Pre-market
16 OCT 2026 · 08:02 IST
Nifty 50 opens from 22997.35 after a 1.66% gain
Where the benchmarks left off before today's session. Levels and sector moves from the last close are shown below.
Nifty 50
22,997.35
+1.66%
Close, 16 OCT 2026
Bank Nifty
55,810.5
+0.89%
Close, 16 OCT 2026
Sensex
73,934.77
+1.58%
Close, 16 OCT 2026
The session
Where the market stands
The Nifty 50 goes into the session after a 1.66% gain in the previous one. The Nifty 50 sits in the lowest fifth of its 52-week range, 12.7% below the high.
Foreign institutions were net sellers of ₹5,285 crore in the cash market on 15 October, and domestic institutions net buyers of ₹3,319 crore. Domestic money absorbed the foreign flow, which is why the index moved less than either side's figure would suggest. Over the last 5 sessions foreign institutions were net sellers of ₹13,725 crore.
Key drivers
Market breadth
7 of 24 sectors advanced. Losses outnumbered gains across sectors, so index-level resilience rested on a narrow base. Diversified led and Capital Goods & Engineering lagged, a spread of 3.7 points between the two ends of the market.
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
- 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)
- IT stocks power Dalal Street rally as global AI trade loses steam. The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan. (ET Stocks)
- Nifty sees best day in 4 months, rally remains confined to largecap stocks. Nifty gains 1.66% as IT stocks, private banks and Reliance rally despite a sell-off in Asian technology shares; broader market breadth stays weak, with smallcap indices falling. (Business Standard Mkts)
- Stock Market Live Updates: Sensex Zooms Nearly 1,500 Points, Nifty 50 Atop 23,000; YES Bank Tumbles 8%. Stock Market LIVE: Sectorally, Nifty IT extended gains, up over 2%, followed by Nifty Auto, Nifty Realty, Nifty Private Bank, Nifty Pharma and Nifty FMCG. Selling was seen in Nifty Metal, Nifty PSU Bank and Nifty Media. (NDTV Profit)
Read more TCS, Infosys, HCLTech, Wipro, TechM: IT stocks gain up to 3.5% today; Nifty IT jumps 9% in 3 days; what's driving rally? · IT stocks power Dalal Street rally as global AI trade loses steam · Nifty sees best day in 4 months, rally remains confined to largecap stocks · Stock Market Live Updates: Sensex Zooms Nearly 1,500 Points, Nifty 50 Atop 23,000; YES Bank Tumbles 8%
Economy & policy
Economy and policy
- Sebi revises CAS rules, changes derivatives expiry settlement methodology. Sebi has announced changes to the closing auction session for the equity cash market, which will begin in December 2026. The revised session will run from 3.30 pm to 3.40 pm, with specific phases for order entry. (ET Stocks)
- Sebi writes to Irdai to include insurance data in consolidated statement. Sebi seeks to include insurance and bank deposit details in consolidated account statements to give investors a comprehensive view of their financial assets (Business Standard Mkts)
- Sebi reintroduces VWAP for derivatives expiry after CAS turns markets volatile. CAS, introduced in August, led to abrupt price swings on expiry day, making it difficult for traders to participate in the futures and options (F&O) segment. (LiveMint Markets)
- SEBI Revises CAS Timings; Revises Order Types, Timings And Settlement From Dec 7. Under the revised framework, the reference price for the closing auction will be based on the VWAP of trades executed during the final 15 minutes of continuous trading in the cash market. (NDTV Profit)
Read more Sebi revises CAS rules, changes derivatives expiry settlement methodology · Sebi writes to Irdai to include insurance data in consolidated statement · Sebi reintroduces VWAP for derivatives expiry after CAS turns markets volatile · SEBI Revises CAS Timings; Revises Order Types, Timings And Settlement From Dec 7
Companies
