SENSEX holds 450 points gain; PNB, Ceat, Reliance Industries, RBL Bank among buzzing stocks

The Indian equity benchmarks were trading close to their respective 52-week highs in afternoon on Diwali, October 20, lead by gains in index heavyweights like Reliance Industries, State Bank of India, Bharti Airtel, Axis Bank, Infosys, Tata Consultancy Services and Bajaj Finance. The SENSEX rose as much as 704 points and NIFTY50 index touched an intraday high of 25,926.20, As of 12:20 pm, the SENSEX was up 456 points at 84,404 and NIFTY50 index advanced 141 points to 25,852.

Here are buzzing stocks in Diwali session

Billionaire Mukesh Ambani-backed company’s revenue from operations jumped 10% to ₹2,58,898 crore in the July-September period from ₹2,35,481 crore in the year-ago period.

The company on a consolidated basis reported a strong operational performance, as its operating profit, also known as EBITDA (earnings before interest, tax, depreciation and amortisation), jumped 18% to ₹45,885 crore and its operating profit margin expanded by 120 basis points to 18%.

“Reliance delivered a robust performance during 2QFY26, led by strong contributions from O2C, Jio and retail businesses. Consolidated EBITDA registered 14.6% growth on a Y-o-Y basis, reflecting agile business operations, a domestic-focused portfolio and structural growth in the Indian economy," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

The company reported a net profit of ₹121 crore in the July-September quarter of the last fiscal.

Revenue from operations rose to ₹3,773 crore for the second quarter as against ₹3,304 crore in the year-ago period, Ceat Ltd said in a regulatory filing.

Punjab National Bank on Saturday reported net profit of ₹4,904 crore in the second quarter of current financial year, marking an increase of 14% from ₹4,303 crore in the same period last year.

Its net interest income or difference between interest earned on loans and expended on deposits declined marginally to ₹10,469 crore in July-September period from ₹10,517 crore in the year-ago period.

The private sector lender had reported a net profit of ₹325 crore in the year-ago period.

Its core net interest income declined by 8% to ₹808 crore despite a 10% loan growth, because of a sharp compression in net interest margin (NIM).

On Saturday, October 18, RBL Bank said that Emirates NBD Bank, the second largest in the UAE, has expressed interest in acquiring a majority 60% stake in RBL Bank for ₹26,853 crore, the biggest ever financial sector deal in value terms.

The acquisition plan of Emirates NBD Bank to hold a controlling stake in RBL Bank through an infusion of approximately $3 billion (about ₹26,850 crore) marks the largest-ever foreign direct investment in India's financial services sector.

The bank had a net profit of ₹571 crore in the July-September quarter of FY25, the lender said in a regulatory filing.

The board of AU Small Finance Bank also approved the re-appointment of Sanjay Agarwal as Managing Director & CEO for a period of three years with effect from April 19, 2026 till April 18, 2029, subject to approval of the shareholders and Reserve Bank of India (RBI).