Indian benchmark indices witnessed a volatile session amid the monthly expiry of Nifty and Bank Nifty, with gains remaining capped as Brent crude oil prices continued to trade above $110 per barrel. The Nifty 50 settled at 22,749.75, down 3.45 points, or 0.02%.
Going ahead, a follow-through above Tuesday’s high of 22,830 will open the door for a further pullback towards 23,000 and 23,175 levels, which coincide with last week’s high and the 50-day EMA, according to Pabitro Mukherjee, Deputy Vice President–Research at Bajaj Broking.
Against this backdrop, several stocks, including Jio Platforms, Reliance Industries (RIL), Infosys, Larsen & Toubro (L&T), Tata Capital, Waaree Energies and Vedanta Iron and Steel, are likely to remain in focus on Wednesday, October 28, as investors track September-quarter earnings, fundraising plans, credit rating updates, regulatory developments and new business wins.
Jio Platforms shares are set to make their much-awaited Dalal Street debut on Wednesday after the telecom giant raised nearly Rs 30,200 crore through its initial public offering (IPO), the biggest ever in the Indian market.
Reliance Industries shares are likely to remain in focus as Jio Platforms shares are set to list on the BSE and NSE.
RIL also announced that its board of directors will meet on October 30 to consider and approve its financial results for the September quarter and a proposal to raise funds through non-convertible debentures (NCDs).
Infosys announced the successful implementation and go-live of Crop Protection Core (CP Core), Syngenta’s global SAP S/4HANA transformation for its Crop Protection business.
Delivered jointly by Infosys and Syngenta, the programme establishes a unified digital core supporting more than 10,000 employees across 80 countries. It is intended to simplify business operations, strengthen governance and create a scalable foundation for future innovation, enabling Syngenta to better serve farmers worldwide.
Read more: Jio IPO: Can India’s biggest-ever issue buck the trend of muted listing gains among mega IPOs?
Larsen & Toubro (L&T) on Tuesday reported a 33% year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 5,202 crore for the quarter ended September 30, 2026, compared with Rs 3,926 crore in the corresponding quarter of the previous fiscal year (Q2FY26).
The engineering and construction major reported consolidated revenue of Rs 78,750 crore for the second quarter of FY27 (Q2FY27), registering 16% YoY growth from Rs 67,984 crore in the year-ago period.
Tata Capital on Tuesday reported a 51% YoY rise in consolidated net profit to Rs 1,660 crore for the September quarter, compared with Rs 1,097 crore in the corresponding period last year. The increase was supported by loan growth, higher interest income and lower credit costs.
The Tata Group’s financial services arm reported a 24% increase in net total income to Rs 4,676 crore from Rs 3,774 crore a year earlier. Net interest income (NII) rose 23% to Rs 3,696 crore from Rs 3,006 crore.
Maruti Suzuki India on Tuesday reported consolidated net profit of Rs 2,466 crore for the July–September quarter of FY27, marking a 26% YoY decline from Rs 3,349 crore in the year-ago period, even as revenue increased.
The automaker’s revenue from operations grew around 26% YoY to Rs 53,356 crore during the quarter, compared with Rs 42,344 crore in the corresponding quarter of the previous financial year.
Read more: Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
Bajaj Auto on Tuesday reported a 35% YoY rise in profit after tax to Rs 3,354 crore for the September quarter. Strong demand across its domestic and export businesses helped the two-wheeler maker post its highest-ever quarterly revenue.
Revenue grew 34% YoY to Rs 20,003 crore, crossing the Rs 20,000-crore mark for the first time and doubling over the past three years. The company also reported EBITDA of more than Rs 4,000 crore, up over 37% from the year-ago period.
Waaree Energies on Tuesday reported a 14.7% YoY decline in net profit to Rs 718.68 crore for the September quarter (Q2FY27), compared with Rs 842.5 crore in the year-ago period (Q2FY26).
The solar photovoltaic (PV) module manufacturer’s revenue from operations rose 23.9% YoY to Rs 7,518 crore from Rs 6,066 crore in the corresponding quarter last year.
Tata Motors referred to the voluntary takeover offer promoted by TML CV Holdings Pte. Ltd. through its wholly owned subsidiary, TML CV Holdings B.V., for all common shares of Iveco Group N.V.
The offer was made pursuant to Articles 102 et seq. of Italian Legislative Decree No. 58 of February 24, 1998, as amended and supplemented. The acceptance period, which began on September 7, 2026, closed on October 26, 2026.
The offeror announced the final results of the offer pursuant to Article 41, paragraph 6, of the Issuers’ Regulation.
Vedanta Iron and Steel Limited (VISL) on Tuesday reported a narrowing of its loss after exceptional items to Rs 324 crore in Q2FY27, compared with Rs 477 crore in the corresponding quarter of the previous fiscal year.
Revenue from operations declined 1.7% YoY to Rs 2,742 crore in Q2FY27 from Rs 2,790 crore in the year-ago period.
Read more: Ahead of Market: 10 things that will decide stock market action on Wednesday
Raymond on Tuesday reported a sharp rise in consolidated net profit for the September quarter (Q2FY27), with profit increasing to Rs 32 crore from Rs 13.9 crore in the year-ago period, marking growth of around 130% YoY.
Revenue from operations rose 24.1% YoY to Rs 655 crore in Q2FY27, compared with Rs 527.7 crore in the corresponding quarter last year.
Gulf Oil Lubricants India informed the exchanges that a fire broke out at its warehouse in Nagvas village, Umbergaon taluka, Valsad district, Gujarat, at around 3:00 PM IST on Tuesday, October 27, 2026.
The company said the cause of the fire was uncertain, although preliminary indications suggested that it may have originated in an adjacent unit.
No injuries or casualties had been reported, and the company was assessing the full extent of the damage. It also stated that the stock at the affected warehouse was insured and that the necessary claims would be filed in due course.
Read more: D-Street in gloomy mood, but Kotak sees 3 triggers for rebounds and adds 5 midcap stocks to portfolio
Vertoz announced the launch of Model Context Protocol (MCP) Connectors, enabling advertisers and publishers to securely access information from its advertising technology platforms through compatible AI assistants.
Hindustan Unilever, Adani Ports and Special Economic Zone, Adani Enterprises, TVS Motor Company, Hyundai Motor India, Pidilite Industries, Vedanta Aluminium Metal, Cholamandalam Investment and Finance Company, Hero MotoCorp, Meesho, United Spirits, Vedanta, JSW Energy, Info Edge India, KPR Mill, Hexaware Technologies, ACME Solar Holdings, Craftsman Automation, PNB Housing Finance, R R Kabel, Bandhan Bank, TVS Holdings, Force Motors, Sundram Fasteners, City Union Bank, eClerx Services, Anant Raj, KPIT Technologies, PVR INOX, CarTrade Tech, Arvind, Prudent Corporate Advisory Services, Zensar Technologies, Sudeep Pharma, Karnataka Bank, IIFL Capital Services, Elantas Beck India, Birlasoft, Aarti Pharmalabs, Sanofi Consumer Healthcare India, Aeroflex Industries and Gokul Agro Resources.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
