Nifty below 23,100 level; FMCG shares under pressure
At 11:30 IST, the barometer index, the S&P BSE Sensex tanked 381.98 points or 0.54% to 74,347.29. The Nifty 50 index lost 91.80 points or 0.40% to 23,054.35.
In the broader market, the BSE 150 MidCap Index declined 0.32% and the BSE 250 SmallCap Index fell 0.89%.
The market breadth was weak. On the BSE, 1,407 shares rose and 2,646 shares fell. A total of 274 shares were unchanged.
IPO Update:
Tonbo Imaging India received bids for 18,41,94,528 shares as against 85,26,033 shares on offer, according to stock exchange data at 11:25 IST on 19 October 2026. The issue was subscribed 21.60 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 665 and 700 per share. An investor can bid for a minimum of 21 equity shares and multiples thereof.
Zetwerk Manufacturing Business received bids for 8,87,12,316 shares as against 18,50,66,845 shares on offer, according to stock exchange data at 11:25 IST on 19 October 2026. The issue was subscribed 0.48 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 143 and 151 per share. An investor can bid for a minimum of 99 equity shares and multiples thereof.
Sahajanand Medical Technologies received bids for 1,30,39,277 shares as against 97,50,482 shares on offer, according to stock exchange data at 11:15 IST on 19 October 2026. The issue was subscribed 1.34 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 327 and 344 per share. An investor can bid for a minimum of 43 equity shares and multiples thereof.
Bonfiglioli Transmissions received bids for 10,68,92,800 shares as against 3,02,82,330 shares on offer, according to stock exchange data at 11:26 IST on 19 October 2026. The issue was subscribed 3.53 times.
The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 558 and 586 per share. An investor can bid for a minimum of 25 equity shares and multiples thereof.
Buzzing Index:
The Nifty FMCG index fell 0.91% to 44,208.90. The index slipped 2.32% in the three consecutive trading sessions.
Godfrey Phillips India (down 2.04%), Varun Beverages (down 1.94%), Hindustan Unilever (down 1.37%), Patanjali Foods (down 1.36%), Dabur India (down 1.06%), Godrej Consumer Products (down 1.05%), Tata Consumer Products (down 0.98%), Colgate-Palmolive (India) (down 0.89%), United Spirits (down 0.64%) and ITC (down 0.46%) declined.
Global Markets:
Dow Jones futures were up 290 points, indicating a strong opening in the US stocks.
Most Asian equity indices traded lower on Monday, as technology stocks came under pressure amid concerns over the high cost of artificial intelligence (AI) infrastructure investments and rising financing costs. Hong Kong markets remained closed for a holiday.
US equities ended sharply lower on Friday, 16 October 2026, as technology and semiconductor stocks extended their sell-off. The Dow Jones Industrial Average declined 0.34% to 52,002.41, while the S&P 500 fell 1.09% to 7,659.44. The Nasdaq Composite dropped 2.14% to 26,140.03.
Concerns over the sustainability of heavy AI-related investments and stronger-than-expected US inflation data weighed on technology shares and revived expectations of further Federal Reserve rate increases.
Crude oil prices eased after US President Donald Trump issued an executive order on 16 October waiving certain sanctions, restrictions and duties under the newly enacted Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The move followed an agreement concerning Russian diesel exports. The order does not remove all existing US sanctions against Russia; several measures imposed under earlier executive orders remain in place.
Brent crude futures fell around 1.6% to $108.06 a barrel. The easing of restrictions on certain Russian energy exports raised expectations of additional fuel supplies, putting downward pressure on oil prices. However, geopolitical risks, including tensions around the Strait of Hormuz, continued to cloud the global energy outlook.
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