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Missed Reliance Industries’ Historic 12% One-Day Rally? Here’s What Technical Analysts Are Saying

Reliance Industries jumped after record quarterly profit, while easing crude and renewed foreign buying lifted broader market sentiment, analysts said.

  • On Friday, October 30, Indian benchmark indices Sensex and Nifty rallied in early trade, driven by buying in IT firms and earnings-driven demand in Tata Group's retail arm, Trent.
  • Trent shares jumped 6% after the retail arm reported a 25% year-on-year increase in consolidated net profit for the September quarter, supported by revenue growth and operating leverage.
  • Information technology stocks led market gains, with Tata Consultancy Services rising 1.53% in early trade alongside major gainers Tech Mahindra and Sun Pharma.
  • Enrich Money CEO Ponmudi R cautioned that crude oil remains a "key headwind" for domestic markets, with WTI trading around $102 a barrel amid geopolitical tensions.
  • Global sentiment remains cautious following U.S. market declines on Thursday, October 29, as disappointing tech earnings prompted investors to rotate away from artificial intelligence trades.
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  • 57% of the sources lean Right
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India TV News broke the news in Noida, India on Thursday, October 29, 2026.
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