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Benchmarks continue to trade below neutral lines in late afternoon deals
Oct-28-2026

Indian equity markets managed to recover most of their earlier losses in the late-afternoon session as traders picked up beaten-down stocks following recent weakness in the markets. Further, fresh capital inflows from foreign institutional investors (FIIs) uplifted the trading sentiments. FIIs were the net buyers on Tuesday’s session, buying securities worth Rs 4,240.39 crore. Despite the recovery, markets continued to trade in negative territory as elevated global crude oil prices continued to weigh on risk sentiments. The Brent crude oil prices were trading above $115 a barrel mark after attack on Saudi Arabia’s refinery fuelled supply concerns.

Both Sensex and Nifty were trading below the neutral lines, as Sensex faced selling pressure amid weakness in oil & gas, IT and metal stocks. Meanwhile, strong buying among healthcare and hospital, utility, and pharmaceutical stocks has helped Nifty to trim losses. 

On the global front, Asian equity markets were trading mostly in green tracking positive cues from Wall Street overnight amid renewed optimism over artificial intelligence demand. European equity markets were trading lower as market participants await cues from tech earnings and the upcoming Federal Reserve's interest-rate decision.

The BSE Sensex is currently trading at 73272.79, down by 325.88 points or 0.44% after trading in a range of 72603.57 and 73525.44. There were 14 stocks advancing against 16 stocks declining on the index.

The top gaining sectoral indices on the BSE were Auto up by 1.15%, Consumer Durables up by 1.09%, Healthcare up by 1.09%, Industrials up by 0.92% and Consumer Discretionary up by 0.52%, while Energy down by 2.18%, IT down by 2.16%, Oil & Gas down by 2.06%, TECK down by 1.92% and Telecom down by 1.47% were the losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 3.54%, Trent up by 1.61%, Interglobe Aviation up by 1.52%, State Bank of India up by 1.06% and Axis Bank up by 0.84%. On the flip side, Infosys down by 3.61%, Reliance Industries down by 2.70%, Bajaj Finserv down by 1.86%, TCS down by 1.75% and HCL Technologies down by 1.23% were the top losers.

Meanwhile, Union Petroleum Minister Hardeep Singh Puri has said that India has faced no pressure from the United States (US) to reduce its imports of Russian crude. He said Indian refiners would purchase crude from suppliers offering the most competitive prices, with energy security remaining a key priority amid global market uncertainties. He added that India was not particularly sourcing Russian oil at present, but the decisions in this regard were guided by commercial considerations rather than pressure from any country. 

The minister's remarks come amid growing international scrutiny of India's Russian crude purchases and Western efforts to restrict Moscow's oil revenues following Russia's invasion of Ukraine. Referring to the restrictions imposed on two Russian entities, Rosneft and Lukoil, Puri said buyers could source oil from other suppliers, including those in the United Arab Emirates (UAE). He also highlighted India's diversified energy investments and sourcing strategy, including investments in Saudi Arabia and other locations.

He stressed that India, as one of the world's major energy-consuming nations, could not compromise on its energy security amid geopolitical tensions and volatility in international markets. He also pointed out the complexity of global oil and petroleum-product trade, and noted that procurement decisions involved several commercial and supply considerations. India's approach was guided by the need to ensure reliable supplies while managing costs for consumers and the broader economy.

The CNX Nifty is currently trading at 22695.95, down by 53.80 points or 0.24% after trading in a range of 22497.70 and 22778.05. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 4.02%, Apollo Hospital Enterprise up by 3.71%, SBI Life Insurance up by 2.73%, Interglobe Aviation up by 2.20% and Trent up by 1.98%. On the flip side, Infosys down by 4.30%, Reliance Industries down by 2.90%, ONGC down by 2.55%, HCL Technologies down by 1.99% and TCS down by 1.83% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 791.63 points or 1.24% to 64,060.00, Taiwan Weighted added 939.35 points or 2% to 47,035.58, Hang Seng advanced 25.68 points or 0.11% to 23,067.00, KOSPI increased 374.10 points or 6.22% to 6,012.44, Straits Times rose 0.03 points or 0% to 5,397.06 and Shanghai Composite strengthened 33.17 points or 0.9% to 3,681.47, while Jakarta Composite plunged 8.3 points or 0.16% to 5,257.83.

European equity markets were trading lower; UK’s FTSE 100 decreased 24.05 points or 0.23% to 10,662.49, France’s CAC fell 3.34 points or 0.04% to 7,883.80 and Germany’s DAX lost 42.37 points or 0.17% to 25,548.40.
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