Stock Market Today, 28 October 2026: Sensex Falls 353 Points, Nifty Below 22,700 as Jio Platforms Lists at 21% Premium

The Indian stock market ended lower on 28 October 2026, with the BSE Sensex falling 352.64 points, or 0.48%, to 73,246.03, while the Nifty 50 declined 50.90 points, or 0.22%, to 22,698.85. Selling in IT and oil & gas stocks weighed on the benchmarks, although Bank Nifty gained 0.54% and mid-cap and small-cap stocks outperformed.

The biggest development was Jio Platforms' stock market debut at a 21.36% premium, with shares listing at Rs 1,358 against the IPO price of Rs 1,119. Larsen & Toubro gained after strong Q2 FY27 results, while Infosys and Reliance Industries declined. Elevated crude oil prices, the rupee's weakness and the upcoming US Federal Reserve policy decision also influenced market sentiment.

Investors can track benchmark indices, sector performance, top gainers, losers and active stocks through the Stock Market Dashboard.

Stock Market Today: Sensex, Nifty 50 and Bank Nifty Closing

Indian benchmark indices finished in negative territory on Wednesday, but a recovery from intraday lows helped limit the losses.

Index	Closing Level	Change
BSE Sensex	73,246.03	-352.64 (-0.48%)
Nifty 50	22,698.85	-50.90 (-0.22%)
Bank Nifty	54,267.40	+292.50 (+0.54%)

Source: Finology Ticker market dashboard and Moneycontrol, 28 October 2026.

The Sensex touched an intraday low of approximately 72,603.57, while the Nifty fell to around 22,497.70 before recovering.

Market breadth remained relatively positive despite the benchmark decline. Of the 3,669 stocks traded on the NSE, 1,960 advanced, 1,584 declined and 125 remained unchanged.

The difference between benchmark performance and broader-market participation indicated that selling was concentrated in selected heavyweight stocks rather than across the entire market.

Key market highlights:

• Sensex Today: Closed at 73,246.03, declining 0.48%.

• Nifty 50 Today: Settled below 22,700 after recovering from its intraday low.

• Bank Nifty Today: Outperformed, gaining 0.54% to 54,267.40.

• Nifty IT: Fell 1.98%, making it the weakest among the major sector indices covered.

• Nifty Auto: Advanced 1.45%, supported by selective buying.

• Nifty Smallcap 100: Gained 0.90%, outperforming the benchmarks.

• Jio Platforms: Listed at a 21.36% premium and finished its first trading session above Rs 1,400.

Why Did the Stock Market Fall Today?

The stock market declined on 28 October primarily because of selling in information technology and oil & gas stocks. Higher crude oil prices, uncertainty ahead of the US Federal Reserve's policy decision and mixed corporate earnings also influenced trading.

1. IT stocks face selling pressure

The Nifty IT index declined 1.98% to 31,553.40.

Infosys, TCS, HCLTech and Tech Mahindra faced selling pressure as investors reassessed earnings expectations and technology-sector valuations.

Infosys was among the biggest benchmark losers, falling 3.43% to Rs 1,123.15. Tech Mahindra declined 1.92% to Rs 1,776.60.

The IT sector's weakness mattered because major technology companies carry significant weight in the Nifty 50 and Sensex.

2. Elevated crude oil prices

Brent crude traded around $115–116 per barrel during the session amid continuing geopolitical uncertainty in West Asia.

Higher oil prices can affect Indian markets through several channels:

• Higher import costs can increase pressure on India's trade balance.

• Rising energy costs can contribute to inflation.

• Oil-sensitive industries may experience margin pressure.

• Currency depreciation can increase the rupee cost of imported crude.

Energy stocks also weakened, with Reliance Industries declining 3.19% and ONGC falling 2.16%.

3. US Federal Reserve policy decision

Global investors remained cautious ahead of the US Federal Reserve's interest-rate announcement scheduled for later on 28 October.

The decision and accompanying policy commentary could influence US Treasury yields, the dollar, global capital flows and equity valuations.

For Indian markets, changes in international interest-rate expectations are relevant because they can affect foreign portfolio investment flows and risk appetite.

4. Mixed Q2 FY27 corporate earnings

Quarterly earnings created stock-specific movements.

Larsen & Toubro gained 3.72% following strong profit growth and record order inflows. Apollo Hospitals advanced 4.43%, while several pharmaceutical stocks also attracted buying.

However, not all companies reported improving profitability. Hyundai Motor India and Adani Enterprises reported declining profits despite higher revenues.

The session therefore reflected a combination of broader market concerns and company-specific earnings reactions.

Nifty 50 Today: Top Gainers and Losers

The Nifty 50 closed at 22,698.85, down 0.22%. Apollo Hospitals and Larsen & Toubro led the gains, while Infosys and Reliance Industries were among the biggest losers.

Top Nifty 50 Gainers (28 October 2026)

Stock	Share Price and Change
Apollo Hospitals	₹8,137.00 (+4.43%)
Larsen & Toubro	₹3,801.30 (+3.72%)
Trent	₹2,913.90 (+3.31%)
SBI Life Insurance	₹1,666.70 (+2.06%)
InterGlobe Aviation (IndiGo)	₹4,690.00 (+2.03%)

Apollo Hospitals was the strongest Nifty 50 performer, gaining 4.43%.

