Verified edition generated: Wednesday, October 28, 2026 · 02:40 AM IST · Covers the session of Tuesday, October 27, 2026 and today’s pre-market cues. 28 stories.
Section 1: Benchmark dashboard (Oct 27 close)
| Benchmark | Close | Change | Open / High / Low | Source |
|---|---|---|---|---|
| Nifty 50 | 22,749.75 | −3.45 (−0.02%) | 22,708.80 / 22,829.75 / 22,636.85 | Google Finance · Dhan |
| Bank Nifty | 53,974.90 | −391.80 (−0.72%) | 54,420.70 / 54,654.05 / 53,951.20 | Google Finance · Dhan |
| Sensex | 73,598.67 | −8.08 (−0.01%) | 73,484.38 / 73,762.98 / 73,179.41 | Google Finance · Dhan |
| India VIX | 16.40 | −0.76 (−4.41%) | 17.16 / 17.49 / 16.25 | Google Finance · Dhan |
| Nifty Midcap 100 | 57,029.90 | +1.00% | 56,509.25 / 57,126.20 / 56,366.20 | Yahoo Finance |
| Nifty Smallcap 100 | 18,468.70 | +483.70 (+2.69%) | — | Bajaj Broking |
| Sector (Nifty) | Move | Sector (Nifty) | Move | |
|---|---|---|---|---|
| Media | +3.5% to +3.7% | FMCG | +0.74% | |
| Realty | +1.94% | Metal | +0.64% | |
| Pharma | +1.91% | Private Bank | −0.73% | |
| Auto | +1.48% | Financial Services | −0.62% | |
| Bank | −0.72% | Cement | −2.03% |
Sector moves: Money9; Nifty Media is reported as +3.54% by DSIJ and +3.66% by Money9.
Other cues: USD/INR about 95.1 (95.06–95.12 in Tuesday reports; Trade Brains) · Brent about $113.9, down 1.6% (Trading Economics) · MCX gold about ₹1,42,519, down 0.4% (Trade Brains, 5:25 PM IST) · India 10-year G-Sec about 7.49% (Trading Economics).
Section 2: Market action and trade setup (Stories 1–5)
Story 1: Bajaj Broking trade setup for Oct 28: Nifty forms a high-wave candle on monthly expiry; 22,830 holds the key
Nifty closed 3.45 points lower at 22,749.75 on Tuesday’s monthly expiry, forming a high-wave candle with a small real body and shadows on both sides, after a roughly 200-point intraday range. Bajaj Broking says a move above Tuesday’s high of 22,830 opens a pullback towards 23,000 and 23,175 (last week’s high and the 50-day EMA). Failure to clear 22,830 extends the three-session consolidation between 22,370 and 22,830, with immediate support at 22,500–22,630 and resistance at 22,830 and 22,950.
5paisa places immediate resistance at 22,824–22,830, then 23,076.90, with support at 22,636.85 and major support at 22,221.85. Daily RSI is 46.00, hourly RSI 53.83 and 15-minute RSI 54.33. Moneycontrol’s full checklist: Trade Setup for October 28: Top 15 things to know before the opening bell.
Story 2: Bank Nifty slips 0.72% to 53,974.90 as HDFC Bank and ICICI Bank weigh
While Nifty and Sensex ended flat, Bank Nifty fell 391.80 points to 53,974.90, closing near its day’s low of 53,951.20 after touching 54,654.05. Heavyweights HDFC Bank (−1.14% to ₹680.20) and ICICI Bank (−1.15% to ₹1,386.90) dragged the index; Nifty Private Bank lost 0.73%. India VIX eased 4.41% to 16.40.
Story 3: Broader market outperforms: Smallcap 100 jumps 2.69%, Midcap 100 gains 1%
Beneath flat benchmarks, the Nifty Smallcap 100 rose 483.70 points (+2.69%) to 18,468.70 and the Midcap 100 gained 1% to 57,029.90. Media led the sectors, followed by Realty (+1.94%), Pharma (+1.91%) and Auto (+1.48%); Cement (−2.03%) was the weakest. BSE 500 breadth was strongly positive at 351 advances to 144 declines (MarketsMojo). Nifty 50 breadth was split 25:25 (5paisa).
