Ixigo, PNB, HFCL, L&T among buzzing stocks: SENSEX falls over 1,000 pts from day’s high, NIFTY below 22,900

The Indian benchmark indices, SENSEX and NIFTY50, declined further to trade in the deep red during the afternoon session on Monday, October 19, amid weak global cues and a sell-off in private bank, financial services and information technology (IT) stocks.

Furthermore, while Brent crude oil prices fell nearly 3% on Monday’s market, it remained elevated at above $105 per barrel (bbl).

The SENSEX tumbled as much as 1.3% to hit an intraday low of 73,771.06. Meanwhile, the NIFTY50 tanked as much as 1.23% to touch the session’s low of 22,861.05.

At 1:25 PM, the S&P BSE SENSEX dropped by 932.67 points, or 1.25%, to trade at 73,796.60, while NSE’s NIFTY50 stood at 22,875.60, marking a 270.55 points, or 1.17% decline. SENSEX declined about 1,053 points and NIFTY fell about 300 points from their day’s high.

India VIX, the volatility gauge, advanced as much as 6.4% to hit its intraday high level of 14.92 during the session.

Shares of Axis Bank contributed to the decline of the NIFTY50 index. It was followed by Trent, Infosys, HDFC Bank, and Tata Motors PV, which were among the top losers.

On the contrary, the top gainers included JSW Steel, Eicher Motors, State Bank of India, Larsen & Toubro, and Oil and Natural Gas Corporation (ONGC).

Buzzing stocks on October 19: Check list

Shares of hospital chains and pharmaceutical companies with oncology exposure were trading in the red zone on Monday, October 19, after the National Pharmaceutical Pricing Authority (NPPA) capped trade margins at 30% for 137 identified non-scheduled anti-cancer drug formulations.

Identified non-scheduled anti-cancer drugs are a specific list of cancer medicines selected by the government for the new pricing measure.

The company recorded a consolidated net profit (attributable to equity holders of the parent) of ₹61.25 crore during the quarter under review, compared with a year-on-year (YoY) loss of ₹3.17 crore in the September quarter of the 2025-26 fiscal year (Q2 FY26). Sequentially, the profit surged 88.46% quarter-on-quarter (QoQ) from ₹32.50 crore in the quarter-ago period.

Its consolidated revenue from operations advanced 12.9% YoY to ₹320.96 crore in the quarter ended September 30, 2026, as against ₹284.23 crore in the corresponding quarter of the preceding fiscal year.

Its gross transaction value (GTV) stood at ₹5,304.47 crore for the reporting quarter, registering a 22% YoY increase from ₹4,347.50 crore in the second quarter of FY26.

Union Bank shares gained as much as 5.5% to touch the session’s peak of ₹181.20 per unit on the NSE, as it reported a net profit of ₹5,537 crore in quarter ended September 2026, marking an increase of 30% YoY from ₹4,249 crore in the same period last year.

Union Bank's net interest income (NII) or difference between interest earned on loans and expended on deposits jumped 20% to ₹10,583 crore at the end of the second quarter, up 20% from ₹8,812 crore in the year-ago period.

The bank's asset quality showed an improvement as its gross non-performing assets, as a percentage of total advances, came in at 2.42% compared with 3.29% in the same period last year.

Tata Consultancy Services (TCS) stock slipped into the red zone in noon deals, off its day’s high, despite announcing an expansion of its longstanding partnership with Indian Bank, to deploy TCS BaNCS for Treasury at its Colombo branch in Sri Lanka, making the entry of TCS BaNCS for Treasury in the country.

As part of the collaboration, TCS will help Indian Bank modernize its overseas treasury operations across money markets, investment management, and foreign exchange, it said in a regulatory filing.

“The transformation will enable Indian Bank’s Colombo branch to move to a single, integrated treasury platform that supports unified deal processing, real-time position visibility, stronger risk and limit controls, and compliance-ready reporting. The Bank will be able to reduce manual intervention, improve straight-through processing, and strengthen audit and regulatory readiness through a single source of truth,” it stated.

Larsen & Toubro (L&T) shares advanced as much as 1.67% to hit an intraday high of ₹3,687.70 per unit, as the Public Spaces, Airports & Health (PAH) business vertical secured a Limited Notice to Proceed (LNTP) from the PPP consortium developing the New Tashkent International Airport in Uzbekistan.

The LNTP has been issued following the execution of an engineering, procurement & construction (EPC) contract, awarded to L&T earlier, for the construction of the passenger terminal and associated landside infrastructure of the greenfield airport, according to a regulatory filing.

The order is worth more than ₹15,000 crore, as per L&T’s order classifications.

The stock of Punjab National Bank (PNB) gained as much as 7.7% to reach the session peak of ₹125.22 per equity share on October 19, as it saw its standalone net profit rise 12.8% YoY to ₹5,532 crore in the second quarter of FY27, as against ₹4,904 crore a year ago. The profit rose for the fifth straight quarter.

It recorded a NII of ₹11,601 crore during the quarter under review, marking a 10.8% YoY increase from ₹10,469 crore in Q2 FY26, according to a regulatory filing dated Friday.

HDFC Bank shares fell as much as 2.6% to hit an intraday low of ₹710.05 apiece on Monday, after the country’s largest private sector lender posted mid-single-digit growth in profitability for the quarter ended September 2026.

It reported a net profit of ₹19,510 crore in the second quarter of current financial year, marking an increase of 5% from ₹18,641 crore in the same period last year.

Its NII rose 10% to ₹34,619 crore at the end of the second quarter as against ₹31,551 crore in the year-ago period.

Besides this, the bank’s Deputy Managing Director, Kaizad Bharucha’s, is expected to exit in January 2027, which is also expected to drive sentiment on Monday.

Urban Company stock tumbled as much as 9.4% to a day low of ₹143.28 per equity share, as its consolidated net loss widened to ₹182.48 crore in Q2 FY27 compared to net loss of ₹59.33 crore during the same quarter last year.

Meanwhile, revenue during the September quarter rose 41.4% YoY to ₹537.29 crore. Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) basis also widened to ₹187.6 crore loss from ₹68.36 crore in the year-ago period.

Axis Bank shares declined as much as 5% to hit an intraday low of ₹1,225.30 apiece on the NSE, despite reporting strong set of earnings in the second quarter of current financial year.

Global investment bank Goldman Sachs said that QFY27 earnings were largely in-line with expectations and thesis of cyclical inflection in core pre-provisioning operating profit (PPoP) growth remains on track.

The stock of HFCL hit its 5% upper circuit at ₹268.81 per equity share on the NSE on Monday, October 19, as its consolidated net profit for the quarter jumped nearly 5x to ₹394 crore as compared to ₹71.9 crore. The net-profit margin jumped from 6.89% to 15.5% for Q2FY7.

The company’s consolidated revenue went up 143% YoY to ₹2,541 crore for the quarter ended September 2026, as against ₹1,043 crore in the same period last year.