Market snapshot
Nifty 5023,146.15+0.65%
Sensex74,729.27+0.56%
Bank Nifty55,844.00+0.06%
Previous close · 16 Oct 2026 · Nifty has closed between +0.5% and +1.0% on 221 of the last 1,280 sessions.
In the previous session, Indian markets saw a modest rise, driven primarily by the IT sector, which surged following positive developments in global tech sentiment. Stocks like TECHM and WIPRO were among the top gainers, reflecting optimism as Nasdaq futures rebounded from a tech selloff. Meanwhile, geopolitical developments, including Trump's assertion of reduced Iranian threat, hinted at potential shifts in energy markets, though the immediate impact on Indian stocks was limited. YESBANK was the day's sharpest decliner, down 3.42%.
The big story
‘Prices Will Come TUMBLING Down’
Trump claims US strikes eliminated Iran's nuclear threat.
News
Jio Platforms' IPO, backed by Reliance Industries, is set to open for subscription this week with a ₹30,213 crore issue, and the grey market premium suggests a potential listing gain of 22.25%.
Paras Healthcare is also entering the primary market with an initial public offering worth ₹1,450 crore, alongside Jio Platforms' IPO.
India is projected to become the world's fourth-largest economy by 2027, but the depreciation of the rupee has delayed reaching the $5-trillion economy milestone to 2029, according to IMF data.
Investors are closely monitoring earnings, crude oil prices, and the Jio IPO as key factors influencing the market next week.
Brent crude futures fell by 1.64% to $108.06 a barrel, marking a decrease after reaching their highest levels since May.
Stocks Updates
Gravita India: office: Gravita Tower, A-27 B, Shanti Path, Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA) Phone: +91-141-4057700/800 Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870 Annexure - A As required under Regulation 30 of the Listing Regulations, as amended, read with SEBI Circular bearing No.
The India Cements: approved the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026.
JSW Steel: received sanction from the National Company Law Tribunal for the amalgamation of Piombino Steel Limited with JSW Steel Limited.
Himadri Speciality Chemical: reported consolidated H1 FY27 revenue surpassing ₹3,000 crore, EBITDA exceeding ₹600 crore, and PAT exceeding ₹450 crore.
JSW Steel: announced that the demand letter issued by the Office of the Joint Director of Mines, Joda, stands quashed as per the court order.
Yes Bank: the Supreme Court upheld the Bombay High Court's judgment dismissing the bank's appeal regarding the write-down of AT1 bonds worth ~8,415 crore.
Railtel Corporation Of India: received a ₹19 crore order from Health Insurance TPA of India Ltd for IT infrastructure and cybersecurity solutions, to be executed by October 2029.
FII / DII activity
FIIBought ₹1,165.92 Cr
DIISold ₹3,661.28 Cr
FIIs bought ₹1,165.92 Cr, DIIs sold ₹3,661.28 Cr today.
Market breadth
Nifty 500
Advances258
Declines240
A/D ratio1.07
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
IT+3.92%
Media+1.92%
Metal+0.95%
Auto+0.75%
PSU Bank+0.67%
Infra+0.46%
Fin Services+0.09%
Bank+0.06%
Energy-0.06%
Pharma-0.14%
Realty-0.33%
FMCG-0.39%
Leaders: IT, Media · Laggards: FMCG, Realty
Top gainers and losers
Gainers
TECHM₹1,790.00+8.48%
WIPRO₹184.40+5.95%
KPITTECH₹555.00+5.51%
TCS₹2,465.00+4.89%
INFY₹1,161.20+4.61%
Losers
ANGELONE₹300.00-4.15%
YESBANK₹17.50-3.42%
LTF₹253.85-3.11%
MANKIND₹2,275.50-3.07%
PFC₹333.25-2.64%
Commodities & forex
🪙 Gold (10g)₹1,48,000.00+0.35%
🥈 Silver (1kg)₹2,11,418.00+0.36%
USD/INR94.52-0.66%
Global cues
S&P 5007,659.44-1.09%
Nasdaq26,140.03-2.15%
S&P 500 futures7,704.25-1.11%
Nasdaq futures29,391.50-2.50%
Nasdaq futures rallied after Friday's selloff, easing fears of a 'Black Monday', according to Yahoo Finance.
Dow Jones futures rebounded following an AI-driven sell-off, with upcoming earnings from Meta, SpaceX, and Tesla being key, reports Investor's Business Daily.
BlackRock anticipates tokenized funds becoming integrated into Wall Street's infrastructure, Bloomberg.com reports.
Centre Daily Times notes that Wall Street and bonds found support as oil prices slipped, despite Asian stocks skidding.
The Wall Street Journal reports that some Wall Street leaders are considering skipping the 'Davos in the Desert' event following attacks on Riyadh.
Technical levels
Nifty support22,990.02 / 22,833.88
Nifty resistance23,226.07 / 23,305.98
Bank Nifty support55,583.68
Bank Nifty resistance56,046.93
Nifty is in bearish trend. Trading below 200 DMA suggests caution.
Corporate actions
Upcoming dividends
Mangalore Refinery and Petrochemicals
Interim dividend ₹3.00/sh · ex 21 Oct
Elecon Engineering Company
Interim dividend ₹0.50/sh · ex 21 Oct
ICICI Prudential Asset Management Company
Interim dividend ₹30.00/sh · ex 21 Oct
Earnings calendar
Bajaj Finance Limited2026-10-19
Gallantt Ispat Limited2026-10-19
HFCL Limited2026-10-19
Hindustan Zinc Limited2026-10-19
Term of the day
Bad delivery
Bad delivery is largely obsolete historical vernacular for paper securities or documents that failed settlement validation.