- Ace investor Sunil Singhania adds 6 new stocks in Q2; likely exits two companies after 150% rally. Sunil Singhania’s Abakkus funds added six stocks, including Aether Industries, BEML and Paramount Communications, amid market volatility and foreign investor outflows. (ET Stocks)
- 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)
- L&T Finance Q2: Net Profit Jumps Nearly 33% To Rs 975 Crore, Total Income Also Up 27%. L&T Finance reported a 32.7% year-on-year rise in consolidated net profit to Rs 975 crore in Q2 FY27, while total income increased 27% to Rs 5,484 crore. (NDTV Profit)
- Wipro Q2 results: Net profit falls 2% YoY to ₹3,200 crore; revenue rises 9%. Wipro reported September-quarter revenue of ₹24,752.7 crore, up 1.1% sequentially and 9.0% year-on-year. Consolidated net profit fell 4.7% quarter-on-quarter to ₹3,199.7 crore and declined 1.9% from a year earlier. (LiveMint Markets)
Read more Ace investor Sunil Singhania adds 6 new stocks in Q2; likely exits two companies after 150% rally · Q2 Results Live: Tata Communications Profit Soars Over 86%; Tips Music Declares Dividend · L&T Finance Q2: Net Profit Jumps Nearly 33% To Rs 975 Crore, Total Income Also Up 27% · Wipro Q2 results: Net profit falls 2% YoY to ₹3,200 crore; revenue rises 9%
Companies
New issues
- Pernod Ricard India sales grow 19% in Sept qtr; IPO plan awaits board approval. Pernod Ricard has demonstrated remarkable sales growth of 19 percent in India for the September quarter, driven by strong market demand and ongoing premiumisation trends. The company's preparatory measures for a potential IPO have positively influenced sales. (Economic Times Markets)
- 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 eyes big share of India's digital economy: Akash Ambani ahead of IPO. (BS Companies)
- Uday Kotak in Reliance Jio IPO press conference: Historic issue! RIL to become largest conglomerate by market cap. (LiveMint Companies)
Read more Pernod Ricard India sales grow 19% in Sept qtr; IPO plan awaits board approval · Big surge! Early Diwali for Sensex, Nifty as stock market skyrockets on Reliance Jio IPO, IT shares jump - More to come? · Jio eyes big share of India's digital economy: Akash Ambani ahead of IPO · Uday Kotak in Reliance Jio IPO press conference: Historic issue! RIL to become largest conglomerate by market cap
Currency, commodities & rates
World
- India's trade with West Asia returns to near-normal levels. Goods exports may cross $500 billion this fiscal; gold and silver imports fall sharply (Business Today Mkts)
- 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's New H-1B Visa 'Deference' Move: Could Indian Workers Face Tougher Renewals?. Under the 'deference' principle, USCitizenship and Immigration Services (USCIS) officers typically rely on previous approval decisions when assessing visa extension applications, provided the applicant continues in the same role and the underlying… (NDTV Profit)
- '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)
Read more India's trade with West Asia returns to near-normal levels · A 100-bps rate rise could weigh on global growth: What does it mean for Indian exports? Here's what Goldman Sachs says · Trump's New H-1B Visa 'Deference' Move: Could Indian Workers Face Tougher Renewals? · 'Trump likely to take decision in 10 days or so': Sergio Gor on 100% tariff against India for Russian oil purchases
What matters next
Today's Indian trading session is the one this report looks ahead to.
On the calendar: TCS, Infosys, HCLTech, Wipro, TechM: IT stocks gain up to 3.5% today; Nifty IT jumps 9% in 3 days; what's driving rally?; L&T Finance Q2: Net Profit Jumps Nearly 33% To Rs 975 Crore, Total Income Also Up 27%; Wipro Q2 results: Net profit falls 2% YoY to ₹3,200 crore; revenue rises 9%.
Market internals
Advances and declines
of 25 sectors
Broad: most sectors fell.
52-week position
Where each close sits between its own year’s low and high.