Nifty 50 closed at 22,698.85, down 0.22%; Consumer Durables leads, Oil & Energy lags

The session

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.22, rupee weaker by 0.03% on the session
• India VIX: 16.25 (-0.9%)
• Gold (rupee terms): +1.29% on the session, -0.8% over five sessions

Key drivers

Markets

• Stock Market Highlights: Sensex Ends 353 Points Lower, Nifty At 22,699; Broader Indices Outperform. Stock Market Highlights: Among individual stocks, L&T, Trent, and SBI were among the top gainers, while RIL, Infosys and Tech Mahindra emerged as the top laggards. (NDTV Profit)
• Kotak adds 5 new midcap stocks which fell up to 16% in one month to its model portfolio. Take a look. In response to recent market fluctuations, Kotak Institutional Equities has revamped its model portfolio, strategically introducing five mid-cap stocks that have seen notable price reductions. (ET Stocks)
• Stock Market LIVE: GIFT Nifty tanks 150 points as oil tops $115; Jio Platforms listing in focus. Sensex Today Stock Market LIVE Updates Wednesday: The GIFT Nifty indicated a gap-down open for the Nifty 50 index. Asian markets were trading higher in early deals (Business Standard Mkts)
• Markets end flat ahead of Fed decision; FPIs buy shares worth ₹4,240 crore. Benchmark stock indices Sensex and Nifty closed largely unchanged in a highly volatile trade on Tuesday amid profit-taking in IT and blue-chip banking shares, elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision. (Business Standard Mkts)

Read more Stock Market Highlights: Sensex Ends 353 Points Lower, Nifty At 22,699; Broader Indices Outperform · Kotak adds 5 new midcap stocks which fell up to 16% in one month to its model portfolio. Take a look · Stock Market LIVE: GIFT Nifty tanks 150 points as oil tops $115; Jio Platforms listing in focus · Markets end flat ahead of Fed decision; FPIs buy shares worth ₹4,240 crore

Economy & policy

Economy and policy

• India's growth momentum stays resilient despite global headwinds: RBI Deputy Governor Poonam Gupta. Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. (ET Stocks)
• No standardised CAS template worldwide: Sebi Whole-time Member K V R Murty. At the BFSI Insight Summit 2026, Sebi's KVR Murty said retail F&O traders may need additional guardrails, while stressing investor awareness, market integrity and technology-led oversight (Business Standard Mkts)
• Sebi extends deadline for debenture trustees to comply with norms till April 2027. Sebi has extended the deadline for debenture trustees to comply with regulatory requirements by six months. The new deadline for compliance is now set for April 27, 2027. (Economic Times Markets)
• GST officers told to split multi-yr tax notices, substantiate fraud claims. CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution (BS Companies)

Read more India's growth momentum stays resilient despite global headwinds: RBI Deputy Governor Poonam Gupta · No standardised CAS template worldwide: Sebi Whole-time Member K V R Murty · Sebi extends deadline for debenture trustees to comply with norms till April 2027 · GST officers told to split multi-yr tax notices, substantiate fraud claims

Companies

• United Breweries Q2 Results: Profit jumps nearly 3 times to Rs 134 crore on volume growth, premiumisation. United Breweries Ltd experienced a nearly three-fold increase in net profit for the September quarter. The company's revenue from operations rose by 23.7 percent year-on-year, reflecting strong market performance. (ET Stocks)
• Bajaj Auto Q2 results: Standalone profit rises 35% to ₹3,354 crore. Bajaj Auto on Tuesday reported a 35 per cent jump in standalone profit after tax to Rs 3,354 crore in the three months to September compared to the corresponding quarter of the last financial year. (BS Companies)
• Global Market: UBS Q3 profit rises 8% to $2.69 billion, accelerates buyback plan. ETMutualFunds identifies Axis, SBI, Kotak and Nippon India small-cap funds using parameters such as rolling returns, consistency, downside risk, outperformance and asset size. (Economic Times Markets)
• Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%. Adani Ports Q2 Results: The company’s revenue from operations came in at Rs 11,340 crore, a 24% surge from Rs 9,167 crore in the corresponding quarter of the previous financial year. (ET Stocks)

Read more United Breweries Q2 Results: Profit jumps nearly 3 times to Rs 134 crore on volume growth, premiumisation · Bajaj Auto Q2 results: Standalone profit rises 35% to ₹3,354 crore · Global Market: UBS Q3 profit rises 8% to $2.69 billion, accelerates buyback plan · Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%

Companies

New issues

• Jio IPO listing today LIVE updates: Mukesh Ambani-led Reliance company NSE, BSE debut at 10 am | Will there be profit?. Jio Platforms IPO Listing Live: The grey amrket is signalling up to ₹260 per share listing gain, say market observers (LiveMint Markets)
• Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street. In a landmark event, Jio Platforms' shares are set to launch in the stock market today after a historic IPO. The exceptional investor demand is underscored by a strong grey market premium, signaling optimistic initial pricing. (Economic Times Markets)
• Jio IPO listing ceremony: Response surpassed our expectations, says Akash Ambani, MD of Jio Platforms Limited. Akash Ambani said demand for Jio Platforms’ IPO exceeded expectations, thanking shareholders and expressing confidence in the company’s future. (LiveMint Companies)
• M.K. Sons Fine Jewels IPO opens today: Check GMP, key details. Should you subscribe?. M.K. Sons Fine Jewels’ Rs 275.40-crore IPO opens for subscription on October 28 and closes on October 30, with a grey market premium of around 6%, indicating modest listing-gain expectations. (Economic Times Markets)

Read more Jio IPO listing today LIVE updates: Mukesh Ambani-led Reliance company NSE, BSE debut at 10 am | Will there be profit? · Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street · Jio IPO listing ceremony: Response surpassed our expectations, says Akash Ambani, MD of Jio Platforms Limited · M.K. Sons Fine Jewels IPO opens today: Check GMP, key details. Should you subscribe?

Currency, commodities & rates

World

• India bonds sink on oil spike before Fed decision. Indian government bonds experienced a significant decline after a prior rally due to rising oil prices. Brent crude oil prices increased following concerns over supply disruptions in Saudi Arabia. (Economic Times Markets)

Read more India bonds sink on oil spike before Fed decision

What matters next