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Consumer durable, metal and FMCG shares declined while IT, pharma and PSU Bank shares advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 5.51 points or 0.01% to 74,181. The Nifty 50 index rose 17.55 points or 0.08% to 22,960.20.
In the broader market, the BSE 150 MidCap Index rose 0.74% and the BSE 250 SmallCap Index added 1.10%.
The market breadth was weak. On the BSE, 1,135 shares rose and 1,928 shares fell. A total of 199 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 943.60 crore, while domestic institutional investors (DIIs) were net buyers of Rs 1,924.41 crore in the Indian equity market 29 October 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.09% to 7.394 compared with previous session close of 7.387.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2500 compared with its close of 95.2650 during the previous trading session.
MCX Gold futures for the 4 December 2026 settlement fell 0.54% to Rs 1,41,833.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.25% to 101.79.
The United States 10-year bond yield declined 1.34% to 4.917.
In the commodities market, Brent crude for the December 2026 settlement advanced $1.41 or 1.23% to $116.29 a barrel.
Stocks in Spotlight:
InterGlobe Aviation advanced 1.30% after the company’s a consolidated net loss narrowed to Rs 1,879.1 crore in Q2 FY27 as against a net loss of Rs 2,582.1 crore in Q2 FY26. Revenue increased 25.9% to Rs 23,363.8 crore from Rs 18,555.3 crore. EBITDAR surged 121% to Rs 2,460 crore from Rs 1,114.3 crore. EBITDAR margin expanded to 10.5% from 6%.
Coal India fell 1.60%. The company’s consolidated net profit rose 53% to Rs 6,516.1 crore in Q2 FY27 as against Rs 4,258.8 crore in Q2 FY26. Revenue increased 20.9% to Rs 44,178.7 crore from Rs 36,553.1 crore.
Trent rallied 5.88% after the company’s consolidated net profit rose 25.4% to Rs 468.1 crore in Q2 FY27 as against Rs 373.4 crore in Q2 FY26. Revenue increased 21.9% to Rs 5,873.1 crore from Rs 4,817.7 crore.
Global Market:
Dow futures fell 107points, signalling a negative opening for US stocks.
Asian equities came under pressure on Friday as Bank of Japan kept interest unchanged at 1.25%.
US stocks ended lower on Thursday, as disappointing technology earnings and concerns over AI investment returns weighed on investor sentiment. The Dow Jones Industrial Average declined 132.54 points, or 0.25%, to 52,342.56. The S&P 500 fell 23.59 points, or 0.30%, to 7,720.39, while the Nasdaq Composite dropped 365.13 points, or 1.38%, to 26,184.72.
Alphabet shares plunged 12.64% on Thursday, marking their worst daily decline on record, after its third-quarter revenue missed market expectations. Revenue increased 25% year on year to $127.58 billion, against the analyst estimate of $127.97 billion. Earnings per share stood at $2.12, below expectations of approximately $2.94.
Google Cloud revenue surged 103% to $30.7 billion, but concerns over heavy AI-related capital expenditure and the returns from these investments overshadowed the growth.
ServiceNow and Fortinet also faced heavy selling following their financial updates. Both stocks declined more than 20%, adding to pressure on the technology sector.
After the US market close, Intel shares plunged more than 17% in extended trading after the company issued a weaker-than-expected outlook. Intel reported third-quarter revenue of $16.5 billion, up 21% year on year, and non-GAAP earnings per share of $0.52. It forecast fourth-quarter revenue of $15 billion to $16 billion and non-GAAP earnings per share of $0.25.
Amazon shares fell more than 5% in extended trading despite strong cloud growth. Third-quarter net sales increased 12% to $201.94 billion, while AWS revenue rose 39% to $46 billion. Operating income increased to $28.08 billion from $17.42 billion a year earlier.
However, trailing 12-month free cash flow turned negative at $42.36 billion, compared with positive free cash flow of $14.79 billion a year earlier. Amazon maintained its 2026 capital expenditure forecast of approximately $220 billion. Its fourth-quarter revenue guidance of $240 billion to $247 billion also disappointed investors.
