🚀 Nifty’s Breakout! Birlasoft Surges 12%, Asian Paints Profit Rises 7.6%, Key Levels & Stocks to Watch!

Nifty 22,936.75 ▲ +1.05%
Sensex 74,151.04 ▲ +1.24%
Bank Nifty 54,909.65 ▲ +1.18%

Market Today: Nifty, Sensex Break Out; Bank Nifty Forms Double Bottom

Markets ended in the green as strong buying emerged across the board, with FMCG, PSU banks and realty stocks leading gains among sectoral indices. Nifty and Sensex broke above their hourly IH&S patterns, while Bank Nifty registered a double bottom breakout, signalling strengthening bullish momentum.

Key resistance levels have now shifted to 23,200 for Nifty, 55,550 for Bank Nifty, and 74,700 for Sensex, which will be crucial levels to watch in the upcoming sessions.

Here are the key levels to watch for October 30, 2026

Sector & Stock Moves: Where the Action Was?

Birlasoft surged 11.89% after its Q2, marking its biggest single-day gain in over 5 years. Laurus Labs gained 2.85% on strong earnings. DLF rose 4.21% as Realty stocks recovered, while Ambuja Cements and Asian Paints ended higher.

On the downside, Equitas Small Finance Bank plunged 12.22% following its CEO’s resignation, while Hero MotoCorp fell 4.09% and Hexaware Technologies dropped 5.91% after narrowing its EBITDA margin guidance.

NIFTY50: Top Gainers

• ADANIPORTS ▲ +6.29%
• ADANIENT ▲ +5.17%
• KOTAKBANK ▲ +4.32%

NIFTY50: Top Losers

• TRENT ▼ -1.79%
• MARUTI ▼ -1.32%
• BAJAJ-AUTO ▼ -0.97%

Let’s also look at the Open Interest insights

Strong put writing at 22,700 (92.8L) and 22,800 (85.64L) indicates key support zones, while significant call writing at 23,000 (80.97L) highlights immediate resistance. PCR OI stands at 1.4.

Stocks on the Move

News you can use

• RailTel: Received a domestic letter of award (LoA) worth ₹22.78 crore from the Department of Posts.
• Greaves Cotton: Q2 net profit declined 81% to ₹5 crore from ₹26 crore YoY.
• Ambuja Cements: Q2 revenue stood at ₹9,197 crore, with a net profit of ₹236 crore.
• Asian Paints: Q2 revenue rose 16.9% to ₹9,976.5 crore, while net profit increased 7.6% to ₹1,068 crore.
• Paras Defence: Q2 revenue grew 42.5% to ₹151 crore, while PAT increased 63.2% to ₹31 crore.

Chart of the day: DLF (Daily TF)

Spotted: Symmetrical triangle

Structure: Price forms converging trendlines, with LHs-HLs creating a symmetrical triangle pattern.

Validation: Decisive BO above triangle resistance, supported by a volume spike.

Trading Insight: Signals potential bullish continuation after a breakout above the triangle’s resistance.

That’s a wrap for today’s action-packed session! We’ll be back in your inbox on October 30, 2026, with more sharp insights, fresh trends, and signals from the markets.