Sensex fell by 500 points, Nifty tested the 22,600 mark; PC Jeweller shares rose by 8% after second-quarter report

On the National Stock Exchange (NSE), the Sensex index showed a decline of 500 points, while the Nifty approached the 22,600 level. In broader markets, the Nifty MidCap and Nifty SmallCap indices demonstrated drops of 1.04% and 0.91%, respectively.

As of 9:18 AM, the Sensex fell by 572.62 points or 0.78%, reaching 73,137.07, while the Nifty50 decreased by 199.15 points or 0.87%, settling at 22,610.30. Among the main losers in the Nifty50 index were Power Grid Corporation, Mahindra & Mahindra, and Nestle India. Sectorally, Nifty Chemical, Nifty Auto, and Nifty Metal showed reduced performance, whereas Nifty recorded growth.

As part of the second-quarter (Q2FY27) reporting, results from companies such as Adani Energy Solutions, Adani Total Gas, BlueStone Jewellery and Lifestyle, Chennai Petroleum Corporation, CIE Automotive India, Colgate-Palmolive (India), CreditAccess Grameen, Cyient, Hatsun Agro Product, Havells India, Hindustan Petroleum Corporation, Jammu & Kashmir Bank, Jindal Stainless, Mahindra Lifespace Developers, Maharashtra Scooters, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Orient Cement, Paisalo Digital, Pitti Engineering, Rallis India, Sagility, Sapphire Foods India, Swiggy, and Tata Teleservices (Maharashtra) will be announced on Monday.

Sectoral Index Dynamics

In the early trading sessions, all major sectoral indices traded in the negative. The largest drop was recorded by Nifty Metal, which declined by almost 2%. Furthermore, Nifty FMCG and Nifty Pharma each lost 1.4%, and Nifty Auto also significantly dropped by 1.88%.

The broader market also showed deteriorating indicators: the Nifty Midcap 100 index fell by 1.53%, and the Nifty Smallcap 100 index lost 1.4%, which was worse than the benchmark Nifty 50 index.

At the 30-point level, only five stocks in the Sensex were trading higher, while 25 were in the red zone. The technology company Tech Mahindra led the gainers, showing an increase of only 0.28%. PowerGrid was the worst performer, losing 2.5%. Among other stocks that fell the most were Maruti Suzuki, M&M, Tata Steel, Bajaj Finserv, and IndiGo.

During the opening of trading, the Nifty 50 lost 157 points or 0.69%, opening at 22,626 on Thursday. Earlier, at the open, the Sensex index had fallen by 511 points or 0.69% to 73,198 amid rising crude oil prices to $110. Before trading began, the Nifty 50 was already down by 124 points or 0.54% at 22,687, and the BSE Sensex had fallen by more than 350 points in preliminary trades, reaching 73,337.

Regarding the foreign exchange market, the rupee opened stable against the US dollar at 94.47 on Thursday.

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business-standard.comOctober 19, 05:23

GIFT Nifty predicts sluggish opening, while Asian markets decline amid falling Brent oil prices

The GIFT Nifty indicator signaled a possible sluggish opening for the Nifty50 index, while Asian markets traded lower at the start of trading.

According to data from Monday, October 19, 2026, GIFT Nifty futures traded without significant fluctuations but with a negative bias, reaching the level of 23,112.

Asian-Pacific markets showed a sharp decline, reflecting the sentiment observed on Wall Street last Friday. Investors were concerned about the pace of growth in artificial intelligence development. Specifically, the Japanese Nikkei 225 fell by 1.15 percent, and the Korean Kospi fell by 0.12 percent.

Last Friday, the Dow Jones Industrial Average and S&P 500 closed down by 0.34 percent and 1.09 percent, respectively, while the Nasdaq Composite ended the session with a drop of 2.14 percent.

Brent oil decreased during the Asian session after the US lifted sanctions and tariffs on Russian oil, which weakened supply concerns. December futures traded at 108.10, corresponding to a fall of 1.5 percent.

Gold and silver futures rose by 0.26 percent and 0.35 percent, respectively.