The US economy expanded at an annualised rate of 3.4% in the third quarter of 2026, according to the advance estimate released by the Bureau of Economic Analysis on Thursday. This compared with growth of 2.2% in the second quarter and exceeded the approximately 3% market forecast.
Consumer spending rose at a 3.8% annualised rate, while business investment also contributed to growth. Investment in information-processing equipment increased sharply, reflecting continued spending on AI-related infrastructure. The GDP figure is preliminary and subject to revision.
Meanwhile, the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, increased 0.5% month on month in September, compared with 0.3% in August. Annual inflation accelerated to 3.6% from 3.4%.
Core PCE inflation, excluding food and energy, rose 0.3% month on month and 3.1% year on year, compared with 3.0% in August. The monthly increases were in line with market expectations.
Personal consumption expenditure increased 0.5% in September, while real consumer spending was unchanged. The data indicated that inflationary pressures remained elevated despite resilient economic growth.
The company's pre-tax loss narrowed to Rs 1,879.1 crore in Q2 FY27 from Rs 2,481.7 crore in Q2 FY26.
EBITDAR (earnings before interest, taxes, depreciation, amortisation and rent) surged 120.76% YoY to Rs 2,459.9 crore in Q2 FY27 from Rs 1,114.3 crore in the year-ago quarter. Consequently, the EBITDAR margin improved to 10.5% from 6% during the same period.
However, EBITDAR excluding foreign exchange (forex) impact stood at Rs 3,615.3 crore, with a margin of 15.5%, compared with Rs 3,800.3 crore and a margin of 20.5% in Q2 FY26, respectively.
On the operational front, available seat kilometres (ASK) declined 1% YoY to 40.8 billion in Q2 FY27 from 41.2 billion in the corresponding quarter last year. Revenue passenger kilometres (RPK) fell 3.7% to 32.8 billion from 34 billion.
The airline carried 27.5 million passengers during the quarter, registering a decline of 4.7% compared with 28.8 million passengers in Q2 FY26.
As of 30 September 2026, IndiGo reported a total cash balance of Rs 52,685.4 crore, comprising free cash of Rs 39,929 crore and restricted cash of Rs 12,756.4 crore.
Willie Walsh, CEO, said, “The seasonally soft September quarter saw exceptionally elevated fuel costs and continued geopolitical turmoil. We responded with prudent capacity reduction and yield management, supporting strong revenue performance but only partially offsetting the higher costs. Despite these actions, the quarter resulted in a net loss of around 19 billion rupees.
We remain focused on managing the near-term challenges while continuing to invest for the future. India’s long-term aviation opportunity remains compelling, and our priorities remain clear: safe and reliable operations, rigorous cost discipline, and disciplined growth that creates sustainable value.”
InterGlobe Aviation is an Indian aviation company that operates under the brand name IndiGo. As of 30th September 2026, fleet of 442 aircraft including 26 A320 CEOs, 174 A320 NEOs, 186 A321 NEOs, 4 A321XLR, 44 ATRs, 3 A321 freighters, and 5 B787 (damp lease); a net increase of 10 passenger aircraft during the quarter.
IndiGo retained the highest market share at 65%, carrying 78.87 lakh passengers.
SpiceJet's market share stood at 1.2%, with the airline carrying 1.40 lakh passengers during the month.
The Air India Group held a 26.7% market share with 32.32 lakh passengers, while Akasa Air had a 5.5% share after carrying 6.68 lakh passengers.
On-time performance (OTP) was highest for IndiGo at 91%, followed by Akasa Air at 90.5% and the Air India Group at 83.9%. Alliance Air reported an OTP of 71.8%, while SpiceJet's OTP stood at 17.9%.
InterGlobe Aviation is the parent company of IndiGo, India's largest airline by domestic passenger market share. SpiceJet is a low-cost airline operating domestic and international passenger services.
Barring the Oil & Gas index, all sectoral indices on the NSE traded in positive territory.
At 13:30 IST, the barometer index, the S&P BSE Sensex surged 636.90 points or 0.84% to 76,692.91. The Nifty 50 index climbed 182 points or 0.77% to 23,950.70.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.08% and the BSE 250 SmallCap Index advanced 1.23%.
The market breadth was strong. On the BSE, 2,732 shares rose and 1,453 shares fell. A total of 247 shares were unchanged.