Story 4: Top movers on Oct 27: Sun TV +10.9%, Sona BLW +8.9%, Ather +6.3%; Redington −2.4%
| Stock | Close (₹) | Move | Stock | Close (₹) | Move | |
|---|---|---|---|---|---|---|
| Sun TV | 634.55 | +10.9% | Maruti Suzuki | 11,450 | +2.0% | |
| Sona BLW | 851.85 | +8.9% | BEL | 367.95 | +1.4% | |
| Ather Energy | 1,674 | +6.3% | DLF | 671 | +1.3% | |
| Bank of Maharashtra | 80.00 | +5.1% | Sun Pharma | 1,751.20 | +0.6% | |
| Bajaj Auto | 10,390 | +3.2% | Dixon | 11,233 | +0.6% | |
| Bharti Airtel | 1,978.80 | +3.2% | Redington | 358.10 | −2.4% | |
| Zee Entertainment | 64.58 | +0.5% | Cipla | 1,350 | −0.4% |
Closing prices from screener data stamped “as on October 27, 2026”; confirm against the exchange before trading.
Story 5: Stocks in focus for Wednesday: Jio Platforms and Paras Healthcare debut; Maruti, Bajaj Auto and Cipla react to Q2
Two listings anchor Wednesday’s session: Reliance Jio Platforms and Paras Healthcare (Stories 12–13). Maruti Suzuki, Bajaj Auto and Cipla reported Q2 numbers on Tuesday (Stories 6–8). Defence names stay in focus after the Defence Acquisition Council cleared proposals worth about ₹2.12 lakh crore; BEL rose about 1.5% (Trade Brains).
Section 3: Q2 FY27 earnings scorecard (Stories 6–11)
| Company | Q2 net profit | Revenue / NII | Key detail |
|---|---|---|---|
| Maruti Suzuki | ₹2,466.1 Cr consolidated (−26.4%) | ₹53,355.5 Cr (+26%) | EBITDA margin 9.4%; record 6,96,654 units |
| Bajaj Auto | ₹3,353.76 Cr standalone (+35%) | Exports 7,78,528 units (+40–41%) | EBITDA margin 20.9% |
| Cipla | ₹878 Cr consolidated (−35%) | ₹7,404 Cr (−2.4%) | Record India sales ₹3,516 Cr (+12%) |
| HDFC Bank | ₹19,510 Cr (+4.7%) | NII ₹34,620 Cr (+9.7%) | NIM 3.16%; GNPA 1.11% |
| ICICI Bank | ₹14,843 Cr standalone (+20.1%) | Consolidated PAT ₹16,333 Cr (+22.3%) | NIM 4.18% |
| Axis Bank | ₹7,003 Cr (+38%) | NII ₹15,371 Cr (+11.8%) | NIM 3.36% |
| Infosys | ₹7,823 Cr (+6.2%) | — | Interim dividend ₹26; record date Nov 3 |
| Tech Mahindra | ₹1,586 Cr (+32.7%) | ₹16,180 Cr (+15.6%) | EBIT margin 14.8%; ₹15 dividend; 1:1 bonus |
| TCS (reported Oct 8) | ₹13,884 Cr (about +15%) | ₹73,188 Cr | AI revenue run-rate about $3.1 billion |
| Himadri Speciality | ₹231.3 Cr (+31.3%) | ₹1,691 Cr (+57.9%) | H1 profit ₹460 Cr (+29%) |
| PC Jeweller | ₹330.66 Cr (+58%) | ₹1,054.47 Cr (+27.8%) | Operating EBITDA +74.1% |
Story 6: Maruti Suzuki Q2: net profit falls 26% to ₹2,466 crore even as revenue jumps 26%
Maruti Suzuki’s consolidated net profit fell 26.4% to ₹2,466.1 crore (standalone ₹2,415 crore, −26.9%) despite record quarterly volumes of 6,96,654 units (+26.5%) and consolidated revenue of ₹53,355.5 crore (+26%). Operating EBITDA margin fell 330 basis points to 9.4% on higher commodity costs and West Asia–linked pressures (Forbes India). The results came after Tuesday’s session, in which the stock had risen about 2% to ₹11,450.
