The BSE Sensex jumped 368.97 points (0.44%) to close at 84,977.13, while the NSE Nifty50 gained 117.7 points (0.45%) to end at 26,053.9.
In the broader market, the NSE Midcap 100 rose 0.64%, and the Nifty Smallcap 100 climbed 0.43%, signalling that mid and small caps too joined the party.
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Impact on the stock market
Sector-wise performance
Among the sectors, Nifty Oil & Gas was the star performer, surging 2.12%, closely followed by Energy, Metal, and Media indices. Banking, Financial Services, IT, and Pharma also posted modest gains.
The only laggard of the day was Nifty Auto, which slipped as supply chain worries loomed over the sector.
| Sector/Index | Performance |
| IT & BPM sector | 0.64% |
| Healthcare sector | 0.65% |
| Oil & Gas sector | 2.12% |
| Real estate sector | 0.62% |
| PSU Bank in India | 0.02% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Adani Ports | 1,457.00 | 2.76 |
| Adani Enterpris | 2,560.60 | 2.65 |
| NTPC | 347.50 | 2.46 |
| Power Grid Corp | 294.75 | 2.25 |
| JSW Steel | 1,209.20 | 2.11 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Dr Reddys Labs | 1,250.90 | -2.99 |
| Coal India | 381.05 | -2.64 |
| M&M | 3,534.60 | -1.24 |
| Eternal | 330.75 | -1.15 |
| Bharat Elec | 409.15 | -1.06 |
Market aftermath: Impact on stocks
Apollo Micro Systems rises on fresh DRDO orders
Defence-linked optimism lifted Apollo Micro Systems (AMS) shares up to 3% after the Hyderabad-based firm announced new orders worth ₹184.33 million from DRDO, defence PSUs, and private companies.
The stock opened strong at ₹277.50 and touched an intraday high of ₹284.65, before settling around ₹281.45 — up nearly 1.86% by 2 pm. This gain came as a relief after two straight sessions of declines.
The company also announced that its Board will meet on November 4 to review its Q3 FY26 results, keeping investor focus intact for next week.
Bosch stumbles as chip curbs hit supply chain
Shares of Bosch Ltd dropped 3.5% to ₹37,675, weighed down by concerns over supply disruptions from Dutch chipmaker Nexperia.
The Netherlands recently seized control of Nexperia citing governance lapses, prompting China to block exports — a move that threatens nearly 70% of Nexperia’s chip supplies which are packaged in China.
Bosch acknowledged that the “current situation presents significant challenges,” warning that temporary production adjustments at some manufacturing plants cannot be ruled out.
At ₹37,135 on the NSE by 1:30 pm, Bosch remained under pressure, far from its 52-week high of ₹41,945. The auto parts major’s market cap now stands at around ₹1.1 lakh crore, and investors are watching closely for updates on how the company mitigates these chip bottlenecks.
Varun Beverages sparkles 8.5% on Carlsberg partnership and Q3 boost
In one of the day’s biggest movers, Varun Beverages Ltd (VBL) soared 8.5% to ₹493 per share, snapping a three-day losing streak.
The Pepsi bottler’s Q3 net profit jumped 19% to ₹745 crore, supported by lower finance costs and higher other income, while revenue inched up 2% to ₹4,897 crore.
The excitement didn’t just come from numbers — VBL announced a strategic partnership with beer giant Carlsberg to distribute its iconic brand in select African markets. The move marks VBL’s bold step into the alcoholic beverages segment, signalling ambitions that go beyond carbonated drinks.
Chairman Ravi Jaipuria highlighted that international operations grew 9%, even as domestic volumes stayed muted due to prolonged monsoon rains. The company is also setting up a wholly-owned subsidiary in Kenya, expanding its global footprint.
While EBITDA margins dipped slightly by 53 basis points to 23.4%, investors seemed unfazed — with 17 million shares traded, four times the 30-day average.
Clearly, the market cheered VBL’s diversification and steady growth in Africa, interpreting it as a long-term play on beverage innovation and global scale.
Crude oil stays soft despite lower US inventories
In the commodities space, crude oil futures slipped slightly even as US inventories dropped.
At 9:57 am, January Brent was down 0.11% at $63.76, and December WTI stood at $60.09, off 0.10%. On India’s MCX, November crude oil futures traded at ₹5,323, down 0.13%, while December contracts hovered around ₹5,308, down 0.11%.
According to the American Petroleum Institute, US crude inventories fell by 4 million barrels last week — a steeper drop than expected. The official EIA data later in the day could confirm the trend.
Meanwhile, traders await cues from US Fed Chair Jerome Powell’s policy announcement, with markets widely expecting a 25 bps rate cut. Also on radar: a crucial US-China meeting this week, where trade tariffs and export policies could be discussed — potentially shaping commodity and currency markets in the weeks ahead.
Other commodities painted a mixed picture:
- Natural Gas (Nov futures): ₹338.70, down 0.85%
- Cottonseed Oilcake (Dec): ₹2,937, up 0.24%
- Turmeric (Dec, farmer polished): ₹14,920, down 0.81%
Conclusion
Markets closed on a cautiously upbeat note — steady indices, mixed sector performance, and stock-specific fireworks defined the day.
Varun Beverages was the star performer with its global expansion story, while Bosch reminded investors how global geopolitics can rattle even the most established supply chains. Defence-linked stocks like Apollo Micro Systems quietly rallied on new orders, adding a dose of optimism to India’s manufacturing narrative.
As global central banks tiptoe around rate cuts and trade talks continue to shape investor sentiment, Indian markets seem poised for a data-heavy and potentially volatile week ahead.
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