Market snapshot
Nifty 5022,888.95-1.11%
Sensex73,852.90-1.17%
Bank Nifty55,488.10-0.64%
Previous close · 19 Oct 2026 · Nifty is trading at the 16th percentile of its range over the last 252 sessions.
Yesterday saw Indian equity markets retreat as investors showed caution ahead of the upcoming Jio Platforms IPO, which had already secured significant anchor investor interest. Geopolitical developments, particularly regarding oil prices amid tensions in the Middle East, contributed to market volatility. The banking sector displayed mixed results, with PSU banks gaining traction, while Axis Bank notably fell among private lenders.
The big story
Jio Platforms raises Rs 8,110 cr before India's biggest IPO opens; LIC, Capital Group, BlackRock among
Jio Platforms raised Rs 8,110 crore before IPO.
News
The Securities and Exchange Board of India (SEBI) has established a working group to review and simplify the regulations governing IPOs, FPOs, and other securities issuances.
The Reserve Bank of India has approved the amalgamation of Emirates NBD's India branches with RBL Bank.
Sugar prices are under pressure as India imposes restrictions on ethanol production.
Helios Capital's Samir Arora expressed confidence in the Jio Platforms IPO, citing its potential for reasonable returns and its role in India's digital ecosystem.
The Jio IPO anchor book has been subscribed over 30 times, attracting marquee investors such as BlackRock, GIC, Norges, and SBI Mutual Fund.
Stocks Updates
Larsen & Toubro: commenced initial activities for the New Tashkent International Airport project after securing a Limited Notice to Proceed from the PPP consortium.
The Federal Bank: clarified that there is no material event or information requiring disclosure under Regulation 30 of SEBI LODR Regulations, 2015.
Steelmakers: expected to outperform non-ferrous peers in Q2 as higher volumes support earnings, while non-ferrous companies may see a sequential decline in earnings.
Hindustan Zinc: reported record second quarter mined metal production of 271 KT, with revenue from operations up 77% YoY.
Piramal Finance: reported a 67% YoY increase in Q2 FY2027 PAT to ₹545 crore, with AUM increasing 24% YoY.
Titan Company: fully redeemed commercial papers worth ₹1000 crore issued on July 21, 2026.
JSW Steel: announced that the demand letter from the Office of the Joint Director of Mines, Joda, has been quashed by the court.
Cemindia Projects: allotted 1,26,35,379 equity shares at ₹1,108 per share, aggregating to ₹1,400 crore, through a qualified institutions placement.
FII / DII activity
FIISold ₹1,148.64 Cr
DIIBought ₹3,201.19 Cr
FIIs sold ₹1,148.64 Cr, DIIs bought ₹3,201.19 Cr today.
Market breadth
Nifty 500
Advances83
Declines414
A/D ratio0.20
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
PSU Bank+2.46%
Media-0.26%
Metal-0.55%
Energy-0.60%
Bank-0.64%
Pharma-0.65%
Infra-0.68%
Auto-0.69%
Realty-1.20%
IT-1.28%
FMCG-1.44%
Fin Services-1.58%
Leaders: PSU Bank, Media · Laggards: Fin Services, FMCG
Top gainers and losers
Gainers
UNIONBANK₹180.70+5.25%
PNB₹121.90+4.82%
BANKBARODA₹238.20+3.39%
BANKINDIA₹136.78+3.34%
FEDERALBNK₹348.85+3.21%
Losers
AXISBANK₹1,236.00-4.19%
INOXWIND₹64.89-4.05%
SUZLON₹40.38-3.86%
NAUKRI₹1,220.00-3.56%
YESBANK₹16.88-3.54%
Commodities & forex
🪙 Gold (10g)₹1,47,300.00-0.42%
🥈 Silver (1kg)₹2,09,825.00flat
USD/INR94.98+0.48%
Global cues
S&P 5007,690.73+0.41%
Nasdaq26,430.89+1.11%
S&P 500 futures7,734.50+0.39%
Nasdaq futures29,722.50+1.13%
U.S. stock futures remained steady following a rebound on Wall Street driven by a recovery in tech stocks, according to Investing.com.
AI stocks led a rebound on Wall Street, even as European markets dropped due to protests, reports AP News.
The tech-heavy Nasdaq led Wall Street's relief rally ahead of key earnings, as noted by Yahoo! Finance Canada.
Nasdaq has adopted a uniform $4.00 minimum price requirement for initial listings on the Nasdaq Capital Market, according to JD Supra.
PayPal's stock was downgraded as Wall Street expressed doubts about the company's turnaround, reports Barron's.
Technical levels
Nifty support22,764.22 / 22,639.48
Nifty resistance23,094.47 / 23,299.98
Bank Nifty support55,251.57
Bank Nifty resistance55,804.17
Nifty is in bearish trend. Trading below 200 DMA suggests caution.
Corporate actions
Upcoming dividends
ICICI Prudential Asset Management Company
Interim dividend ₹30.00/sh · ex 21 Oct
Elecon Engineering Company
Interim dividend ₹0.50/sh · ex 21 Oct
Mangalore Refinery and Petrochemicals
Interim dividend ₹3.00/sh · ex 21 Oct
Earnings calendar
Aditya Birla Sun Life AMC Limited2026-10-21
Adani Green Energy Limited2026-10-21
ETERNAL LIMITED2026-10-21
International Gemological Institute Limited2026-10-21
Term of the day
Price-to-earnings
The price-to-earnings ratio compares a stock’s market price with its earnings per share.