Stock Market Today 28 Oct: Nifty Falls 0.22% to 22,699
On this page 14 sections
In short: The Nifty 50 lost 50.90 points (−0.22%) to 22,698.85 and the Sensex fell 352.64 points (−0.48%) to 73,246.03. Bank Nifty gained 0.54%. Nifty Auto was the best sector (+1.45%) and Nifty Oil & Gas the weakest (−2.27%). Market breadth was positive: 1,528 stocks rose and 1,350 fell.
Today at a glance
| Index | Close | Change (pts) | Change (%) |
|---|---|---|---|
| Nifty 50 | 22,698.85 | −50.90 | −0.22% |
| Sensex | 73,246.03 | −352.64 | −0.48% |
| Bank Nifty | 54,267.40 | +292.50 | +0.54% |
| India VIX | 16.25 | −0.16 | −0.96% |
| Broader market | Change (%) |
|---|---|
| Nifty Midcap 100 | +0.43% |
| Nifty Smallcap 100 | +0.90% |
Market breadth: 1,528 stocks rose and 1,350 fell on NSE (main equity segment).
Sector performance
| Sector | Change (%) |
|---|---|
| Nifty Auto | +1.45% |
| Consumer Durables | +1.41% |
| Nifty Media | +1.38% |
| Healthcare | +1.15% |
| Nifty Pharma | +1.04% |
| Nifty Bank | +0.54% |
| Financial Services | +0.47% |
| Nifty PSU Bank | +0.08% |
| Nifty Metal | −0.32% |
| Nifty FMCG | −0.56% |
| Nifty Energy | −0.89% |
| Nifty Realty | −0.89% |
| Nifty IT | −1.98% |
| Nifty Oil & Gas | −2.27% |
Top gainers and losers (Nifty 50)
| Top gainers | Close (₹) | Change (%) |
|---|---|---|
| Apollo Hospitals Enterprise | 8,137.00 | +4.43% |
| Larsen & Toubro | 3,801.30 | +3.72% |
| Trent | 2,913.90 | +3.31% |
| SBI Life Insurance Company | 1,666.70 | +2.06% |
| InterGlobe Aviation | 4,690.00 | +2.03% |
| Top losers | Close (₹) | Change (%) |
|---|---|---|
| Infosys | 1,123.15 | −3.43% |
| Reliance Industries | 1,158.00 | −3.19% |
| Oil & Natural Gas Corporation | 224.89 | −2.16% |
| Tech Mahindra | 1,776.60 | −1.92% |
| Bharti Airtel | 1,948.10 | −1.55% |
Market Mood: 43/100 (Fear). See the Market Mood Meter.
In the news today
- The Week Ahead: Earnings Season, Fed Policy Verdict And Crude Oil In Focus
- Telecom could become one of Nifty’s biggest sectors after financials, says ICICI Securities
- IT stocks drag Sensex, Nifty lower at open; Jio Platforms debut, Fed decision in focus
- Gold slips on oil-fuelled inflation fears ahead of Fed meeting
- Gold, silver prices today: How the Fed decision could influence bullion rates
- Stock market crash today: Sensex plunges 995 points, Nifty sheds 1% ahead of Fed decision: Here's what spooked D-Street
Results
Results with numbers today (48):
| Company | What the result shows (vs a year ago) | Stock today |
|---|---|---|
| 🟢 Adani Port & Sez | profit ₹3,622 cr (+16.5%) · revenue +23.7% | +0.4% |
| ⚪ Vedanta Aluminium Metal L | profit ₹5,167 cr | +1.4% |
| 🟡 Vedanta | profit ₹3,650 cr (+103.0%) · revenue -33.9% | +3.3% |
| 🟢 Cholamandalam In & Fin Co | profit ₹1,630 cr (+40.6%) · revenue +23.8% | +5.2% |
| 🟢 Bandhan Bank | profit ₹622 cr (+455.8%) · NII +14.4% | +2.3% |
| 🟢 Info Edge (I) | profit ₹480 cr (+51.6%) · revenue +12.2% | −2.2% |
| 🔴 United Spirits | profit ₹428 cr (-7.8%) · revenue -2.6% | −3.4% |
| 🔴 Cartrade Tech | profit ₹59 cr (-0.3%) · revenue +10.2% | −12.6% |
| 🔴 Hyundai Motor India | profit ₹1,196 cr (-23.9%) · revenue +18.5% | +0.3% |
| 🟢 Pnb Housing Fin | profit ₹617 cr (+6.0%) · revenue +13.9% | +3.9% |
| 🟢 Birlasoft | profit ₹160 cr (+37.5%) · revenue +6.6% | −1.8% |
| 🟢 Anant Raj | profit ₹157 cr (+13.6%) · revenue +4.9% | −0.7% |
Also reported today, figures awaited (66): Adani Enterprises, Meesho, Hindustan Unilever, TVS Motor Company, Hero MotoCorp, Aeroflex Industries, Gmr Airports, KPIT Technologies
Due Thursday, 29 Oct (116): Welspun Corp, Trent, InterGlobe Aviation, Laurus Labs, Suzlon Energy, Pine Labs, Coal India, Apar Industries
Full list: Results calendar.
