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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.
Buzzing Index:
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.
Auto shares witnessed buying demand for third for consecutive trading session.
At 14:25 IST, the S&P BSE Sensex advanced 696.40 points or 0.96% to 72,609.27. The Nifty 50 index jumped 225.65 points or 1.01% to 22,589.
In the broader market, the BSE 150 MidCap Index added 0.38% and the BSE 250 SmallCap Index shed 0.14%.
The market breadth was positive. On the BSE, 2,038 shares rose and 2,194 shares fell. A total of 264 shares were unchanged.
The Nifty Auto Index advanced 0.46% to 25,200.95. The index rallied 2.81% in the three consecutive trading sessions.
Bajaj Auto (up 2.73%), TVS Motor Company (up 0.85%), Hyundai Motor India (up 0.85%), Samvardhana Motherson International (up 0.8%), Mahindra & Mahindra (up 0.72%), Bharat Forge (up 0.55%), Ashok Leyland (up 0.4%), Sona BLW Precision Forgings (up 0.19%), Bosch (up 0.15%) advanced.
The yield on India's 10-year benchmark federal paper declined 0.42% to 7.351 compared with the previous session close of 7.382.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2875 compared with its close of 96.7850 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement fell 0.08% to Rs 1,49,425.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.31% to 102.28.
The United States 10-year bond yield fell 1.01% to 5.557.
In the commodities market, Brent crude for December 2026 settlement tumbled $1.57 or 1.47% to $105.08 a barrel.
TVS Motor Company has launched the TVS NTORQ 150, Nepal's 1st Hyper Sport Scooter. Powered by a 149.7cc race-tuned engine and inspired by stealth aircraft design, the TVS scooter brings together high performance, sporty aesthetics and cutting-edge technology to cater to a new generation of riders.
The TVS NTORQ 150 is now available across Jagdamba Motors dealerships in Nepal in three colour options - Stealth Silver, Racing Red, and Turbo Blue, at an introductory price of Rupees 3,69,900.
TVS Motor Company recorded monthly sales growth of 21% with sales of 616,540 units in August 2026 as against 509,536 units in August 2025.
Total two-wheelers registered a growth of 21% with sales of 591,437 units in August 2026 as against 490,788 units in August 2025. Domestic two-wheelers registered a growth of 18% with sales of 433,796 units in August 2026 as against 368,862 units in August 2025.
Two-wheeler EVs registered an exponential growth of 137% with sales of 59,453 units in August 2026 as against 25,138 units in August 2025.
Total International Business sales registered a growth of 29% with sales of 174,452 units in August 2026 as against 135,367 units in August 2025. Two-wheelers sales registered a growth of 29% with sales of 157,641 units in August 2026 as against 121,926 units in August 2025.
Three-wheelers registered a growth of 34% with sales of 25,103 units in August 2026 as against 18,748 units in August 2025.
Peyman will succeed K. N. Radhakrishnan, who will continue in his role until then to ensure a seamless transition. Following the transition, Radhakrishnan will serve as Non-Executive Director up to the date of the ensuing AGM scheduled in July 2027. He has been a tremendous leader and played a pivotal role in the growth of TVS Motor Company.
TVS Motor Company launched the TVS Jupiter dual tone spectral range, the latest addition to India's most progressive family scooter. The new range brings two new dual-tone spectral colours – Spectral Blue and Spectral Copper to the 110cc scooter segment, making TVS Jupiter the first scooter in the segment to offer these distinctive colours, alongside thoughtful enhancements across styling, comfort and technology.
The distinctive colour treatment is complemented by colour-coordinated inner panels, a new seat colour, and partial chrome mirrors, creating a refined and contemporary road presence.
The new variant further enhances everyday comfort and convenience with a premium long seat featuring an integrated backrest for the rider and pillion. It also introduces segment-first Sequential Turn Signal Lamps (TSL), offering a distinctive lighting signature while enhancing visibility, and a USB Type-C charging port for convenient charging on the move. The scooter continues to offer its best-in-class 33-litre under-seat storage, capable of accommodating two helmets, alongside SmartXonnect™ connected technology.
TVS Motor Company (TVSM) launched its connected passenger electric three wheeler, TVS King EV MAX in Sri Lanka.
Speaking about the launch, Peyman Kargar, President, International Business, TVS Motor Company, said, “Guided by TVS Motor Company's vision of transforming lives through mobility solutions that are exciting, responsible, sustainable, and safe, we are proud to introduce the TVS King EV MAX in Sri Lanka. This launch underscores our commitment to delivering innovative mobility solutions across international markets and marks the expansion of our electric three-wheeler portfolio into a new geography. We are confident that customers in Sri Lanka will find the TVS King EV MAX to be a compelling offering, combining performance, connectivity, comfort, and superior operating economics for everyday mobility needs.”
TVS Motor Company part of TVS VENU, recorded monthly sales growth of 38% with sales of 629,675 units in July 2026 as against 456,350 units in July 2025.
Total two-wheelers registered a growth of 38% with sales of 603,138 units in July 2026 as against 438,790 units in July 2025. Domestic two-wheelers registered a growth of 42% with sales of 437,394 units in July 2026 as against 308,720 units in July 2025.
Two-wheeler EVs registered an exponential growth of 158% with sales of 60,934 units in July 2026 as against 23,605 units in July 2025.
Total International Business sales registered a growth of 29% with sales of 184,264 units in July 2026 as against 142,629 units in July 2025. Two-wheelers sales registered a growth of 27% with sales of 165,744 units in July 2026 as against 130,070 units in July 2025.
Three-wheelers registered a growth of 51% with sales of 26,537 units in July 2026 as against 17,560 units in July 2025.
The company's electric two-wheeler segment continued to witness robust momentum, with sales soaring 158% to 60,934 units in July 2026 from 23,605 units recorded in July 2025.
TVS Motor's international business also posted healthy growth, with total overseas sales increasing 29% to 184,264 units compared with 142,629 units a year earlier. International two-wheeler sales climbed 27% to 165,744 units from 130,070 units in July 2025.
Three-wheeler sales registered a strong 51% growth, rising to 26,537 units in July 2026 from 17,560 units in the corresponding month last year.
TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia.
TVS Motor Company reported a 51.35% increase in standalone net profit to Rs 1,173.97 crore in Q1 FY27, compared with Rs 775.65 crore in Q1 FY26. Revenue from operations rose 38% to Rs 13,896 crore in Q1 FY27 from Rs 10,081 crore in Q1 FY26.
The counter shed 0.18% to Rs 4,302.45 on the BSE.