Larsen & Toubro's 3.72% rise followed its Q2 FY27 earnings announcement, which reported 33% profit growth and a substantial order book.

Trent, SBI Life Insurance and IndiGo also finished higher, indicating selective buying across consumption, insurance and aviation-related stocks.

Top Nifty 50 Losers (28 October 2026)

Stock	Share Price and Change
Infosys	₹1,123.15 (-3.43%)
Reliance Industries	₹1,158.00 (-3.19%)
ONGC	₹224.89 (-2.16%)
Tech Mahindra	₹1,776.60 (-1.92%)
Bharti Airtel	₹1,948.10 (-1.55%)

Infosys led the Nifty 50 losers, declining 3.43%.

Reliance Industries fell 3.19% on the same day that its subsidiary Jio Platforms made a strong stock-market debut.

ONGC and Tech Mahindra also declined, reflecting weakness in energy and technology stocks.

Source: Finology Ticker Nifty 50.

Sensex Today: Top Gainers and Losers

The BSE Sensex declined 352.64 points to 73,246.03, with heavyweight technology and energy companies contributing to the weakness.

Top Sensex Gainers (28 October 2026)

Stock	Share Price and Change
Larsen & Toubro	₹3,801.30 (+3.72%)
Trent	₹2,913.90 (+3.31%)
IndiGo	₹4,690.00 (+2.03%)
State Bank of India	₹956.80 (+1.24%)
Axis Bank	₹1,220.00 (+1.19%)

Larsen & Toubro was the strongest Sensex gainer, supported by its quarterly earnings announcement.

State Bank of India and Axis Bank also ended higher, contributing to the relative resilience of financial stocks.

Top Sensex Losers (28 October 2026)

Stock	Share Price and Change
Infosys	₹1,123.15 (-3.43%)
Reliance Industries	₹1,158.00 (-3.19%)
Tech Mahindra	₹1,776.60 (-1.92%)
Bharti Airtel	₹1,948.10 (-1.55%)
Eternal	₹326.00 (-1.51%)

Infosys and Reliance Industries were particularly important because of their significant weight in the benchmark index.

Their declines helped explain why the Sensex fell more sharply than the Nifty 50 in percentage terms, even as several banking and consumption-related companies gained.

Source: Finology Ticker BSE Sensex.

Bank Nifty Today: Banking Stocks Outperform the Market

Bank Nifty closed at 54,267.40, gaining 292.50 points or 0.54%, outperforming both the Sensex and Nifty 50.

The banking index recovered above 54,000, supported by buying in selected private-sector and public-sector banks.

Top Bank Nifty Gainers (28 October 2026)

Bank	Share Price and Change
AU Small Finance Bank	₹879.10 (+3.67%)
IDFC First Bank	₹73.53 (+3.04%)
IndusInd Bank	₹851.00 (+2.12%)
Federal Bank	₹346.00 (+1.29%)
State Bank of India	₹956.80 (+1.24%)

AU Small Finance Bank led the gains with a 3.67% rise, followed by IDFC First Bank at 3.04%.

IndusInd Bank, Federal Bank and SBI also advanced.

Top Bank Nifty Losers (28 October 2026)

Bank	Share Price and Change
YES Bank	₹15.61 (-1.82%)
Bank of Baroda	₹231.82 (-0.90%)
Union Bank of India	₹182.98 (-0.88%)
Punjab National Bank	₹120.31 (-0.79%)
ICICI Bank	₹1,377.60 (-0.67%)

Despite the index's positive performance, several lenders declined.

YES Bank fell 1.82%, while Bank of Baroda, Union Bank, Punjab National Bank and ICICI Bank also ended lower.

Investor takeaway: Bank Nifty's gain reflected selective strength rather than uniform buying across banking stocks. The index's ability to sustain levels above 54,000 will remain important in upcoming sessions.

Source: Finology Ticker Nifty Bank

Stock Market Sector Performance Today: Auto and Pharma Gain, IT Falls

Sectoral indices recorded mixed performance on 28 October.

Automobile, consumer durables and pharmaceutical stocks gained, while information technology, energy and FMCG indices declined.

Sectoral Index Performance (28 October 2026)

Sectoral Index	Closing Level and Change
Nifty Auto	25,707.35 (+1.45%)
Nifty Consumer Durables	34,738.60 (+1.41%)
Nifty Pharma	26,541.35 (+1.04%)
Nifty Financial Services	24,418.25 (+0.47%)
Nifty Private Bank	26,722.10 (+0.35%)
Nifty NBFC	48,096.31 (-0.33%)
Nifty FMCG	42,878.35 (-0.56%)
Nifty Energy	34,946.30 (-0.89%)
Nifty IT	31,553.40 (-1.98%)

Major sector trends

Nifty Auto gained 1.45%

The automobile index was the strongest among the major sectors listed above. Buying in selected automobile and related companies supported its performance.

Nifty Consumer Durables rose 1.41%

Consumer durables stocks also outperformed, indicating buying interest in selected consumer-facing businesses.

Nifty Pharma advanced 1.04%

Pharmaceutical and healthcare-related companies attracted investors despite weakness in the headline indices.

Nifty IT declined 1.98%

The technology sector was among the weakest performers, with Infosys and Tech Mahindra registering notable losses.

Nifty Energy fell 0.89%

Weakness in Reliance Industries and other energy-related companies weighed on the sector.

