10 Stocks to Watch as Markets Extend Winning Streak
- Sensex and Nifty gained over 1%, extending their winning streak for the second session.
- RIL, Tata Technologies, Hindustan Zinc, and JSW Steel to announce Q2 results today.
- Infosys, Wipro, and Waaree Energies posted strong quarterly numbers; Zee Entertainment reported a profit drop.
The Indian stock market continued its winning streak for the second straight session on Thursday, October 16, as benchmark indices Sensex and Nifty 50 gained over 1% each, supported by positive global cues.
The Sensex jumped 862 points, or 1.04%, to close at 83,467.66, while the Nifty 50 advanced 1.03% to end at 25,585.30. The BSE Midcap and Smallcap indices also posted modest gains of 0.29% and 0.47%, respectively.
Ajit Mishra, SVP, Research, Religare Broking Ltd, said, “Markets delivered a strong performance with the Nifty 50 crossing the 25,600 mark and closing near the day’s high. The rally was driven by strong buying in financial stocks. Sector-wise, FMCG, realty, and auto led the gains, while pharma stocks ended on a muted note”.
Here are some of the key stocks likely to remain in focus today:
Reliance Industries, Tata Technologies, Hindustan Zinc, JSW Steel:
These companies are set to announce their Q2 results today, which could drive stock-specific movements.
Infosys:
Infosys reported a 2.2% quarter-on-quarter revenue growth in constant currency terms for Q2FY26, beating estimates. The company also raised its full-year revenue growth forecast to 2–3%, while keeping its EBIT margin guidance steady at 20–22%.
Wipro:
Wipro posted revenue of Rs 22,641 crore for the September quarter, up 2.5% sequentially but slightly below projections. IT EBIT rose 6% quarter-on-quarter to Rs 3,783 crore, and operating margins improved to 16.7%.
Jio Financial Services:
The company saw a strong 41% year-on-year rise in revenue to Rs 981.4 crore for Q2FY26, driven by solid growth in lending, asset management, and payments businesses.
Waaree Energies:
The solar module manufacturer reported a 133% jump in consolidated net profit for the September quarter to Rs 842 crore, compared to Rs 362 crore in the same period last year.
Tata Steel:
Tata Steel announced a long-term partnership with Air Water India (AWIPL) for the operation and maintenance of its Air Separation Unit in Jamshedpur.
BEML:
BEML signed an MoU with Kineco Ltd to collaborate on advanced composite production for defence and aerospace applications.
Metro Brands:
The footwear company posted a 4.2% year-on-year decline in net profit to Rs 69 crore in Q2FY26, though revenue rose 11.2% to Rs 651 crore.
Ashok Leyland:
The commercial vehicle maker secured a large order for 1,937 buses from Tamil Nadu State Transport Undertakings (TNSTUs), further strengthening its partnership with the state’s transport sector.
Zee Entertainment:
Zee reported a 63% drop in consolidated net profit for Q2FY26 at Rs 76.5 crore, compared to Rs 209.4 crore a year ago, impacted by weak advertising revenue.
