The pre-Diwali cheer continued on Dalal Street with the markets showcasing significant confidence. The Nifty surged over 160 points and is trading comfortably above the 25,700 mark, its highest level in 52 weeks. However, the market has come down from these levels. The Bank Nifty, the pulse of the financial sector, broke into fresh all-time highs, extending the momentum that’s been building all week.
The Sensex, too, joined the rally, up more than 600 points and sailing past the 84,000 mark, a level it hadn’t seen in nearly four months.
Here are top movers and shakers at this hour:
Wipro
Wipro share price fell sharply, dropping as much as 4.6% to Rs 242 on Friday morning, making it the biggest loser on the Nifty 50. The fall came right after the company announced its Q2 FY26 results, which offered little to cheer about. Key brokerages raised concerns about the stock. Motilal Oswal recommended Sell and expects another 21% fall in the share price. Jefferies too expects 13% downside going forward.
Asian Paints
The share price of Asian Paints jumped as much as 4.81%. The surge came amid a mix of global cues and domestic sentiment. A major tailwind was the over 1% fall in crude oil prices on Thursday, following news that US President Donald Trump and Russian President Vladimir Putin are expected to meet in Hungary soon to discuss possible steps toward ending the Ukraine war.
While the meeting date remains undisclosed, the development, ahead of Trump’s planned conversation with Ukrainian President Volodymyr Zelenskiy, sparked optimism of easing geopolitical tensions and lower energy market risks, providing a boost to paint and chemical stocks sensitive to oil price movements.
Whirlpool of India
Whirlpool of India share price rose 9.8% to trade at Rs 1,359.80, lifting sentiment across the consumer durables space. The BSE Consumer Durables index climbed 0.95% to 60,704.9, even as it remains down about 1.25% for the month.
Other index components such as Asian Paints and Berger Paints also moved higher up 3.46% and 0.73%, respectively, showing that the recovery wasn’t confined to a single stock. Over the last year, the Consumer Durables index has declined 6.15%, while the Sensex has gained 2.89%. Whirlpool’s sudden spike, therefore, looked less like random volatility and more like the market rediscovering an undervalued opportunity in a sector that’s lagged behind.
Natco Pharma
Natco Pharma share price gained traction after a Supreme Court ruling cleared a key legal hurdle in the company’s long-running dispute with Roche. The court refused to interfere with the Delhi High Court’s interim order and allowed Natco to continue selling and exporting the generic version of Risdipalm the drug used to treat spinal muscular atrophy.
The Apex Court further directed the Delhi High Court to expedite the case hearing, but for now, the verdict stands as a crucial relief for Natco. With this, the company can sell its locally manufactured version of the drug at Rs 15,900, compared to Roche’s imported price tag of nearly Rs 6 lakh.
Subros
Subros share price slipped 4.7% to Rs 1,012.60 even after the company announced a new order win worth Rs 27 crore from Indian Railways for the supply of cabin air-conditioning equipment in diesel-electric locomotives.
The company is already an established supplier of driver cabin and coach air-conditioning systems, and this latest order is part of its ongoing effort to strengthen its position in the railway electric mobility segment.
Zee Entertainment Enterprises (ZEEL)
Zee Entertainment Enterprises share price fell nearly 4%, hitting a day’s low of Rs 105.10 after the company’s Q2 FY26 results disappointed on profitability.
Brokerage JM Financial maintained a ‘Buy’ rating on the stock and set a 12-month target price of Rs 170 implying a potential upside of around 62% from current levels. The stock has tested investor patience for months now, and this quarter’s numbers didn’t help. But with merger overhangs fading and restructuring on track, some analysts continue to see value beneath the noise.
