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IT, oil & gas and private bank shares declined while buying interest emerged in media, pharma and PSU Bank stocks.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 280.75 points or 0.38% to 73,326. The Nifty 50 index fell 56.15 points or 0.25% to 22,699.80.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index advanced 0.44% and the BSE 250 SmallCap Index rose 0.76%.
The market breadth was positive. On the BSE, 2,173 shares rose and 821 shares fell. A total of 195 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,462.49 crore, while domestic institutional investors (DIIs) were net buyers of Rs 2,609.57 crore in the Indian equity market 26 October 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper remains unchanged at 7.482.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.1350 compared with its close of 95.1500 during the previous trading session.
MCX Gold futures for the 4 December 2026 settlement fell 0.18% to Rs 1,42,815.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 102.04.
The United States 10-year bond yield declined 0.34% to 4.965.
In the commodities market, Brent crude for the December 2026 settlement declined 88 cents or 0.76% to $114.93 a barrel.
Stocks in Spotlight:
One 97 Communications (Paytm) shed 0.13%. The company reported a consolidated net profit of Rs 226 crore in Q2 FY27 as against Rs 21 crore in Q2 FY26. Revenue from operations jumped 28.48% YoY to Rs 2,648 crore from Rs 2,061 crore.
Nazara Technologies fell 1.69%. The company reported a consolidated net profit of Rs 35.36 crore in Q2 FY27 as against a net loss of Rs 33.9 crore in Q2 FY26. Revenue from operations surged 52.55% YoY to Rs 803.2 crore from Rs 526.5 crore.
REC declined 2.85% after the company reported a 21.22% decline in consolidated net profit to Rs 3,477.7 crore in Q2 FY27 as against Rs 4,414.9 crore in Q2 FY26. Net interest income (NII) declined 9.03% YoY to Rs 5,478.4 crore from Rs 6,022 crore.
Global Markets:
Dow futures rose 99 points, signalling a higher opening for US stocks.
Asian equities traded mixed on Tuesday, as the filing for artificial intelligence company Anthropic's planned initial public offering revived appetite for technology stocks ahead of a busy week of corporate earnings and central bank decisions.
South Korea's economy grew 3.4% year on year in the third quarter of 2026, slowing from 3.7% in the previous quarter, preliminary data from the Bank of Korea showed on Tuesday. GDP expanded 1.0% quarter on quarter, accelerating from 0.6% in the April-June quarter. Semiconductor exports and investment in production equipment supported the expansion, although private consumption fell 0.2% quarter on quarter.
Wall Street ended higher on Monday, 26 October 2026. The Dow Jones Industrial Average rose 146.42 points, or 0.28%, to 52,361.58. The S&P 500 gained 53.09 points, or 0.70%, to 7,676.77, while the Nasdaq Composite advanced 214.04 points, or 0.83%, to 26,169.38. The Philadelphia Semiconductor Index climbed 2.8%, marking its biggest one-day gain in a month, as chip-related shares led the recovery. The technology sector gained 1.5%, leading the S&P 500's 11 major sectors.
Anthropic's IPO filing helped revive the AI trade by highlighting rapid revenue growth alongside the substantial costs and risks of developing advanced AI systems. The company's first-half 2026 net loss widened to $80.7 billion, largely because of a non-operating accounting item related to convertible bonds. Its operating loss narrowed to $693 million, while adjusted operating income turned positive at $1.62 billion, compared with a loss of $1.85 billion a year earlier. Revenue grew 1,368% year on year in the three months ended 30 June 2026. The filing also highlighted risks linked to infrastructure costs, cloud-provider dependence and AI safety.
Individual stocks reflected renewed interest in AI infrastructure. Lumentum gained about 8% and Coherent rose around 6%, while Tesla advanced 5.2% after a Barclays upgrade. Meta Platforms fell 1.9% after announcing plans to raise up to $95 billion through equity offerings to fund its AI infrastructure expansion. The fundraising includes about $35 billion in public offerings and a separate share-sale programme of up to $60 billion. Meta's plans underscore investor scrutiny of the financing required to sustain AI-related capital expenditure.
Economic data offered a mixed signal on US activity and price pressures. The Dallas Federal Reserve's general business activity index rose to 13.4 in October from 9.8 in September, exceeding the 8.8 consensus forecast. However, the production index fell to 15.8 from 29.5, and the new-orders index declined to 9.3 from 30.7. The survey also showed the raw-materials price index rising to 55.3 from 52.2, pointing to continued input-cost pressure.
Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 412.3, up 1.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.58% on the day, quoting at 23130.65. The Sensex is at 74683.86, up 0.5%. Nazara Technologies Ltd has added around 13.72% in last one month.
Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 7.08% in last one month and is currently quoting at 1617.2, up 1.51% on the day. The volume in the stock stood at 8.94 lakh shares today, compared to the daily average of 18.22 lakh shares in last one month.
The PE of the stock is 0 based on TTM earnings ending June 26.
The proposed conversion is being undertaken with the objective of strengthening the capital base and net worth of Smaaash, improving its debt-equity profile, supporting its future growth plans and aligning its capital structure with its long-term business requirements.
The Board has approved the conversion of the outstanding loan aggregating up to GBP 23.00 Million (i.e. Rs 294.40 crore) advanced by the Company to Nazara Technologies UK (Nazara UK), a wholly-owned subsidiary of the Company, into equity share capital of Nazara UK.
The proposed conversion is intended to strengthen the capital base and net worth position of Nazara UK, improve its financial position and support its long-term growth and business requirements.
Post conversion, Smaaash and Nazara UK shall continue to remain wholly-owned subsidiaries of the Company and there shall be no change in the ownership or control of these subsidiaries.
The proposed investment in Nazara UK is intended to facilitate funding of the second tranche of the purchase consideration payable to the sellers of Bluetile Games, S.L. (Bluetile) and Bestplay Systems, S.L. (Bestplay), pursuant to the terms of the Share Purchase Agreement, the amendments thereto and other transaction documents executed in connection with the acquisition.
Consequent to the aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs 76,93,92,048/- comprising 38,46,96,024 equity shares of Rs 2/- each to Rs 81,71,55,470/- comprising 40,85,77,735 equity shares of Rs 2/- each.
The board has approved the appointment of Arun Agrawal as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from 16 October 2026.
Nazara Technologies Ltd is up for a fifth straight session today. The stock is quoting at Rs 381.85, up 1.43% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.31% on the day, quoting at 22838.45. The Sensex is at 72940.6, down 1.29%. Nazara Technologies Ltd has gained around 2.46% in last one month.
Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has gained around 0.73% in last one month and is currently quoting at 1550.65, down 0.3% on the day. The volume in the stock stood at 17.94 lakh shares today, compared to the daily average of 15.82 lakh shares in last one month.
Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 376.65, up 1.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.18% on the day, quoting at 23169.85. The Sensex is at 73993.25, down 1.12%. Nazara Technologies Ltd has added around 5.21% in last one month.
Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 2.45% in last one month and is currently quoting at 1566.85, up 0.24% on the day. The volume in the stock stood at 15.09 lakh shares today, compared to the daily average of 17.93 lakh shares in last one month.