- Summary
- The Sensex rose 308.49 points to close at 74,459.53 while the Nifty 50 gained 116.35 points to end at 23,053.10 on Friday, 30 October 2026, a second straight day of gains as IT and pharma stocks moved higher and Indian markets outperformed most of their Asian peers.
- The gains were limited to large companies, with the Nifty MidCap 100 falling 0.93% and the Nifty SmallCap 100 dropping 1.85%, while Nifty IT led the sectors and Consumer Durables fell the most.
- GAIL more than doubled its quarterly profit to ₹4,650 crore, Coal India fell as much as 4.4% despite a 57% jump in profit, and Sun Pharma’s profit fell 36% because of one-time charges.
- Brent crude climbed back to $116.04 after reports that US military leaders briefed President Trump on options for Iran, and the Houthis claimed attacks on three major Saudi oil sites.
The Sensex rose 308.49 points, or 0.42%, to close at 74,459.53, while the Nifty 50 gained 116.35 points, or 0.51%, to end at 23,053.10, closing above 23,000 for the first time in this recovery. The main driver came from outside India. As investors around the world sold some of their holdings in AI-related stocks, money moved into Indian technology companies.
Trent, InterGlobe Aviation and Infosys were the top gainers in the Nifty 50. The broader market went the other way. The Nifty SmallCap 100 fell 1.85% and the Nifty MidCap 100 lost 0.93%, so while the benchmarks gained, most smaller stocks fell, the reverse of Tuesday’s session.
Impact on the stock market
Sectoral gainers: Nifty IT rose the most of any sector, helped by the global shift out of AI-related stocks and into established technology services companies like Infosys. Pharma stocks also gained, continuing their steady run as a defensive choice.
Sectoral losers: Nifty Consumer Durables fell the most, as companies selling appliances and electronics continued to struggle with signs of weaker festive demand.
| Sector/Index | Performance |
| IT & BPM sector | 2.32% |
| Healthcare sector | 1.58% |
| Oil & Gas sector | -0.47% |
| Real estate sector | -0.72% |
| PSU Bank in India | -0.93% |
Top gainers today
Here are the stocks that delivered the Top gainers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| Trent | 3,017.30 | 5.44 |
| Interglobe Aviation | 4,877.60 | 4.33 |
| Infosys | 1,185.00 | 3.36 |
| Apollo Hospital | 8,448.00 | 3.02 |
| Power Grid Corp | 265.00 | 1.92 |
Top losers today
Here are the stocks that saw the Top losers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| Shriram Finance | 823.15 | -2.13 |
| Nestle | 1,167.00 | -1.82 |
| M&M | 2,840.30 | -1.72 |
| Jio Financial | 204.50 | -1.21 |
| Adani Ports | 1,850.00 | -1.18 |
Market aftermath: Impact on stocks
GAIL Q2: Profit More Than Doubles to ₹4,650 Crore
GAIL (India) reported net profit of ₹4,650 crore for the September quarter, more than double the ₹2,217 crore it earned a year ago. Revenue rose more than 30% to ₹45,924 crore, while expenses grew 23%. Because revenue grew faster than costs, a much larger share of each rupee of sales turned into profit. The gas marketing business, GAIL’s largest, grew more than 31% to ₹41,226 crore. Petrochemicals revenue rose nearly 26%, and gas transmission revenue grew 21%.
The recovery reflects how quickly gas supplies returned to normal after the West Asia conflict. Analysts at Jefferies said India’s gas consumption was back to pre-conflict levels by September. Chairman Deepak Gupta had earlier said supplies had recovered to 90-95% as India bought gas from other sources. GAIL also gave in-principle approval to list its subsidiary GAIL Gas on the stock market by selling up to 25% of the company, subject to final board approval.
Coal India Q2: Profit Jumps 57% but Higher Costs Hit the Stock
Coal India’s consolidated net profit rose 57% to ₹6,547 crore from ₹4,167 crore, and revenue grew 20.8% to ₹44,179 crore. Dispatches to customers rose 12% to 186.3 million tonnes, and volumes sold through online auctions, where Coal India gets higher prices, jumped about 51%. The shares still fell as much as 4.4% to ₹380.70 before recovering to close 1.03% lower at ₹389.45.
Costs were the problem. Equirus said operating profit was 30% below its estimate, as the cost of producing each tonne rose 6.4% to ₹1,974. JM Financial cut its target price to ₹438 from ₹458, and Motilal Oswal lowered its estimate for this year’s operating profit by 5%. Most brokerages still recommend the stock. Elara has a target of ₹522, about 33% above the current price, and sees possible annual dividends of ₹26-27 per share. It also highlighted Coal India’s expansion beyond coal, including 200 MW of solar capacity at Khavda in Gujarat.
Sun Pharma Q2: One-Time Charges Cut Profit by 36%
Sun Pharmaceutical’s consolidated net profit fell 36.2% to ₹1,989 crore. The fall came from one-time charges related to its proposed acquisition of Organon & Co and a settlement in a US antitrust case. Excluding these charges, adjusted profit rose 1.4% to ₹3,162 crore from ₹3,118 crore. Investors focused on that figure, and the shares traded about 0.95% higher at ₹1,777.70.
Revenue rose 11.9% to ₹16,198.7 crore, driven by growth in India and other emerging markets, while sales of medicines in the US declined. Operating profit grew 4.8% to ₹4,743.9 crore, a 29.3% margin, and profit before one-time items and tax rose 6.3% to ₹4,428.2 crore. The business is growing steadily, and the Organon acquisition is the main development to watch from here.
Crude Oil: Brent Back at $116 as US Weighs Military Options
At 10.03 am, December Brent futures were at $116.04, up 1.01%, and WTI was at $103.14, up 1.12%. On the MCX, November crude traded at ₹9,827, up 1.22% from ₹9,709. Natural gas fell 1.45% to ₹277.70.
A day after crude fell on hopes of peace talks, the mood reversed. The Wall Street Journal reported that US Central Command chief Admiral Brad Cooper and Defence Secretary Pete Hegseth briefed President Trump on military options for Iran on Thursday. The Houthis also said they attacked the Ras Tanura and Rabigh refineries and an Aramco facility in Abqaiq, some of Saudi Arabia’s most important oil sites, and Saudi Arabia said it intercepted a cruise missile. With the US mid-term elections next week, oil traders are reacting to every headline.
Conclusion
The Nifty ended the week above 23,000 after two days of gains, with IT stocks leading as global investors moved money away from AI-related stocks. The gains were narrow, though, with smallcaps falling 1.85% and midcaps 0.93%. Company results showed that the market judges profit quality, not just headline numbers. GAIL’s profit doubled because its revenue grew faster than its costs. Coal India fell despite a 57% increase in profit because its costs rose, and Sun Pharma held steady because investors looked past its one-time charges. Brent is back at $116 as the US considers military options against Iran, and the US mid-term elections next week could decide whether the situation moves towards a deal or further conflict.