Decline in Asia-Pacific Markets

Asia-Pacific markets traded significantly lower, linked to movements on Wall Street last Friday. The main factor influencing investors was concerns about the speed of artificial intelligence infrastructure development. For instance, Japan's Nikkei 225 and South Korea's Kospi showed declines of 1.15% and 0.12%, respectively.

Rise in US Stock Market Futures

US stock market futures showed an increase on Monday morning as oil prices fell after the US eased restrictions on Russian oil. Dow Jones and S&P 500 futures rose by 0.46% and 0.7%, respectively. However, last Friday, the Dow Jones Industrial Average and S&P 500 closed down by 0.34% and 1.09%, and the Nasdaq Composite ended trading with a drop of 2.14%.

Second Quarter Results Update

On Monday, the release of second-quarter results (Q2FY27) is scheduled for companies such as Bajaj Finance, Bhansali Engineering Polymers, Delta Corp, Elevate Campuses, Gallantt Ispat, HFCL, Hindustan Zinc, Indian Renewable Energy Development Agency (IREDA), Jaiprakash Power Ventures, Just Dial, L&T Technology Services, Piramal Finance, SML Mahindra, Sobha, Tatva Chintan Pharma Chem, UltraTech Cement, Union Bank of India, and Waaree Renewable Technologies.

www.aajtak.inOctober 13, 13:59

Investors earned over 400,000 crore rupees in the stock market after sharp index rises

On Tuesday, the Indian stock market proved favorable for investors. The last hour of trading was particularly significant when news emerged that caused a rapid rise in both the Sensex and Nifty indices.

The Bombay Stock Exchange (BSE) showed an impressive increase in its Sensex index by more than 1100 points, surpassing the 73,000 mark. Meanwhile, the Nifty index of the National Stock Exchange (NSE) suddenly crossed the 22,700 mark, demonstrating a jump of more than 350 points.

Thanks to this strong growth in the stock market, investors were able to realize significant profits, earning over 400 million crore rupees.

Trading on the stock market on Tuesday began with some sluggishness. The BSE Sensex opened at 71,951, slightly above the previous close of 71,924. However, as trading progressed, the pace of Sensex growth increased. By noon, at half past two, the index was trading around 72,600, but then began to rise rapidly. In the end, the Sensex closed at 73,033.78, showing an increase of 1109 points or 1.54%.

The NSE Nifty followed the example of the Sensex. It opened at 22,364, which was identical to Monday's closing level (22,363). But its momentum also accelerated as trading volume increased. At the end of the session, NSE Nifty closed at 22,721.95, demonstrating a rise of 358 points or 1.60%.

The sharp surge in the last hour of trading allowed investors to make substantial profits. This is evidenced by the growth in the aggregate market capitalization of companies listed on the Bombay Stock Exchange. By the time trading closed on Tuesday, the BSE market capitalization stood at 470,07,567.40 crore rupees, compared to 465,91,974.21 recorded on the previous business day. According to calculations, investors earned 415,593 crore rupees.

The reason for this acceleration of Sensex and Nifty was news announced by Finance Minister Nirmala Sitharaman. During the event, she made an important statement regarding taxes on long-term capital gains (LTCG) and short-term capital gains (STCG). She emphasized the government's readiness to carefully listen to investor concerns and feedback regarding the LTCG structure.

This statement by the Finance Minister was perceived as a serious signal for investors and market stakeholders, especially considering the constant demands from investors and market experts for the abolition or revision of the LTCG tax before the budget. Earlier, under Budget-2024, the Modi government had increased the LTCG tax on stocks to 12.5%, which caused concern among some stock market participants.

Amidst the strong growth on Tuesday, several stocks showed outstanding performance, bringing significant profits to their owners. Among them, in the category of large BSE companies were HCL Tech Share (growth of 8.28%), TCS Share (growth of 6.59%), Tech Mahindra Share (growth of 4.90%), Infosys Share (growth of 4.44%), HUL Share (growth of 2.94%), and Trent Share (growth of 2.61%).

Additionally, in the mid-cap company category, there was growth in Mphasis Share (growth of 5.18%), Coforge Share (growth of 4.46%), Phonix Share (growth of 3.92%), and Persistent Share (growth of 3.86%).