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All sectoral indices on the NSE traded in negative territory, with FMCG, PSU Bank and auto stocks leading the decline, reflecting broad-based selling pressure across the market.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 549.85 points or 0.73% to 72,619.58. The Nifty 50 index fell 186.70 points or 0.83% to 22,412.30.
The broader market underperformed the frontline indices. The Nifty MidCap 150 Index declined 1.09% and the Nifty SmallCap 250 Index fell 1.42%.
The market breadth was weak. On the NSE, 695 shares rose and 2,266 shares fell. A total of 93 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 887.65 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,235.36 crore in the Indian equity market 23 October 2026, according to provisional data.
Stocks in Spotlight:
Infosys declined 1.52%. The company reported a 0.7% rise in consolidated net profit to Rs 7,823 crore in Q2 FY27 compared with Rs 7,249 crore in Q1 FY27. Revenue from operations increased 2.14% QoQ to Rs 40,719 crore in Q2 FY27. Meanwhile, the company's board declared an interim dividend of Rs 26 per equity share for FY27. The record date has been fixed as 3 November 2026, and the dividend will be paid on 11 November 2026.
IndusInd Bank rose 0.16%. The bank reported a standalone net profit of Rs 1,176.1 crore in Q2 FY27 as against a net loss of Rs 444.8 crore in Q2 FY26. Net interest income rose 3.6% to Rs 4,569.5 crore. Operating profit increased 37% to Rs 2,778 crore, while provisions and contingencies declined 53.6% to Rs 1,216.2 crore. Gross NPA declined to 2.73% from 3.25% in Q1 FY27, while net NPA fell to 0.83% from 0.95%.
Numbers to Track:
The yield on India's 10-year benchmark federal paper remains unchanged at 7.473.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.9275 compared with its close of 94.9300 during the previous trading session.
MCX Gold futures for the 4 December 2026 settlement added 0.17% to Rs 1,42,272.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 101.65.
The United States 10-year bond yield declined 0.50% to 4.961.
In the commodities market, Brent crude for the December 2026 settlement declined $2.59 or 2.22% to $114.13 a barrel.
Global Markets:
Dow futures rose 144 points, signalling a higher opening for US stocks.
Asian indices traded lower on Monday as investors weighed elevated oil prices, geopolitical risks and a busy week of central bank decisions and corporate earnings.
Brent crude eased below $115 a barrel after hitting a six-month high, offering some relief following last week's surge. The retreat followed reports of diplomatic efforts involving Qatar, Iran and the United States to ease regional tensions.
The regional session followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment. Investors are also preparing for quarterly results from major US technology companies, including Alphabet, Microsoft and Amazon, which could offer fresh insights into AI-related spending and returns.
The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16 on Friday. The S&P 500 declined 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite shed 53.52 points, or 0.21%, to 25,955.34.
Telecommunications stocks came under pressure after reports that SpaceX was exploring plans to launch a fourth US wireless carrier. AT&T and T-Mobile fell nearly 8% each amid concerns over increased competition.
Among individual stocks, Schlumberger gained about 7% following its quarterly results. American Express fell around 3.7% despite reporting higher quarterly profits and raising its full-year earnings forecast. The company also announced plans to cut 5% of its workforce, while its revenue missed market expectations.
On the economic front, the University of Michigan's final consumer sentiment index for October came in at 48.0, compared with 48.1 in September. Although the reading exceeded market expectations, sentiment remained near historically low levels. One-year inflation expectations rose to 4.7% from 4.6%, while five-year expectations increased to 3.5% from 3.4%. Persistent inflation concerns could complicate the Federal Reserve's policy outlook.
IT stocks remained under pressure, extending their losing streak for the third consecutive trading session, as investors continued to trim their exposure to the sector.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 155.47 points or 0.21% to 73,294.77. The Nifty 50 index added 45.75 points or 0.20% to 22,656.65.
The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.47% and the Nifty SmallCap 250 Index jumped 0.51%.
The market breadth was positive. On the NSE, 1,916 shares rose and 1,376 shares fell. A total of 106 shares were unchanged.
Earnings Today:
Tata Consumer Products (down 2.86%), ITC Hotels (up 0.61%), One 97 Communications Paytm(up 0.46%), AAVAS Financiers (down 0.41%), Aditya Birla Real Estate(up 1.63%), Acevector, Aegis Logistics (down 2.07%), Aequs, (up 2.57%), Astec Lifesciences(down 3.34%), Ather Energy(down 0.01%), Eris Lifesciences(down 0.34%), Indian Overseas Bank(up 1.53%), LEAP India(down 0.49%), Bank of Maharashtra(up 0.08%), Mankind Pharma(up 2.17%), Nazara Technologies(up 0.26%), REC, (down 0.07%)Sona BLW Precision Forgings(up 2.76%) and WeWork India Management (down 1.11%) will declare their results later today.
Buzzing index:
The Nifty IT Index declined 31,599.45. The index dropped 2.54% in the three consecutive trading sessions.
Infosys (down 1.13%), HCL Technologies (down 0.63%), Wipro (down 0.59%), LTM (down 0.56%).
