SENSEX jumps over 500 pts, NIFTY above 22,800 in noon deals; Power Grid, Hyundai Motor, Jupiter Wagon among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued trading in positive territory during the afternoon session on Thursday, October 29, amid buying in fast-moving consumer goods (FMCG) and CPSE stocks and FII inflow.

Furthermore, Brent crude futures declined marginally and were trading close to $115 per barrel (bbl).

The SENSEX soared as much as 0.9% to hit an intraday high of 73,901.18. Meanwhile, the NIFTY50 surged as much as 0.8% to touch the session’s peak of 22,874.15.

At 1:21 PM, the S&P BSE SENSEX rose by 551.43 points, or 0.75%, to trade at 73,797.46. NSE’s NIFTY50 stood at 22,836.05, marking a 137.20-point, or 0.60%, jump.

On Wednesday, the foreign institutional investors (FIIs) bought shares worth ₹871.83 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹643.35 crore on a net basis, according to exchange data.

The NIFTY50 index was supported by gains in Adani Ports, Adani Enterprises, Power Grid Corporation of India, Kotak Mahindra Bank, and Eternal, which were among the top winners.

On the other hand, the top losers included Trent, SBI Life Insurance Company, Bajaj Auto, Hindalco Industries, and Asian Paints.

Buzzing stocks on October 29: Check list

Aeroflex Industries shares rallied more than 17.5% to hit an intraday high of ₹578.5 apiece on the National Stock Exchange (NSE) on Thursday, October 29, as equity investors focused on strong July to September quarter profit gains, with key support from healthy revenue gains in the period.

In the Q2 earnings for FY27, Aeroflex Industries posted a 157% increase in its consolidated net profit after tax to ₹37 crore, in comparison to ₹14 crore in the corresponding quarter of the previous financial year.

The company’s revenue from core operations surged around 87% year-on-year (YoY) to ₹207 crore in the September quarter of FY27, compared with ₹111 crore in the same period of the previous year.

The stock of Power Grid Corporation of India advanced as much as 4.22% to reach the session’s peak of ₹262 per equity share, a day after the company shared its September quarter earnings date details and record date for dividend payout.

The state-owned firm fixed a record date of November 6, 2026, for ascertaining the eligibility of the shareholders for payment of its first interim dividend of fiscal year 2026-27 (FY27).

The company’s board of directors will meet on November 1 to consider and approve the financial results for the quarter and half year ended September 30, 2026. Along with the earnings, the firm will also declare its first interim dividend for FY27.

The Maharatna PSU firm recorded a 0.8% decline in its consolidated net profit to ₹3,598 crore for the April to June quarter of the financial year 2026-27, in comparison to ₹3,631 crore in the same period a year earlier.

Shares of United hit an intraday high of ₹1,279.9 per unit on the National Stock Exchange (NSE) on Thursday, October 29, despite reporting a 7.8% year-on-year (YoY) fall in its consolidated net profit to ₹428 crore in the second quarter of the 2026-27 financial year (Q2 FY27).

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹464 crore, according to a regulatory filing.

Analysts said that while the company reported a fall in its EBITDA (earnings before interest, tax, depreciation and amortisation), its gross margin beat estimates.

Jupiter Wagon's stock jumped over 9% to touch an intraday high of ₹198 per equity share on Thursday, October 29, after the company bagged a major order from the Ministry of Railways.

The rolling stock and mobility solutions company received an order from the Ministry of Railways (Railway Board) for the manufacture and supply of 2,583 wagons worth ₹1,140 crore, including taxes. The 2,583 wagons comprise BOXNHL and BOXNS wagons.

“The receipt of this order further reinforces the company's position as a key player in the railway rolling stock manufacturing sector and reflects its continued contribution towards meeting the Indian Railways’ rolling stock requirements,” said Jupiter Wagons.

Hyundai Motor India shares surged nearly 6% to hit an early market high of ₹1,973.80 per unit on October 29, as investors focused on the strong overall sales growth and the potential for a turnaround in the second half of FY27, despite a 24% fall in its consolidated net profits in the July to September quarter results.

In the Q2 earnings, Hyundai Motor India posted a 24% fall in its consolidated net profit after tax (PAT) at ₹1,196 crore in the July to September quarter (Q2) earnings report, in comparison to ₹1,572 crore in the corresponding quarter of the previous fiscal year, as per the exchange filing.

The data further showed that the automaker’s revenue from core operations advanced 18.5% YoY to ₹20,696 crore in Q2 FY27, compared to ₹17,461 crore in Q2 FY26.

Hero MotoCorp shares declined 3.41% to touch an intraday low of ₹5,141 per unit on Thursday, October 29, as the company missed profit after tax (PAT) estimates for Q2 FY27.

The two- and three-wheeler maker’s standalone net profit increased 5% to ₹1,456 crore for the quarter ended September 30, 2026 (Q2 FY27), as compared to ₹1,392 crore in the corresponding quarter of the previous fiscal year.

The Gurugram-based company’s revenue from operations jumped 21% to ₹14,687 crore in the reporting quarter as against ₹12,126 crore seen in the year-ago period.

On the operational level, Hero MotoCorp’s EBITDA came in at ₹1,967 crore in contrast to ₹1,823 crore year-on-year (YoY), marking a growth of 8%.

Shares of Jio Platforms continued their strong run on Thursday, October 29, rallying another 5% on the second day of trading after a blockbuster stock market debut.

The stock extended its gains after listing on Wednesday, October 28, following the ₹30,213-crore initial public offering (IPO), which was fully subscribed within 100 minutes of opening.

Jio Platforms is scheduled to announce its Q2 FY27 results on Friday, October 30. This will be its first earnings announcement since listing as a separate entity.

Pidilite Industries stock advanced as much as 2.8% to hit an intraday high of ₹1,428.60 per equity share, as it reported an increase of 7.16% in consolidated net profit to ₹626.46 crore for the September quarter of FY27, on a YoY basis.

The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of ₹584.6 crore in the July-September period a year ago, according to a regulatory filing by Pidilite Industries.

Its revenue was up 20.9% at ₹4,297.59 crore in the September quarter of FY'27. It was ₹3,554.44 crore in the corresponding quarter a year ago.

Shares of Birlasoft gained as much as 14.99% to reach the session’s peak of ₹352 per unit on the NSE, after the company recorded a 37.5% YoY surge in its consolidated net profit to ₹159.65 crore in the quarter ended September 30, 2026.

In the same year last year, the firm had logged a profit of ₹116.1 crore, according to a regulatory filing.

Its board of directors also declared an interim dividend of ₹3 per equity share, with a face value of ₹2 each, at 150%, for FY27. It fixed November 5, 2026, as the record date for the same.