Business EconomyPosted at: Oct 28 2026 6:32PM


Stock Markets end in red amid profit booking, Nifty closes below 22,700 mark

New Delhi, Oct 28 (UNI) Indian Stock Markets on Wednesday ended lower with the Nifty closing around the 22,700 mark. Indices were dragged down by selling in information technology and oil and gas stocks.
Investors were also cautious ahead of the US Federal Reserve’s policy decision and Brent crude prices holding around $115 per barrel.
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. Nifty midcap index rising 0.4 percent and smallcap index jumps 0.9 percent.
In terms of 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.
On Nifty, the top 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.
Indian rupee ended 11 paise lower at 95.23 per dollar against previous close of 95.12.
Nearly 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.
In terms of the individual performances, Gandhar Oil Refinery India shares slipped 17 percent, Piramal Pharma shares jumped 16 percent, Steel Authority of India shares fell 5 percent, Larsen & Toubro rose 3.7 percent, JSW Cement shares declined 1.4 percent among others.
Vinod Nair, Head of Research, Geojit Investments Limited said, "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. Oil prices rebounded amid renewed concerns over supply disruptions following Houthi attacks on Saudi Arabia, overshadowing ongoing diplomatic efforts. Markets are also closely watching the U.S. midterm elections for greater clarity on the geopolitical landscape. Strong earnings from a leading capital goods company, resilience across banking, auto and pharma, and value buying at lower levels helped the indices recover a significant portion of their early losses."UNI VK AAB
Tags: #Stock Markets end in red amid profit booking# Nifty closes below 22#700 mark
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