In the commodities market, Brent crude for September 2026 settlement dropped $5.49 or 5.67% to $91.29 a barrel.
Gainers & Losers:
Eternal (up 5.95%), Indigo (up 4.76%), Infosys (up 3.79%) and Bajaj Finance (up 3.19%) were the major Nifty50 gainers.
ONGC (down 3.14%), HDFC Bank (down 0.51%), HDFC Life Insurance Company (down 0.47%) and Adani Ports and Special Economic Zone (down 0.41%) were the major Nifty50 losers.
Canara Bank added 1.35% after the bank reported 2.19% increase in net profit to Rs 4,856 crore on a 4.26% rise in total income to Rs 39,684 crore in Q1 FY27 as compared with Q1 FY26.
MosChip Technologies tumbled 8.92% after the company reported a 77.56% YoY decline in consolidated net profit to Rs 2.45 crore in Q1 FY27, compared with Rs 10.92 crore posted in the corresponding quarter of the previous fiscal. Revenue from operation fell 14.29% YoY to Rs 116.21 crore in the quarter ended 30 June 2026.
Tata Consumer Products (TCPL) added 1.52% after the company reported a 27.78% year-on-year increase in consolidated net profit to Rs 426.98 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 334.15 crore in Q1 FY26. Revenue from operations rose 11.93% year-on-year to Rs 5,348.88 crore in Q1 FY27.
Lodha Developers jumped 3.92% after the company reported 103.36% surge in consolidated net profit to Rs 1,372.1 crore in Q1 FY27, compared with Rs 674.7 crore in Q1 FY26. Revenue from operations rose 43.1% YoY to Rs 4,996.7 crore in Q1 FY27, reflecting strong execution and sustained demand across its residential portfolio.
AU Small Finance Bank (SFB) jumped 5% after the company reported 37.03% jump in standalone net profit to Rs 795.95 crore in Q1 FY27 compared with Rs 580.85 crore in Q1 FY26. Total income climbed 15.47% YoY to Rs 5,991.95 crore in Q1 FY27.
Seshasayee Paper and Boards rallied 5% after the company’s standalone net profit surged 96.89% to Rs 33.59 crore in Q1 FY27 from Rs 17.06 crore in Q1 FY26. Revenue from operations increased 27.68% YoY to Rs 492 crore in Q1 FY27, supported by higher production, improved sales volumes, and better realizations in both domestic and export markets.
Global Markets:
European and Asian market advanced as investor sentiment improved following reports of a pause in U.S.-Iran hostilities over the weekend, easing concerns over further geopolitical escalation.
China’s industrial profits rose 15.1% in June from a year earlier, according to data released Monday by the National Bureau of Statistics, slowing for a second straight month.
In Singapore, the Monetary Authority of Singapore tightened monetary policy for a second straight meeting on Monday as a precaution against renewed inflationary pressures from a potential rebound in oil prices. The move came despite subdued domestic inflation, with core inflation—excluding accommodation and private transport costs—edging up to 1.6% in June from 1.4% in May, while headline inflation stood at 1.9%, remaining within the MAS's projected range of 1.5% to 2.5% for 2026
Tensions elsewhere mounted after Ukraine struck an Iranian commercial vessel in the Caspian Sea, which prompted Tehran to accuse Kyiv of a 'hostile and criminal act.”
Last week on Wall Street, the S&P 500 ended near flat on Friday, weighed down by chip stocks, as investors assessed the latest developments regarding the Middle East conflict.
The broad market index added just 0.05% and closed at 7,411.98 while the Nasdaq Composite dropped 0.64% to end at 24,975.82.The Dow Jones Industrial Average gained 235.60 points, or 0.46%, to settle at 51,947.25.
The focus now remains on upcoming megacap earnings and the US Federal Reserve meeting scheduled for this week.
ACC, Tata Consumer Products, Dr Lal Path Labs, Shriram Finance, Laurus Lab, Hindustan Zinc, Jindal Steel, SAIL, Moschip Technologies, SBI Cards Payments Services, SBI Life Insurance Company, Bank of Baroda, Bank of India, CG Power and Industrial Solutions, Aaron Industries, Arihant Capital Markets and Automotive Stampings and Assemblies, Atul, Welspun Corp, will declare their Q1 results later today.
