Nifty 50 closed at 22,749.75, down 0.02%; Telecom & Media leads, Cement & Construction lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.12, rupee weaker by 0.19% on the session
• India VIX: 16.40 (-4.4%)
• Gold (rupee terms): -0.42% on the session, -3.5% over five sessions

Key drivers

Markets

• Stocks in news: Paytm, Tata Consumer, Dalmia Bharat, REC and DCM Shriram. Indian equity markets showed recovery with a rise in NSE Nifty 50, ending a four-session losing streak. Several companies reported their September-quarter earnings, highlighting varying financial performances. (ET Stocks)
• IT stocks crash! Infosys, TCS, Wipro, HCL Tech - Nifty IT tanks over 2% today, biggest sectoral loser - What lies ahead?. Indian IT stocks fell sharply on October 27, with the Nifty IT index down 2.3%, as investors weighed AI-driven disruption, global uncertainty and elevated valuations. (LiveMint Markets)
• Stock Market Today: Sensex Falls Over 200 Points, Nifty 50 Around 22,700; F&O Expiry, Q2 Results In Focus. Among sectors, Nifty IT, Nifty FMCG, Nifty Oil & Gas and Nifty Private Bank indices witnessed losses, while Nifty Auto, Nifty Pharma, Nifty PSU Bank and Nifty Realty were in the green. (NDTV Profit)
• Market wrap: Dr Reddys, JSW Steel, Shriram Finance, Tata Consumer top gainers and losers on Nifty and Sensex on Monday. Indian equity markets snapped a four-day losing streak as Sensex and Nifty rebounded, supported by broad-based buying. Dr Reddy’s and JSW Steel led gainers, while rising India VIX signalled continued volatility and technical concerns about downside risks. (ET Stocks)

Read more Stocks in news: Paytm, Tata Consumer, Dalmia Bharat, REC and DCM Shriram · IT stocks crash! Infosys, TCS, Wipro, HCL Tech - Nifty IT tanks over 2% today, biggest sectoral loser - What lies ahead? · Stock Market Today: Sensex Falls Over 200 Points, Nifty 50 Around 22,700; F&O Expiry, Q2 Results In Focus · Market wrap: Dr Reddys, JSW Steel, Shriram Finance, Tata Consumer top gainers and losers on Nifty and Sensex on Monday

Economy & policy

Economy and policy

• Finance ministry weighs options on LTCG tax, decision likely in Union Budget 2027-28. The Centre explores LTCG tax relief to stem foreign fund outflows, but ensuring parity between domestic and overseas investors remains a key challenge. (Business Today Mkts)
• Sebi’s revised closing auction framework raises hopes of revenue revival for brokers. Stockbrokers hit by declining derivative volumes expect Sebi’s restored VWAP pricing rules to bring revenues back to pre-disruption levels. (LiveMint Markets)
• India Eyes $200-Billion Data Centre Investments In Eight Years, GDP Target At $30-Tn By 2047: Piyush Goyal. India expects $200 billion in data centre investments over the next eight years as it targets a $30-trillion economy by 2047. Commerce Minister Piyush Goyal also projected 7.5% economic growth this year. (NDTV Profit)
• TN Monsoon Fury: 14 Killed By Lightning, 62 Landslides Reported In Nilgiris; Tourists Barred From Hill Stations. Families of those killed by lightning will receive Rs 4 lakh in compensation as heavy rainfall disrupts several districts across Tamil Nadu. (NDTV Profit)

Read more Finance ministry weighs options on LTCG tax, decision likely in Union Budget 2027-28 · Sebi’s revised closing auction framework raises hopes of revenue revival for brokers · India Eyes $200-Billion Data Centre Investments In Eight Years, GDP Target At $30-Tn By 2047: Piyush Goyal · TN Monsoon Fury: 14 Killed By Lightning, 62 Landslides Reported In Nilgiris; Tourists Barred From Hill Stations

