In a day marked by ups and downs, the market managed to recover from its initial lows and continued to build on the gains witnessed on Friday. Reliance Industries played a pivotal role in bolstering the Nifty, as it closed 2% higher following the release of its Q2 results.

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The banking sector also outperformed, with ICICI Bank, Kotak Mahindra Bank, and IndusInd Bank all ending more than 1% higher, contributing to Nifty Bank's 257-point gain, which closed at 43,039. The midcap index recorded a 33-point increase, concluding at 38,735.

The BSE Sensex exhibited a substantial rise of 330 points, reaching 64,113, while the Nifty 50 gained 94 points, closing at 19,141.

BPCL, UltraTech Cement, ONGC, Reliance Industries and SBI Life Insurance were among the major gainers on the Nifty, while losers were UPL, Tata Motors, Maruti Suzuki, Bajaj Auto and Axis Bank.

On the sectoral front, except auto and FMCG, all other sectoral indices ended in the green.

BPCL emerged as the top Nifty gainer following its Q2 results, securing a more than 3% increase. In contrast, UPL faced a significant setback, falling by over 4% after revising its FY24 revenue and EBITDA guidance.

Petronet LNG witnessed a sharp decline, down over 8%, following the announcement of ₹20,685 crore investment proposals. On a more positive note, UltraTech marked a gain of over 2% as it unveiled its Phase 3 Capex plans.

The auto sector experienced a downturn, with both Maruti and Tata Motors falling by nearly 2%. In contrast, Adani Green concluded with a more than 4% increase, supported by strong Q2 results.

Zee Entertainment, after experiencing some fluctuations, managed to end the day in the green after the Securities Appellate Tribunal (SAT) set aside the SEBI order against the company.

First Published:Oct 30, 2023 3:43 PM IST