Overall, the performance showed that investors were differentiating between sectors rather than reducing exposure uniformly.

Broader Market Today: Small-Cap and Mid-Cap Stocks Outperform

The broader market performed better than the benchmark indices on Wednesday.

While the Nifty 50 declined 0.22%, the Nifty Smallcap 100 gained 0.90% and the Nifty Midcap 100 rose 0.43%.

Broader Market Index Performance (28 October 2026)

Index	Closing Level and Change
Nifty Smallcap 100	18,634.90 (+0.90%)
Nifty Midcap 100	57,274.70 (+0.43%)
Nifty Smallcap 500	19,404.40 (+0.26%)
Nifty Midcap 150	21,064.80 (+0.29%)
Nifty 500	21,727.45 (-0.03%)
Nifty Next 50	67,303.70 (-0.06%)

The Nifty Smallcap 100 was particularly strong, outperforming the Nifty 50 by approximately 1.12 percentage points.

Mid-cap indices also remained positive, while the broader Nifty 500 ended almost unchanged.

This difference indicates that several smaller and mid-sized companies continued attracting buying interest despite selling in major index constituents.

However, positive broader-market indices do not mean that every smaller company performed well. Individual stocks continued experiencing substantial price swings.

Source: Finology Ticker NSE market indices, 28 October 2026.

Top Gainers Today: Stocks Rising Up to 20%

Several stocks outside the benchmark indices recorded substantial gains on 28 October.

Manoj Ceramic and Ramky Infrastructure led the broader-market gainers, each rising 20%.

Top 10 Broader Market Gainers (28 October 2026)

Stock	Share Price and Change
Manoj Ceramic	₹95.40 (+20.00%)
Ramky Infrastructure	₹306.95 (+20.00%)
Indo US Bio-Tech	₹86.42 (+19.99%)
Alfa Transformers	₹39.61 (+19.99%)
Huhtamaki India	₹229.65 (+19.98%)
Welspun Investments	₹2,032.00 (+19.77%)
Game Changers Texfab	₹96.00 (+19.63%)
Sudarshan Colorants	₹439.40 (+19.45%)
Raghuvir Synthetics	₹83.00 (+19.13%)
Metroglobal	₹134.45 (+18.67%)

Other notable gainers included:

• Piramal Pharma: Rs 232.80, up 17.31%.

• Syngene International: Rs 411.70, up 12.49%.

• Jyoti Structures: Rs 10.33, up 14.65%.

The gains were spread across different industries, showing that company-specific developments remained influential.

These are percentage-return rankings from the broader listed-stock universe, not necessarily the largest companies by market capitalisation or trading value.

Source: Finology Ticker Top Gainers.

Top Losers Today: Stocks Falling More Than 10%

Several smaller and mid-sized companies experienced sharp selling pressure despite gains in broader-market indices.

Betex India, Gandhar Oil Refinery and Suryalakshmi Cotton Mills were among the weakest performers.

Top 10 Broader Market Losers (28 October 2026)

Stock	Share Price and Change
Betex India	₹381.50 (-18.13%)
Gandhar Oil Refinery	₹260.40 (-17.29%)
Suryalakshmi Cotton Mills	₹49.05 (-16.72%)
20 Microns	₹160.95 (-14.41%)
Yasho Industries	₹3,290.20 (-13.70%)
CarTrade Tech	₹2,463.00 (-12.68%)
PAN HR Solution	₹47.00 (-11.32%)
Mehul Telecom	₹115.55 (-11.12%)
Sai Capital	₹136.75 (-10.06%)
Vardhman Special Steels	₹328.25 (-10.01%)

Betex India declined 18.13%, while Gandhar Oil Refinery lost 17.29%.

CarTrade Tech also experienced substantial weakness, falling 12.68%.

The simultaneous presence of stocks gaining close to 20% and others falling more than 15% highlights the importance of stock-specific developments.

Source: Finology Ticker Top Losers.

Stocks at 52-Week Highs Today (28 October 2026)

Several companies appeared on the 52-week-high list, including pharmaceutical businesses, auto-component manufacturers and recently listed companies.

Share Prices

Stock	Share Price (₹)
Piramal Pharma	232.80
Acutaas Chemicals	3,706.50
Sahajanand Medical Technologies	471.15
Tonbo Imaging India	1,214.55
Laurus Labs	2,184.95
Sona BLW Precision Forgings	880.00
PVR INOX	1,444.60
Indian Hotels Company	807.00
Tips Music	795.00
Anand Rathi Wealth	2,273.95

Day's High

Stock	Day's High (₹)
Piramal Pharma	235.45
Acutaas Chemicals	3,977.00
Sahajanand Medical Technologies	558.80
Tonbo Imaging India	1,343.80
Laurus Labs	2,198.10
Sona BLW Precision Forgings	884.25
PVR INOX	1,516.65
Indian Hotels Company	815.25
Tips Music	798.00
Anand Rathi Wealth	2,288.75

Piramal Pharma and Laurus Labs were among the notable pharmaceutical companies on the list.

Recently listed businesses such as Tonbo Imaging India and Sahajanand Medical Technologies also recorded significant price activity.

A stock touching a fresh 52-week high may indicate positive momentum, but investors should assess earnings growth, valuations and business fundamentals before drawing investment conclusions.

Source: Finology Ticker 52-Week High.

