Jio Platforms is making its much-anticipated stock market debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at 10 AM on Wednesday, October 28, 2026. This event marks a significant moment for India's primary market following its mega initial public offering (IPO). Meanwhile, the domestic stock market is expected to open lower, with GIFT NIFTY futures indicating a 230-point drop in the NIFTY50 index.
- Jio Platforms begins trading on BSE and NSE on October 28.
- NIFTY50 index expected to open 230 points lower.
- Reliance Industries to announce Q2 FY27 results on October 30.
- Larsen & Toubro (L&T) reports 16% revenue growth and strong order inflow.
- Piramal Pharma posts higher revenue but still reports a loss.
- Maruti Suzuki sees a 31.6% increase in domestic vehicle dispatches.
- Max Financial Services reports 16% revenue growth in H1 FY27.
Why is Jio Platforms' stock market debut important?
Jio Platforms' listing on the stock exchanges is a landmark event for India's financial markets. It follows a highly successful IPO and is expected to influence investor sentiment, especially towards Reliance Industries Limited (RIL), which remains a major stakeholder in Jio's digital services business. The debut is closely watched as it reflects the market's confidence in the technology and telecom sectors.
How is the overall market expected to perform on October 28?
The market is expected to open on a weaker note. The GIFT NIFTY futures suggest that the NIFTY50 index will start 230 points lower. This indicates cautious investor sentiment amid global and domestic factors influencing the market.
What are some key company performances in the recent quarter?
Larsen & Toubro (L&T) reported consolidated revenue of ₹78,750 crore for the quarter, a 16% increase year-on-year. The company secured orders worth ₹1,47,665 crore, marking a 28% growth. Significant order wins came from sectors like hydrocarbons, airports, and power transmission. International orders contributed 63% of the total inflow.
Piramal Pharma increased its revenue from operations to ₹2,617.06 crore, up from ₹2,043.72 crore in the previous year. However, it posted a loss of ₹99.22 crore, reflecting ongoing challenges despite revenue growth.
Maruti Suzuki experienced a 31.6% rise in domestic vehicle dispatches to 11.46 lakh units for April-September, compared to the previous year. This growth is partly due to a low base last year. The company’s consolidated profit was ₹43.8 crore in the same period last year.
Max Financial Services reported a 16% increase in consolidated revenue (excluding investment income) to ₹17,484 crore in the first half of FY27. Including investment income, revenue rose 17% to ₹26,582 crore. Profit after tax (PAT) surged by 137% to ₹219 crore. The company also saw an 18% growth in renewal premiums.
What other companies are in focus during this period?
Several other companies are notable this quarter. Reliance Industries is set to announce its Q2 FY27 results on October 30, with investors watching closely for cues from the Jio listing. United Breweries Limited (UBL) reported a 23.7% increase in revenue and a significant rise in EBITDA. Steel Authority of India Limited (SAIL) showed revenue growth but faced margin contractions. JSW Cement and Raymond Realty also posted higher revenues and sales volumes.
How are global factors affecting company performances?
Companies like Raymond Realty and others have commented on the impact of geopolitical tensions and supply chain disruptions. For example, Aman Kirloskar of Raymond Realty noted that global volatility and shipping delays affected export clearances and order finalizations. Despite these challenges, companies remain confident in their operational foundations and growth prospects.
Frequently Asked Questions
Q: When will Jio Platforms start trading on the stock market?
A: Jio Platforms will begin trading on the BSE and NSE at 10 AM on October 28, 2026.
Q: What is the expected market trend on October 28?
A: The market is expected to open lower, with the NIFTY50 index predicted to drop by 230 points based on GIFT NIFTY futures.
Q: Which companies reported strong quarterly results recently?
A: Companies like Larsen & Toubro, Max Financial Services, and United Breweries Limited reported significant revenue growth and improved earnings in their recent quarterly results.
Q: How has Maruti Suzuki performed in recent months?
A: Maruti Suzuki saw a 31.6% increase in domestic vehicle dispatches during April-September 2026 compared to the previous year, reflecting a recovery from a low base.
