Nifty 50 closed at 22,753.20, up 0.68%; Hotels & Restaurants leads, Paints & Building Materials lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.21, rupee weaker by 0.29% on the session
• India VIX: 17.16 (+1.8%)
• Gold (rupee terms): +0.20% on the session, -3.4% over five sessions

Key drivers

Markets

• Stock market prediction for Monday Oct 26: Sensex, Nifty levels, top stocks to watch - Will bulls dance again?. The Nifty 50 fell nearly 2% last week as geopolitical tensions and crude oil volatility weighed on markets, taking year-to-date losses to 13.56%. Analysts see support near 22,300 and resistance at 22,850–22,900. (LiveMint Markets)
• Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY. Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting a milestone of Rs 388 crore for the September quarter. (Economic Times Markets)
• Nifty risks 21,500, HDFC Bank eyes ₹640, IT rally shows fatigue: Anand James. Indian equities could face another leg of weakness unless the Nifty reclaims 22,800 early next week, with the index strategist Anand James warning that a break below the 22,000–22,070 support zone could open the way towards 21,500. (Economic Times Markets)
• Nifty support at 22,500; JSW Cement among 3 weekly stock ideas: Angel One. Nifty 22,500 remains a crucial juncture, a decisive breach below this level could accelerate the decline towards 22,200 on intermediate basis, says Osho Krishan of Angel One. (Business Standard Mkts)

Read more Stock market prediction for Monday Oct 26: Sensex, Nifty levels, top stocks to watch - Will bulls dance again? · Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY · Nifty risks 21,500, HDFC Bank eyes ₹640, IT rally shows fatigue: Anand James · Nifty support at 22,500; JSW Cement among 3 weekly stock ideas: Angel One

Economy & policy

Economy and policy

• Sebi to revamp short-selling, securities lending rules. Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. (Economic Times Markets)
• Mint Explainer: How will Sebi’s relaxed margin rules help brokers?. By eliminating additional margin collections on subsequent trades after early pay-in, Sebi's new rules aim to ease the capital burden on stockbrokers-particularly smaller firms-and streamline same-day cash market reinvestments. (LiveMint Markets)
• 'When Did Rs 1 Crore Become Pocket Change?’: Viral Reddit Post Calls Out Wealth Obsession. The post has gained more than 267 upvotes and over 230 comments, as many people weighed in on the debate. For most, the main concern was inflation. (NDTV Profit)
• RBI may clarify export reporting rules for freelancers, small service exporters. Meeting held last week where exporters raised concerns over reporting in the Export Declaration Form. (Business Today Mkts)

Read more Sebi to revamp short-selling, securities lending rules · Mint Explainer: How will Sebi’s relaxed margin rules help brokers? · 'When Did Rs 1 Crore Become Pocket Change?’: Viral Reddit Post Calls Out Wealth Obsession · RBI may clarify export reporting rules for freelancers, small service exporters

Companies

• Mcap of 8 of top-10 firms erodes by Rs 1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards. Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj Finance were particularly striking. (Economic Times Markets)
• ITC Hotels Q2 Results: Net Profit Jumps 51%; Ebitda Margin Expands To 32%. Markets cheered ITC Hotels' second-quarter scorecard, as shares jumped over 2.5% minutes after the board approved the results. (NDTV Profit)
• Q2 Results Today LIVE: Indian Overseas Bank PAT Jumps 56% To Rs 1,912 Crore, APL Apollo Tubes Net Profit Rises 27% YoY. Q2 Results Today LIVE: Paytm, Tata Consumer Products, ITC Hotels, Indian Overseas Bank, Bank of Maharashtra, REC, Mankind Pharma, Sunteck Realty, Ather Energy, Eris Lifesciences, Nazara Technologies, among other will announce Q2 results today. (NDTV Profit)
• BSE share price rallies 4%; Motilal Oswal upgrades stock to 'Buy'. Thus far in the calendar year 2026, BSE stock outperformed the market by soaring 28% as against a 13% decline in the Nifty 50. (Business Standard Mkts)

Read more Mcap of 8 of top-10 firms erodes by Rs 1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards · ITC Hotels Q2 Results: Net Profit Jumps 51%; Ebitda Margin Expands To 32% · Q2 Results Today LIVE: Indian Overseas Bank PAT Jumps 56% To Rs 1,912 Crore, APL Apollo Tubes Net Profit Rises 27% YoY · BSE share price rallies 4%; Motilal Oswal upgrades stock to 'Buy'

Companies

New issues

• Jio Platforms IPO listing date and time, share price prediction, expected money gains basis GMP, expected m-cap; Details. Jio Platforms’ IPO, which reportedly became India’s most subscribed stock offering, closed on Friday. Allotment is expected on October 26, with a tentative NSE and BSE listing on October 28, 2026, at 10 am. (LiveMint Markets)
• Jio IPO GMP today: All eyes on telecom major’s mega listing this week. What is grey market signalling?. Jio Platforms will list on October 28, with a grey market premium of Rs 247 indicating a potential 22.07% listing gain. The Rs 30,213-crore IPO was subscribed over 22 times, led by strong institutional demand. (Economic Times Markets)
• Paras Healthcare allotment likely today: Check GMP, key details and how to check status. Paras Healthcare IPO allotment is expected to be finalised today after the Rs 1,450-crore issue was subscribed 2.23 times. (ET Stocks)
• Post Jio boost: 5 IPOs to raise Rs 2,581 crore next week alongside India's biggest listing. In a bustling week for the IPO market, five mainboard offerings are set to debut between October 26 and 30, aiming to amass an impressive Rs 2,581 crore. EAAA India Alternatives spearheads the launches, while Jio Platforms makes its entrance on October 28. (Economic Times Markets)

Read more Jio Platforms IPO listing date and time, share price prediction, expected money gains basis GMP, expected m-cap; Details · Jio IPO GMP today: All eyes on telecom major’s mega listing this week. What is grey market signalling? · Paras Healthcare allotment likely today: Check GMP, key details and how to check status · Post Jio boost: 5 IPOs to raise Rs 2,581 crore next week alongside India's biggest listing

Currency, commodities & rates

World

• Indian shares on track for muted open as oil concerns persist, Fed in focus. The Nifty 50 and BSE Sensex fell 2.4% and 2.2%, respectively, last week, declining in all four sessions on surging oil prices and West Asia tensions. (LiveMint Markets)
• JSW MG taps into Chinese parent Saic for 70% of its purchases. Nearly 70% of the joint venture’s purchases in the financial year 2026 came from Saic-linked firms, taking their total business with the Indian carmaker to about $840 million, including royalty and licence fee (LiveMint Companies)
• China's mega dam, India's Siang project: Why are Arunachal locals protesting against it?. The Siang Upper Multipurpose Project is a proposed large hydropower and water-storage project on the Siang River in Arunachal Pradesh (Business Today Mkts)
• AI race beyond US, China: Japan, South Korea emerge as leading AI-ready economies. How India fares. For India, the challenge extends beyond developing AI models or attracting technology investment. It is also about ensuring that AI adoption improves productivity across the economy while preparing workers for changing job requirements. (Business Today Mkts)

Read more Indian shares on track for muted open as oil concerns persist, Fed in focus · JSW MG taps into Chinese parent Saic for 70% of its purchases · China's mega dam, India's Siang project: Why are Arunachal locals protesting against it? · AI race beyond US, China: Japan, South Korea emerge as leading AI-ready economies. How India fares

What matters next