Stocks at 52-Week Lows Today (28 October 2026)

Several well-known companies appeared on the 52-week-low list during Wednesday's session.

The list included banking, consumer, defence, renewable energy and automobile-related businesses.

Share Prices

Stock	Share Price (₹)
HDFC Bank	685.90
Mazagon Dock Shipbuilders	1,731.00
Waaree Energies	2,240.00
Godrej Consumer Products	819.50
ITC	259.00
Tata Motors Passenger Vehicles	263.55
Voltas	1,012.10
Max Financial Services	1,222.60
Bharat Dynamics	994.00
Nestlé India	1,168.00

Day's Low

Stock	Day's Low (₹)
HDFC Bank	668.90
Mazagon Dock Shipbuilders	1,688.35
Waaree Energies	2,162.00
Godrej Consumer Products	815.85
ITC	252.80
Tata Motors Passenger Vehicles	259.20
Voltas	930.30
Max Financial Services	1,193.70
Bharat Dynamics	987.00
Nestlé India	1,148.00

HDFC Bank, ITC and Nestlé India were among the prominent companies appearing on the list.

Defence-related businesses such as Mazagon Dock Shipbuilders and Bharat Dynamics also showed price weakness.

A stock touching a 52-week low does not automatically indicate undervaluation. Investors should examine financial performance, earnings expectations, industry conditions and valuation multiples.

Note: The tables show the displayed share price and the day's high or low. The intraday figure is not necessarily the exact 52-week extreme.

Source: Finology Ticker 52-Week Low.

Most Active Stocks Today: Trading Volume and Value

Trading activity was particularly strong in Jio Platforms following its stock-market debut.

PC Jeweller, Ola Electric Mobility and Vodafone Idea were also among the most actively traded companies by share volume.

Most Active Stocks by Trading Volume

Stock	Trading Volume
PC Jeweller	62.99 crore shares
Ola Electric Mobility	35.92 crore shares
Vodafone Idea	29.23 crore shares
Jio Platforms	17.73 crore shares
Piramal Pharma	11.81 crore shares
YES Bank	9.65 crore shares
Suzlon Energy	7.83 crore shares
Jyoti Structures	5.84 crore shares
Vedanta Iron & Steel	4.48 crore shares
Jaiprakash Power Ventures	3.66 crore shares

PC Jeweller recorded the highest number of shares traded among the companies listed above, followed by Ola Electric Mobility.

Trading volume measures the number of shares exchanged during a session. It does not directly indicate the monetary value traded.

Most Active Stocks by Traded Value

Stock	Traded Value
Jio Platforms	Rs 25,136.83 crore
Bharti Airtel	Rs 2,825.22 crore
Piramal Pharma	Rs 2,748.72 crore
Reliance Industries	Rs 2,532.15 crore
Larsen & Toubro	Rs 2,347.11 crore
HDFC Bank	Rs 1,955.45 crore
Infosys	Rs 1,756.21 crore
Syngene International	Rs 1,354.39 crore
Ola Electric Mobility	Rs 1,316.92 crore
ICICI Bank	Rs 1,311.38 crore

Jio Platforms dominated trading activity by value, with turnover exceeding Rs 25,000 crore.

Bharti Airtel, Piramal Pharma and Reliance Industries also recorded substantial traded value.

High trading volumes can reflect increased investor participation, news-related activity or volatility. However, volume alone does not establish whether institutions are accumulating or selling a stock.

Jio Platforms IPO Listing Today: Shares Debut at 21.36% Premium

Jio Platforms made its stock-market debut on 28 October 2026 following its approximately Rs 30,213 crore IPO.

The company's shares listed on the NSE and BSE at Rs 1,358, representing a 21.36% premium over the issue price of Rs 1,119.

The shares subsequently moved higher during the session, with the BSE closing price reaching Rs 1,417.35.

Jio Platforms Listing Performance

Particulars	Details
NSE Symbol	JPL
BSE Code	545004
IPO Issue Size	Approximately Rs 30,213 crore
IPO Issue Price	Rs 1,119
Listing Price	Rs 1,358
Listing Premium	+21.36%
Reported NSE Closing Price	Rs 1,419.00
BSE Closing Price	Rs 1,417.35
Gain Over Issue Price at BSE Close	+26.66%
BSE Intraday High	Rs 1,423.80
BSE Intraday Low	Rs 1,356.40
Traded Value on Market Dashboard	Rs 25,136.83 crore

The BSE closing price represented an increase of Rs 298.35 per share over the IPO issue price.

Jio Platforms IPO Subscription

The IPO had received strong demand from investors before listing.

Investor Category	Subscription
Qualified Institutional Buyers	70.55x
Non-Institutional Investors	14.00x
Retail Investors	2.72x
Overall IPO	22.19x

Institutional investors accounted for particularly strong demand, with the QIB category subscribed more than 70 times.

What the Jio Platforms Listing Means for Investors

The strong listing reflects the premium investors were willing to pay over the IPO price on the first trading day.

However, listing gains and long-term investment returns are different measures.

Investors evaluating the company after listing should examine:

• Subscriber additions and customer retention.
• Average revenue per user (ARPU) and tariff realisations.
• Monetisation of 5G investments.
• Broadband and home-connectivity growth.
• Enterprise and digital services revenue.
• Capital expenditure requirements.
• Operating cash flow and free cash flow.
• Valuation compared with earnings and future growth.