Story 7: Bajaj Auto Q2: net profit rises 35% to ₹3,354 crore as revenue crosses ₹20,000 crore
Bajaj Auto’s standalone profit rose 35% to ₹3,353.76 crore (consolidated ₹3,436.10 crore, +62%), helped by exports of 7,78,528 units (+40–41%). EBITDA rose 37% to ₹4,172 crore at a 20.9% margin (Forbes India). The stock had closed about 3.2% higher at ₹10,390 before the results.
Story 8: Cipla Q2 profit falls 35% to ₹878 crore despite record India sales
Cipla’s consolidated net profit fell 35% to ₹878 crore (from ₹1,351 crore) as revenue slipped 2.4% to ₹7,404 crore and EBITDA margin fell to 18.7% from 25%, with the US business weighing. India sales hit a record ₹3,516 crore (+12%) (GoodReturns). The stock ended about 0.4% lower near ₹1,350.
Story 9: Private banks in Q2: HDFC Bank profit +5% to ₹19,510 crore, ICICI Bank +20.1%, Axis Bank +38%
Despite Tuesday’s selling in the two largest private lenders, their Q2 numbers were solid. HDFC Bank earned ₹19,510 crore (+4.7%) on NII of ₹34,620 crore (+9.7%), with a 3.16% NIM, 1.11% gross NPA and advances up 16.3%. ICICI Bank’s standalone profit rose 20.1% to ₹14,843 crore (consolidated ₹16,333 crore, +22.3%) with a 4.18% NIM. Axis Bank’s profit jumped 38% to ₹7,003 crore on NII of ₹15,371 crore (+11.8%) and a 3.36% NIM.
Story 10: IT scorecard: Infosys ₹26 dividend, profit +6.2%; Tech Mahindra +33% with 1:1 bonus; TCS +15%
Infosys earned ₹7,823 crore (+6.2%) and declared a ₹26 interim dividend (record date November 3, payment November 11). Tech Mahindra’s profit rose 32.7% to ₹1,586 crore on revenue of ₹16,180 crore (+15.6%), with a 14.8% EBIT margin, a ₹15 dividend and a recommended 1:1 bonus. TCS, which reported on October 8, earned ₹13,884 crore (about +15%) on revenue of ₹73,188 crore, with its AI revenue run-rate at about $3.1 billion.
Story 11: Midcap results: Himadri profit +31% to ₹231 crore; PC Jeweller +58% to ₹331 crore; Cyient ₹12 dividend
Himadri Speciality Chemical posted Q2 profit of ₹231.3 crore (+31.3%) on revenue of ₹1,691 crore (+57.9%); H1 profit was ₹460 crore (+29%). PC Jeweller’s profit rose 58% to ₹330.66 crore on revenue of ₹1,054.47 crore, with operating EBITDA up 74.1%. Cyient declared a ₹12 interim dividend with its Q2 results on October 22 (record date October 28).
Section 4: Jio Platforms listing and the IPO pipeline (Stories 12–14)
| Issuer | Type | Size | Price band | Subscription | Status |
|---|---|---|---|---|---|
| Reliance Jio Platforms | Mainboard IPO | ₹30,188 Cr | ₹1,065–1,119 (final ₹1,119) | 22.19x | Lists today, Oct 28 |
| Paras Healthcare | Mainboard IPO | ₹1,450 Cr | ₹660–693 | 2.34x | Lists today, Oct 28 |
| Zetwerk Manufacturing | Mainboard IPO | ₹5,012.33 Cr | ₹143–151 | — | Closed Oct 19 |
| Bonfiglioli Transmissions | Offer for sale | ₹2,533.81 Cr | ₹558–586 | — | Closed Oct 19 |
| Cemindia Projects | QIP | ₹1,400 Cr | ₹1,108 per share | about 2.3x | Allotted Oct 19 |
Story 12: Jio Platforms IPO price fixed at ₹1,119 after 22x subscription; ₹10.3 lakh crore valuation ahead of listing
Reliance Jio Platforms lists on NSE and BSE today, October 28. The ₹30,188 crore issue (Chittorgarh) was priced at the top of its ₹1,065–1,119 band, valuing the company at about ₹10.3 lakh crore (about $106 billion). It was subscribed 22.19 times: QIB 70.55x, NII 14.00x, RIL shareholders 7.60x, retail 2.72x. Bids were worth about ₹4.9 lakh crore excluding the anchor book (FinTech BizNews). Of the proceeds, ₹27,500 crore goes to prepaying borrowings of Reliance Jio Infocomm. The unofficial grey-market premium ranged about ₹238–248 (about 22%) over the past week (ET). Analysts quoted by Moneycontrol favour a buy-and-hold approach.
