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Full issue · 2026-10-12

Market Pulse: 12 October 2026 - Pre-Market Update

Market snapshot

Nifty 5022,520.45+1.30%
Sensex72,472.33+1.23%
Bank Nifty55,256.65+1.36%

Previous close · 9 Oct 2026 · Nifty is 5.1% below its 50-day average — further than its median gap of 1.8% over the last 402 sessions.

Indian markets rebounded strongly in the previous session, ending a five-week losing streak amid positive global cues and RBI's measures to support the rupee. The IT sector led the gains, benefiting from a weaker rupee which boosts export competitiveness. Additionally, a drop in crude oil prices eased inflation concerns, providing further relief to the markets. Despite these gains, investor sentiment remains cautious due to ongoing geopolitical tensions and global economic uncertainties.

The big story

Markets fall for fifth straight week, longest losing streak since August 2025; Rupee at record low

Indian markets face a fifth consecutive week of losses with the rupee at a record low.

News

Indian shares are set to open higher on Monday as oil prices fell and the Reserve Bank of India unveiled new measures to support the rupee, easing currency volatility and potentially tempering inflation.
Recent measures by the Reserve Bank of India to stabilize the rupee may encourage Indian companies to re-enter the bond market, as high overseas yields and increased hedging costs have limited borrowing options.
Amundi CIO Vincent Mortier suggests that foreign portfolio investors will return to India due to the country's strong macroeconomic fundamentals, despite current global economic uncertainties.
The Reserve Bank of India Chief has indicated that the country's bank liquidity surplus is likely to decline by the end of the financial year.
The IPO rush in India continues with Jio Platforms and Zetwerk among a dozen companies set to tap the primary market in October.

Stocks Updates

KEC International: secured new orders worth Rs. 1,014 crores in its India T&D business, including its first order for a 765 kV transmission line for power evacuation from a pumped storage plant in Western India.
Signatureglobal (India): reported pre-sales of INR 18.3 billion in Q2FY27, with collections increasing 51% QoQ to INR 10.1 billion.
Biocon: received an Order-In-Original from the Office of the Assistant Commissioner (ST) Atchuthapuram circle, Visakhapatnam-2.
Lenskart Solutions: approved the grant of employee stock options under the Lenskart Employee Stock Option Plan, 2021.
EIH: informed the exchange about a certificate under SEBI (Depositories and Participants) Regulations, 2018.
Krishna Institute of Medical Sciences: enclosed a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
PG Electroplast: attached a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
Jindal Stainless: enclosed a compliance certificate under Regulation 74(5) of SEBI (Depository And Participants) Regulations, 2018.

FII / DII activity

FIISold ₹12,943.58 Cr
DIIBought ₹10,703.11 Cr

FIIs sold ₹12,943.58 Cr, DIIs bought ₹10,703.11 Cr. DIIs providing support against heavy FII selling. (as of 2026-10-08)

Market breadth

Nifty 500

Advances340
Declines157
A/D ratio2.17
AdvancesDeclines

Broad participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

IT+3.02%
FMCG+2.20%
PSU Bank+1.63%
Auto+1.42%
Bank+1.36%
Fin Services+1.33%
Media+1.23%
Metal+1.10%
Realty+0.92%
Infra+0.83%
Pharma+0.54%
Energy+0.38%

Leaders: IT, FMCG · Laggards: Energy, Pharma

Top gainers and losers

Gainers

INOXWIND₹66.65+6.76%
PERSISTENT₹5,770.00+5.52%
GMRAIRPORT₹92.31+5.17%
COLPAL₹1,817.80+4.73%
APOLLOHOSP₹8,027.50+4.72%

Losers

ANANDRATHI₹2,038.70-4.68%
ENRIN₹3,101.00-2.48%
DMART₹3,516.80-1.90%
AMBER₹6,445.00-1.68%
BSE₹3,287.20-1.43%

Commodities & forex

🪙 Gold (10g)₹1,51,503.00+1.27%
🥈 Silver (1kg)₹2,25,820.00+0.03%
USD/INR96.78-0.04%

Global cues

S&P 5007,811.54+0.59%
Nasdaq27,366.17+0.64%
S&P 500 futures7,859.75+0.56%
Nasdaq futures31,108.75+0.45%
U.S. stocks rose as investor enthusiasm for artificial intelligence offset concerns over rising bond yields, according to the Wall Street Journal.
The S&P 500 reached a record high, with analysts suggesting further potential gains based on Wall Street consensus, reported Yahoo Finance.
Cboe shares surged 12.1% after the company extended its S&P 500 options license and introduced KPI binaries, Yahoo Finance reported.
Warren Buffett cautioned about stock market risks as the S&P 500's valuation exceeded 40, according to Beinsure.
Yardeni QuickTakes noted more sectors in the S&P 500 showing gains, highlighting a broader market rally.

Technical levels

Nifty support22,349.88 / 22,179.32
Nifty resistance22,635.88 / 22,751.32
Bank Nifty support54,776.13
Bank Nifty resistance55,578.23

Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.

Corporate actions

Upcoming ex-dates

Vedanta
Interim dividend ₹5.00/sh · ex 14 Oct
Tata Consultancy Services
Interim dividend ₹12.00/sh · ex 14 Oct
Ola Electric Mobility
Rights 2:25 @ Premium Rs 17/- · ex 13 Oct

Earnings calendar

HCL Technologies Limited2026-10-12
ICICI Prudential Asset Management Company Limited2026-10-12
RBL Bank Limited2026-10-12
ICICI Prudential Life Insurance Company Limited2026-10-13

Term of the day

Intraday trading

Intraday trading means opening and closing positions within the same trading session.