Plunges Over 10% Following Its Exit From Nvidia

SoftBank Group plunged over 10% early trade on Tuesday as the company exited from Nvidia Corp. The Japanese multinational investment banker's stock touched a one-month low in Tokyo.

SoftBank Group's exit from AI market leaders scared investors about technology sector valuation, Bloomberg said. The investment banker offloaded its entire stake in Nvidia Corp for $5.83 billion.

Also Read: SoftBank’s Shares Dive After Nvidia Sale Spooks AI-Wary Market

LIVE: GIFT Nifty Implies Higher Open; Godrej Ind, Zaggle Prepaid, Tata Power Shares In Focus

The GIFT Nifty was trading 0.08% or 19.50 points lower at 25,979 as of 6:37 a.m. The levels indicated nearly 300 points higher open for the NSE Nifty 50 index from the Tuesday's close level.

Traders will monitor Godrej Industries Ltd., Zaggle Prepaid Ocean Services Ltd., Tata Power Ltd., Thermax Ltd., BSE Ltd. shares are likely to react because these companies released their second-quarter earnings.

The NSE Nifty index ended in green, above the important mark of 25,650. Gains in the index were led by InterGlobe Aviation Ltd. and Mahindra & Mahindra Ltd.

Also Read: Trade Setup For Nov 12: Nifty Faces Immediate Resistance At 25,850

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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