Stock in Spotlight:
RailTel Corporation of India fell 2.52% after the company’s standalone net profit declined 9.87% year-on-year to Rs 68.56 crore in Q2 FY27, compared with Rs 76.07 crore in Q2 FY26. Revenue from operations rose 20.47% YoY to Rs 1,146.14 crore in Q2 FY27 from Rs 951.36 crore in the corresponding quarter last year.
Apollo Micro Systems jumped 7.85% after reporting strong consolidated financial results for the September quarter of FY27. Net profit climbed 53.7% year on year to Rs 46.15 crore from Rs 30.03 crore in Q2 FY26. Sequentially, net profit rose 83% from Rs 25.22 crore in Q1 FY27. Revenue from operations rose 72.3% year on year to Rs 388.15 crore in Q2 FY27 from Rs 225.26 crore in Q2 FY26. Revenue increased 54.5% quarter on quarter from Rs 251.29 crore in Q1 FY27.
On a year-on-year (YoY) basis, the IT major's consolidated net profit rose 6.23%, while revenue from operations climbed 10.69% in Q2 FY27.
Profit before tax (PBT) increased 8.15% YoY and 0.32% QoQ to Rs 11,063 crore in Q2 FY27. Operating margin moderated to 21% from 21.1% in Q1 FY27.
In constant currency terms, revenue grew 1.2% sequentially and 1.5% year-on-year. In dollar terms, revenue stood at $5,145 million, registering growth of 1.2% QoQ and 1.3% YoY.
Free cash flow (FCF) stood at Rs 8,898 crore as of 30th September 2026, down 8.05% YoY and 1.69% QoQ. FCF conversion at 113.5% of net profit
The total contract value (TCV) of large deal wins increased to $5.2 billion during the quarter from $3.6 billion in Q1 FY27, with net new deals contributing 62% of the total. AI-led services accounted for 10.5% of the company's revenue in Q2 FY27.
The company revised its FY27 constant currency revenue growth guidance downward to 1%-2% from its earlier projection of 1.5%-3%, while retaining its operating margin guidance of 20%-22%.
The company had 2,026 active clients as of 30th September 2026, compared with 1,896 a year earlier. Total headcount stood at 3,32,542, up 0.17% YoY. The IT services attrition rate declined to 12.7% from 14.3% in the previous year.
Salil Parekh, CEO and MD, said, “We had strong large deals of $5.2 billion, including a mega deal of over $2 billion, reinforcing our position as a trusted partner in the marketplace when clients embark on large and complex transformation programs. Our AI revenue was at 10.5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence,
We are advising some of the largest global enterprise on their AI strategy and continue to invest in deep domain and technology capabilities to bring new ideas and an integrated ecosystem to help businesses unlock AI value at scale,”
Jayesh Sanghrajka, CFO, said, “We delivered operating margins of 21.0% in Q2 amidst heightened volatility. Focus on cost and operational efficiency measures while making the required investments, have led to stable margins. Free cash flow of $928 million, representing 113.3% of net profit, underscores the financial strength of the business. The Board has announced an interim dividend of Rs 26 per share, an increase of 13% from last year.”
Meanwhile, the company's board declared an interim dividend of Rs 26 per equity share for FY27. The record date has been fixed as 3 November 2026, and the dividend will be paid on 11 November 2026.
Infosys is a global leader in next-generation digital services and consulting.
Metal, pharma and oil & gas shares advanced while media and consumer durables shares declined.
As per provisional closing data, the S&P BSE Sensex advanced 482.92 points or 0.66% to 73,606.75. The Nifty 50 index rose 153.20 points or 0.68% to 22,753.20. In the past four consecutive trading sessions, the Sensex and Nifty declined 3.49% and 2.36%, respectively.
The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 1.07% and the Nifty SmallCap 250 Index jumped 1.13%.
The market breadth was positive. On the NSE, 2,063 shares rose and 1,525 shares fell. A total of 93 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 1.73% to 17.15.
Brent crude eased to around $115.17 a barrel on Monday after approaching a six-month high last week. Prices retreated amid hopes of diplomatic efforts involving Qatar, Iran and the United States to ease regional tensions. However, continued attacks in the region kept supply risks elevated.
Initial Public Offer (IPO) :
EAAA India Alternatives received bids for 5,46,858 shares as against 52,99,684 shares on offer, according to stock exchange data at 15:30 IST on 26 October 2026. The issue was subscribed 0.10 times.
The issue opened for bidding on 26 October 2026 and will close on 28 October 2026. The price band of the IPO is fixed between Rs 1,585 and 1,665 per share. An investor can bid for a minimum of 9 equity shares and multiples thereof.
The Nifty Metal index advanced 2.21% to 11,731.55. The index declined 5.40% in the past four trading sessions.
JSW Steel (up 4.85%), Steel Authority of India (up 3.44%), National Aluminium Company (up 2.97%), Hindalco Industries (up 2.17%), Hindustan Copper (up 1.97%), Jindal Steel (up 1.88%), Vedanta Aluminium Metal (up 1.74%), APL Apollo Tubes (up 1.48%), Adani Enterprises (up 1.25%) and Tata Steel (up 0.79%) surged.
