GIFT Nifty signals weak start, Jio Platforms makes market debut
GIFT Nifty:
GIFT Nifty November 2026 futures were down 107 points, signalling a weak opening for the Nifty 50.
Jio Platforms will list on the stock exchanges today. The IPO was subscribed 22.19 times and it was priced at Rs 1,119 per share. The Rs 30,213-crore IPO comprised an entirely fresh issue of shares at the upper end of the price band of Rs 1,119 per share, with no offer-for-sale (OFS) component.
Institutional Flows:
Foreign portfolio investors (FPIs) bought shares worth Rs 4,240.39 crore, while domestic institutional investors (DIIs) were net sellers of Rs 1,250.03 crore in the Indian equity market 27 October 2026, according to provisional data.
FPIs sold shares worth Rs 52,580.44 crore in October through 27 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.
Global Markets:
Dow futures fell 138 points, signalling a higher opening for US stocks.
Asian indices advanced on Wednesday, as renewed optimism over artificial intelligence demand lifted technology stocks ahead of earnings from major US technology companies and the Federal Reserve's policy decision.
South Korean chipmaker SK Hynix's record quarterly results strengthened sentiment towards semiconductor stocks. The company reported a sharp increase in revenue and operating profit, driven by demand for high-bandwidth memory chips used in AI infrastructure.
US stocks advanced on Tuesday, 27 October 2026, as AI-related shares rallied and investors assessed corporate earnings ahead of the Federal Reserve's policy announcement. The Dow Jones Industrial Average edged up 15.99 points, or 0.03%, to 52,377.57. The S&P 500 gained 45.83 points, or 0.60%, to 7,722.60, while the Nasdaq Composite rose 308.43 points, or 1.18%, to 26,477.81.
Broadcom gained after announcing a $63 billion financing arrangement involving Bank of America, Blackstone, Citigroup and Morgan Stanley to fund AI computing capacity for Anthropic. The deal highlights the scale of financing now supporting AI infrastructure investment.
SK Hynix reported preliminary third-quarter revenue of 104.62 trillion won, up 327.9% year on year, while operating profit surged 557.2% to 83.33 trillion won. Net profit rose 215.7% to 39.78 trillion won. Revenue and operating profit reached record levels as demand for high-bandwidth memory and other AI-related products lifted chip prices.
Investors are now awaiting third-quarter results from Alphabet and Microsoft, due after the US market closes on Wednesday.
The Conference Board's US Consumer Confidence Index rose 7.5 points to 91.7 in October from a revised 84.2 in September, exceeding the Reuters poll forecast of 81. The improvement reflected better assessments of current business conditions and the near-term outlook, although concerns about living costs persisted.
US durable goods orders increased 1.8% in September, below the 2.0% forecast in one market calendar but above August's 0.1% increase. Excluding transportation, orders rose 0.5%. New single-family home sales declined 0.6% to an annualised rate of 676,000 units, exceeding the 650,000 forecast. The data pointed to resilience in parts of the economy, although durable goods orders missed the cited consensus estimate.
The Federal Reserve is due to announce its policy decision on Wednesday. Markets widely expect interest rates to remain unchanged, with investors looking for guidance on the future rate path amid inflation concerns and higher energy prices.
Brent crude rose to $114.42 a barrel in Asian trading. The US Dollar Index held near a two-week high at 102.37.
Domestic Market:
The key equity benchmarks ended nearly flat on Tuesday amid volatility on the monthly derivatives expiry day. Elevated crude oil prices, geopolitical tensions and caution ahead of the US Federal Reserve's policy decision weighed on sentiment. The Nifty closed at 22,749.75. Broader indices, however, advanced. Media stocks led sectoral gains, followed by realty and pharma shares. IT, oil and gas, and private banking stocks declined.
The S&P BSE Sensex declined 8.08 points or 0.01% to 73,598.67. The Nifty 50 index fell 3.45 points or 0.02% to 22,749.75.
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