The Indian market is muted in midday trade today. The Nifty 50 and the Sensex are in the red. Most sectoral indices also see some selling pressure. However, there is selective buying in metals, PSU banks. Midcaps too see relative outperformance.
Here are the top movers and shakers at this hour:
Tata Steel
Tata Steel share price has seen a sharp 3% jump intra-day. Motilal Oswal has upgraded the stock to Buy with a target of Rs 210 a share. This implies an upside of 19% from current levels. While near-term challenges persist due to global uncertainty around tariff escalations, Motilal Oswal believes that “the long-term outlook remains strong. The Indian business is expected to continue its strong performance, and an improvement in the European business performance is likely to support overall earnings.”
Supreme Industries
A key loser in trade today- Supreme Industries has plunged over 4% after a disappointing Q2. The company reported muted operating performance (EBITDA down 7% YoY), led by volatile PVC prices, a lower VAP mix, and weak demand (due to extended monsoon)..
Bata India
Bata India share price fell sharply by 6.81% to Rs 1,090 after the footwear maker reported a steep 73% year-on-year drop in net profit to Rs 13 crore for the September quarter (Q2 FY26). Revenue from operations slipped 4.2% to Rs 801 crore from Rs 831 crore a year ago, and sequentially, the decline was even steeper, nearly 15% from Rs 941 crore in the June quarter.
The company attributed the weak performance to the deferment of purchases by distributors amid GST rationalisation and temporary disruption at one of its key warehouses in July 2025. Both factors weighed on quarterly sales. The Street reacted immediately, with investors selling the stock on concerns of margin compression and delayed recovery in demand.
Kirloskar Oil Engines
The share price of Kirloskar Oil Engines jumped over 7% to Rs 1,003 amid unusually heavy trading activity. Volumes soared over 15 times above average, nearly 25 lakh shares changed hands compared to the usual 1.64 lakh. On the BSE, about 1.46 lakh shares were traded versus a two-week daily average of just 11,000.
Vodafone Idea
Vodafone Idea share price has seen profit booking after the sharp 10% surge on October 27. The stock is down nearly 4% intra-day despite an upgrade by Motilal Oswal to Neutral from Sell. The Supreme Court decision asking for a rethink on the AGR dues is seen as a positive for the stock. The Apex Court’s decision is aimed at minimising disruption for the Vodafone customers.
Suzlon
The Suzlon share price gained 3.6% intra-day. It hit an intra-day high of Rs 56.08 per share. The shares have been in focus on the back of localisation of wind energy components and data centres. These steps are expected to give a level playing field to Indian manufacturers. The large and continued ordering of wind turbine generators by experienced energy majors like JSW Energy, NTPC, Tata Power, and Torrent Power strengthens the prospects, as per a report by JM Financial on October 13. They have a 12-month price target of Rs 66 per share.
Ola
The share price of Ola Electric has seen almost 2% jump intra-day after the company announced that it has secured ARAI certification for its 4680 Bharat Cell–powered vehicles and 5.2 kWh battery pack.
MCX
MCX share price declined 2.22% to Rs 9,101.30 after the commodity exchange faced a severe technical disruption. Trading, which was supposed to start at 9:00 AM, was delayed multiple times first to 9:30, then 10:00, then 10:30 before the exchange confirmed that operations would begin from its disaster recovery (DR) site.
The repeated postponements caused frustration among traders and hit commodity volumes for the session. For an exchange that prides itself on reliability, the glitch served as a reminder of how quickly confidence can waver when systems fail to perform.