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Auto stocks extended their rally for the second consecutive trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 810.91 points or 1.08% to 76,503.97. The Nifty 50 index rose 217.20 points or 0.93% to 23,658.
In the broader market, the BSE 150 MidCap Index gained 0.80% and the BSE 250 SmallCap Index added 0.52%.
The market breadth was strong. On the NSE, 2,250 shares rose and 1,176 shares fell. A total of 129 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.95% to 15.96. The Nifty 23 November 2026 futures were trading at 23,690 at a premium of 32 points as compared with the spot at 23,658.
The Nifty option chain for the 23 November 2026 expiry showed a maximum call OI of 61.7 lakh contracts at the 23,500 strike price. A maximum put OI of 76.6 lakh contracts was seen at the 23,000 strike price.
Buzzing Index:
The Nifty Auto index jumped 2.17% to 26,077.25. The index rose 2.57% in the two consecutive trading sessions.
Bosch (up 3.24%), Ashok Leyland (up 2.58%), Hero MotoCorp (up 1.97%), TVS Motor Company (up 1.79%), Samvardhana Motherson International (up 1.66%), Mahindra & Mahindra (up 1.35%), Tata Motors Passenger Vehicles (up 1.3%), Hyundai Motor India (up 1.18%), Eicher Motors (up 0.93%) and Maruti Suzuki India (up 0.89%) surged.
Additionally, the board will evaluate a proposal for the issuance of bonus shares in accordance with the applicable provisions of the Companies Act, 2013, including the rules framed thereunder, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions.
The company has reported 36.8% fall in consolidated net profit to Rs 704.90 crore in Q1 FY27 from Rs 1,115.30 crore in Q1 FY26. Revenue rose 22% YoY to Rs 5,841.90 crore in Q1 FY27.
Bosch Ltd is up for a third straight session today. The stock is quoting at Rs 45445, up 1.21% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 22804.85. The Sensex is at 73695.52, up 0.12%. Bosch Ltd has slipped around 3.35% in last one month.
Meanwhile, Nifty Auto index of which Bosch Ltd is a constituent, has slipped around 4.37% in last one month and is currently quoting at 24970.75, up 1.58% on the day. The volume in the stock stood at 18338 shares today, compared to the daily average of 21169 shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 45470, up 1.57% on the day. Bosch Ltd is up 17.92% in last one year as compared to a 12.07% slide in NIFTY and a 6.57% slide in the Nifty Auto index.
The PE of the stock is 56.12 based on TTM earnings ending June 26.
Market participants will track global developments, foreign institutional investor (FII) flows and further corporate earnings announcements for cues on market direction.
Auto shares advanced for the second consecutive trading sessions.
At 14:25 IST, the S&P BSE Sensex jumped 261.45 points or 0.35% to 74,577.07. The Nifty 50 index added 93 points or 0.40% to 23,087.90.
In the broader market, the Nifty MidCap 150 index was down 0.08%, while the Nifty SmallCap 250 index advanced 0.15%.
Market breadth remained positive. On the NSE, 2,062 shares advanced, while 1,423 declined and 111 remained unchanged.
Economy:
India's balance of payments recorded a surplus of $45.4 billion in August 2026, compared with a deficit of $5.6 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on 15 October 2026. The current account deficit narrowed to $5.2 billion from $6.1 billion in August 2025. The merchandise trade deficit declined to $26.6 billion from $27.6 billion a year earlier, as merchandise exports rose to $44.7 billion from $35.1 billion, while imports increased to $71.3 billion from $62.7 billion. Net services receipts also rose to $16.5 billion from $15.6 billion a year earlier.
Meanwhile, the government has raised windfall tax on exports of petrol, and reduced levies on diesel, according to a government notification issued late on Thursday night. The tax on petrol export was hiked to Rs 2.5 per litre from Rs 0.5 per litre, according to the notification. On the other hand, duty on diesel exports was slashed to Rs 8.5 per litre from Rs 16 per litre, effective October 16, the order said.
The Nifty Auto index jumped 0.83% to 25,598.30. The index rose 1.76% in the straight two trading sessions.
Mahindra & Mahindra (up 2.07%), Bosch (up 1.82%), TVS Motor Company (up 1.5%), Ashok Leyland (up 0.99%) and Tube Investments of India (up 0.92%), Maruti Suzuki India (up 0.54%), Bajaj Auto (up 0.53%), Sona BLW Precision Forgings (up 0.46%), Eicher Motors (up 0.44%) and Hyundai Motor India (up 0.43%) surged.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.15% to 7.378 compared with the previous session close of 7.389.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.9550 compared with its close of 94.9900 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement rose 0.72% to Rs 1,48,547.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.27% to 101.78.
The United States 10-year bond yield advanced 0.08% to 5.094.
In the commodities market, Brent crude for December 2026 settlement dropped 58 cents or 0.55% to $105.34 a barrel. Oil prices retreated after climbing above $106 in the previous session, as investors assessed developments in the Middle East and monitored the outlook for global oil supplies.
Bosch Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 46695, up 0.46% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 24391.7. The Sensex is at 77964.34, down 0%. Bosch Ltd has added around 12.63% in last one month.
Meanwhile, Nifty Auto index of which Bosch Ltd is a constituent, has added around 10.8% in last one month and is currently quoting at 29363.05, up 0.18% on the day. The volume in the stock stood at 33152 shares today, compared to the daily average of 36740 shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 46915, up 0.77% on the day. Bosch Ltd is up 21.02% in last one year as compared to a 0.97% fall in NIFTY and a 21.96% fall in the Nifty Auto index.
The PE of the stock is 57.89 based on TTM earnings ending June 26.
Revenue for the period under review was Rs 5841.90 crore. The growth in revenue was driven by higher demand in passenger cars and off-highway segment
Total operating expenditure rose by 21% to Rs 5,020.80 crore in Q1 FY27 over Q1 FY26, primarily due to higher raw material costs (up 37.5% YoY) and higher purchases of finished goods (up 33.7% YoY).
Profit before tax in Q1 FY27 stood at Rs 941.80 crore, down 32.4% from Rs 1,393.80 crore in Q1 FY26.
Guruprasad Mudlapur, president of the Bosch Group in India, and managing director, Bosch, said: 'Our business performance in the first quarter is driven by sustained demand across segments, particularly in passenger cars and commercial vehicles along with increased sales in key product categories.
The last quarter was marked with significant announcements for us, including the acquisition of Bosch Chassis Systems to expand our safety and braking portfolio and our joint venture with the TSF Group (Brakes India and Wheels India) for advanced commercial vehicle air systems.'
The scrip jumped 4.38% to currently trade at Rs 45150 on the BSE.