Stock Watch — October 30, 2026
Market-day summary | Summary as of 08:20 IST, Friday, October 30, 2026. Indian cash-market trading has not opened; stock prices below are the latest completed session (Thursday, October 29), not live prices. Not investment advice.
📊 Indices
| Index | Last close (Oct 29) | Day change | % change |
|---|---|---|---|
| Nifty 50 | 22,936.75 | +237.90 | +1.05% |
| Nifty Bank | 54,909.65 | +642.25 | +1.18% |
| Nifty Financial Services (FinNifty) | 24,704.55 | +286.30 | +1.17% |
| Nifty IT | 31,866.40 | +313.00 | +0.99% |
Thursday was a broad-based rebound: Sensex +905 points to 74,151, Nifty back above 22,900 with IT and banks leading, mid/smallcaps +1% each. India VIX fell 6.94% to 15.11 — a third straight session of cooling — and the Nifty Put-Call ratio jumped to 1.31 from 1.07, a bullish turn in positioning. The rally came despite FIIs selling ₹943 crore; DIIs bought ₹1,924 crore.12
🏦 Banks — Digital Payments Focus
| Bank | Symbol | Last close (Oct 29) | Change vs Oct 28 | Oct 29 low–high | Expectation today |
|---|---|---|---|---|---|
| Kotak Mahindra Bank | KOTAKBANK | ₹459.00 | ↗️ +₹19.00 (+4.32%) | ₹439.25–₹460.20 | Top gainer. Post-Q2 follow-through: consolidated PAT +26% YoY (₹5,645 crore), NII +16%; JPMorgan target ₹492, Bernstein ₹500 (both flag NIM compression). ₹460 is the near ceiling. |
| SBI | SBIN | ₹971.90 | ↗️ +₹15.10 (+1.58%) | ₹954.60–₹971.90 | Closed at day’s high. Motilal Oswal top pick — PSU bank PAT est. +27% on stake-sale gains (SBI MF, NSE). Momentum holds above ₹955. |
| ICICI Bank | ICICIBANK | ₹1,386.60 | ↗️ +₹9.00 (+0.65%) | ₹1,367.50–₹1,389.00 | Motilal top pick; needs a break of ₹1,389 (Thursday high) for follow-through. |
| Axis Bank | AXISBANK | ₹1,225.00 | ↗️ +₹5.00 (+0.41%) | ₹1,210.50–₹1,228.00 | Quiet accumulation; ₹1,200 remains the psychological floor. |
| HDFC Bank | HDFCBANK | ₹683.30 | ↘️ −₹2.00 (−0.29%) | ₹678.10–₹686.80 | Only red in the group; ₹678 (Thursday low) is first support, ₹687 the near cap. |
Bank Nifty map for today: resistance 55,002 / 55,222 / 55,578 (Fibonacci 55,128 / 55,538); support 54,290 / 54,070 / 53,714 (Fibonacci 54,035 / 52,784). The index reclaimed the 50% retracement of its 56,065→53,626 decline but still sits below its 20/50/200-day EMAs — recovery needs to reclaim those averages.2
💳 Fintech — Pure Play
| Tier | Company | NSE symbol | Last close (Oct 29) | Change vs Oct 28 | Oct 29 low–high | Expectation today |
|---|---|---|---|---|---|---|
| B1 | One 97 Communications (Paytm) | PAYTM | ₹1,686.50 | ↗️ +₹55.00 (+3.37%) | ₹1,625.10–₹1,700.00 | Top gainer, kissed ₹1,700. Q2 PAT ₹226 crore (+976% YoY), revenue +28%; Morgan Stanley’s raised target still implies upside. Support ₹1,625. |
| B2 | PB Fintech (Policybazaar) | POLICYBZR | ₹1,018.20 | ↗️ +₹30.20 (+3.06%) | ₹980.10–₹1,018.20 | Closed at day’s high, snapping five reds in six sessions. Q2 results due Nov 9–10 keep the event risk alive. |
| B4 | SBI Cards | SBICARD | ₹540.00 | ↗️ +₹12.45 (+2.36%) | ₹524.20–₹540.75 | Strong close near the high; card-spend momentum trade intact above ₹524. |
| B1 | MobiKwik | MOBIKWIK | ₹218.70 | ↗️ +₹2.47 (+1.14%) | ₹214.01–₹220.90 | Mild; tracks the sector. ₹214 is the near floor. |
| B4 | Fino Payments Bank | FINOPB | ₹122.98 | ↗️ +₹1.33 (+1.09%) | ₹121.00–₹123.96 | ₹121 support held again; range-bound. |
| B3 | Pine Labs | PINELABS | ₹164.21 | ↗️ +₹1.61 (+0.99%) | ₹161.15–₹174.80 | Spiked ~7% intraday on Q2 — PAT +543% YoY to ₹39 crore, online payments GTV +140%, guidance of 21–23% revenue growth and 20%+ EBITDA margins — then faded on profit-booking. Watch if supply exhausts. |
| B3 | Network People Services Tech. | NPST | ₹1,652.90 | ↗️ +₹6.50 (+0.39%) | ₹1,621.30–₹1,678.00 | Quiet consolidation; ₹1,621 the near floor. |
| B3 | AvenuesAI (formerly Infibeam Avenues) | CCAVENUE | ₹123.45 | ↘️ −₹2.18 (−1.74%) | ₹122.00–₹126.89 | Top loser, gave back Wednesday’s gains. Volatile small-cap in a downtrend. |
| B5 | AGS Transact Technologies | AGSTRA | ₹1.91 | ↗️ +₹0.03 (+1.60%) | ₹1.85–₹1.91 | ⚠️ Under CIRP; BZ-series, illiquid. Avoid. |
Price method: Yahoo Finance end-of-day fields for NSE symbols (last completed session Thursday, October 29). PB Fintech trades as POLICYBZR; Infibeam Avenues trades as AvenuesAI under CCAVENUE after its 10-for-1 share consolidation (record date October 13, 2026).
