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Nifty slips below 22700; Midcaps outperform
Oct 28 2026 6:07PM
Indian benchmark indices ended lower on October 28, with the Nifty closing around the 22,700 mark, dragged down by selling in information technology and oil and gas stocks.

Caution ahead of the US Federal Reserve’s policy decision and Brent crude prices holding around $115 per barrel following an attack on a Saudi Arabian refinery further weighed on investor sentiment.

At close, the Sensex was down 352.64 points or 0.48 percent at 73,246.03, and the Nifty was down 50.90 points or 0.22 percent at 22,698.85.

The broader markets outperformed the main indices with Nifty midcap index rising 0.4 percent and smallcap index jumps 0.9 percent.

Top Nifty losers were Infosys, Reliance Industries, ONGC, HCL Technologies and Bharti Airtel, while gainers were Apollo Hospitals, L&T, Trent, SBI Life Insurance and Interglobe Aviation.

Among sectors, Information Technology, Oil & Gas down 2% each, while Realty, energy,FMCG down 0.5 percent each. However, Auto, Consumer Durable, Media, Pharma up 1% each.

Among individual stocks, Jyoti Structures shares gained 15 percent after the company secured an order worth Rs 649 crore, Larsen & Toubro rose 3.7 percent after its Q2 consolidated profit jumped 33 percent, JSW Cement shares declined 1.4 percent after its Q2 consolidated profit fell and Syngene International shares rose 9 percent despite a 52 percent plunge in Q2 profit.

Gandhar Oil Refinery India shares slipped 17 percent despite a 368.4 percent surge in Q2 consolidated profit, while Piramal Pharma shares jumped 16 percent after the company turned profitable in the quarter.

Steel Authority of India shares fell 5 percent despite a 318.1 percent surge in Q2 consolidated profit. Meanwhile, Mazagon Dock Shipbuilders shares hit a 52-week low after HSBC maintained its 'reduce' rating and cut its target price to Rs 1,680 per share.

Indian rupee ended 11 paise lower at 95.23 per dollar on Wednesday against previous close of 95.12.

Around 220 stocks touched 52-week low, including AWL Agri Business, Dalmia Bharat, Waaree Energies, Latent View Analytics, Nestle India, Britannia Industries, HDFC Life Insurance, Mahindra & Mahindra Financial Services, Godrej Consumer Products, HDFC Bank, Colgate-Palmolive India, SBI Cards and Payment Services, JK Lakshmi Cement, Afcons Infrastructure, The Ramco Cements, Finolex Industries, EID Parry, Bharat Dynamics, HUDCO and Mazagon Dock Shipbuilders, among others.