SENSEX rises over 500 points, NIFTY50 reclaims 25,900 on strong global cues; here are key things to know

The Indian equity benchmarks were trading sharply higher on Monday, October 27, on the back of strong global cues as signs of easing trade tensions between United States and China lifted equities across Asia.

Most of the Asian markets were trading higher after reports suggested that US and China reached an agreement on a range of contentious topics ahead of talks between US President Donald Trump and China's President Xi Jinping to finalise a deal and ease trade tensions that have rattled global markets.

The SENSEX rose as much as 505 points and NIFTY50 index touched an intraday high of 25,934 led by gains in index heavyweights like HDFC Bank, Reliance industries, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro and Tata Steel.

As of 9:51 am, the SENSEX was up 463 points at 84,680 and NIFTY50 index advanced 122 points to 25,917.

Sectoral landscape

Buying was visible across sectors as all the major sector gauges compiled by the National Stock Exchange were trading higher led by NIFTYPSU Bank index's 1.2% gain, NIFTY Realty, Metal, Oil & Gas, Bank and Financial Services indices also rose between 0.5%-1%.

Broader markets were also witnessing buying interest as NIFTY Midcap 100 index rose 0.6% and NIFTY Smallcap 100 index climbed 0.65%.

NIFTY50 gainers ad losers

Reliance Industries was among the top gainers in the NIFTY50 index, the stock rose 1.7% to ₹1,476 after Meta Platforms, Inc.'s Facebook Overseas will hold a 30% interest in the AI venture floated by billionaire Mukesh Ambani's Reliance Industries (RIL), according to a regulatory filing.

Reliance will hold 70% of Reliance Enterprise Intelligence Ltd., the company stated in the filing.

Reliance Intelligence, a wholly owned subsidiary of Reliance Industries Ltd, will jointly invest an initial ₹855 crore in the venture with Facebook.

SBI Life advanced 3% to ₹1,839.80 after the company on Friday reported a net profit of ₹494.6 crore for September quarter of the current fiscal (FY26), marking a year-on-year decline of 6.6%.

The insurer had a net profit of ₹529.42 crore in the same quarter last year.

The company’s net premium income during the quarter under review rose to ₹24,848 crore from ₹20,266 crore registered a year ago, according to a stock exchange filing.

Bharti Airtel, Tata Motors Passenger Vehicles, Tata Steel, HDFC Bank, Tech Mahindra, JSW Steel, Shriram Finance and Hindalco were also among the gainers.

On the flipside, Kotak Mahindra Bank, Bharat Electronics, ONGC, Bajaj Finance, Adani Ports and Eternal were among the laggards in the NIFITY50 index.

The overall market breadth was positive as 2,122 shares were advancing while 1,303 were declining on the BSE.