Compiled from reports by India Infoline, TradingView, The Indian Awaaz and Bombay Samachar. See the original articles linked below.
This article reports news and is not financial advice.
Indian equity benchmarks ended higher on Friday, October 30, 2026, with technology and pharmaceutical shares doing most of the lifting, according to several market reports. India Infoline reported that the Sensex added 308.49 points to finish at 74,459.53, while the Nifty 50 gained 116.35 points to close at 23,053.10, back above the 23,000 level.
Bombay Samachar described the day as the second straight session of gains for Indian equities. TradingView, which carried a report from Business Line, said the Nifty rose 0.51% and the Sensex 0.42%, and called it the third consecutive advance. The Indian Awaaz gave the Sensex close as 74,459.93, a figure that differs slightly from the 74,459.53 given by India Infoline and the other outlets.
Sector moves
India Infoline said the Nifty IT index rose 2.32%, helped by sector rotation and by positive sentiment after results from Cognizant. It added that the Nifty Pharma index gained 1.55% and touched a record high, driven by contract development and manufacturing stocks. The Indian Awaaz named Wipro, Coforge, LTIMindtree and Infosys among the top gainers, and India Infoline reported that Infosys rose 3.36%.
Bombay Samachar reported that banking shares and the broader market stayed under pressure. By its figures, Bank Nifty fell about 223 points to 54,687 and the midcap index lost 540.4 points to 57,301. TradingView said the Midcap 100 and Smallcap 100 indices dropped 0.93% and 1.85% respectively, and that only 108 stocks in the Nifty 500 advanced. India Infoline noted that eight of 13 sectoral indices ended lower.
Company news
India Infoline reported that Trent shares rose 5.44% after quarterly results, and that IndiGo, run by InterGlobe Aviation, gained 4.33% as its quarterly net loss narrowed to about Rs 1,879 crore from Rs 2,582 crore a year earlier. The outlets describe Trent's profit differently: India Infoline said consolidated net profit grew 25% to Rs 468 crore, while The Indian Awaaz cited an 8.63% year-on-year rise in standalone net profit.
TradingView said Laurus Labs rose more than 7% after its quarterly profit more than doubled. Bombay Samachar reported that Suzlon Energy fell nearly 8% after a guidance downgrade, and that Equitas Small Finance Bank dropped over 6% amid reports that its managing director and chief executive had resigned. The Indian Awaaz gave the Equitas fall as 6.26% and said the bank had posted a record quarterly profit. India Infoline said Shriram Finance fell 2.13% after trimming its assets-under-management growth outlook for FY27.
Weekly performance
Bombay Samachar reported that the Nifty gained nearly 2% over the week, the smallcap index rose more than 4%, and Nifty Pharma climbed over 7%, leading sectoral gains.
Crude oil, currency and flows
TradingView reported that Brent crude futures reached $117.8 a barrel, the highest since April, citing a tanker struck by explosives in the Strait of Hormuz and Iran's rejection of Qatar's ceasefire proposals. The Indian Awaaz put Brent at $117.36, up 2.16%, and said the rise raised concerns about India's import bill and inflation. It also reported that the rupee strengthened to 94.9250 against the dollar and that the 10-year Indian bond yield rose to 7.425%.
India Infoline said net buying by domestic institutions of Rs 1,924 crore supported sentiment, while selling by foreign institutional investors and high crude prices kept it cautious. TradingView reported that analysts expect range-bound, volatile trading, pointing to the earnings calendar, the US midterm elections on November 3, geopolitical risk and oil prices, and that they see support for the Nifty at 22,800 and a close above 23,200 as the level to watch.
Sources
- Closing Bell: Nifty Reclaims 23,000 as IT and Pharma Lead, Trent Surges 5% on 25% Q2 Profit Growth, IndiGo Narrows Loss (India Infoline, 2026-10-30)
- Nifty reclaims 23,000 to end October on a positive note; IT and Pharma lead, midcaps bleed (TradingView, 2026-10-30)
- Sensex Gains 308 Points, Nifty Reclaims 23,000 as IT and Pharma Stocks Lead Recovery (The Indian Awaaz, 2026-10-30)
- Sensex, Nifty Close Higher: Which Stocks Led The Market Recovery On October 30? (Bombay Samachar, 2026-10-30)
This article was compiled with AI assistance from the reports listed above and reviewed by GMA before publishing.