Shares of Asian Paints Ltd ., India's largest paints manufacturer, surged up to 6% on Friday, October 17, marking the stock's biggest single-day gain since March this year.

The rally was driven by a combination of global and domestic factors. Oil prices dropped over 1% on Thursday after US President Donald Trump announced that he and Russian President Vladimir Putin had agreed to meet in Hungary soon to discuss ending the war in Ukraine, creating expectations of reduced geopolitical risk and uncertainty in global energy markets.

The meeting date was not disclosed, and this announcement came a day before Trump was scheduled to speak with Ukrainian President Volodymyr Zelenskiy.

Domestically, positive signals emerged from Asian Paints' Managing Director and CEO, Amit Syngle, who, in a r

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