HBL Engineering shares rose as much as 15% to an intraday high of ₹814, drawing buying interest after Tonbo Imaging, in which the company holds a significant stake, experienced strong demand during its ongoing share sale via IPO. Tonbo Imaging was subscribed 5.45 times by 12:00 pm on the second day of subscription. The Indian equity benchmarks recovered from lower levels in late morning deals on Friday, October 16. The SENSEX rose as much as 765 points from the day's lowest level and the NIFTY50 index touched an intraday high of 23,150, led by gains in heavyweights such as Bharti Airtel, Infosys, Tata Consultancy Services, Tech Mahindra, Mahindra & Mahindra, Bajaj Finance and HDFC Bank. As of 12:40 pm, the SENSEX was up 410 points at 74,725 and the NIFTY50 index advanced 140 points to 23,137.

HBL Engineering shares witnessed a spike in trading activity as volumes jumped 14.9 times to 1.29 crore shares compared with an average volume of 8.65 lakh shares. CCL Products, the country's leading tea and coffee producer, saw its shares decline as much as 2.15% to an intraday low of ₹988 after reporting an 85% drop in net profit to ₹43 crore for the second quarter of the current financial year, compared with ₹112 crore in the same period last year. Trading volume in the stock jumped 6.5 times to 6.52 lakh shares, against an average volume of 99,880 shares on the NSE.

Thangamayil Jewellery, a Tamil Nadu-based jewellery retailer, advanced as much as 8.9% to an intraday high of ₹5,220 amid a spike in trading activity. Trading volume jumped four times to 1.23 lakh shares, compared with an average of 31,182 shares on the NSE. On the BSE, as many as 15,000 shares changed hands, versus an average of 4,121 shares traded daily in the past two weeks. The heightened volume underscores increased investor interest in the company’s shares during the session.

L&T Finance, a non-banking finance company, saw its shares fall as much as 6% to an intraday low of ₹246 after reporting profit after tax of ₹975 crore for the second quarter of the current financial year, up 33% year-on-year from ₹735 crore. Trading volume spiked 3.8 times to 1.66 crore shares, compared with an average of 43.54 lakh shares on the NSE. On the BSE, 8.09 lakh shares changed hands, versus an average of 5.97 lakh shares traded daily in the past two weeks.

Wipro, the country's leading information technology company, advanced as much as 6.67% to an intraday high of ₹185.30 after a 1.92% year-on-year decline in its PAT to ₹3,200 crore for the second quarter of the financial year 2026-27, as disclosed in a regulatory filing on Thursday, October 15. The company had posted a post-tax profit of ₹3,262.40 crore a year ago, with a sequential decline of 4.67%. Revenue from operations rose 9.06% year-on-year to ₹24,753 crore, up 1.12% sequentially. Trading volume jumped 3.3 times to 4.95 crore shares, compared with an average of 1.49 crore shares.