In a turnaround from six consecutive sessions of losses, the Sensex and Nifty, India's benchmark equity indices, surged by over 1% on October 27, thanks to increased interest in auto, IT, financial, and energy stocks. The positive sentiment was further buoyed by the release of better-than-expected quarterly financial results from corporations. However, concerns regarding escalating tensions in the Middle East remained, as reported by market analysts.

Sensex, the 30-share BSE index, showed resilience during the day, climbing 634.65 points or 1.01% to reach 63,782.80 points. The index exhibited some volatility, ranging from a high of 63,913.13 points to a low of 63,393.37 points.

Simultaneously, the broader Nifty index also experienced an uptick, advancing by 202.45 points or 1.07% to attain a level of 19,059.70 points.
Among the top gainers in the Sensex pack, Axis Bank took the lead with a 3.07% increase, followed by HCL Tech, SBI, NTPC, Tata Motors, Nestle India, and Infosys.

Reliance Industries, a heavyweight in the index, witnessed strong buying interest, surging by 1.75% to close at Rs. 2,265.25 per share. The company was poised to reveal its quarterly financial results after market hours.

Maruti Suzuki India announced a remarkable 80.3% growth in net profit, reaching Rs. 3,716.5 crore in the July-September quarter. This substantial increase was driven by improved sales, decreasing commodity prices, cost-cutting measures, and higher non-operating income.

On the flip side, Asian Paints, Ultratech Cement, and ITC were among the laggards on this trading day.

In the wider market, the BSE midcap index experienced a 1.70% gain, while the smallcap index rose by 1.89%.

All sectoral indices ended the day in the green, with utilities rising by 2.22%, power by 2.04%, services by 1.79%, industrial by 1.63%, realty by 1.63%, and IT by 1.36%.

The Sensex had previously suffered a decline of 3,279.94 points over six trading sessions leading up to October 26.

In global markets, Seoul, Shanghai, Tokyo, and Hong Kong closed with significant gains on the same day. European markets displayed mixed trading, while U.S. equity indices ended in negative territory on Thursday.

The global oil benchmark, Brent crude, saw an increase of 2.50% to reach $90.13 per barrel.

Foreign Institutional Investors (FIIs) sold off equities worth Rs. 7,702.53 crore on Thursday, according to exchange data.

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