Story 13: Paras Healthcare IPO lists today after 2.34x subscription
Hospital chain Paras Healthcare also lists today. The ₹1,450 crore issue (₹500 crore fresh, ₹950 crore offer for sale) was priced at ₹660–693 and subscribed 2.34 times on day three: QIB 3.25x, retail 2.10x, NII 0.69x (ET).
Story 14: Recent issues: Zetwerk ₹5,012 crore, Bonfiglioli ₹2,534 crore, Cemindia ₹1,400 crore QIP
Zetwerk Manufacturing’s ₹5,012.33 crore IPO (₹143–151) and Bonfiglioli Transmissions’ ₹2,533.81 crore offer for sale (Groww) both ran October 15–19. Cemindia Projects allotted 1.26 crore shares at ₹1,108 in a ₹1,400 crore QIP on October 19 (company filing summary).
Section 5: Banking, bonds and the AT-1 verdict (Stories 15–16)
Story 15: Supreme Court upholds quashing of Yes Bank’s ₹8,415 crore AT-1 bond write-off
On October 15 the Supreme Court dismissed appeals and upheld the Bombay High Court’s quashing of Yes Bank’s March 2020 write-off of ₹8,415 crore of AT-1 bonds. Yes Bank, which reported Q2 profit of ₹1,080 crore (+65%), has flagged an indicative pro-forma hit of ₹5,217 crore that would take its CET-1 ratio to about 11.4% from 13.7% (LoansJagat). Kotak Mutual Fund paused fresh investments in two schemes that hold the restored bonds (Outlook Business).
Story 16: India 10-year G-Sec near 7.49%, close to a three-year high, as the Fed meets
India’s 10-year government bond yield stood at about 7.49% on October 27, near a three-year high and up from about 7.4% in mid-October, after the RBI raised the repo rate to 5.50% on October 7. Bond markets are waiting for the US Federal Reserve’s decision (Story 25).
Section 6: Institutional flows (Stories 17–18)
| Date | FII buy | FII sell | FII net | DII buy | DII sell | DII net |
|---|---|---|---|---|---|---|
| Oct 27 (Tue) | 24,517.60 | 20,277.30 | +4,240.40 | 15,702.70 | 16,952.80 | −1,250.00 |
| Oct 26 (Mon) | 9,324.90 | 10,787.39 | −1,462.49 | 17,389.57 | 14,780.00 | +2,609.57 |
| Oct 23 (Fri) | 14,445.54 | 13,557.89 | +887.65 | 19,232.31 | 15,996.95 | +3,235.36 |
| Oct 22 (Thu) | 13,627.54 | 17,086.24 | −3,458.70 | 16,242.83 | 13,351.51 | +2,891.32 |
| Oct 21 (Wed) | 17,003.90 | 15,981.58 | +1,022.32 | 14,931.57 | 13,317.25 | +1,614.32 |
₹ crore, provisional cash-market data. Sources: Upstox, 5paisa, Trendlyne.
Story 17: FIIs turn net buyers of ₹4,240 crore on Oct 27; DIIs sell ₹1,250 crore
Foreign institutional investors bought a net ₹4,240.40 crore in the cash market on Tuesday, their largest net purchase in the past week, while domestic institutions were net sellers of ₹1,250 crore, breaking a run of net buying. October as a whole has still seen heavy foreign selling: CDSL data showed about ₹52,100 crore of outflows by mid-month (Swarajya).
Story 18: SIP contributions hit a record ₹32,490 crore in September
AMFI data for September 2026 showed record SIP contributions of ₹32,490 crore from about 10.06 crore contributing accounts, with about 63 lakh new registrations, keeping domestic flows a steady cushion against foreign selling.
Section 7: SEBI and exchange developments (Stories 19–20)
Story 19: SEBI revises closing-auction rules, keeps 30-minute VWAP for derivatives expiry
SEBI’s final framework keeps the volume-weighted average price of the last 30 minutes (3:00–3:30 PM) for derivatives settlement. The cash market’s closing auction session, first introduced on August 3, moves to a 10-minute window from 3:30 to 3:40 PM from December 7, 2026 (Angel One).
