Sensex, Nifty tumble in early trade ahead of Jio Platform listing
In the primary market, investors turned their attention to Jio Platforms? stock market debut scheduled today. The company?s Rs 30,213-crore initial public offering (IPO) comprised an entirely fresh issue of shares, priced at the upper end of the price band at Rs 1,119 per share, with no offer-for-sale (OFS) component.
Barring auto index, all the indices on the NSE were traded in red with IT, oil & gas and consumer durables, leading the fall.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 721.44 points or 1.02% to 72,884.67. The Nifty 50 index dropped 187.05 points or 0.82% to 22,562.70.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index fell 0.21% and the BSE 250 SmallCap Index shed 0.36%.
The market breadth was positive. On the BSE, 1,211 shares rose and 1,809 shares fell. A total of 196 shares were unchanged.
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.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.31% to 7.458 compared with previous session close of 7.482.
In the foreign exchange market, the rupee remained unchanged against the dollar. The partially convertible rupee was hovering at 95.0750 compared with its close of 95.0750 during the previous trading session.
MCX Gold futures for the 4 December 2026 settlement fell 0.30% to Rs 1,43,705.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 102.41.
The United States 10-year bond yield advanced 0.54% to 5.013.
In the commodities market, Brent crude for the December 2026 settlement advanced $1.51 or 1.33% to $115.39 a barrel.
Stocks in Spotlight:
Larsen & Toubro (L&T) rallied 5.56% after the company reported a 32.50% increase in consolidated net profit to Rs 5,202 crore in Q2 FY27 as compared with Rs 3,926 crore in Q2 FY26. Revenue rose 15.84% year-on-year (YoY) to Rs 78,750 crore from Rs 67,984 crore in Q2 FY26.
Maruti Suzuki India rose 0.87%. The company reported a 26.88% year-on-year (YoY) decline in standalone net profit to Rs 2,414.9 crore in Q2 FY27, compared with Rs 3,302.8 crore in Q2 FY26, despite recording its highest-ever quarterly sales volume and net sales. Revenue from operations increased 26.11% YoY to Rs 50,615.5 crore in the quarter ended 30 September 2026, compared with Rs 40,135.8 crore in the corresponding quarter of the previous financial year.
Global Market:
Dow futures fell 92 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.
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