Indian equity markets opened largely flat on Friday as investors booked profits after Thursday's strong rally. The Sensex fell 130.02 points (0.17%) to around 74,185.59, while the Nifty dipped 23.30 points (0.10%) to about 22,974.05. YES Bank drew attention after the Supreme Court invalidated its Rs 8,415 crore AT-1 bond write-off, and Reliance Industries was in focus over its Q2 results and the proposed Jio IPO. Analyst Vipin Dixena said persistent FII selling is the biggest concern and flagged 23,000 as the immediate psychological hurdle. The rupee opened 35 paise stronger at 94.71 against the US dollar.
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- Indian equity market open flat amid profit booking ; Sensex down over 130 pts , Nifty below 22 , 980
On October 16, 2026, Indian equity markets opened flat as investors booked profits after the previous session's rally. The Sensex fell 130.02 points (0.17%) to around 74,185.59, while the Nifty dropped 23.30 points (0.10%) to around 22,974.05. Nifty IT was the top sectoral gainer, rising over 1%, while most other sectoral indices, including banks and autos, traded lower. The rupee strengthened by 35 paise to open at 94.71 per US dollar, while Brent crude hovered around USD 105.28 per barrel. Analyst Vipin Dixena pointed to the Supreme Court upholding the quashing of YES Bank's Rs 8,415 crore AT-1 bond write-off and persistent FII selling as key concerns, while Ajit Mishra of Religare Broking said easing crude prices and a firmer rupee had improved sentiment, but geopolitical uncertainty and foreign outflows remain risks.
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Indian markets extended their recovery for a second straight session, with the Sensex closing at 74,729.27 (up 413.66 points, or 0.56%) and the Nifty at 23,146.15 (up 148.80 points, or 0.65%). IT stocks led the rally, with the Nifty IT index up 3.92% following strong quarterly results, while most other sectors ended lower and midcap and smallcap indices were broadly flat. Ajit Mishra of Religare Broking said metal and auto stocks supported sentiment while weakness in FMCG, realty and energy capped gains; the rupee firmed, but Brent crude near USD 105 a barrel, persistent inflation concerns and US bond yields kept investors cautious. Markets are now looking ahead to quarterly earnings from major banks. Analyst Vipin Dixena pointed to the divergence between strong IT stocks and cautious sentiment elsewhere, and said the next phase will depend on whether corporate earnings can justify valuations.
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Indian equity markets rallied sharply on Thursday as global bond yields eased, crude prices softened and heavyweight banking stocks gained. The BSE Sensex jumped 1,533.72 points (2.11%) to 74,315.61, while the Nifty 50 rose 374.65 points (1.66%) to 22,997.35, briefly crossing 23,000 intraday. ICICI Bank climbed nearly 4% and HDFC Bank rose over 2%, while Reliance Industries gained after developments related to the Jio Platforms public offering. The Nifty IT index rose around 11% over the last five trading sessions. However, the broader market stayed weak, with the BSE Midcap down 0.48% and Smallcap down 1.04%, and 2,668 stocks declining versus 1,720 advancing.
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The BSE Sensex opened at 74,594.65, down 134.62 points (0.18%), and the NSE Nifty 50 at 23,096.85, down 49.30 points (0.21%), after last week's rally delivered the strongest weekly performance in about six months. Investors are watching September-quarter results from HDFC Bank, which narrowly missed estimates on weaker treasury income and higher bad-loan provisions, and ICICI Bank, which beat expectations on loan growth and lower provisions. Brent crude is trading near $108 a barrel, after easing from $110 on Friday, keeping pressure on sentiment. Foreign investors turned net buyers, purchasing shares worth ₹11.66 billion ($122.79 million) after 15 consecutive sessions of selling, while domestic institutions were net sellers of ₹36.61 billion. Analyst Hariselvan Radhakrishnan of HST Wealth said a positive reaction to private banks could help the market absorb higher oil prices, with Nifty facing immediate resistance at 23,150.
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