Business · Markets · 2 hrs ago
Indian shares fall as investors track company earnings
Indian shares ended lower on Wednesday, despite positive signals from global markets, as investors sold major stocks.
The Nifty 50 closed at 22,699, down 51 points, and has struggled to hold gains above this level.
The index faces resistance at 22,800, a level that analysts say it needs to break and stay above to improve the outlook for a recovery.
Investors are watching company results and other business updates, including fundraising plans and regulatory developments.
Hero MotoCorp and TVS Motor reported higher quarterly profits, while Meesho’s loss narrowed and its revenue increased.
These results offer a picture of how companies performed in the quarter ending in September, but the wider market remains under pressure.
Investors will continue tracking earnings and company updates as trading resumes on Thursday.
Indian equity benchmarks ended lower on Wednesday, as selling in information technology and oil and gas shares weighed on the market.
The Nifty 50 closed at 22,698.85, down 50.90 points, or 0.22%, for a second consecutive session of losses.
A spike in crude oil prices after an attack on a Saudi Arabian refinery added pressure, while a recovery in banking stocks limited the decline.
Jio Platforms made its stock market debut, and investors tracked company earnings and other business updates.
- Who
- Indian equity investors and companies whose shares were in focus.
- What
- Indian shares fell as IT and oil and gas stocks declined; banking stocks recovered and limited losses.
- When
- Wednesday, October 28, 2026.
- Where
- Indian equity markets.
- Why
- A rise in crude oil prices and selling in IT stocks weighed on sentiment. The sources also said investors were tracking company earnings.
This story does not have two clearly opposing sides.
The Nifty opened at 22,678 and fell to an intraday low of 22,497.70 within the first 75 minutes.
The Nifty recovered nearly 280 points from its low before giving back some gains in the final two hours.
The Nifty 50 ended at 22,698.85, down 50.90 points, while the Sensex closed 352.64 points lower.
Jio Platforms made its stock market debut, and its debut trading volumes helped lift NSE cash-market turnover.
- Nifty 50 close
- 22,698.85, down 50.90 points or 0.22%
- Sensex close
- 73,246.03, down 352.64 points
- Bank Nifty close
- 54,267.40, up 292.50 points
- NSE cash-market turnover
- Rose 8% from the previous session
- Brent crude
- Near $114–115 per barrel
- Rupee close
- 95.22 against the dollar, down 10 paise
2 sources
What people are saying
Domestic equities remained volatile and traded lower as a fresh spike in crude oil prices and sharp selling in IT stocks weighed on investor sentiment.
IT stocks led the decline, with profit-booking emerging after their recent outperformance.
In 15 out of the 18 trading sessions since October 1, the index has recorded an intraday range exceeding 200 points, highlighting the prevailing volatile market environment.