Nifty 50 ended the week at 22888.95, down 1.11%

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

• Sensex falls over 200 pts, Nifty below 23,100. What lies ahead for Dalal Street?. The Indian stock market took a hit on Monday after a considerable rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses. Nevertheless, firms like SBI and UltraTech Cement managed to post gains. (ET Stocks)
• Stock Market Highlights: Sensex Slumps 876 Points, Nifty 50 Ends Below 22,900; Axis Bank, Tata Motors PV, Infosys, Bajaj Fin Losses. Stock Market Highlights: Barring Nifty PSU Bank, all other sectoral indices ended in the red, with Nifty Private Bank, Nifty IT, Nifty FMCG, Nifty Realty and Nifty Auto falling the most. (NDTV Profit)
• Cupid, Sterlite Tech among stocks top 10 equity PMS portfolios hold as Nifty, Sensex plunge up to 13% in 2026. Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive returns in September, ranging from 3.55% to 5.67%. (Economic Times Markets)
• Why are banking stocks falling? Nifty Bank down 1%; Axis, HDFC Bank shares crash up to 5% - What should investors do?. Private bank stocks fell on Monday, pulling the Nifty Bank index down 1%, despite most lenders reporting year-on-year profit growth. Analysts cited high expectations, mixed results, elevated crude prices and foreign investor selling as risks. (LiveMint Markets)

Read more Sensex falls over 200 pts, Nifty below 23,100. What lies ahead for Dalal Street? · Stock Market Highlights: Sensex Slumps 876 Points, Nifty 50 Ends Below 22,900; Axis Bank, Tata Motors PV, Infosys, Bajaj Fin Losses · Cupid, Sterlite Tech among stocks top 10 equity PMS portfolios hold as Nifty, Sensex plunge up to 13% in 2026 · Why are banking stocks falling? Nifty Bank down 1%; Axis, HDFC Bank shares crash up to 5% - What should investors do?

Economy & policy

Economy and policy

• Banks tap RBI's first cash auction in 3 months as market rates spike. The operation comes after several months of the central bank absorbing surplus liquidity that hit a record high ‌due to hefty inflows from diaspora deposits ​mobilised to defend a ​weak rupee (Business Standard Mkts)
• 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)
• Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming. Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. (Economic Times Markets)
• RBI announces $10.5 billion liquidity infusion via repo. The RBI will infuse up to 1 trillion rupees ($10.53 billion) through the operation, which traders said must be to help lenders tide over tax outflows amid tightening of the daily cash reserve requirement. (Economic Times Markets)

Read more Banks tap RBI's first cash auction in 3 months as market rates spike · RBI injects Rs 1 lakh crore as liquidity tightens before festive season · Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming · RBI announces $10.5 billion liquidity infusion via repo

Companies

• Q2 Results Live: Piramal Finance Net Profit Surges 65% ; Hindustan Zinc Net Profit Up 17%. Q2 Results Live: Bajaj Finance, Hindustan Zinc, IREDA, LTTS, and UltraTech Cement are among 35 companies scheduled to announce their Q2 FY27 results today. Track the latest earnings announcements, financial performance and market reaction live on NDTV Profit. (NDTV Profit)
• Q2 results 2026 today Oct 19 Monday: Hindustan Zinc, IREDA, L&T Tech, Union Bank among 35 firms to announce earnings. Indian benchmarks posted a second straight week of gains, with the Nifty and Sensex rising after a sharp recovery. (LiveMint Markets)
• Q2 Results Live: Union Bank Net Profit Zooms 30% YoY To Rs 5,537 Crore; HFCL Revenue More Than Doubles YoY. Q2 Results Live: Bajaj Finance, Hindustan Zinc, IREDA, LTTS, and UltraTech Cement are among 35 companies scheduled to announce their Q2 FY27 results today. Track the latest earnings announcements, financial performance and market reaction live on NDTV Profit. (NDTV Profit)
• ICICI Bank gains 1% post Q2 results; analysts upbeat on asset quality. ICICI Bank reported a 20.1 per cent year-on-year rise in standalone net profit to ₹14,843 crore in the July-September quarter of FY27. (Business Standard Mkts)

Read more Q2 Results Live: Piramal Finance Net Profit Surges 65% ; Hindustan Zinc Net Profit Up 17% · Q2 results 2026 today Oct 19 Monday: Hindustan Zinc, IREDA, L&T Tech, Union Bank among 35 firms to announce earnings · Q2 Results Live: Union Bank Net Profit Zooms 30% YoY To Rs 5,537 Crore; HFCL Revenue More Than Doubles YoY · ICICI Bank gains 1% post Q2 results; analysts upbeat on asset quality

Companies

New issues

• Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate. Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. (Economic Times Markets)
• Jio Platforms IPO: Deven Choksey sees double-return potential in 4-5 years. Jio Platforms IPO: Market expert Deven Choksey sees potential for double returns in 4-5 years. Check rationale, latest GMP, valuation, listing gains and Religare's review. (Business Today Mkts)
• Jio Platforms IPO: GMP hints at 22% listing gains; what top brokerages say — ratings and key risks. Jio Platforms IPO: Grey market premium at new highs. Check brokerage ratings, price band, valuation, growth prospects and key risks before investing. (Business Today Mkts)
• Jio Platforms IPO: Reliance Group set to overtake Tata Group in market cap race; check India's top-5. Jio Platforms IPO: Reliance Group's market cap could reach Rs 28.35 lakh crore, surpassing Tata Group. Check valuations of India's top business houses. (Business Today Mkts)

Read more Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate · Jio Platforms IPO: Deven Choksey sees double-return potential in 4-5 years · Jio Platforms IPO: GMP hints at 22% listing gains; what top brokerages say — ratings and key risks · Jio Platforms IPO: Reliance Group set to overtake Tata Group in market cap race; check India's top-5

Currency, commodities & rates

World

• IMF warns AI market correction could hit India, flags risks to IT and back-office sector. The warning comes as the IMF flags rising sovereign bond yields, potential corrections in AI-driven equity markets and cybersecurity threats as interconnected risks to global financial stability (Business Today Mkts)
• Global Market: South Korea regulator says Solidigm US listing may breach dual-listing rules. South Korean regulators are examining whether a US listing of SK Hynix subsidiary Solidigm would breach dual-listing rules. (Economic Times Markets)
• Jaishankar-Rubio meet today: Trade deal, defence, West Asia crisis, energy cooperation on agenda. Marco Rubio, who is beginning a three-day visit to India, has said the two countries are “very close” to finalising a trade agreement. (Business Today Mkts)
• Redmi K100 Launch Date Confirmed for China: Will It Ever launch in India Buyers Says. Redmi has confirmed the K100 will launch in China on October 27 with a 165Hz display, Bose-tuned speakers and a new green colour. Will Indian buyers ever get it? (NDTV Profit)

Read more IMF warns AI market correction could hit India, flags risks to IT and back-office sector · Global Market: South Korea regulator says Solidigm US listing may breach dual-listing rules · Jaishankar-Rubio meet today: Trade deal, defence, West Asia crisis, energy cooperation on agenda · Redmi K100 Launch Date Confirmed for China: Will It Ever launch in India Buyers Says

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