Market News

3 min read | Updated on October 28, 2026, 16:37 IST
SUMMARY
On October 28, the SENSEX declined by 352.64 points or 0.48% to close at 73,246.03. Similarly, the NIFTY50 ended lower by 50.90 points or 0.22% at 22,698.85.
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On October 28, the SENSEX dropped as much as 1.35% to touch an intraday low of 72,603.57. | Image: Shutterstock
Furthermore, investor sentiment remained subdued as crude oil prices surged 2% to over $116 per barrel (bbl) after Houthis attacked Saudi Arabia’s largest refinery. Investors were also cautious ahead of the upcoming US Federal Reserve's policy meeting outcome.
The SENSEX dropped as much as 1.35% to touch an intraday low of 72,603.57. Meanwhile, the NIFTY50 tumbled as much as 1.11% to reach the session’s low of 22,497.70.
On October 28, the SENSEX declined by 352.64 points or 0.48% to close at 73,246.03. Similarly, the NIFTY50 ended lower by 50.90 points or 0.22% at 22,698.85.
The 50-share NIFTY index was dragged down by selling in the shares of Infosys, which closed 3.43% lower.
It was followed by Reliance Industries Ltd (RIL) (-3.19%), Oil and Natural Gas Corporation (ONGC) (-2.16%), Tech Mahindra (-1.92%), and Bharti Airtel (-1.55%), which were among the top losers of the day.
On the other hand, the top gainers were led by Apollo Hospitals Enterprise (4.43%), Larsen and Toubro (L&T) (3.72%), Trent (3.31%), SBI Life Insurance Company (2.06%), and InterGlobe Aviation (IndiGo) (2.03%).
L&T stock surged following a strong set of earnings for the September quarter (Q2 FY27). The company on Tuesday reported a 32.5% rise in consolidated net profit to ₹5,202.10 crore for the quarter ended September 2026, driven by higher revenue. It had posted a consolidated net profit of ₹3,926.09 crore in the year-ago period.
NSE’s midcap gauge, the NIFTY Midcap 100, advanced by 244.80 points, or 0.43%, to close at 57,274.70 on Wednesday.
Voltas (6.94%), Patanjali Foods (6.22%), Biovon (5.49%), National Aluminium Company (4.96%), and Blue Star (4.72%) were among the top winners.
On the flip side, its top laggards included Steel Authority of India (SAIL) (-5.37%), MphasiS (-3.83%), Radico Khaitan (-3.61%), United Spirits (-3.35%), and Indus Towers (-3.19%).
The NIFTY Smallcap 100 ended at 18,634.90, marking a 166.20-point or 0.90% increase on October 28.
It was supported by Piramal Pharma, which closed 16.04% higher. It hit a fresh 52-week high during the trading session after the firm swung to profit following broad-based growth across India and overseas sites. The investors' sentiment was also boosted after the company upgraded its FY27 outlook.
The other top gainers included Syngene International (10.60%), PG Electroplast (7.16%), TD Power Systems (4.74%), and Pine Labs (4.69%).
On the contrary, its top losers included Mangalore Refinery and Petrochemicals Ltd (MRPL) (-8.73%), Kaynes Technology India (-6.28%), Sterlite Technologies (-3.62%), Chennai Petroleum Corporation (-3.55%), and Data Patterns (-3.26%).
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