Market snapshot
Nifty 5022,698.85-0.22%
Sensex73,246.03-0.48%
Bank Nifty54,267.40+0.54%
Previous close · 28 Oct 2026 · Nifty has closed between -0.5% and 0% on 332 of the last 1,287 sessions.
The modest decline in Indian benchmarks yesterday reflected a narrow trading session as investors digested geopolitical news and corporate announcements. US President Trump's claim of eliminating Iran's nuclear threat, alongside asserted control over the Strait of Hormuz, suggested potential easing in oil prices—a positive for India's energy import costs. However, this was juxtaposed with weakness in the IT sector, which fell sharply owing to global tech earnings disappointments. Meanwhile, the auto and media sectors saw gains, bolstered by favorable corporate developments.
The big story
‘Prices Will Come TUMBLING Down’
US claims elimination of Iran's nuclear threat, potentially easing oil prices.
News
Indian shares are expected to open little changed on Thursday after the US Federal Reserve held interest rates steady, while elevated oil prices kept investors cautious.
A war of words erupted between Rahul Gandhi and Union Finance Minister Nirmala Sitharaman over the Tata Group's boardroom dispute, with Gandhi questioning the government's silence and Sitharaman urging him not to politicize commercial matters.
Jio Platforms shares surged nearly 27% above their IPO price on their market debut, marking a significant gain for investors and making it India's second-most valuable listed company.
India’s biggest jewelers plan to buy less gold this Diwali, reflecting a strategic shift in response to market conditions.
SEBI will make Direct Plans the default option on AMC digital platforms from November 1, aiming to inform investors about higher expense ratios in Regular Plans.
Stocks Updates
Railtel: received a ₹131.9 crore order from Directorate of Postal Life Insurance, Department of Posts for system integrator for LMS for 5 years, with execution by November 2031.
TVS Motor Company: 530.08 Cr (“Proposed Transaction”), and execution of a Sale and Purchase Agreement (“Agreement”) along with other ancillary documents as may be required in connection with the proposed transaction.
Hero MotoCorp: approved an additional investment of up to ₹300 crore in HMCL Netherlands B.V., a wholly-owned subsidiary.
Meesho: approved further investment of up to ₹400 crore in Meesho Payments Private Limited, a wholly-owned subsidiary.
R R Kabel: declared an interim dividend of ₹6.5 per share for the financial year 2026-27.
Larsen & Toubro: secured major design and build orders for Dhaka Metro Line 1 in Bangladesh.
Fortis Healthcare: acquired 110-bedded Suguna Hospital, Rajajinagar, Bengaluru.
Info Edge: approved divestment of entire holdings in Medcords Healthcare Solutions and Unnati Online.
FII / DII activity
FIIBought ₹871.83 Cr
DIIBought ₹643.35 Cr
FIIs bought ₹871.83 Cr, DIIs bought ₹643.35 Cr. Flows were routine in size.
Market breadth
Nifty 500
Advances246
Declines252
A/D ratio0.98
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
Auto+1.45%
Media+1.38%
Pharma+1.04%
Bank+0.54%
Fin Services+0.47%
PSU Bank+0.08%
Metal-0.32%
Infra-0.42%
FMCG-0.56%
Realty-0.89%
Energy-0.89%
IT-1.98%
Leaders: Auto, Media · Laggards: IT, Energy
Top gainers and losers
Gainers
PGEL₹536.40+7.16%
VOLTAS₹1,011.90+6.94%
PATANJALI₹369.60+6.22%
BIOCON₹350.70+5.49%
CHOLAFIN₹1,545.20+5.19%
Losers
KAYNES₹3,140.00-6.28%
SAIL₹162.00-5.37%
PIDILITIND₹1,389.60-4.17%
MPHASIS₹2,518.00-3.83%
PETRONET₹284.90-3.75%
Commodities & forex
🪙 Gold (10g)₹1,43,600.00-0.07%
🥈 Silver (1kg)₹1,94,450.00+0.06%
USD/INR95.18-0.01%
Global cues
S&P 5007,743.98+0.28%
Nasdaq26,549.85+0.27%
S&P 500 futures7,783.25+0.32%
Nasdaq futures29,979.50+0.56%
S&P 500 and Nasdaq futures dipped as weaker-than-expected earnings from Alphabet reignited worries about AI spending, affecting stocks like Microsoft, Oracle, Nvidia, and Marvell.
Fed Chairman delivered a tough message on inflation, while Micron experienced a significant rally.
The 10-year Treasury yield crept higher even as the Federal Reserve maintained the current interest rates.
Wall Street ended higher as the Federal Reserve held the key rate steady, shifting focus to upcoming earnings.
AI giants' funding ambitions are testing Wall Street's appetite for risk.
Technical levels
Nifty support22,538.35 / 22,377.85
Nifty resistance22,818.70 / 22,938.55
Bank Nifty support53,782.28
Bank Nifty resistance54,596.38
Nifty is in bearish trend. Trading below 200 DMA suggests caution.
Corporate actions
Upcoming ex-dates
Concord Biotech
Bonus 1:1 · ex 4 Nov
Kajaria Ceramics
Interim dividend ₹12.00/sh · ex 29 Oct
Central Mine Planning & Design Institute
Interim dividend ₹1.05/sh · ex 29 Oct
Earnings calendar
Ambuja Cements Limited2026-10-29
Apar Industries Limited2026-10-29
Asian Paints Limited2026-10-29
Blue Star Limited2026-10-29