IPO watch
- EAAA India Alternatives (Mainboard): open till 28 Oct, subscribed 5.25 times so far
- SFC Environmental Technologies (Mainboard): open till 29 Oct, subscribed 0.27 times so far
- BLS Polymers (Mainboard): open till 29 Oct, subscribed 35.25 times so far
- M. K. Sons Fine Jewels (Mainboard): open till 30 Oct, subscribed 0.65 times so far
- Bombay Coated and Special Steels (Mainboard): opens 29 Oct
More: IPO tracker.
Commodities (MCX)
| Commodity | Price | Change |
|---|---|---|
| Gold (₹/10 g) | ₹1,44,230 | +0.06% |
| Silver (₹/kg) | ₹1,96,400 | −0.16% |
| Crude oil (₹/bbl) | ₹9,695 | +2.07% |
| Natural gas (₹/mmBtu) | ₹293.2 | +1.66% |
| Copper (₹/kg) | ₹1,400.60 | +0.23% |
Stock lists
12 stocks hit a 52-week high, 93 are near a 52-week low and 75 traded at 3x their normal volume. See today's stock lists.
Why the market moved
- Nifty Auto led the gains (+1.45%), helped by Eicher Motors +1.9%, Maruti Suzuki India +1.1%, Tata Motors Passenger Vehicles +0.9%.
- Nifty Oil & Gas was the weakest sector (−2.27%), with Reliance Industries −3.2%, Oil & Natural Gas Corporation −2.2%, Coal India −1.5%.
- Results reactions: Gandhar Oil Refinery (India) −17.2%, Piramal Pharma +17.1%, Cartrade Tech −12.6%, Syngene International +12.2%, Sudeep Pharma +9.4%.
- Breadth: more stocks rose than fell (1,528 up, 1,350 down), so the move was narrow, led by a few large stocks.
Levels for Thursday, 29 October
| Index | Close | Resistance (R1, R2) | Support (S1, S2) |
|---|---|---|---|
| Nifty 50 | 22,699 | 22,819, 22,939 | 22,538, 22,378 |
| Bank Nifty | 54,267 | 54,596, 54,925 | 53,782, 53,297 |
| Sensex | 73,246 | 73,646, 74,047 | 72,725, 72,203 |
How to read them: Nifty closed near the day's high (22,498–22,778). A move above 22,819 would take it towards 22,939; below 22,538, the next level is 22,378. Bank Nifty's first levels are 54,596 above and 53,782 below.
Weekly levels (week of 26–30 October)
| Index | Weekly resistance | Weekly support |
|---|---|---|
| Nifty 50 | 23,060, 23,519 | 22,256, 21,912 |
| Bank Nifty | 55,467, 56,646 | 53,525, 52,763 |
Stocks to watch on Thursday
Volume and momentum
| Stock | Move today | Why it is on the list |
|---|---|---|
| Ramky Infra | +17.38% | 111x its usual volume |
| Aarti Drugs | +11.35% | 68x its usual volume |
| Piramal Pharma | +17.15% | 51x its usual volume, at a 52-week high |
| Syngene International | +12.19% | 44x its usual volume |
| Sudarshan Colornt Ind | +18.17% | 41x its usual volume |
Weakness watch
| Stock | Move today | Why it is on the list |
|---|---|---|
| Subros | −3.26% | 48x its usual volume |
| Jsw Dulux | −1.39% | 17x its usual volume, near its 52-week low |
| Styrenix Performance | −7.75% | 16x its usual volume |
| Cartrade Tech | −12.64% | 15x its usual volume |
| Stylam Industries | −10.02% | 13x its usual volume |
Events to watch
- Thursday, 29 Oct: BLS Polymers IPO closes.
- Thursday, 29 Oct: Bombay Coated and Special Steels IPO opens (₹78–82).
- Thursday, 29 Oct: SFC Environmental Technologies IPO closes.
- Thursday, 29 Oct: results from Welspun Corp, Trent, InterGlobe Aviation, Laurus Labs, Suzlon Energy, Pine Labs and 110 more.
- Friday, 30 Oct: M. K. Sons Fine Jewels IPO closes.
- Friday, 30 Oct: results from Reliance Industries, PB Fintech, Bharat Electronics, Dixon Technologies (India), Max Healthcare Institute and 130 more.
- Saturday, 31 Oct: results from NTPC, Muthoot Finance, Central Depository Services (India), Neogen Chemicals, Shyam Metalics and Energy and 53 more.
- Sunday, 01 Nov: results from Power Grid Corporation of India, Sai Parenterals, Power Grid Corporation of India.
Pokharna Research view
Nifty is -2.6% from its 50-day average and -5.7% from its 200-day average, and the Market Mood reads 43/100 (Fear). Losses were heaviest in Nifty Oil & Gas, while breadth was positive. Next up: 116 results, including Welspun Corp, Trent, InterGlobe Aviation, Laurus Labs. These are the main stock-specific triggers to watch.
This report is educational and informational. It is not investment advice, and nothing here is a call to trade any security or index. Pokharna Research does not claim SEBI registration.