Kotak Mahindra Bank rose 2.38% after the private sector lender reported a 29% year-on-year increase in standalone net profit to Rs 4,212 crore in Q2 FY27. Net profit grew 2% sequentially from Rs 4,123 crore in Q1 FY27. Net interest income (NII) increased 16% year-on-year and 7% quarter-on-quarter to Rs 8,459 crore. Net interest margin (NIM), however, moderated to 4.31% from 4.54% a year ago and 4.53% in the previous quarter. The bank attributed the moderation largely to the mobilisation of foreign currency non-resident bank (FCNR(B)) deposits during the quarter.
Infosys jumped 1.06%. The company lowered its constant currency (CC) revenue growth guidance for FY27 to 1%-2%. The IT major reported a 0.7% rise in consolidated net profit to Rs 7,823 crore in Q2 FY27 compared with Rs 7,249 crore in Q1 FY27. Revenue from operations increased 2.14% QoQ to Rs 40,719 crore in Q2 FY27.
Tata Chemicals jumped 3.43% on Monday after the company disclosed a court order concerning a dispute over the operations of its Kenyan subsidiary, Tata Chemicals Magadi Limited (TCML).
Dow futures rose 266 points, signalling a higher opening for US stocks.
European shares advanced on Monday despite geopolitical tensions in the Middle East.
In the UK, retail sales volumes fell 0.4% in September, exceeding expectations for a 0.1% decline. Warmer weather weighed on online clothing sales, while supermarket volumes also fell. Retail sales volumes rose 0.7% over the three months to September, and fuel sales volumes increased 2.2% in September.
UK consumer confidence recorded its sharpest monthly decline since April 2020, raising concerns about household spending ahead of the government's upcoming budget. The GfK Consumer Confidence Index fell 11 points to -24 in October from -13 in September.
Most Asian equity indices ended lower as investors assessed elevated oil prices, geopolitical risks and a busy week of central bank decisions and corporate earnings.
The cautious mood followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment. Investors are also preparing for quarterly results from major US technology companies, including Alphabet, Microsoft and Amazon, which could provide fresh insights into AI-related spending and returns.
Telecommunications stocks came under pressure after reports that SpaceX was exploring plans to launch a fourth US wireless carrier. AT&T and T-Mobile fell nearly 8% each amid concerns over increased competition. Energy stocks gained as Middle East tensions pushed oil prices higher.
Among individual stocks, Schlumberger gained about 7% following its quarterly results. American Express fell around 3.7% despite reporting higher quarterly profits and raising its full-year earnings forecast. The company also announced plans to cut 5% of its workforce, while revenue missed market expectations.
On the economic front, the University of Michigan's final consumer sentiment index for October came in at 48.0, compared with 48.1 in September. The reading exceeded market expectations, but sentiment remained near historically low levels. One-year inflation expectations rose to 4.7% from 4.6%, while five-year expectations increased to 3.5% from 3.4%. Persistent inflation concerns could complicate the Federal Reserve's policy outlook.
In the cash market, the Nifty 50 index advanced 153.20 points or 0.68% to 22,753.20.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.73% to 17.15.
Infosys, HDFC Bank and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
October 2026 F&O contracts will expire on 27 October 2026.
Jayesh Sanghrajka, CFO, said, “We delivered operating margins of 21.0% in Q2 amidst heightened volatility. Focus on cost and operational efficiency measures while making the required investments, have led to stable margins. Free cash flow of $928 million, representing 113.3% of net profit, underscores the financial strength of the business. The Board has announced an interim dividend of ₹26 per share, an increase of 13% from last year.”
The scrip rose 0.30% to settle at Rs 1154.50 on the BSE.
At 12:25 IST, the barometer index, the S&P BSE Sensex tanked 755.77 points or 0.98% to 73,996.33. The Nifty 50 index declined 206.20 points or 0.89% to 22,941.60.
In the broader market, the BSE 150 MidCap Index declined 0.57% and the BSE 250 SmallCap Index fell 1.01%.
The market breadth was weak. On the BSE, 1,328 shares rose and 2,842 shares fell. A total of 285 shares were unchanged.
Brent crude for December 2026 settlement declined $2.57 or 2.34% to $107.29 a barrel.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 5.13% to 14.97. The Nifty 27 October 2026 futures were trading at 22,936.10 at a discount of 5.50 points as compared with the spot at 22,941.60.
The Nifty option chain for the 27 October 2026 expiry showed a maximum call OI of 1.17 crore contracts at the 23,500 strike price. A maximum put OI of 69.3 lakh contracts was seen at the 22,500 strike price.
Buzzing Index:
The Nifty IT index fell 1.02% to 31,598.50. The index jumped 12.61% in the past four trading sessions.
Infosys (down 2.02%), LTM (down 1.6%), Oracle Financial Services Software (down 1.45%), Coforge (down 0.92%), Tech Mahindra (down 0.84%), Mphasis (down 0.68%), Wipro (down 0.23%), Tata Consultancy Services (down 0.02%) surged.