Stocks to Watch:
Meesho reported consolidated net loss of Rs 1328.35 crore in Q1 FY27 comapred with Rs 2893.58 crore posted in Q1 FY26. Revenue from operations jumped 48.28% YoY to Rs 3,712.81 crore in Q1 FY27.
Infosys reported 8.61% decline in consolidated net profit to Rs 7,769 crore in Q1 FY27 compared with Rs 8,501 crore in Q4 FY26. Revenue from operations increased 3.90% QoQ to Rs 48,211 crore in Q1 FY27. The company lowered the upper end of its FY27 constant currency revenue growth guidance to 3%, from 3.5% earlier in Q4 FY26, while retaining the lower end at 1.5% and reaffirming its operating margin guidance of 20%–22%.
Interglobe Aviation (Indigo) reported a consolidated net loss of Rs 2,380 crore in Q1 FY27, compared with a net profit of Rs 21,763 crore posted in Q1 FY26. Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026.
Suryoday Small Finance Bank has reported a net profit of Rs 75.18 crore for Q1 FY27, which is 2.13 times the PAT of Rs 35.28 crore recorded in Q1 FY26. Total income for the period under added up to Rs 770.22 crore, up 27.6% YoY.
Cyient reported 89.96% jump in consolidated net profit to Rs 104.1 crore in Q1 FY27 compared with Rs 54.8 crore posted in Q4 FY26. Revenue from operations increased 7.72% QoQ to Rs 2075.7 crore in Q1 FY27.
Spandana Sphoorty Financial has reported a consolidated net profit of Rs 12 crore in Q1 FY27 as against a net loss of Rs 360 crore in Q1 FY26. Total income for the period under review rose by 0.3% year-on-year (YoY) to Rs 303 crore.
Excluding the impact of foreign exchange, the company has registered a net loss of Rs 5.6 crore during the period under review.
Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026.
EBITDAR fell by 33.2% to Rs 3,832.5 crore in Q1 FY27 from Rs 5,738.6 crore in Q1 FY26. EBITDAR margin in Q1 FY27 was 15.6% as against 28% in Q1 FY26.
For Q1 FY27, IndiGo reported a 2.9% increase in capacity to 43.5 billion ASKs. Passenger numbers rose marginally by 0.7% to 31.3 million during the quarter. Yield imporved by 21.3% to Rs 6.04 while load factor decreased by 1.3% points to 83.3% in Q1 FY27 as compared to the same period last year.
As on 30 June 2026, IndiGo had a total cash balance of Rs 52,884.6 crore comprising of Rs 39,038.7 crore of free cash and Rs 13,845.9 crore of restricted cash.
For the June 2026 quarter, IndiGo has recorded a net decrease of 9 passenger aircrafts, which takes the total fleet count to 432 aircrafts.
With respect to future capacity growth, IndiGo stated that in line with lower demand during a traditionally weaker quarter, coupled with the operational uncertainty affecting travel between India and West Asia, capacity in the second quarter of fiscal year 2027, measured in terms of ASKs, is expected to remain broadly flat compared to the second quarter of fiscal year 2026, reflecting lower aircraft utilization.
As the company moves beyond this seasonally weaker quarter, it expects aircraft utilization to progressively increase.
Rahul Bhatia, MD, said, “The first quarter was shaped by a volatile operating environment, with elevated fuel costs and network related constraints in the middle east impacting profitability.
At the same time, demand remained healthy and our revenue performance improved year-on-year, supported by improved yields and continued customer preference for IndiGo as we proudly served more than 31 million passengers.
We remain focused on managing capacity prudently, maintaining cost discipline, and responding to market conditions with agility. However, the pressure of fuel costs and rupee depreciation resulted in a loss of around 2 billion rupees for the quarter.”
InterGlobe Aviation (IndiGo) is among the fastest-growing low-cost carriers in the world. It had a fleet of 432 aircraft and provided scheduled services to 97 domestic and 46 international destinations as of 30th June 2026.
Shares of InterGlobe Aviation fell 1.89% to close at Rs 5023.90 on the NSE.