Indian equity benchmarks faced a sluggish session on Wednesday, with the Nifty 50 closing at 22,698.85 (−0.22%). Investors remained cautious as they tracked elevated crude oil prices and awaited the US Federal Reserve’s upcoming policy decision. While the headline index struggled, institutional activity provided a layer of support, with foreign investors continuing their buying streak.
The 60-Second Version
Nifty 50 settled at 22,698.85, down −0.22% for the session.
Foreign Institutional Investors (FIIs) net bought ₹3,650 crore over the last three sessions.
Nifty Bank outperformed, rising +0.54% to 54,267.40.
Tech stocks faced selling pressure, with Nifty IT falling −1.98%.
Five IPOs are in focus today, including the opening of Bombay Coated and Antala Industries.
Market Snapshot
The Nifty 50 ended the session at 22,698.85, marking its second consecutive day of losses. The index is currently trading −0.49% lower over the last five sessions. Market volatility remains a key factor as participants parse global economic cues and domestic industrial data.
Index
Last
Nifty 50
22,698.85 (-0.22%)
Nifty Bank
54,267.40 (+0.54%)
Nifty Midcap 100
57,274.70 (+0.43%)
Where the Money is Flowing
Institutional participation continues to be a critical driver for market stability. Over the last three trading sessions, FIIs have been net buyers to the tune of ₹3,650 crore, while Domestic Institutional Investors (DIIs) have added ₹2,003 crore to their holdings. This consistent inflow suggests that despite global headwinds, institutional confidence in the domestic market remains resilient.
Date
FII Net
DII Net
Last 3 Sessions
+3,650
+2,003
Sectors and Movers
Sectoral performance was mixed. The Nifty Auto index led the gains, climbing +1.45%, followed by Nifty Pharma, which rose +1.04%. Conversely, the Nifty IT index was the primary laggard, shedding −1.98%, as investors reacted to global tech sentiment.
Sector
Last
Nifty Auto
25,707.35 (+1.45%)
Nifty Pharma
26,541.35 (+1.04%)
Nifty Financial Services
24,418.25 (+0.47%)
Nifty PSU Bank
8,133.60 (+0.08%)
Nifty FMCG
42,878.35 (-0.56%)
Nifty Realty
797.85 (-0.89%)
Nifty IT
31,553.40 (-1.98%)
Symbol
Company
Last
APOLLOHOSP
Apollo Hospitals
8,137 (+4.43%)
LT
Larsen & Toubro
3,801.30 (+3.72%)
TRENT
Trent
2,913.90 (+3.31%)
INFY
Infosys
1,123.15 (-3.43%)
RELIANCE
Reliance Industries
1,158 (-3.19%)
BPCL
BPCL
287 (-2.91%)
The World and the Economy
Global markets are navigating a complex environment. While Asian indices largely settled higher, buoyed by AI-related optimism, concerns over crude oil supply disruptions persist. Domestically, the Ministry of Statistics and Programme Implementation reported that industrial growth, measured by the Index of Industrial Production (IIP), slowed to 6.7% in September 2026. Union Petroleum Minister Hardeep Singh Puri clarified that India faces no pressure from the US regarding Russian crude imports, emphasizing that commercial considerations guide energy procurement.
Companies, Results and IPOs
Adani Enterprises: Reported a 55% decline in Q2 consolidated net profit, though total income grew 74.07%.
TVS Motor Company: Received approval to acquire the entire stake in STPL Trading and Services as part of its business restructuring.
Vaibhav Global: The board approved a dividend and released its consolidated financial results for the quarter ended September 30, 2026.
IPO Activity: Bombay Coated and Special Steels Ltd. and Antala Industries Ltd. open for subscription today. Meanwhile, SFC Environmental Technologies, BLS Polymers, and Wiscon Industries close their bidding windows.
Insight: Despite a −0.22% dip in the Nifty, the consistent net buying by FIIs (+₹3,650 crore) indicates that institutional investors are using market dips to accumulate, providing a potential floor for the index.
Nifty 50
22,698.85
−0.22% · −50.90 pts
Last 5 sessions
−0.49%
Nifty 50 change
Index
Close
Change
Change %
Nifty Bank
54,267.40
+292.50
+0.54%
Nifty 50
22,698.85
−50.90
−0.22%
NIFTY Midcap 100
57,274.70
+244.80
+0.43%
Index closing levels, previous session, 28 October 2026
Nifty 50: the bigger picture
Measure
Value
Last 5 sessions
−0.49%
Last 20 sessions
−0.36%
20-session high
23,146.15
20-session low
22,231.80
Below the 20-session high
1.93%
Current run
2 sessions down in a row
Nifty 50 over recent sessions, to 28 Oct
Stock
Price
Change %
Apollo Hospitals Enterprise Ltd.
₹8,137
+4.43%
Larsen & Toubro Ltd.
₹3,801.3
+3.72%
Trent Ltd.
₹2,913.9
+3.31%
SBI Life Insurance Company Ltd.
₹1,666.7
+2.06%
Interglobe Aviation Ltd.
₹4,690
+2.03%
Top gainers
Stock
Price
Change %
Infosys Ltd.
₹1,123.15
−3.43%
Reliance Industries Ltd.
₹1,158
−3.19%
Bharat Petroleum Corporation Ltd.
₹287
−2.91%
Oil & Natural Gas Corporation Ltd.
₹224.89
−2.16%
Tech Mahindra Ltd.
₹1,776.6
−1.92%
Top losers
Sector index
Change %
+1.45%
+1.04%
+0.47%
+0.08%
−0.56%
−0.89%
−1.98%
Sector indices, 28 October 2026, best first
Session
FII net
DII net
28 Oct
+872
+643
27 Oct
+4,240
−1,250
26 Oct
−1,462
+2,610
Last 3 sessions
+3,650
+2,003
FII and DII net flows, ₹ crore (positive is net buying)
On the calendar today, Thursday, 29 October
Company
Also considering a dividend
Ambuja Cements Ltd.
—
Apar Industries Ltd.
—
Asian Paints Ltd.
Yes
Blue Star Ltd.
—
Brigade Enterprises Ltd.
—
Computer Age Management Services Ltd.
Yes
Coal India Ltd.
Yes
Deepak Nitrite Ltd.
—
Firstsource Solutions Ltd.
—
Godrej Consumer Products Ltd.
Yes
Indian Energy Exchange Ltd.
—
Interglobe Aviation Ltd.
—
Results due on Thursday, 29 October (12 of 22 shown)