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  5. NIFTY50 and SENSEX open in red on Tuesday; Reliance shares decline ahead of Jio Platforms IPO listing

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NIFTY50 and SENSEX open in red on Tuesday; Reliance shares decline ahead of Jio Platforms IPO listing

image Rohan Takalkar
By Rohan Takalkar

3 min read | Updated on October 27, 2026, 10:13 IST

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SUMMARY

The pullback was largely driven by index heavyweight stocks like HDFC Bank (-0.45%), Sriram Finance (-0.6%), HCL Technologies (-0.8%), and Infosys(-2.4%). Meanwhile, the index breadth for NIFTY50 tilted towards losers, with 34 stocks opening in red, 11 in green, and 5 unchanged.

Stock list

RELIANCE
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NIFTY50 index lost 0.9%, while the BSE SENSEX index declined 0.5% in the week ended Friday, September 25. | Image: Shutterstock

NIFTY50 opened 70 points lower on the monthly expiry day on Tuesday. Image: Shutterstock

Indian benchmark indices opened in red on Tuesday morning ahead of NIFTY50’s monthly expiry. The domestic markets shrugged off the positive cues from the US markets overnight gains and early morning gains in the Asian markets. NIFTY50 opened 47 points lower, while SENSEX fell below the 73,500 level on Tuesday.

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The pullback was largely driven by index heavyweight stocks like HDFC Bank (-0.45%), Sriram Finance (-0.6%), HCL Technologies (-0.8%), and Infosys (-2.4%). Meanwhile, the index breadth for NIFTY50 tilted towards losers, with 34 stocks opening in red, 11 in green, and 5 unchanged.

Meanwhile, Reliance Industries shares fell 0.4% ahead of the Jio Platforms IPO listing. The overall IPO was subscribed 21.3x, garnering bids worth ₹4.72 lakh crore against ₹30,213 crore offered.

The broader markets showed relative outperformance on Tuesday morning, opening in the green across the board. The Smallcap 100 surged the most, up 1.6% on Tuesday morning, extending the pullback from Monday. The index surged 245 points or 1.3% on Monday.

Similarly, the NIFTY Midcap 100 also extended its recovery from the previous day. The index surged 0.45% or 250 points on Tuesday morning, alleviating some anxiety of the broader market selloff that occurred last week.

Defence stocks gain

The defence stocks were among the major winners at the thematic level in Tuesday’s opening session. The NIFTY India Defence index surged 2.78% after the DAC (Defence Acquisition Council) cleared the proposals worth ₹2.1 lakh crore for a wide range of military platforms and weapon systems on Monday.

At the stock-specific level, Apollo Micro Systems (+8.4%), Paras Defence (+5.9%), Data Patterns (+5.8%), and Astra Microwave (+5.4%) are among the top gainers. While the big players like Hindustan Aeronautics Ltd (+2.7%), Bharat Electronics (+2.8%), BEML (+2.6%), and Bharat Forge (+2%) were also among the key winners after the announcement.

Q2 earnings reaction

Paytm share price: Shares of leading fintech platform, One97 Communications, opened on a flat-to-positive note on Tuesday after the company posted a net profit of ₹225 crore for the quarter ended September 2026. The revenue jumped 28% YoY to ₹2,641 crore.
Tata Consumer Share: Shares of Tata Consumer rose 6% on Tuesday after Q2FY27 net profit jumped 16% to ₹469 crore. The revenue jumped 14% YoY to ₹5,661 crore as compared to ₹4,966 crore.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

image Rohan Takalkar
Rohan Takalkar is a senior writer at Upstox and a seasoned capital markets analyst with over 10 years of experience. He is passionate about writing on equities, global markets, and the economy.

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