Interestingly, Reliance Industries declined 3.19% to Rs 1,158 on the same day.

Investor takeaway: Jio Platforms delivered a strong first-day performance, but future returns will depend on its operating performance, cash generation and valuation rather than the listing premium alone.

Sources: Jio Platforms Share Price, BSE/NSE listing information and Business Standard's IPO subscription report.

Paras Healthcare IPO Listing: Shares Open at 3.90% Premium

Paras Healthcare also made its stock-market debut on 28 October 2026.

The company listed at Rs 720 per share on the NSE and BSE, compared with its IPO issue price of Rs 693, representing a premium of 3.90%.

Particulars	Details
IPO Issue Price	Rs 693
NSE Listing Price	Rs 720
Listing Premium	+3.90%
IPO Lot Size	21 shares
Investment Per Lot at Issue Price	Rs 14,553
Value of One Lot at Listing	Rs 15,120
Listing Gain Per Lot	Rs 567

An intraday NSE quote of Rs 732.75 was also reported during the session. This was a trading quote, not a verified official closing price.

For investors evaluating Paras Healthcare after listing, important operating factors include hospital occupancy, average revenue per occupied bed, capacity expansion, operating margins and returns from new hospital investments.

Source: NSE/BSE listing information and market reports dated 28 October 2026.

Q2 FY27 Results Today: L&T, HUL, Adani Ports, TVS Motor and Other Companies

Quarterly corporate earnings were another major influence on the Indian stock market on 28 October.

A large number of companies announced results for the July–September 2026 quarter. Performance varied significantly across sectors, with some businesses reporting strong revenue and profit growth, while others faced margin pressure.

Larsen & Toubro Q2 FY27 Results: Profit Rises 33%

Larsen & Toubro reported strong consolidated earnings for the quarter ended 30 September 2026.

The company announced its results after market hours on 27 October, and its shares gained 3.72% to Rs 3,801.30 on 28 October.

Metric	Q2 FY27 Performance
Consolidated Revenue	Rs 78,750 crore
Revenue Growth	+16% YoY
Consolidated PAT	Rs 5,202 crore
PAT Growth	+33% YoY
EBITDA	Approximately Rs 6,845 crore
EBITDA Margin	Approximately 8.7%
Margin Change	Around -130 bps
Quarterly Order Inflows	Rs 1,47,665 crore
Order Inflow Growth	+28% YoY
Outstanding Order Book	Rs 8,53,514 crore

L&T's record quarterly order inflows were supported by demand across hydrocarbons, infrastructure, power transmission and other engineering businesses.

The outstanding order book of approximately Rs 8.54 lakh crore provides substantial visibility into future project execution and revenue opportunities.

However, the decline in EBITDA margin indicates that profitability did not improve at the same pace as revenue.

What investors should track: Order execution, working capital, international project margins, new order inflows and operating profitability.

Source: Larsen & Toubro Q2 FY27 exchange announcements, 27 October 2026.

Hindustan Unilever Q2 FY27 Results: Revenue Grows, Margins Contract

Hindustan Unilever reported higher revenue and profit in Q2 FY27, supported by strong underlying volume growth.

However, operating margins remained under pressure.

Metric	Q2 FY27 Performance
Consolidated Revenue from Operations	Rs 18,226 crore
Revenue Growth	+14.5% YoY
Consolidated PAT Attributable to Owners	Rs 2,790 crore
PAT Growth	+3.9% YoY
EBITDA	Rs 4,089 crore
Consolidated EBITDA Margin	22.4%
Underlying Volume Growth	7%
Interim Dividend	Rs 19 per share
Dividend Record Date	12 November 2026

The consolidated EBITDA margin declined from 23.8% in the corresponding quarter last year.

The company's own operating presentation reports turnover of Rs 18,071 crore and an EBITDA margin of 22.6%. This differs from the consolidated revenue-based EBITDA margin of 22.4% because of the reporting denominator used.

Underlying volume growth of 7% was a positive development, indicating improved sales volumes.

Nevertheless, margin contraction suggests that costs and profitability remain important areas to monitor.

What investors should track: Volume-led growth, product mix, input costs, advertising expenditure and EBITDA margin recovery.

Adani Ports Q2 FY27 Results: Revenue Rises 24%, Guidance Upgraded

Adani Ports and Special Economic Zone reported strong consolidated earnings in Q2 FY27.

Revenue grew 24% year-on-year, while EBITDA increased 23%.

Metric	Q2 FY27 Performance
Consolidated Revenue	Rs 11,340 crore
Revenue Growth	+24% YoY
EBITDA	Rs 6,807 crore
EBITDA Growth	+23% YoY
Consolidated PAT	Rs 3,682 crore
PAT Growth	+18% YoY

The company also upgraded its FY27 financial guidance.

FY27 Metric	Revised Guidance
Revenue	Rs 44,000-46,000 crore
EBITDA	Rs 26,000-27,000 crore
Capital Expenditure	Rs 15,000-17,000 crore

The higher guidance reflects management's expectations for growth across domestic ports, international ports, logistics and marine operations.

However, the increased capex guidance also means investors should monitor funding requirements, project execution and leverage.

What investors should track: Cargo volumes, international operations, logistics expansion, operating cash flows and net debt-to-EBITDA.

