Why These Stocks Are Rising and Falling Today: JWL, BSOFT & POONAWALLA Gain; ECLERX, CRAFTSMAN, & CARTRADE Decline

Indian equity markets opened in the positive territory on Thursday, October 29, 2026, with the Nifty 50 up 0.14% at 22,731, aided by softening crude oil prices and fresh hopes of peace talks in the Middle East. Brent crude was down around 1.12% to $114.02 a barrel, reversing some of the previous session's gains as fresh diplomatic efforts between the US and Iran boosted hopes of easing geopolitical tensions.

Meanwhile, the US Federal Reserve kept its benchmark interest rate at 3.75% to 4% after its October 28 FOMC meeting, as expected by the market. The central bank said economic activity remained “resilient” but was cautious, noting inflation remained “elevated” and left the timing of future policy moves open. On the institutional front, both the FIIs and DIIs were net buyers on Wednesday, October 28. While the FIIs bought Indian equities worth Rs 871.83 crore, the DIIs bought shares worth Rs 643.35 crore.

Amidst this backdrop, here are the top gainers and losers in the Nifty 500 index.

Top Gainers for October 29: JWL, BSOFT & POONAWALLA Gain Up to 8.3%

Jupiter Wagons Ltd Price Jumps 8.3%

At 09:45 AM, Jupiter Wagons Ltd is one of the top Nifty 500 gainers today. The stock was trading at ₹196.10, up 8.3% from its previous close on NSE after the company bagged a fresh order worth Rs 1,140 crore from the Ministry of Railroads. The order is for manufacture and delivery of 2,583 BOXNHL and BOXNS freight wagons, thus bolstering the order pipeline and revenue visibility of the company. The company also expects an additional order of around Rs 2,000 crore during Q4 FY27. Demand from private freight operators, leasing companies and core sector customers continue to be encouraging. The latest order and expectations of further railroad procurement along with increased manufacturing capacity have strengthened positive investor sentiment for the stock.

Trading volumes stood at 76.3 lakh, compared with the 30-day average volume of 20.7 lakh shares.

Birlasoft Ltd Share Price Rises Over 8.0%

Birlasoft Ltd is witnessing heavy buying interest, stock surged 8.0% to ₹330.65 at 9:45 am on Thursday, October 29, following the announcement of strong Q2 FY27 financial results. The company's consolidated net profit jumped 37.5% YoY to Rs 159.65 crore, compared with Rs 116.10 crore in Q2 FY26. Revenue from operations rose 6.6% YoY to Rs 1,416.2 crore, while the company declared an interim dividend of Rs 3 per share. Revenue also grew 2.7% sequentially, although net profit declined marginally QoQ. The strong yearly earnings growth and dividend announcement appear to have supported buying interest despite management's cautious outlook on deal bookings.

Trading volumes stood at 66.6 lakh shares, compared with the 30-day average volume of 24.4 lakh shares.

Poonawalla Fincorp Ltd Share gains 4.8%

At 9:45 am, the Poonawalla Fincorp Ltd share price was trading at ₹422.70, up by 4.8% from its previous close on the NSE. The company announced issuance of secured non-convertible debentures (NCDs) worth up to Rs 2,000 crore through private placement. The proposed fundraising is expected to strengthen the company's funding position, support the expansion of its lending operations and meet growing credit demand. The development may have supported positive investor sentiment towards the stock.

Trading volumes stood at 12.1 lakh shares, compared with the 30-day average volume of 24.3 lakh shares.

Top Losers for October 29: ECLERX, CRAFTSMAN, & CARTRADE Fall Up to 9.7%

EClerx Services Ltd Share Price Falls 9.7%

Shares of EClerx Services Ltd were trading at ₹1,683.70, down 9.7% from its previous close on the NSE at 9.45 am after the company reported its Q2FY27 results on October 28, 2026. Revenue from operations jumped 18.3% YoY to Rs 1,188.66 crore and the company's consolidated net profit declined 1.5% YoY to Rs 180.39 crore from Rs 183.19 crore in Q2FY26. Operating EBIT grew 1.2% YoY to Rs 228.1 crore. This indicates pressure on profitability despite good revenue growth. The gap between revenue and earnings growth could have dampened investor sentiment leading to selling pressure in the stock.

Trading volumes stood at 2.9 lakh shares, compared with the 30-day average volume of 1.7 lakh shares.

Craftsman Automation Ltd Share Price Declines 5.0%

Shares of Craftsman Automation Ltd were under selling pressure on Thursday, October 29. The stock was trading at ₹10,462.00 down by 5.0% from its previous close around 9:45 am, following the announcement of the company’s Q2FY27 financial results on October 28. Consolidated net profit rose 68.6% YoY to Rs 153.18 crore and revenue was up 47.1% to Rs 2,945.20 crore but investors seemed to be worried about weakening operating margins. Profitability was hit by higher material costs, with the EBITDA margin declining to 13.3% from 15.1% a year ago. And EBITDA only grew 2.1% sequentially on a 21.1% revenue increase, indicating operating efficiency is under pressure.

Trading volumes stood at 11 thousand shares, compared with the 30-day average volume of 51 thousand shares.

Cartrade Tech Ltd Share Price Drops 4.4%

Cartrade Tech Ltd share faced selling pressure on Thursday, October 29, and was trading at ₹2,354.30, down 4.4% from its previous close on the NSE, extending the previous session's losses following its Q2FY27 results announced on October 28. According to the company's official press release, consolidated revenue rose 10% YoY to Rs 213 crore, while EBITDA increased 20% to Rs 76 crore. EBITDA margin improved to 36% from 33% a year earlier. However, profit after tax grew just 3% YoY to Rs 66 crore, despite profit before tax rising 7% to Rs 85 crore. The relatively slower profit growth compared with operating performance may have contributed to investor concerns and selling pressure in the stock.

Trading volumes stood at 4.9 lakh shares, compared with the 30-day average volume of 4.7 shares.