SENSEX drops over 750 points from day's high; Bata India, Kirloskar Oil, MCX among buzzing stocks

The Indian equity benchmarks extended losses in noon deals on Tuesday, October 28, owing to heightened volatility due to monthly expiry of October index and stock futures and option contracts. The SENSEX fell as much as 759 points and NIFTY50 index touched an intraday low of 25,826 after hitting an intraday high of 26,042 dragged down by losses in index heavyweights like ICICI Bank, HDFC Bank, Infosys, Bajaj Finance, ITC, Axis Bank and Tata Consultancy Services.

As of 12:21 pm, the SENSEX was down 423 points at 84,355 and NIFTY50 index declined 114 points to 25,853.

The Q2FY26 revenue for the quarter dropped 4.2% YoY to ₹801 crore as compared to ₹831 crore in the previous year’s same quarter.

On a sequential basis, the revenue dropped 14.9% QoQ to ₹941 crore. The sharp drop in revenue was primarily attributable to the deferment of purchases by channel partners due to GST rationalisation. Further, the disruption in one of the largest warehouses in July 2025 also had a temporary business impact.

Trading volume in the stock jumped by more than 15 times to 25 lakh shares compared with an average trading volume of 1.64 lakh shares.

On the BSE, as many as 1.46 lakh shares changed hands on the BSE compared with an average of 11,000 shares traded daily in the past two weeks.

The company reported an 18.73% increase in consolidated net profit to ₹170.47 crore in the September quarter, riding on electric vehicle traction motor and railway business in India.

Initially, trading was delayed from its normal opening time of 9 AM to 9:30 AM, which was then postponed to 10 AM, and subsequently revised to 10:30 AM. However, the exchange has further delayed the opening.

Furthermore, commodity trading is set to begin from its disaster recovery (DR) site.

"Update as on 11:49 AM - The commencement of trading is delayed due to a technical issue. Trading will start from DR site. The time of commencement of trading will be informed to market participants. Inconvenience is regretted," the country’s largest commodity exchange said in a message on its website.

The sharp surge in the stock price came after the company post market hours on Monday announced its September quarter earnings. The Telecom infrastructure firm posted a 17% decline in consolidated net profit to ₹1,839 crore in the second quarter ended September 30, 2025, due to pending dues from one of the large clients, according to the company filing.

The project includes the construction of a Double D type well foundation for a double line with RDSO 25T axle loading standard over the river Gandak, connecting Paniyahwa and Valmikinagar stations. This bridge forms part of the doubling work between Gorakhpur Cantt and Valmikinagar section of the North Eastern Railway.