TVS Motor Q2 FY27 Results: Profit Jumps 52%

TVS Motor reported strong quarterly performance, supported by higher sales volumes and improved operating profitability.

Metric	Q2 FY27 Performance
Revenue from Operations	Rs 17,103 crore
Revenue Growth	+44% YoY
Standalone PAT	Rs 1,377 crore
PAT Growth	+52% YoY
EBITDA	Rs 2,219 crore
EBITDA Margin	13%
Quarterly Vehicle Sales	Approximately 19.1 lakh units

The company's total two-wheeler and three-wheeler sales increased during the quarter, supporting revenue growth.

EBITDA margin improved to 13% from 12.7% in the corresponding quarter last year.

TVS Motor also announced a proposed demerger of its consumer finance business, subject to necessary approvals.

What investors should track: Domestic two-wheeler demand, exports, electric vehicle sales, operating margins and developments related to the proposed demerger.

Source: TVS Motor Q2 FY27 results and October 2026 sales disclosures.

Hyundai Motor India Q2 FY27 Results: Profit Falls 24%

Hyundai Motor India reported higher revenue but weaker profitability during Q2 FY27.

Consolidated revenue increased 18.5%, while net profit declined approximately 23.9%.

Metric	Q2 FY27 Performance
Consolidated Revenue	Rs 20,696 crore
Revenue Growth	+18.5% YoY
Consolidated Net Profit	Rs 1,196 crore
Profit Change	-23.9% YoY
EBITDA	Rs 1,974.5 crore
EBITDA Change	-18.7% YoY
EBITDA Margin	9.5%
Year-Ago EBITDA Margin	13.9%

The decline in EBITDA margin was substantial despite strong revenue growth.

This divergence indicates that increased sales did not translate into higher operating earnings.

What investors should track: Raw-material costs, vehicle pricing, product mix, export profitability, domestic demand and margin recovery.

Source: Hyundai Motor India Q2 FY27 results, 28 October 2026.

Adani Enterprises Q2 FY27 Results: Revenue Surges 75%, Profit Declines

Adani Enterprises reported strong revenue growth but a decline in consolidated profit.

Metric	Q2 FY27 Performance
Revenue from Operations	Rs 37,216 crore
Revenue Growth	+75% YoY
Reported Net Profit	Rs 1,492 crore
Profit Change	Approximately -55% YoY
EBITDA	Approximately Rs 5,652 crore
EBITDA Margin	Approximately 15.2%

The large year-on-year profit decline should be interpreted alongside the previous year's earnings base, which included substantial exceptional gains.

This makes the quality and composition of earnings important when assessing the company's performance.

What investors should track: Segment profitability, exceptional items, project execution, financing costs and returns on new investments.

Source: Adani Enterprises Q2 FY27 financial results and 28 October earnings disclosures.

Vedanta Q2 FY27 Results: Continuing-Operations Profit Rises

Vedanta reported Q2 FY27 revenue from operations of Rs 26,356 crore.

The company's reported profit figures require careful interpretation because different measures reflect different accounting scopes.

Metric	Q2 FY27 Performance
Revenue from Operations	Rs 26,356 crore
EBITDA	Approximately Rs 9,915 crore
Profit from Continuing Operations	Approximately Rs 6,202 crore
Net Profit Attributable to Shareholders	Approximately Rs 3,650 crore

The Rs 6,202 crore profit measure relates to continuing operations, whereas Rs 3,650 crore represents a different reported profit basis.

Investors should not compare these figures interchangeably, particularly given the financial effects of the company's demerger.

What investors should track: Commodity prices, segment profitability, net debt, capital expenditure, cash flows and the financial impact of the demerger.

Source: Vedanta Q2 FY27 results and financial reporting dated 28 October 2026.

Other Important Q2 FY27 Results

Several other companies also reported quarterly earnings on 28 October.

Company	Key Q2 FY27 Development
PVR INOX	PAT rose 148% YoY to Rs 263 crore; revenue increased 16.9% to Rs 2,105 crore
Cholamandalam Investment and Finance	PAT of approximately Rs 1,630 crore; AUM reached around Rs 2.68 lakh crore
JSW Energy	Revenue rose approximately 23% to Rs 6,368.5 crore; reported net profit was Rs 1,056.4 crore
KPIT Technologies	Revenue increased approximately 1% QoQ to Rs 1,691 crore; EBITDA margin improved to 16.8%

Overall, quarterly earnings presented a mixed picture.

L&T, Adani Ports and TVS Motor reported strong growth, while Hyundai Motor India faced margin contraction. Adani Enterprises reported a profit decline affected by the previous year's exceptional gains.

For investors, revenue growth alone is insufficient to assess financial performance. Operating margins, earnings quality, cash flows and future guidance remain equally important.

IPO News Today: 28 October 2026

India's primary market remained active on 28 October, with two major IPO listings and several mainboard issues open for subscription.

Jio Platforms dominated the day's IPO news, while M.K.Sons Fine Jewels opened for bidding and EAAA India Alternatives entered its final subscription day.

