October 28, 2026: Indian stock market benchmarks ended almost unchanged on October 27, with the Sensex slipping 8.08 points to 73,598.67 and the Nifty 50 falling 3.45 points to 22,749.75. The Bank Nifty declined 391.80 points, while small-cap stocks rallied 2.69% and India VIX fell 4.4% to 16.53. Investors are tracking rising crude oil prices amid the West Asia conflict, a series of quarterly earnings announcements and Jio’s stock market debut following its $3.2 billion IPO.
Top Stock Market Headlines
- Sensex, Nifty Close Nearly Flat; Bank Nifty Falls 392 Points
The Sensex closed at 73,598.67, down 8.08 points or 0.01%, while the Nifty 50 settled at 22,749.75, down 3.45 points or 0.02%, on October 27. The Bank Nifty underperformed, declining 391.80 points or 0.72% to 53,974.90, while India VIX dropped 4.4% to 16.53. Small-cap stocks gained 2.69%.
- India’s Crude Oil Import Basket Crosses $120 per Barrel
India’s average crude oil import basket price reached $120.46 per barrel through October 26, compared with $116.77 in September and $90.19 in August 2026. The October average is the highest since March 2012, as the West Asia conflict raises geopolitical uncertainty, marine insurance premiums and freight costs. Brent crude futures also rose $1.48 to $115.36 per barrel.
- Jio Set for Stock Market Debut After $3.2 Billion IPO
Jio is scheduled to make its stock market debut on October 28 following its $3.2 billion initial public offering. Grey-market indications cited in the supplied report point to potential listing gains of around 22%, although such indications do not guarantee the actual listing price.
- Larsen & Toubro Q2 Profit Rises 33% to ₹5,202 Crore
Larsen & Toubro reported a 33% year-on-year increase in net profit to ₹5,202 crore for Q2 FY27, compared with ₹3,926 crore a year earlier. Revenue rose 16% to ₹78,750 crore, while quarterly order inflows reached a record ₹1.47 lakh crore.
- Maruti Suzuki Q2 Profit Falls 26% Despite Revenue Growth
Maruti Suzuki reported a 26% year-on-year decline in second-quarter profit, with global tensions and adverse foreign-exchange movements weighing on earnings. Revenue increased 26% year-on-year, according to the supplied report.
- Steel Authority of India Reports Higher Q2 Profit and Revenue
Steel Authority of India Limited (SAIL) reported consolidated Q2 net profit of ₹1,750 crore, compared with ₹420 crore in the year-ago quarter. Revenue increased to ₹32,000 crore from ₹26,700 crore, while EBITDA rose to ₹4,300 crore from ₹2,530 crore. The EBITDA margin improved to 13.43% from 9.46%.
- SBI Life Insurance Q2 Net Profit Rises 11% to ₹549 Crore
SBI Life Insurance reported an 11% year-on-year increase in second-quarter net profit to ₹549 crore, supported by an 8% rise in net premium income. First-year premiums and value of new business (VoNB) also featured in the company’s reported growth update.
- Vardhman Special Steels Reports 52% Growth in Q2 Profit
Vardhman Special Steels reported Q2 FY27 revenue from operations of ₹600.05 crore, up 38.81% year-on-year, while profit after tax increased 51.88% to ₹52.49 crore. For the first half of FY27, total income rose 25.54% to ₹1,110.65 crore and profit after tax increased 72.02% to ₹93.68 crore.
- Tanla Platforms Q2 Revenue Rises 25% to ₹1,351.75 Crore
Tanla Platforms reported Q2 FY27 revenue of ₹1,351.75 crore, up 25.34% year-on-year. EBITDA increased 20.77% to ₹214.33 crore, while profit after tax rose 17.09% to ₹146.42 crore. EBITDA margin stood at 15.86%, compared with 16.46% a year earlier.
- PG Electroplast Reports 395% Year-on-Year Profit Growth
PG Electroplast posted consolidated Q2 FY27 net profit of ₹13.67 crore, up 395.15% year-on-year, while revenue increased 42.50% to ₹933.88 crore. EBITDA rose 98.62% to ₹59.78 crore, with the EBITDA margin improving to 6.40% from 4.59% a year earlier.
- Raymond Reports 21% Income Growth; Remains Net Debt-Free
Raymond reported Q2 FY27 total income of ₹683 crore, up 21% year-on-year. EBITDA rose 30% to ₹103 crore, and profit before tax excluding exceptional items increased 117% to ₹42 crore. The company reported a net cash surplus of ₹77 crore.