📰 Pre-market Setup & Sector News
- Opening cue: GIFT Nifty hovered around 23,023 in early trade — a flat-to-muted signal after Thursday’s rally. The bigger drag is Asia: Taiwan −3%, Nikkei −2%, Kospi −5% as the AI-trade selloff deepens (Samsung and SK Hynix down; MSCI Asia Pacific −1.8%).1
- US wake-up call: Wall Street slid Thursday — Alphabet’s AI-capex-heavy report crushed the stock (~12% down over two sessions), Amazon missed Q3 estimates and fell ~5% after hours, and Intel plunged ~20% on a weak forecast. The Fed held at 3.75–4.00% (10–2 vote), but Chair Warsh flagged fewer decision meetings (8→6/year) and a hot 0.5% PCE print keeps a hike on the table before year-end.13
- Key levels: Moneycontrol’s October 30 setup puts Nifty resistance at 22,968 / 23,040 / 23,157 (the 50-day EMA at 23,164 caps the 23,000–23,200 zone) and support at 22,735 / 22,663 / 22,547. Max Call OI sits at 23,500 (1.18 crore contracts); max Put OI at 22,700 (91.99 lakh) with heavy Put writing at 22,800 — the market’s short-term floor-and-ceiling.2
- Kotak earnings glow: Q2 FY27 consolidated PAT ₹5,645 crore (+26% YoY), standalone PAT ₹4,212 crore (+29%), NII ₹8,459 crore (+16%); customer assets +21% YoY. Brokers like the growth, fret the margin: Bernstein calls it the sharpest NIM compression among large private banks (RoA −22 bps QoQ).45
- Pine Labs Q2 detail: PAT ₹39 crore (+543% YoY); online payments revenue +45% with GTV up 140%; management targeting 21–23% revenue growth and 20%+ EBITDA margins, with agentic commerce (a live autonomous transaction demo on BigBasket at GFF 2026), a planned soundbox rollout, and UPI-monetisation optionality as the growth vectors.6
- UPI MDR watch continues: NPCI’s 0.3%→0.4% MDR on eligible UPI merchant transactions above ₹2,000 remains deferred past Diwali with no fresh date — the sector’s biggest pending monetisation event, with Paytm guiding ~2.5 bps payments-margin uplift when it lands.7
- Also in play: Equitas SFB crashed ~9% on the MD & CEO’s resignation amid a conflict-of-interest row (small-finance-bank read-across); oil is firm on US–Iran tensions (Brent ~$111/barrel), a watch item for the rupee and inflation; ET reports cybercriminals are hitting smaller NBFCs with specialised AI toolkits.18
Sources: Moneycontrol, NSE India, Economic Times Markets Disclaimer: AI-generated for educational purposes. Not investment advice.
https://www.moneycontrol.com/news/business/first-tick-top-global-cues-to-watch-in-today-s-trade-28-14063342.html ↩︎ ↩︎ ↩︎ ↩︎
https://www.moneycontrol.com/news/business/markets/trade-setup-for-october-30-top-15-things-to-know-before-the-opening-bell-14063777.html ↩︎ ↩︎ ↩︎
https://www.reuters.com/world/china/global-markets-global-markets-2026-10-29/ ↩︎
https://m.economictimes.com/markets/stocks/earnings/kotak-mahindra-bank-q2-results-consolidated-pat-rises-26-yoy-to-rs-5645-crore-lenders-nii-up-16/articleshow/135165924.cms ↩︎
https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-stock-jumps-2-among-top-nifty-gainers-after-q2-results-jpmorgan-raises-target-price-14059891.html ↩︎
https://m.economictimes.com/markets/stocks/news/pine-labs-shares-jump-7-as-q2-net-profit-soars-543-yoy-to-rs-39-crore/articleshow/135298034.cms ↩︎
https://economictimes.indiatimes.com/topic/pine-labs-upi-transactions ↩︎
https://economictimes.indiatimes.com/wealth/invest/bank-stocks-q2-fy27-25-profit-jump-likely-as-fcnrb-inflows-surge-why-icici-sbi-kotak-and-au-bank-are-motilal-oswals-top-picks/slideshow/135251940.cms ↩︎