Companies

• Yes Bank among 6 stocks to hit 52-week lows and fall up to 32% in a month. Despite the Sensex gaining 483 points to close at 73,606, six BSE 100 stocks hit fresh 52-week lows. Yes Bank led monthly declines, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products. (Economic Times Markets)
• Ather Energy extends rally, EV stock surges 20% in 2 days; here's why. Ather Energy: Overall, the outlook is positive, with volume growth, Konarc's market acceptance and sustained profitability being the key triggers to watch, say analysts at ICICI Securities. (Business Standard Mkts)
• Tata Consumer Products Q2 Results: Net Profit, Revenue Beat Estimates; Margin Expands To 14%. EBITDA increased 19.7% to Rs 804 crore from Rs 671 crore. The figure was higher than the estimate of Rs 769 crore. EBITDA margin expanded to 14.2% from 13.5% a year earlier, beating the estimate of 13.8%. (NDTV Profit)
• Bharti Airtel share price up 3%; rallies 12% in October, outperforms market. With expectations of a tariff hike soon after Jio's IPO, Motilal Oswal Financial Services expects strong earnings delivery, which could also lead to potential multiple re-rating for Bharti and JPL. (Business Standard Mkts)

Read more Yes Bank among 6 stocks to hit 52-week lows and fall up to 32% in a month · Ather Energy extends rally, EV stock surges 20% in 2 days; here's why · Tata Consumer Products Q2 Results: Net Profit, Revenue Beat Estimates; Margin Expands To 14% · Bharti Airtel share price up 3%; rallies 12% in October, outperforms market

Companies

New issues

• Already investing in Reliance shares or mutual funds? Do you need additional Jio IPO exposure?. Investors considering the Jio Platforms IPO should assess whether they already have exposure to Reliance Industries through direct shares or mutual funds tracking the Nifty 50 and Sensex. (Business Today Mkts)
• Jio IPO falls short of record payday for bankers despite mega issue. Jio Platforms is paying 19 banks about ₹196 crore in fees for its $3.1 billion IPO, just 0.65% of the issue size, as fierce competition squeezes investment banking earnings. (Business Standard Mkts)
• Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium. Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey market premium of around 22%. The Rs 30,213-crore issue was subscribed 22.19 times, led by strong institutional demand. (ET Stocks)
• Jio Financial Services share price decoded: Reliance stock performance amid Jio Platforms IPO buzz; target, outlook. Reliance's Jio Platforms IPO: According to market experts, the Jio Platforms IPO impact on the Jio Financial Services stock is indirect. (LiveMint Markets)

Read more Already investing in Reliance shares or mutual funds? Do you need additional Jio IPO exposure? · Jio IPO falls short of record payday for bankers despite mega issue · Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium · Jio Financial Services share price decoded: Reliance stock performance amid Jio Platforms IPO buzz; target, outlook

Currency, commodities & rates

World

• Global Market: Japan’s Nikkei rises nearly 2% on AI optimism, Anthropic IPO filing. Japan’s Nikkei surged nearly 2%, snapping a three-session losing streak, as Anthropic’s US IPO plans and gains in American semiconductor stocks boosted AI-linked shares such as Advantest, SoftBank and Tokyo Electron. (Economic Times Markets)
• Indian shares seen lower as oil stays near six-month high, Fed in focus. The Nifty 50 and BSE Sensex rose 0.7% on Monday, snapping a four-session losing streak, helped by post-earnings gains in select stocks. (LiveMint Markets)
• US Stock Market Today: Dow Jones, Nasdaq Jump On Anthropic IPO Interest, Falling Oil Prices. Oil prices moved lower, with Brent crude futures falling 1.4% to $115.02 a barrel and US West Texas Intermediate declining 2% to $101.01 a barrel. (NDTV Profit)
• UK’s Renewed Appeal Runs Into a Tough Budget Test. This week’s UK budget looms as a major test for the country’s stocks, just as the market gains renewed appeal among global investors. (LiveMint Markets)

Read more Global Market: Japan’s Nikkei rises nearly 2% on AI optimism, Anthropic IPO filing · Indian shares seen lower as oil stays near six-month high, Fed in focus · US Stock Market Today: Dow Jones, Nasdaq Jump On Anthropic IPO Interest, Falling Oil Prices · UK’s Renewed Appeal Runs Into a Tough Budget Test

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