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Indices remain under pressure in late morning deals
Oct-28-2026

Domestic equity markets pared some losses but continued to trade under pressure in late morning deals amid selling by funds and retail investors. Rising crude oil prices dampened domestic sentiment. Crude oil prices rose after an attack on a refinery in Saudi Arabia, the world’s biggest crude exporter, renewed concerns around the risks to supply in the Middle East stemming from the conflict with Iran and its proxies.  Further, depreciation in Indian rupee against dollar also weighed down sentiments. Rupee weakened by 15 paise to 95.23 against the dollar. 

The Sensex fell 0.78%, while the Nifty dropped 0.58% amid selling in the stocks of Infosys, Tata Consultancy Services, ICICI Bank, Reliance Industries and Bharti Airtel. On the BSE sectoral front, traders were seen piling up positions in Industrials, Auto, Healthcare, Bankex and Capital Goods, while selling was witnessed in IT, TECK, Energy, Oil & Gas and Telecom. On the global front, Asian markets were trading mostly in the green following positive cues from the US markets overnight.   

The BSE Sensex is currently trading at 73022.81, down by 575.86 points or 0.78% after trading in a range of 72603.57 and 73316.46. There were 5 stocks advancing against 25 stocks declining on the index.

The top gaining sectoral indices on the BSE were Industrials up by 0.90%, Auto up by 0.83%, Healthcare up by 0.82%, Bankex up by 0.20% and Capital Goods up by 0.16%, while IT down by 2.93%, TECK down by 2.64%, Energy down by 1.91%, Oil & Gas down by 1.8 and Telecom down by 1.51% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 3.97%, State Bank of India up by 0.69%, Trent up by 0.47%, Axis Bank up by 0.11% and Interglobe Aviation up by 0.05%. On the flip side, Infosys down by 4.55%, TCS down by 3.20%, Tech Mahindra down by 2.96%, Hindustan Unilever down by 2.62% and ITC down by 2.56% were the top losers.

Meanwhile, Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged state governments to adopt prudent borrowing strategies, improve the quality of public expenditure and strengthen cash management practices to safeguard their fiscal health over the longer term.

Addressing the 36th Conference of State Finance Secretaries in Mumbai, the Governor also advised states to make effective use of the State Level Bankers' Committee (SLBC) forum. He also encouraged state governments to onboard the Unified Lending Interface (ULI) and use Programmable Central Bank Digital Currency (P-CBDC) for direct benefit transfers (DBT). 

The RBI said the conference was attended by finance secretaries from 27 states and three Union Territories, along with senior officials from the Union Finance Ministry, the Controller General of Accounts and the Comptroller and Auditor General of India. The conference reviewed states’ market borrowings, short-term financial accommodation provided by the RBI and the adoption of a benchmark issuance strategy for state government securities. 

The CNX Nifty is currently trading at 22616.80, down by 132.95 points or 0.58% after trading in a range of 22497.70 and 22691.50. There were 18 stocks advancing against 32 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 3.99%, Apollo Hospital up by 3.51%, SBI Life Insurance up by 2.12%, Bajaj Auto up by 1.92% and Trent up by 1.38%. On the flip side, Infosys down by 4.90%, TCS down by 3.27%, Tech Mahindra down by 3.27%, HCL Technologies down by 2.70% and ONGC down by 2.57% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 777.63 points or 1.21% to 64,046.00, Taiwan Weighted added 964.23 points or 2.05% to 47,060.46, Shanghai Composite strengthened 25.61 points or 0.7% to 3,673.91, KOSPI increased 369.26 points or 6.15% to 6,007.60, Hang Seng advanced 6.68 points or 0.03% to 23,048.00 and Straits Times rose 2.49 points or 0.05% to 5,399.52. However, Jakarta Composite plunged 87.07 points or 1.68% to 5,179.06.
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