Mainboard IPOs Open for Subscription

IPO Issue Sizes

IPO	Issue Size
BLS Polymers	₹255 crore
SFC Environmental Technologies	₹667.53 crore
EAAA India Alternatives	₹1,200 crore
M.K.Sons Fine Jewels	₹275.40 crore

IPO Price Bands

IPO	Price Band
BLS Polymers	₹142–150
SFC Environmental Technologies	₹313–330
EAAA India Alternatives	₹1,585–1,665
M.K.Sons Fine Jewels	₹153–162

IPO Lot Sizes

IPO	Lot Size
BLS Polymers	100 shares
SFC Environmental Technologies	45 shares
EAAA India Alternatives	9 shares
M.K.Sons Fine Jewels	91 shares

IPO Opening and Closing Dates

IPO	Subscription Dates
BLS Polymers	27–29 October 2026
SFC Environmental Technologies	27–29 October 2026
EAAA India Alternatives	26–28 October 2026
M.K.Sons Fine Jewels	28–30 October 2026

These four mainboard issues offered investors exposure to businesses operating across polymers, environmental technology, alternative asset management and jewellery retailing.

IPO Subscription Status Today

The following figures were reported in a provisional subscription-tracker snapshot on 28 October.

IPO	Reported Overall Subscription
BLS Polymers	19.31x
EAAA India Alternatives	0.65x
M.K.Sons Fine Jewels	0.20x
SFC Environmental Technologies	0.16x

These are time-specific third-party tracker readings rather than independently verified final NSE/BSE subscription totals.

BLS Polymers attracted relatively strong demand, while SFC Environmental Technologies and M.K.Sons Fine Jewels recorded lower subscription in the reported snapshot.

EAAA India Alternatives reached its final bidding day with comparatively subdued retail participation.

M.K.Sons Fine Jewels IPO Opens Today

M.K.Sons Fine Jewels opened its Rs 275.40 crore public issue on 28 October 2026.

The IPO consists of:

• Fresh issue: Rs 220.32 crore.

• Offer for sale: Rs 55.08 crore.

• Price band: Rs 153–162 per share.

• Lot size: 91 shares.

• Minimum retail application: Rs 14,742 at the upper price band.

• Closing date: 30 October 2026.

• Tentative listing date: 4 November 2026.

The company plans to use fresh-issue proceeds for store expansion, repayment of borrowings and general corporate purposes.

Investors evaluating the IPO should examine inventory levels, gold-price exposure, working-capital requirements, operating cash flows and valuations.

Read the M.K.Sons Fine Jewels IPO Analysis for details on its valuation and key risks.

Upcoming IPO: Bombay Coated & Special Steels

Bombay Coated & Special Steels is scheduled to open its IPO on 29 October 2026, with bidding closing on 2 November.

Particulars	Details
Issue Size	Rs 183.06 crore
Price Band	Rs 78–82
Lot Size	182 shares
Minimum Retail Application	Rs 14,924
Issue Structure	Entirely fresh issue
IPO Opening Date	29 October 2026
IPO Closing Date	2 November 2026

The company operates in the steel-processing industry.

Its business model makes supplier concentration, steel prices, working-capital requirements, borrowings and operating margins important considerations for investors.

IPO market takeaway: Jio Platforms recorded a strong listing, BLS Polymers attracted substantial subscription demand and new offerings continued entering the market. However, investors should evaluate each IPO separately based on financial performance, valuation and business risks.

Looking for upcoming listings? Check the latest IPO updates.

FII and DII Activity: Institutional Investors' Trading Data

Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) are important participants in the Indian equity market.

The official 28 October 2026 institutional cash-market figures were not independently verified for this update.

The latest consistently verified figures available were for the previous trading session, 27 October 2026.

Investor Category	Net Activity on 27 October
FII/FPI	+Rs 4,240.39 crore
DII	-Rs 1,250.03 crore

Foreign investors were net buyers on 27 October, purchasing equities worth Rs 4,240.39 crore on a net basis.

Domestic institutional investors were net sellers, with outflows of Rs 1,250.03 crore.

These figures relate to 27 October, not 28 October, and should not be interpreted as the institutional flows responsible for Wednesday's trading.

The final figures for 28 October should be checked through the official NSE FII/DII report.

Global Market News: Crude Oil, Rupee and US Federal Reserve

Global economic developments remained important for Indian equities on Wednesday.

Higher crude oil prices and uncertainty surrounding US monetary policy were among the major factors influencing market sentiment.

Crude oil prices remain elevated

Brent crude traded around $115–116 per barrel during the session.

Sustained high crude prices can increase India's import bill and put pressure on inflation and the rupee.

Industries with significant fuel or petroleum-linked input costs may face profitability pressure if higher expenses cannot be passed on to customers.

Indian rupee weakens against the dollar

The Indian rupee weakened during Wednesday's trading session.

Moneycontrol reported a closing level of approximately Rs 95.23 per US dollar, compared with Rs 95.12 in the previous session, indicating an 11-paise depreciation.

Other provisional market quotes were around Rs 95.28 at different reporting times.

Currency depreciation can raise the cost of imports, particularly crude oil and dollar-denominated inputs, although its impact varies across industries.

US Federal Reserve interest-rate decision

The US Federal Reserve's policy announcement was scheduled for 28 October 2026 at approximately 11:30 PM IST.

The market was awaiting the interest-rate decision and comments on inflation and the future policy outlook.

The announcement could influence global bond yields, currency movements and international equity-market sentiment.

Key Risks for Stock Market Investors

Although several sectors outperformed, the trading session highlighted risks that investors should continue monitoring.

• IT sector weakness: Continued selling in heavyweight IT companies could weigh on the Nifty and Sensex.

