Alcohol stocks rallied up to 7% after Karnataka announced major policy changes in its state budget. The government will no longer control liquor prices and has introduced alco-beer tourism, opening new growth opportunities for alcohol companies.
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The change is aimed at simplifying the investment process for overseas based Indians and improving ease of access to India’s domestic capital markets.
According to the Finance Minister, the Bio Pharma Shakti initiative is designed to support research, manufacturing capacity, innovation, and scale across the bio pharma value chain.
The EBITDA margin was better at 78% against 72.6% during the same quarter last year, reflecting better operational efficiency.
This comes under the overall vision of the government in making India a great sporting nation and motivating youth talent with better infrastructure and training facilities.
In the Union Budget 2025, the Finance Minister has made following key announcements for Education, Healthcare, and Infrastructure sectors:
The Finance Minister stated that there will be no income-tax for individuals earning up to ₹12 Lakh annually.
Indian stock markets ended sharply higher on November 2, 2026, with Sensex rising 1.66% to 75,692.78 and Nifty gaining 1.68% to 23,440.80. Reliance Industries surged 11.60% following record Q2 FY27 earnings, while Energy, Infrastructure and Metal stocks led sectoral gains. Softer crude oil prices, foreign fund inflows and positive global cues further supported market sentiment.
SEBI has recommended removing the 12.5% long-term capital-gains tax on foreign investors and making domestic mutual-fund switches tax-free after a one-year holding period. The nonbinding pre-budget proposals are awaiting a final government decision.
Indian stock markets extended their gains for a second consecutive session on October 30, 2026, with the Sensex rising 308 points to 74,459.53 and the Nifty gaining 116 points to 23,053.10. IT and Pharma stocks led the rally, while Trent advanced 5.44% and IndiGo gained 4.33% after their Q2 FY27 results. However, weakness in banking, energy and broader market indices limited overall gains.
Sensex gained 0.82% to 73,847 and Nifty rose 0.74% to 22,865 on October 29, supported by Reliance Industries and IT stocks. Elevated crude oil prices continued to limit market gains.
Indian stock markets ended sharply higher on November 2, 2026, with Sensex rising 1.66% to 75,692.78 and Nifty gaining 1.68% to 23,440.80. Reliance Industries surged 11.60% following record Q2 FY27 earnings, while Energy, Infrastructure and Metal stocks led sectoral gains. Softer crude oil prices, foreign fund inflows and positive global cues further supported market sentiment.
SEBI has recommended removing the 12.5% long-term capital-gains tax on foreign investors and making domestic mutual-fund switches tax-free after a one-year holding period. The nonbinding pre-budget proposals are awaiting a final government decision.
Indian stock markets extended their gains for a second consecutive session on October 30, 2026, with the Sensex rising 308 points to 74,459.53 and the Nifty gaining 116 points to 23,053.10. IT and Pharma stocks led the rally, while Trent advanced 5.44% and IndiGo gained 4.33% after their Q2 FY27 results. However, weakness in banking, energy and broader market indices limited overall gains.
Sensex gained 0.82% to 73,847 and Nifty rose 0.74% to 22,865 on October 29, supported by Reliance Industries and IT stocks. Elevated crude oil prices continued to limit market gains.
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