Piramal Pharma shares surged as much as 17.9% to a 52‑week high of ₹234.30 on the NSE on Wednesday, October 28, after the company swung to profit following broad‑based growth across India and overseas sites. The pharma company posted a net profit of ₹6 crore for the July‑September quarter, compared to a net loss of ₹99 crore logged in the same period last year. Revenue from operations jumped 28% in Q2 FY27 to ₹2,617 crore, up from ₹2,044 crore YoY, driven by strong performance across all three businesses.

The Indian benchmark indices, SENSEX and NIFTY50, were trading in negative territory during the afternoon session on Wednesday, October 28, despite paring back their early losses, as crude oil prices surged 2% over $116 per barrel after Houthis attacked Saudi Arabia’s largest refinery. The SENSEX dropped as much as 1.35% to touch an intraday low of 72,603.57, while the NIFTY50 tumbled as much as 1.11% to reach the session’s low of 22,497.70.

At 1:33 PM, while both the indices were off their day’s low, they continued trading in negative territory. The S&P BSE SENSEX slumped by 262.77 points, or 0.36%, to trade at 73,335.90, while NSE’s NIFTY50 stood at 22,718.15, reflecting a 31.60‑point, or 0.14%, fall. The top losers in the NIFTY50 index included Infosys, Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC), Bajaj Finserv, and Tata Consultancy Services (TCS).

On the contrary, Larsen & Toubro, Apollo Hospitals Enterprise, SBI Life Insurance Company, BSE, and Trent were among the top gainers. Shares of Larsen & Toubro (L&T) jumped as much as 6.24% to hit an intraday high of ₹3,894 per unit on the NSE on Wednesday, October 28, following a strong set of earnings for the September quarter (Q2 FY27). The company on Tuesday reported a 32.5% rise in consolidated net profit to ₹5,202.10 crore for the quarter ended September 2026, driven by higher revenue.

Jio Platforms, the telecommunications and digital services arm of Reliance Industries, made a robust debut on the stock exchanges on Wednesday, October 28. The stock is listed at ₹1,358 per equity share on the NSE and the BSE, reflecting a premium of 21.36% over the IPO issue price of ₹1,119 apiece. Following its stellar debut, the company became the second most valuable Indian company by market valuation. Paras Healthcare also debuted at ₹720 apiece on the NSE and the BSE, reflecting a premium of 3.90% over the IPO issue price of ₹693 per share.

Other notable movements included PG Electroplast gaining as much as 8.5% to reach a session peak of ₹543 per equity share after posting a 42.5% YoY surge in consolidated revenue from operations to ₹933.88 crore in Q2 FY27. AWL Agri Business shares dropped as much as 9.5% to a fresh 52‑week low of ₹159.65 after reporting a net profit of ₹239 crore in the July‑September period, a decline of 2.3% from ₹245 crore last year. United Breweries stock climbed as much as 15% to hit an intraday high of ₹1,317 after reporting a standalone net profit of ₹136 crore in the second quarter, up 190% from ₹47 crore last year.