After opening the day higher, the benchmark indices continued their upward momentum and ended the session in green.

Indian equity market indices Senex and Nifty ended higher on Friday, hitting a 52-week high during the session. Sensex and Nifty extended gains for three days in a row ahead of Diwali.

At the closing bell, the BSE Sensex closed higher by 485 points (up 0.5%).

Meanwhile, the NSE Nifty closed 124 points higher (up 0.5%).

Asian Paints, M&M, and Bharti Airtel are among the top gainers today.

Infosys, Eternal, and HCL Tech, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,766, higher by 123 points at the time of writing.

The BSE MidCap index ended 0.4% lower, and the BSE SmallCap index ended 0.5% lower.

Sectoral indices are trading mixed today, with stocks in the auto sector and the banking sector witnessing buying. Meanwhile, stocks in the metal sector and media sector witnessed selling pressure.

The rupee is trading at Rs 88.7 against the US$.

Gold prices for the latest contract on MCX are trading 1.3% higher at Rs 131,568 per 10 grams.

Meanwhile, silver prices were trading 0.7% higher at Rs 168,947 per 1 kg.
 

Jio Financial Services Q2 Results

In the news from finance sector, shares of Jio Financial Service came into focus after the company reported its Q2 FY26 results.

In the second quarter, the NBFC company's revenue from core operations increased by 36% to Rs 5.2 billion (bn), up from Rs 3.8 bn in the same quarter of the previous fiscal year.

The increase in total revenue from core operations was facilitated by Jio Financial Services' dividend income and gains on fair value adjustments.

In the July-September quarter, the company's dividend income was Rs 4 bn, up 72% from Rs 2.3 bn in the same period last year.

In addition to the dividend income, net gains on fair value changes increased by 1.73% to Rs 1.2 bn, up from Rs 1.1 bn in the same quarter of the prior fiscal year.

Compared to Rs 0.4 in the same quarter last year, the NBFC company's interest income fell 81% to Rs 0.07 bn in the second quarter.

In the second quarter, the financial services company's net profit increased by 50% to Rs 4.5 bn from Rs 3 bn in the same period last year.
 

BEML & Kineco in Advanced Defence Composites

Kineco Ltd. and state-owned BEML have teamed up to work on advanced composite manufacturing for aerospace and defence applications.

The partnership will involve BEML and Kineco working together to develop and produce glass fibre reinforced polymer (GFRP) panels and components, carbon fibre reinforced polymer (CFRP) structures, honeycomb cores, foams, and bonding consumables for metallic detail parts.

These advanced materials are integral to next-generation aerospace and defence systems, offering lightweight strength, enhanced durability, and superior performance.

BEML and Kineco are partnering to create world-class defence solutions, promoting India's Aatmanirbhar Bharat and Make in India initiatives.
 

KPI Green Energy Secures Order from SJVN

Moving on to the news from power sector, shares of KPI came into focus after the company bagged orders worth Rs 6.9 b from SJVN Ltd. for a 200 Megawatt (Mw) (AC) solar power project.

KPI Green Energy received three Letters of Award (LoAs) from state-run SJVN Ltd. for a 200 Mw alternating current (AC) solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat.

The project includes a long-term operation and maintenance (O&M) contract after a full-scope engineering, procurement, and construction (EPC) package.

The first contract, worth Rs 4.8 bn, covers the supply of all plant and equipment at the site, while the second contract, worth Rs 1.8 bn, deals with civil and structural works, erection, testing, and commissioning, according to the company's exchange filing.

The third contract, which is valued at Rs 0.3 bn, covers full O&M services for three years after the date of commercial operation.

KPI Green Energy's new 200 MW AC project adds to their existing solar portfolio, taking their total capacity over 845 MWp in Khavda. This win showcases their expertise in large-scale solar projects and strengthens their position as a leading developer.

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