- Kirloskar Brothers Q2 Profit Rises 3.46% to ₹74.70 Crore
Kirloskar Brothers reported Q2 FY27 revenue of ₹1,276.70 crore, up 24.23% year-on-year, and EBITDA of ₹124.30 crore, up 14.67%. Net profit increased 3.46% to ₹74.70 crore, while EBITDA margin declined to 9.74% from 10.55%.
- Gravita India Q2 Revenue Rises 38% to ₹1,427.35 Crore
Gravita India reported Q2 FY27 revenue of ₹1,427.35 crore, up 37.84% year-on-year. EBITDA increased 31.34% to ₹133.98 crore, while net profit rose 6.31% to ₹102.03 crore.
- Concord Biotech Q2 Revenue Increases 25% to ₹309.07 Crore
Concord Biotech reported Q2 FY27 revenue of ₹309.07 crore, up 25.10% year-on-year. EBITDA rose 17.96% to ₹104.38 crore, while net profit increased 10.32% to ₹69.57 crore. EBITDA margin stood at 33.77%, compared with 35.82% a year earlier.
- Indus Towers Reports 4% Revenue Growth; Net Profit Declines 2.5%
Indus Towers reported Q2 FY27 revenue of ₹8,515.60 crore, up 4% year-on-year, while EBITDA increased 0.44% to ₹4,633 crore. Net profit declined 2.53% to ₹1,792.80 crore, and EBITDA margin narrowed to 54.41% from 56.33%.
- Knack Packaging Q2 Profit Rises 21% to ₹25.02 Crore
Knack Packaging reported Q2 FY27 revenue of ₹294.76 crore, up 52.52% year-on-year. EBITDA increased 25.14% to ₹40.06 crore, while profit after tax rose 21.24% to ₹25.02 crore. EBITDA margin declined to 13.59% from 16.56% a year earlier.
- Gandhar Oil Refinery Reports ₹186.28 Crore Consolidated Q2 Profit
Gandhar Oil Refinery reported consolidated revenue from operations of ₹11,846.56 crore and net profit of ₹186.28 crore for the quarter ended September 30, 2026. Standalone revenue stood at ₹1,729.92 crore, with net profit of ₹163.11 crore.
- Gold Edges Higher Ahead of US Federal Reserve Decision
Spot gold rose 0.1% to $4,061.86 per ounce on October 28 after gaining more than 1% in the previous session. US gold futures for December delivery were steady at $4,075.60 as investors awaited the Federal Reserve’s policy decision.
- ICICI Prudential Mutual Fund Launches BSE Power ETF
ICICI Prudential Mutual Fund launched the BSE Power ETF, offering exposure to companies in power generation, transmission, distribution and electrical equipment. The new fund offer opened on October 26 and will remain open until October 30, 2026.
- Fintech IPO Pipeline Exceeds ₹30,600 Crore Amid MDR Uncertainty
India’s fintech IPO pipeline is estimated at more than ₹30,600 crore and could exceed ₹33,600 crore, according to data compiled by Tracxn and cited in the supplied report. Potential listings include PhonePe, Razorpay, Navi, InCred Holdings, Fibe, InsuranceDekho and Upstox, with merchant discount rate uncertainty and volatile equity markets complicating listing plans.
- CoinDCX Warns Users of Phishing Attempts After Wallet Compromise
CoinDCX warned users on October 27 about fraudulent notices and emails directing recipients to external links, requesting wallet connections and seeking account information. The warning followed the exchange’s confirmation of a compromised wallet linked to $16 million in funds belonging to non-CoinDCX users.
- 13 Stocks Fall Below Previous 52-Week Lows
The supplied market update listed Indosolar, HDFC Bank, Dalmia Bharat, Welcast Steels, VST Industries, Mazagon Dock, Waaree Energies, Bayer CropScience, ICICI Life Insurance, Sumitomo Chemicals, Shree Digvijay Cement, Bannari Amman Sugar and M&M Financial Services among stocks that fell below their previous 52-week lows.
- Laurus Labs, Acutaas Chemicals and Sona BLW Hit Lifetime Highs
Laurus Labs, Acutaas Chemicals and Sona BLW Precision Forgings were reported to have closed at fresh lifetime highs on October 27.
