The Indian stock market is showing signs of strength in Thursday’s session with the Nifty surging past the 25,500 mark, gaining more than 190 points, while the Sensex climbed nearly 600 points to touch 83,234. Sentiment is firm, and the market seems like it had shaken off the nervousness seen earlier in the week.
The broader participation was visible across financials, industrials, and midcap counters. Select earnings also gave traders reason to cheer, even as a few underperforming names faced sharp corrections.
Here are the top movers and shakers at this hour:
HDFC Life
HDFC Life share price declined sharply, falling as much as 4.6% to Rs 726 apiece on the NSE in early trade. The drop came a day after the insurer posted its Q2 FY26 results, which failed to meet market expectations. Motilal Oswal, however, reiterated ‘Buy’ with a target of Rs 910, implying 20% upside. The brokerage pointed out that around 80% of September’s new business was issued post-GST changes, showing early signs of stronger growth post-GST changes.
KEI Industries
KEI Industries’ share price tumbled nearly 9% to Rs 4,031.90 on Thursday after its September-quarter earnings, though positive on paper, failed to excite the market.
The company’s consolidated net profit rose 31.2% year-on-year to Rs 204 crore in Q2 FY26, compared with Rs 155 crore in the year-ago period. Revenue from operations grew 22% to Rs 2,726 crore, while EBITDA jumped 50.4% to Rs 269 crore.
Axis Bank
Axis Bank share price advanced more than 4% in intraday trade after the lender announced its Q2 FY26 results. The stock opened at Rs 1,211 against the previous close of Rs 1,169 and touched an intraday high of Rs 1,217.65 before trimming gains to trade around Rs 1,192.95 by 11:25 am. The street is betting big on the strong operational performance, though the margins have slipped sequentially.
Canara Robeco
The new listing today, Canara Robeco shares surged 10% after listing at a 5% premium to the issue price. The Rs 1,326.13 crore issue was an affer for sale and was subscribed 9.74 times.
Tips Industries
Tips Industries share price rallied 9.2% to Rs 546.60 after the company reported a solid set of numbers for Q2 FY26. Standalone net profit rose 10.44% year-on-year to Rs 53.19 crore, compared with Rs 48.16 crore in Q2 FY25.
Revenue from operations climbed 10.68% YoY to Rs 89.22 crore, supported by steady music licensing income. Profit before tax stood at Rs 71.67 crore, up 11.23% versus Rs 64.43 crore a year ago.
Nestle India
Shares of Nestle India surged as much as 4.74%, reaching a new 52-week high of ₹1,279.50 on Thursday, driven by strong quarterly results and an optimistic business outlook.
The rally followed the company’s announcement of its September quarter (Q2 FY26) results, where solid domestic sales growth helped counterbalance a dip in overall profit, boosting investor confidence in its long-term prospects.