Sensex jumps 483 points, Nifty reclaims 22,750 as value buying lifts market

The Sensex and Nifty snapped their four-session losing streak on Monday as value buying in beaten-down stocks, easing crude oil prices and supportive global cues lifted investor sentiment. The Nifty settled above the 22,750 mark, recovering sharply from early losses. Brent crude eased to around $114.50 per barrel from a near six-month high of $117, while foreign institutional investors (FIIs) bought equities worth Rs 887.65 crore on Friday. Metal and healthcare stocks gained, while consumer durables and FMCG shares declined.

The S&P BSE Sensex advanced 482.92 points or 0.66% to 73,606.75. The Nifty 50 index rose 153.20 points or 0.68% to 22,753.20. In the past four consecutive trading sessions, the Sensex and Nifty declined 3.49% and 2.36%, respectively.

Kotak Mahindra Bank (up 2.38%), Bharti Airtel (up 1.34%) and Reliance Industries (up 0.99%) supported the Nifty today.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 1.07% and the Nifty SmallCap 250 Index jumped 1.13%.

The market breadth was strong. On the BSE, 2,420 shares rose and 2,005 shares fell. A total of 262 shares were unchanged.

Numbers to Track:

In the commodities market, Brent crude for the December 2026 settlement declined $1.56 or 1.34% to $115.16 a barrel.

The yield on India's 10-year benchmark federal paper rose 0.27% to 7.493 compared with the previous session close of 7.473.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.2100 compared with its close of 94.9300 during the previous trading session.

MCX Gold futures for the 4 December 2026 settlement rose 0.62% to Rs 1,42,899.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 101.82.

The United States 10-year bond yield rose 0.63% to 4.986.

Global Markets:

Dow futures rose 214 points, signalling a higher opening for US stocks.

European markets climbed on Monday, clawing back some of last week's losses as easing crude oil prices offered relief amid diplomatic efforts to defuse Middle East tensions. Gains remained cautious ahead of major US technology earnings and key central bank policy decisions.

In the UK, retail sales volumes fell 0.4% in September, exceeding expectations for a 0.1% decline. Warmer weather weighed on online clothing sales, while supermarket volumes also fell. Retail sales volumes rose 0.7% over the three months to September, and fuel sales volumes increased 2.2% in September.

UK consumer confidence recorded its sharpest monthly decline since April 2020, raising concerns about household spending ahead of the government's upcoming budget. The GfK Consumer Confidence Index fell 11 points to -24 in October from -13 in September.

Most Asian equity indices ended lower as investors assessed elevated oil prices, geopolitical risks and a busy week of central bank decisions and corporate earnings.

The cautious mood followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment. Investors are also preparing for quarterly results from major US technology companies, including Alphabet, Microsoft and Amazon, which could provide fresh insights into AI-related spending and returns.

The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16 on Friday. The S&P 500 declined 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite shed 53.52 points, or 0.21%, to 25,955.34.

Telecommunications stocks came under pressure after reports that SpaceX was exploring plans to launch a fourth US wireless carrier. AT&T and T-Mobile fell nearly 8% each amid concerns over increased competition. Energy stocks gained as Middle East tensions pushed oil prices higher.

Among individual stocks, Schlumberger gained about 7% following its quarterly results. American Express fell around 3.7% despite reporting higher quarterly profits and raising its full-year earnings forecast. The company also announced plans to cut 5% of its workforce, while revenue missed market expectations.

On the economic front, the University of Michigan's final consumer sentiment index for October came in at 48.0, compared with 48.1 in September. The reading exceeded market expectations, but sentiment remained near historically low levels. One-year inflation expectations rose to 4.7% from 4.6%, while five-year expectations increased to 3.5% from 3.4%. Persistent inflation concerns could complicate the Federal Reserve's policy outlook.

Stocks in Spotlight:

Kotak Mahindra Bank rose 2.38% after the private sector lender reported a 29% year-on-year increase in standalone net profit to Rs 4,212 crore in Q2 FY27. Net profit grew 2% sequentially from Rs 4,123 crore in Q1 FY27. Net interest income (NII) increased 16% year-on-year and 7% quarter-on-quarter to Rs 8,459 crore. Net interest margin (NIM), however, moderated to 4.31% from 4.54% a year ago and 4.53% in the previous quarter. The bank attributed the moderation largely to the mobilisation of foreign currency non-resident bank (FCNR(B)) deposits during the quarter.

Infosys rose 1.06%. The company lowered its constant currency (CC) revenue growth guidance for FY27 to 1%-2%. The IT major reported a 0.7% rise in consolidated net profit to Rs 7,823 crore in Q2 FY27 compared with Rs 7,249 crore in Q1 FY27. Revenue from operations increased 2.14% QoQ to Rs 40,719 crore in Q2 FY27.

On a year-on-year (YoY) basis, the IT major's consolidated net profit rose 6.23%, while revenue from operations climbed 10.69% in Q2 FY27.

Dr Reddy's Laboratories surged 6.62% The drug major's consolidated revenue from operations declined 1.5% year on year to Rs 8,670.8 crore in Q2 FY27 from Rs 8,805.1 crore in Q2 FY26. Revenue increased 7.4% quarter on quarter from Rs 8,070.5 crore in Q1 FY27. Net profit attributable to equity shareholders of the parent company fell 35.6% year on year to Rs 925 crore from Rs 1,437.2 crore in Q2 FY26. Sequentially, net profit rose 108.6% from Rs 443.5 crore in Q1 FY27.

Bharat Coking Coal shares surged 4.23% after the company reported a net profit of Rs 123.74 crore in Q2 FY27, compared with a net loss of Rs 52.99 crore in Q2 FY26. Revenue from operations increased 39.06% year on year to Rs 4,412.58 crore from Rs 3,173.25 crore. The growth was driven by higher dispatch volumes, improved washed coal realisations and the recognition of Rs 386.50 crore in price increase and compensation, compared with nil in the year-ago quarter.

Tata Chemicals jumped 3.23% on Monday after the company disclosed a court order concerning a dispute over the operations of its Kenyan subsidiary, Tata Chemicals Magadi Limited (TCML). The High Court of Kenya, in an order dated 23 October 2026, ruled that it lacked jurisdiction over the dispute and could not take further steps in the matter, Tata Chemicals said in an exchange filing dated 24 October 2026. The order did not resolve the underlying regulatory dispute.

Jyoti Structures surged 10.42% after the company announced that it had received project award notifications from Power Grid Corporation of India for transmission line projects in Rajasthan.

Initial Public Offer (IPO):

EAAA India Alternatives received bids for 5,66,424 shares as against 52,99,684 shares on offer, according to stock exchange data at 16:33 IST on 26 October 2026. The issue was subscribed 0.11 times.

The issue opened for bidding on 26 October 2026 and will close on 28 October 2026. The price band of the IPO is fixed between Rs 1,585 and 1,665 per share. An investor can bid for a minimum of 9 equity shares and multiples thereof.

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