Nifty 50 closed at 22997.35, up 1.66%; Diversified leads, Capital Goods & Engineering lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.04, rupee firmer by 0.25% on the session
• India VIX: 14.05 (-4.0%)
• Gold (rupee terms): +0.08% on the session, -0.9% over five sessions

Key drivers

Markets

• Stocks in news: Reliance Industries, Jio Financial, Tata Tech, HDB Financial and Wipro. Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation and elevated crude oil prices. The Nifty 50 declined, testing the support zone of 22,580-22,620, which might weaken with repeated tests. (Economic Times Markets)
• Stock Market Live Highlights: Sensex Drops 226 Points, Nifty 50 Below 22,650; Infosys, TCS Jump; Shriram Fin, HDFC Life Top Losers. Stock Market Live Highlights: Among sectors, losses were seen in Nifty Pharma, Nifty Metals, Nifty Auto, Nifty Realty and Nifty Private Bank indices, while Nifty IT, Nifty FMCG, Nifty Oil & Gas and Nifty Media indices ended in the green. (NDTV Profit)
• TCS, Infosys, HCLTech, Wipro, TechM: IT stocks gain up to 3.5% today; Nifty IT jumps 9% in 3 days; what's driving rally?. Indian IT stocks rose, lifting the Nifty IT index 2.5% and extending its three-session gain to 9%. Strong results from HCLTech and TCS, optimism about AI services and a weaker rupee supported the rally. (LiveMint Markets)
• Stock Market Today, GIFT Nifty Live: Sensex, Nifty 50 To Open Flat; Kospi Crashes 8%, Nikkei 4%; Wipro, Nestle Q2 In Focus. Stock Market Live: Asian markets were trading lower in early trade, with Japan's Nikkei 225 plunging 3.3%, South Korea's Kospi tumbling 5.7%, the Topix declining 1.80% and Australia's S&P/ASX 200 slipping 0.42%. (NDTV Profit)

Read more Stocks in news: Reliance Industries, Jio Financial, Tata Tech, HDB Financial and Wipro · Stock Market Live Highlights: Sensex Drops 226 Points, Nifty 50 Below 22,650; Infosys, TCS Jump; Shriram Fin, HDFC Life Top Losers · TCS, Infosys, HCLTech, Wipro, TechM: IT stocks gain up to 3.5% today; Nifty IT jumps 9% in 3 days; what's driving rally? · Stock Market Today, GIFT Nifty Live: Sensex, Nifty 50 To Open Flat; Kospi Crashes 8%, Nikkei 4%; Wipro, Nestle Q2 In Focus

Economy & policy

Economy and policy

• India bonds sink deeper on RBI commentary, inflation concerns. Indian government bonds are currently facing notable losses, pushing the 10-year yield to its highest since March 2023. This downturn comes in the wake of hawkish remarks from Reserve Bank of India Governor Sanjay Malhotra about financial stability. (Economic Times Markets)
• Sebi confirms Rajesh Exports curbs, flags incomplete information in probe. Rajesh Mehta remains barred from dealing in Rajesh Exports securities as Sebi examines financial disclosures, subsidiary consolidation and alleged related-party fund routing. (Business Standard Mkts)
• Sebi proposes market cap-based SME listing norms, lower application size. Sebi proposes halving the minimum SME IPO application value to Rs 1 lakh, raising the operating profit threshold and easing offer-for-sale restrictions for institutional investors (Business Standard Mkts)
• Sebi likely to adopt blended pricing framework to curb expiry-day volatility in derivatives. Sebi reviewed the framework through a consultation paper in September, following pushback from market participants over a liquidity squeeze during the auction. (LiveMint Markets)

Read more India bonds sink deeper on RBI commentary, inflation concerns · Sebi confirms Rajesh Exports curbs, flags incomplete information in probe · Sebi proposes market cap-based SME listing norms, lower application size · Sebi likely to adopt blended pricing framework to curb expiry-day volatility in derivatives