Story 20: SEBI explores adding insurance policies to investors’ Consolidated Account Statements
SEBI chairman Tuhin Kanta Pandey said on October 15 that he has written to IRDAI to examine including insurance policies in the CAS; no rule has been issued yet. Separately, Angel One’s client base reached 39.98 million in September, up 17.3% year on year (NSE filing).
Section 8: Macro, RBI and the rupee (Stories 21–22)
Story 21: RBI at 5.50% repo; dollar window for oil companies supports the rupee near 95
The RBI raised the repo rate by 25 basis points to 5.50% on October 7, its first hike since February 2023. Since October 12 it has sold dollars directly to IOC, BPCL and HPCL through a dedicated window, and it cut the rupee-derivatives position limit to $5 million (Swarajya). The rupee traded around 95.06–95.12 per dollar on Tuesday, with the dollar index near 102.2.
Story 22: Net direct tax collections rise 13.21% to ₹13.38 lakh crore
Net direct tax collections for FY27 up to October 14 rose 13.21% to ₹13.38 lakh crore; gross collections rose 14.89% to ₹16.03 lakh crore, and refunds climbed 24.22% to ₹2.65 lakh crore (Income Tax Department data via ET). The government cut the special additional excise duty on diesel exports to ₹16 a litre from October 1 and revised it again from October 16 (TaxGuru).
Section 9: Orders and M&A (Stories 23–24)
Story 23: Welspun Corp wins ₹5,500 crore US pipeline order
Welspun Corp’s US unit won a ₹5,500 crore order for coated line pipe for a Permian Basin gas pipeline serving a data centre, announced October 23 (EquityPandit). In defence, the Defence Acquisition Council cleared proposals worth about ₹2.12 lakh crore, lifting BEL (Story 5).
Story 24: Fairfax plans to combine Digit and IIFL Capital with IDBI Bank
After agreeing to buy 60.72% of IDBI Bank for ₹52,878 crore, Fairfax proposes to fold its stakes in Go Digit and IIFL Capital into the bank, subject to RBI, SEBI and IRDAI approvals. The RBI approved the amalgamation of Emirates NBD’s three Indian branches with RBL Bank, effective December 1, 2026. Mankind Pharma agreed to buy 70% of Belgium’s Armed Cell Therapeutics (ACTx), a CAR-T company, for €48 million (NSE filing).
Section 10: Global macro (Stories 25–26)
Story 25: Fed decision due tonight; Warsh gives no signal; US 10-year near 4.99%
The FOMC’s two-day meeting ends Wednesday, October 28 (US time). Fed Chair Kevin Warsh has declined to prejudge the outcome, naming October and December as decision points (investingLive); the fed funds range is 3.75–4.00% and a hold is widely expected. US September CPI rose to 3.7% (core 2.6%) (CPI data). The US 10-year Treasury yield ended Tuesday near 4.99% (CNBC).
Story 26: Jefferies’ Chris Wood: time to diversify beyond AI
Chris Wood urged investors to diversify beyond the AI trade, pointing to hyperscaler bond issuance of $223 billion in 2026 versus $108 billion in all of 2025 (Free Press Journal). Anthropic’s third-quarter revenue was reported at $16.8 billion (The Star, citing the FT), and Meta narrowed its 2026 capital spending range to $135–145 billion (report).
Section 11: Commodities and digital assets (Stories 27–28)
Story 27: Brent crude eases about 1.6% to $113.9 on Tehran talks hopes
Brent fell to about $113.91 a barrel on Tuesday after settling at $115.81 on Monday, as hopes from talks in Tehran outweighed continued Houthi attacks on Saudi facilities (FinanceFeeds). It traded around $114.7–115.2 during Indian hours. WTI was about $100.8–101.3.
Story 28: Gold eases on a firmer dollar ahead of the Fed; Bitcoin near $79,750
Spot gold slipped about 0.3% to around $4,004 an ounce. MCX gold traded around ₹1,42,519 per 10 grams, down 0.39%, at 5:25 PM IST (Trade Brains). Bitcoin was at $79,756 and Ethereum at $2,311.53 at 8 AM ET on Tuesday.
Information only, not investment advice. Prices are as reported by the sources linked; verify with your broker before trading.