Nifty 50 opens from 22,888.95 after a 1.11% decline

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 94.92, rupee weaker by 0.41% on the session
• India VIX: 14.71 (+4.6%)
• Gold (rupee terms): -0.31% on the session, -1.2% over five sessions

Key drivers

Markets

• Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan Zinc. Indian equity benchmarks experienced a decline as profit-booking occurred amid rising crude oil prices. The Nifty 50 dropped significantly, closing at 22,889 after disappointing corporate earnings. (Economic Times Markets)
• Unlisted share market struggles to regain momentum as NSE exits the trading scene. Following the National Stock Exchange's recent listing, the unlisted share market has encountered a substantial reduction in trading activity, with brokers reporting nearly a 50% drop in average daily transactions. (ET Stocks)
• NSE exit triggers sharp slowdown in unlisted share trading. Following the National Stock Exchange's recent listing, the unlisted share market has encountered a substantial reduction in trading activity, with brokers reporting nearly a 50% drop in average daily transactions. (Economic Times Markets)
• Ahead of Market: 10 things that will decide stock market action on Wednesday. Indian markets plunged on Monday as the Sensex fell nearly 900 points and the Nifty dropped below 22,900, wiping out nearly Rs 5 lakh crore in market value. Private bank selling, weak global cues and earnings uncertainty weighed on sentiment. (Economic Times Markets)

Read more Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan Zinc · Unlisted share market struggles to regain momentum as NSE exits the trading scene · NSE exit triggers sharp slowdown in unlisted share trading · Ahead of Market: 10 things that will decide stock market action on Wednesday

Economy & policy

Economy and policy

• RBI injects Rs 1 lakh crore as liquidity tightens before festive season. On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since late July after the weighted average call rate (WACR) at 5.67% on Monday, or 17 basis points higher than the repo rate of 5.50%. (ET Stocks)
• The Liquidity Paradox: Why FM Sitharaman Says Deep Cash Pools Accelerate Stock Exits. In an interview with CNBC on the sidelines of the IMF-World Bank meetings in Bangkok, Finance Minister Nirmala Sitharaman said India's deep equity-market liquidity has made it easier for foreign investors to exit, even as domestic capital continues to support… (NDTV Profit)
• ₹104-crore pilot project, 40 locations: Delhi govt works on new plan to tackle pollution. The project will run for one year initially. Operators have four weeks to install and commission their equipment after site handover. (Business Today Mkts)

Read more RBI injects Rs 1 lakh crore as liquidity tightens before festive season · The Liquidity Paradox: Why FM Sitharaman Says Deep Cash Pools Accelerate Stock Exits · ₹104-crore pilot project, 40 locations: Delhi govt works on new plan to tackle pollution

Companies

• Sun Pharma to raise Rs 10,000 crore to part-finance Organon deal. Sun Pharmaceutical Industries plans to raise ₹10,000 crore through two tranches of rupee-denominated bonds. The funds will help refinance bridge loans taken for the Organon acquisition valued at $11.75 billion. (Economic Times Markets)
• Eternal share: What to expect from Zomato parent’s Q2 results 2026 as Blinkit growth stays strong. Brokerages expect Eternal, parent of Zomato and Blinkit, to report strong September-quarter growth, with improved margins, market-share gains and rapid Blinkit expansion. (LiveMint Markets)
• IndusInd General Insurance names Sharad Mathur as Managing Director & CEO. IndusInd General Insurance Company Ltd (formerly Reliance General Insurance), part of IndusInd International Holdings Ltd (IIHL) Group, on Tuesday announced the appointment of Sharad Mathur as its Managing Director & CEO, following statutory approvals. (BS Companies)
• SBI data breach claim: Hackers allegedly access 3.75 lakh accounts. "The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. (ET Stocks)

Read more Sun Pharma to raise Rs 10,000 crore to part-finance Organon deal · Eternal share: What to expect from Zomato parent’s Q2 results 2026 as Blinkit growth stays strong · IndusInd General Insurance names Sharad Mathur as Managing Director & CEO · SBI data breach claim: Hackers allegedly access 3.75 lakh accounts

Companies

New issues

• Big-ticket IPOs have struggled to deliver bumper listing gains. Can Mukesh Ambani backed Reliance Jio buck the trend?. Several of India’s biggest IPOs, including those of Hyundai Motor India, LIC and Paytm, delivered weak or modest listing gains. (LiveMint Markets)
• Jio Platforms IPO: From 14th spot to telecom leader, how Jio transformed India’s digital landscape. Jio Platforms IPO: From disrupting India’s telecom market to building a global technology business, explore its subscribers, 5G leadership, expansion plans and IPO details. (Business Today Mkts)
• Can Jio Platforms IPO deliver long-term growth for high-risk investors?. Jio Platforms, leading India's largest IPO, presents a compelling investment avenue for everyday investors. Despite its massive telecom customer base of 533 million, revenue per user still trails behind Bharti Airtel. (Economic Times Markets)
• Jio IPO has lenders, brokerages pushing retail participation with loans, marketing reach out. After attracting global institutions as anchor investors, Jio Platforms is next targeting retail buyers in India’s largest IPO. Non-banks and brokerages are into a marketing overdrive and offering short-term financing amidst strong grey-market interest. (LiveMint Markets)

Read more Big-ticket IPOs have struggled to deliver bumper listing gains. Can Mukesh Ambani backed Reliance Jio buck the trend? · Jio Platforms IPO: From 14th spot to telecom leader, how Jio transformed India’s digital landscape · Can Jio Platforms IPO deliver long-term growth for high-risk investors? · Jio IPO has lenders, brokerages pushing retail participation with loans, marketing reach out

Currency, commodities & rates

World

• Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned. Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure. (Economic Times Markets)
• Global Market Today: Asian shares, US futures rise on AI-trade revival. The MSCI Asia Pacific Index climbed 0.6% with shares gaining in South Korea and Japan. The Kospi Index rose 1.9%, rebounding after one of the country’s worst IPO debuts on record. (Economic Times Markets)
• Global stocks fall as AI spending concerns resurface, oil prices surge. Global equities declined as concerns over AI infrastructure spending resurfaced after a weak South Korean IPO, while Brent crude topped $111 amid renewed geopolitical risks (Business Standard Mkts)
• Trump Says US Trade Deal With India Is 'Pretty Close'. The president said it "could be a much different kind of deal," without elaborating. (NDTV Profit)

Read more Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned · Global Market Today: Asian shares, US futures rise on AI-trade revival · Global stocks fall as AI spending concerns resurface, oil prices surge · Trump Says US Trade Deal With India Is 'Pretty Close'

What matters next