On Friday, October 30, Deepak Nitrite’s shares surged as much as 9.4%, reaching a session peak of ₹1,616 per equity share on the NSE. The rise followed the company’s announcement of its September quarter earnings, where it reported a consolidated net profit of ₹398 crore, up 234% from ₹119 crore a year earlier. Revenue from operations jumped 62% to ₹3,076 crore, compared with ₹1,902 crore in the same period last year. EBITDA rose 207% to ₹627 crore, and the EBITDA margin improved by 9.6 percentage points to 20.4%.

The benchmark indices continued to trade in the green during the afternoon session. The SENSEX climbed as much as 0.8% to an intraday high of 74,742.59, while the NIFTY50 surged as much as 0.8% to touch a session peak of 23,118.10. At 1:17 PM, the S&P BSE SENSEX gained 522.12 points, or 0.70%, to trade at 74,673.16, and NSE’s NIFTY50 stood at 23,091, reflecting a 154.25‑point, or 0.67%, jump.

The NIFTY50 index was buoyed by gains in Trent, InterGlobe Aviation (IndiGo), HCL Technologies, Infosys, and Sun Pharmaceutical Industries, which were among the top winners. Conversely, its top losers included Coal India, Shriram Finance, Adani Ports, Nestle India, and Adani Enterprises. The rally in IT and pharma stocks helped sustain the positive momentum across the market, supporting the overall gains in the major indices.

Vedanta Power also saw a sharp rally, with shares surging as much as 17.35% to an intraday high of ₹33.89 per unit on the NSE. The company reported a profit before exceptional items of ₹101 crore for the September quarter of FY27, compared with a loss of ₹142 crore a year earlier. Revenue rose 38% YoY to ₹2,908 crore, while EBITDA more than doubled to ₹421 crore from ₹190 crore a year earlier.

InterGlobe Aviation, the parent of IndiGo, saw its shares rise as much as 4.15% to an intraday high of ₹4,869. The company reported a consolidated net loss of ₹1,878.6 crore in Q2 FY27, compared with a loss of ₹2,581.7 crore in the same period last year, while revenue surged. IndiGo guided its PRASK to grow over 25% in Q3 and FY27, reflecting a focus on pricing over capacity amid rising jet fuel prices.

Trent’s stock jumped as much as 6.92% to ₹3,060 per equity share after announcing its Q2 FY27 results. The retail major reported a 25% YoY increase in consolidated net profit to ₹468 crore for the September quarter, with revenue growth and operating leverage supporting earnings. Consolidated revenue from operations rose 22% to ₹5,873 crore, while operating EBITDA increased 37% to ₹785 crore, underscoring the company’s strong performance in an inflationary environment.