NIFTY50 above 25,750, SENSEX jumps 641 pts in noon deals; Wipro, Eternal, Jio Fin among buzzing stocks

After a weak start, Indian stocks bounced back and were trading higher in Friday’s afternoon session, led by a strong rally in banking shares. Driving the gains, the NIFTY Bank index surged 406 points to an all-time high of 57,828, reflecting robust buying interest in the sector.

Asian Paints shares were the biggest contributor, soaring 4.78%, followed by Bharti Airtel (3.01%), Max Healthcare (2.58%), Apollo Hospitals (2.36%) and Mahindra & Mahindra (2.07%).

Buzzing stocks on October 17: Checklist

Shares of the country's fourth-largest information technology (IT) company, Wipro, fell as much as 4.65% to hit an intraday low of ₹242 on the National Stock Exchange a day after it reported its second-quarter earnings. On the BSE, Wipro shares declined as much as 4.63%.

The Bengaluru-based IT company on Thursday reported a net profit of ₹3,246 crore for the second quarter of the current financial year, marking an annual increase of 1.17% from ₹3,209 crore in the same period last year. On a sequential basis, however, Wipro's net profit declined 2.53% from ₹3,330 crore in the previous quarter.

Wipro's revenue from operations rose 2% annually to ₹22,697 crore from ₹22,302 crore in the same period last year.

Wipro expects its revenue from IT services business to be in the range of $2,591 million to $2,644 million, translating into sequential guidance of (-)0.5% to (+)1.5% in constant currency terms for the December quarter.

At 12:23 PM, Wipro shares were the biggest laggard on the 50-share index, trading at ₹241.30 apiece, declining 4.93%.

Jio Financial Services shares slipped nearly 2% to an intraday low of ₹307.25 apiece on Friday, October 17, as the firm reported a flat September quarter for the fiscal year 2026.

The Reliance Group firm on Thursday posted a 0.87% year-on-year (YoY) increase in its net profit to ₹695 crore in the September quarter (Q2 FY26) from ₹689 crore in the year-ago period.

The company reported a total revenue from operations of ₹981 crore for the reporting quarter, up 41.5% from ₹694 crore in Q2 FY25. Its interest income rose to ₹392 crore during the July-September quarter against ₹205 crore in the same period in the previous fiscal quarter.

Jio Financial Services’ September quarter earnings failed to impress investors, leading its shares to dip in Friday’s trading. At 12:23 PM, Jio Financial Services shares were trading at ₹309.60 apiece, falling 0.80%.

KPI Green Energy shares surged as much as 3% to touch an intraday high of ₹472.90 apiece as the power generation firm bagged three contracts from SJVN for a major 200 MW (AC) solar power project in Gujarat.

“…we wish to inform that KPI Green Energy Limited has received three distinct Letters of Award (LOAs) from SJVN Limited (A Government of India Enterprise) for a major 200 MW (AC) Solar Power Project at the GIPCL Renewable Energy Park, Khavda, Gujarat,” KPI Green said in a regulatory filing.

The project includes a complete EPC (Engineering, Procurement, and Construction) package, followed by a long-term operation and maintenance (O&M) contract. KPI Green will supply, erect, test, commission and undertake O&M as per the terms of the LOAs and bid documents. The project, with a total aggregate value of ₹696.50 crore, is structured across three major contracts.

At 12:28 PM, KPI Green Energy shares were trading at ₹467.35 apiece, rising 1.65% on NSE.

Infosys shares slipped over 2% to an intraday low of ₹1,440.10 apiece as the IT firm revised its revenue guidance for FY26.

Infosys reported a 13.19% year-on-year increase in consolidated net profit, reaching ₹7,364 crore in Q2 FY26 on Thursday, October 16, up from ₹6,506 crore in the same quarter last year. On a sequential basis, the country’s second-largest IT services company’s net profit rose 6.4% from ₹6,921 crore.

The company's revenue in the July-September period gained 8.55% year-on-year (YoY) to ₹44,490 crore from ₹40,986 crore seen in the year-ago period.

Further, revenues in the first half of the current financial year (H1 FY26) grew at 3.3% YoY in constant currency, while the operating margin for H1 was at 20.9%.

The Bengaluru-based company has declared an interim dividend of ₹23 per equity share, with October 27, 2025, as the record date and November 7, 2025, as the payout date.

Infosys has revised its FY26 revenue guidance to 2%-3%, and margin guidance is retained at 20%-22%.

At 12:30 PM, shares of the IT services major were trading at ₹1,444 apiece, declining 1.87% on NSE.

Shares of Canara HSBC Life Insurance Company Ltd listed at ₹106 apiece on the National Stock Exchange (NSE), which is at par with the IPO issue price of ₹106 per share. On the BSE also, the stock started trading at the same level as the issue price of ₹106.

A lot consisted of 140 shares. Investors who received the Canara HSBC Life Insurance IPO allotment made no gains.

The ₹2,517.50 crore was subscribed 2.29 times, with bids for 38,216,220,000 shares compared to 16,671,500,000 shares on offer, according to NSE data.

The qualified institutional buyers, or QIBs, category secured a 7.05 times subscription. The part reserved for retail investors got subscribed 42%, and non-institutional investors got 33% subscription.

Eternal shares slipped 4% to an intraday low of ₹333.75 apiece as the Zomato parent firm reported a quarterly net profit decline to ₹65 crore. However, its total revenue from operations surged 183% year-on-year (YoY) to ₹13,590 crore in the quarter, up from ₹4,799 crore in Q2 FY25.

On the bottom line, the company’s net profit for the quarter fell sharply to ₹65 crore from ₹175 crore in Q2 FY25, primarily due to weaker operational performance.

On the operational front, adjusted EBITDA for the quarter declined 32% year-on-year to ₹224 crore. However, the adjusted EBITDA margin (as a percentage of NOV) hit an all-time high of 5.3%, with the business delivering an absolute adjusted EBITDA of over ₹500 crore for the quarter, up from ₹451 crore in Q1 FY26.

At the segment level, the quick commerce vertical Blinkit saw a massive surge in revenue to ₹9,891 crore from ₹1,156 crore in Q2 FY25, emerging as the top revenue contributor for the quarter. 

At 12:32 PM, Eternal shares were seen at ₹339.90 apiece, declining 2.29%.

Shares of BEML gained as much as 1.6% to an intraday high of ₹4,498 apiece after the state-owned firm partnered with Kineco Ltd to work in the field of advanced composite manufacturing for defence and aerospace applications.

The Memorandum of Understanding (MoU) was exchanged in the presence of BEML CMD Shantanu Roy and Shekhar Sardessai, Founder and CMD of Kineco Limited, along with senior officials from both organisations in the national capital.

As part of the collaboration, BEML and Kineco will jointly engage in the development and manufacturing of carbon fibre reinforced polymer (CFRP) structures, glass fibre reinforced polymer (GFRP) panels and components, honeycomb cores, foams, and bonding consumables for metallic detail parts.

These advanced materials are integral to next-generation aerospace and defence systems, offering lightweight strength, enhanced durability, and superior performance.

At 12:40 PM, BEML shares were trading at ₹4,455 per share on NSE, rising 0.66%.