Companies

• Q2 Results Live: Tata Communications Profit Soars Over 86%; Tips Music Declares Dividend. Q2 Results Live: Wipro, Tech Mahindra, Nestle India, Polycab India, HDFC AMC and Angel One are among 48 companies scheduled to announce their Q2 FY27 results today, October 15. (NDTV Profit)
• 10 Nifty500 stocks that have fallen up to 58% in a year. Ten Nifty 500 stocks have fallen between 47% and 58% over the past year, significantly underperforming the broader market. (Economic Times Markets)
• Q2 results today: Wipro, Nestle India, 47 others to announce earnings. Q2FY27 results today: Jio Financial, Wipro, Nestle India, HDFC AMC, HDFC Life, and Indian Bank, and 43 other firms will announce their earnings for the second quarter of financial year 2026-27 today (BS Companies)
• Treasury rally could lift India bonds at open, but caution prevails. Indian government bonds are expected to draw investor interest early Thursday as US Treasury yields retreat. The Reserve Bank of India's recent hawkish outlook on interest rates continues to create a cautious market environment. (Economic Times Markets)

Read more Q2 Results Live: Tata Communications Profit Soars Over 86%; Tips Music Declares Dividend · 10 Nifty500 stocks that have fallen up to 58% in a year · Q2 results today: Wipro, Nestle India, 47 others to announce earnings · Treasury rally could lift India bonds at open, but caution prevails

Companies

New issues

• Big surge! Early Diwali for Sensex, Nifty as stock market skyrockets on Reliance Jio IPO, IT shares jump - More to come?. Indian benchmarks rallied more than 2% on Thursday, with the Sensex topping 74,330 and the Nifty reclaiming 23,000. (LiveMint Markets)
• Jio IPO: Meta, Google, ADIA, 7 others eye Rs 3.2 lakh crore stake value, gains on investment. As the IPO hits the market on October 21, it would pave the way for Rs 3.18 lakh crore in value unlocking for technology giants such as Meta Platforms and Google. (Business Today Mkts)
• Jio IPO Price Band, Valuation: What It Means For RIL And Bharti Airtel. A strong Jio Platforms listing could provide a positive read-through for telecom-sector sentiment. Conversely, a muted debut or sustained pressure on Jio's shares could limit hopes of a sector-wide re-rating. (NDTV Profit)
• Jio Platforms IPO: Price band announced at Rs 1,065-1,119; set to become India's biggest public issue. At the upper end of the price band, Jio Platforms' Rs 30,213 crore public issue will surpass Hyundai Motor India's Rs 27,870 crore offering in 2024 (Business Today Mkts)

Read more Big surge! Early Diwali for Sensex, Nifty as stock market skyrockets on Reliance Jio IPO, IT shares jump - More to come? · Jio IPO: Meta, Google, ADIA, 7 others eye Rs 3.2 lakh crore stake value, gains on investment · Jio IPO Price Band, Valuation: What It Means For RIL And Bharti Airtel · Jio Platforms IPO: Price band announced at Rs 1,065-1,119; set to become India's biggest public issue

Currency, commodities & rates

World

• A 100-bps rate rise could weigh on global growth: What does it mean for Indian exports? Here's what Goldman Sachs says. For India, the findings are relevant because weaker economic activity in major developed markets could affect demand for Indian manufactured goods, including engineering products, machinery and auto components. (Business Today Mkts)
• 'Trump likely to take decision in 10 days or so': Sergio Gor on 100% tariff against India for Russian oil purchases. On September 18 this year, Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 (SRIA) into law. (Business Today Mkts)
• Want to study in UK? Indian students can apply for £10,000 GREAT scholarships. Interested students must visit the British Council's official GREAT Scholarships India webpage and identify the participating university offering funding for their chosen course (Business Today Mkts)

Read more A 100-bps rate rise could weigh on global growth: What does it mean for Indian exports? Here's what Goldman Sachs says · 'Trump likely to take decision in 10 days or so': Sergio Gor on 100% tariff against India for Russian oil purchases · Want to study in UK? Indian students can apply for £10,000 GREAT scholarships

What matters next