Indices edge lower; breadth negative
Market participants will track global developments, foreign institutional investor (FII) flows, key US inflation data and further corporate earnings announcements for market direction.
IT, media and metal stocks advanced while oil & gas, realty and private bank counters declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 245.09 points or 0.33% to 74,070.58. The Nifty 50 index dropped 59.10 points or 0.27% to 22,934.65.
In the broader market, the Nifty Midcap 150 Index fell 0.49% and the Nifty Smallcap 250 Index shed 0.08%.
The market breadth was negative. On the BSE, 1,395 shares rose and 1,464 shares fell. A total of 110 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,285.37 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,319.39 crore in the Indian equity market 15 October 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.01% to 7.390 compared with the previous session close of 7.389.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.7200 compared with its close of 95.9900 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement rose 0.53% to Rs 1,48,274.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.18% to 101.88.
The United States 10-year bond yield declined 0.33% to 5.073.
In the commodities market, Brent crude for December 2026 settlement dropped 77 cents or 0.73% to $105.15 a barrel. The Brent crude prices declined after rising above $106 in the previous session, as investors monitored developments in the Middle East and the outlook for global oil supplies.
Stocks in Spotlight:
Persistent Systems declined 3.60% after the company reported 25.4% decline in consolidated net profit to Rs 351.5 crore in Q2 FY27 as compared with Rs 471.5 crore in Q2 FY26. Revenue increased 30.3% to Rs 4,663.9 crore from Rs 3,580.7 crore. EBIT rose 19.5% to Rs 697.7 crore, while EBIT margin declined 130 basis points to 15% from 16.3%.
Angel One reported 58.2% rise in consolidated net profit to Rs 335 crore in Q2 FY27 as compared with Rs 211.7 crore in Q2 FY26. Revenue increased 18.7% to Rs 1,427 crore from Rs 1,201.8 crore.
Sri Lotus Developers and Realty reported 77.9% rise in consolidated net profit to Rs 82.1 crore in Q2 FY27 as compared with Rs 46.2 crore in Q2 FY26. Revenue increased 52.5% to Rs 268.6 crore from Rs 176.1 crore.
Global Market:
Asian indices advanced on Friday as investors assessed Wall Street's rebound and weighed persistent inflation concerns against the recent technology sell-off.
Brent crude prices declined
US equities closed higher on Thursday. The Dow Jones Industrial Average climbed 1.08%, while the S&P 500 advanced 0.33% and the Nasdaq Composite gained 0.08%. The rebound came as Treasury yields eased and investors shifted towards defensive sectors, including healthcare and consumer-related stocks.
The gains followed a technology-led sell-off earlier in the week, triggered by hotter-than-expected US consumer inflation data that revived concerns about further Federal Reserve interest rate increases.
Technology shares remained vulnerable amid questions over whether strong demand for artificial intelligence would justify substantial spending on data centres, semiconductors and cloud infrastructure, particularly in a high-interest-rate environment.
Inflation remained a key concern after US producer prices rose more than expected in September. The Producer Price Index (PPI) for final demand increased 1.3% month on month, marking its largest monthly gain since March 2022. Annual producer inflation accelerated to 6.3% from 5.6% in August, indicating that price pressures were broadening beyond energy.
The producer inflation data followed a stronger-than-expected consumer price report released on Wednesday. Together, the reports heightened concerns about persistent inflation and increased uncertainty over the Federal Reserve's interest rate outlook.
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