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.
In the previous session, Indian markets faced a downward trend, largely influenced by global pressures and the upcoming Jio IPO. The anticipation of Jio's massive $3.2 billion IPO drew significant attention, with expectations of it impacting liquidity in the telecom sector. Meanwhile, energy stocks were pressured as crude oil prices surged past $110, heightening concerns over input costs. Limited breadth was observed, with PSU banks showing resilience, while most other sectors declined.
The big story
Jio’s Record $3.2 Billion IPO Puts India’s Market Muscle to the Test
Jio's $3.2 billion IPO attracts significant anchor investor interest.
News
Nearly half of India's 191 coal-fired power plants are operating with critically low fuel stocks due to increased electricity demand and a weaker monsoon, according to government data.
The Reserve Bank of India has sanctioned the amalgamation of Emirates NBD India branches with RBL Bank.
Reliance Jio's IPO, aiming to raise approximately ₹30,213 crore, opens for subscription today with a price band set at ₹1,065–₹1,119 per share.
Sugar prices are under pressure as India curbs ethanol output, impacting the market dynamics.
Diageo and Pernod's Scotch imports are under investigation in India, potentially affecting trade under the India-UK trade pact.
Stocks Updates
Larsen & Toubro: commenced initial activities for the New Tashkent International Airport project after securing a Limited Notice to Proceed.
Sun Pharmaceutical Industries: announced UNLOXCYT® received a Category 2A Preferred Designation in the updated NCCN Guidelines for laCSCC patients.
Hindustan Zinc: reported record second quarter mined metal production of 271 KT, up 5% YoY, and highest-ever revenue from operations of ₹ 15,093 crore, up 77% YoY.
Piramal Finance: reported a Q2 FY2027 PAT of ₹ 545 crore, up 67% YoY, and raised ₹ 3,850 crore to support retail-led growth.
Titan Company: fully redeemed commercial papers worth ₹ 1000 crore issued on July 21, 2026.
Railtel Corporation Of India: received a ₹47.4 crore order from Haryana State Electronics Development Corporation for SITC of structured LAN.
Vedanta: informed about Hindustan Zinc's submission of unaudited financial results for the second quarter and half year ended September 30, 2026.
NTPC: clarified that a news article about profit growth and buyback date is incorrect and misleading.
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
Elecon Engineering Company
Interim dividend ₹0.50/sh · ex 21 Oct
Mangalore Refinery and Petrochemicals
Interim dividend ₹3.00/sh · ex 21 Oct
ICICI Prudential Asset Management Company
Interim dividend ₹30.00/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
Dividend yield
Dividend yield is the annual dividend per share divided by the current market price.