• Elevated crude oil prices: Sustained high energy prices may affect inflation, imports and operating margins.

• Global interest-rate uncertainty: The US Federal Reserve's decision could influence capital flows and market valuations.

• Rupee depreciation: A weaker currency may increase costs for import-dependent businesses.

• Corporate margin pressure: Revenue growth may not translate into stronger profits if costs remain elevated.

• Small-cap volatility: Sharp movements in individual stocks indicate significant stock-specific risk.

• IPO valuation risk: Strong listing premiums can increase expectations for future growth.

• Institutional flow uncertainty: Changes in FII and DII activity can influence short-term market liquidity and sentiment.

Investors should distinguish between temporary market movements and changes in a company's underlying financial performance.

What Investors Should Track Next

The next trading session will be influenced by reactions to the Federal Reserve's policy announcement, quarterly earnings and continuing sector-specific movements.

Area	What Investors Should Monitor
Nifty 50	Whether the index stabilises after closing at 22,698.85
Sensex	Recovery in IT and other heavyweight stocks
Bank Nifty	Sustainability of gains above 54,000
Nifty IT	Whether selling in major technology stocks moderates
Auto and Pharma	Continuation of relative sectoral outperformance
Jio Platforms	Post-listing price behaviour, valuation and trading volumes
Q2 FY27 Results	Operating margins, earnings quality, guidance and cash flow
IPO Market	Final subscriptions for ongoing public issues
FII/DII Activity	Confirmed institutional cash-market flows for 28 October
Crude Oil	Impact of sustained high prices on inflation and corporate costs
US Federal Reserve	Interest-rate decision and monetary-policy commentary
Indian Rupee	Exchange-rate movements against the US dollar
Broader Markets	Whether positive market breadth and small-cap gains continue

Investors should also monitor whether buying interest returns to heavyweight companies. The divergence between benchmark performance and smaller stocks has been an important feature of recent trading sessions.

Stock Market Today, 28 October 2026: Key Takeaways

The Indian stock market closed lower on 28 October, with the Sensex declining 352.64 points to 73,246.03 and the Nifty 50 falling 50.90 points to 22,698.85. Bank Nifty outperformed, gaining 0.54% to 54,267.40.

Selling in IT and energy companies weighed on the benchmarks, while auto, pharma, banking and selected broader-market stocks remained resilient.

The biggest developments were:

• Jio Platforms listed at a 21.36% premium, with its BSE share price closing at Rs 1,417.35.

• Larsen & Toubro gained 3.72% following strong quarterly results and record order inflows.

• Nifty IT declined 1.98%, with Infosys among the biggest benchmark losers.

• Nifty Auto gained 1.45% and Nifty Pharma advanced 1.04%.

• Small-cap stocks outperformed, with the Nifty Smallcap 100 rising 0.90%.

• Corporate earnings remained mixed, with strong growth at Adani Ports and TVS Motor but margin pressure at Hyundai Motor India.

• IPO activity remained strong, with BLS Polymers attracting demand and M.K.Sons Fine Jewels opening for subscription.

• Elevated crude oil prices and the Federal Reserve decision remained major external factors to monitor.

The day's performance showed that weakness in benchmark indices did not translate into a uniform market decline. Investors continued differentiating between companies based on sector outlook, financial results and business-specific developments.

Frequently Asked Questions About Stock Market Today

1. What happened in the stock market today, 28 October 2026?

The Indian stock market closed lower on 28 October 2026. The BSE Sensex fell 352.64 points, or 0.48%, to 73,246.03, while the Nifty 50 declined 50.90 points, or 0.22%, to 22,698.85. Bank Nifty gained 0.54% to close at 54,267.40.

2. Why did the Sensex and Nifty fall today?

The Sensex and Nifty declined primarily because of selling in IT and oil & gas stocks. Infosys and Reliance Industries were among the major losers. Elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision also influenced investor sentiment.

3. Which were the top Nifty 50 gainers and losers today?

Apollo Hospitals was the top Nifty 50 gainer on 28 October 2026, rising 4.43%, followed by Larsen & Toubro at 3.72% and Trent at 3.31%. Infosys was the biggest loser, falling 3.43%, followed by Reliance Industries at 3.19% and ONGC at 2.16%.

4. At what price did Jio Platforms shares list on 28 October 2026?

Jio Platforms shares listed at Rs 1,358 on the NSE and BSE, representing a premium of 21.36% over the IPO issue price of Rs 1,119. The shares closed at Rs 1,417.35 on the BSE, reflecting a 26.66% gain over the issue price.

5. Which IPOs were open for subscription on 28 October 2026?

BLS Polymers, SFC Environmental Technologies, EAAA India Alternatives and M.K.Sons Fine Jewels were open for subscription on 28 October 2026. EAAA India Alternatives closed for bidding that day, while BLS Polymers and SFC Environmental Technologies were scheduled to close on 29 October and M.K.Sons Fine Jewels on 30 October.

Data accuracy note: Market figures are based on the 28 October 2026 closing session and approximately 3:59–4:01 PM IST market snapshots. Company earnings figures distinguish between consolidated profit, standalone profit, profit attributable to shareholders and profit from continuing operations where applicable. IPO subscription figures are provisional tracker readings. Unverified 28 October FII/DII totals have not been estimated. Exchange-specific share prices and quotes captured at different times may vary.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy, sell or hold securities.