Sensex and Nifty pared some early losses but remained lower at 12:37 p.m. local time on October 28, 2026, as declines in information technology stocks and Reliance Industries weighed on India’s benchmark indices.

Key Takeaways

  • The Sensex fell 0.63% and the Nifty 50 declined 0.36% from their previous closes.
  • Market breadth was stronger on the BSE, where 2,945 stocks advanced and 1,140 declined.
  • The US Federal Reserve’s two-day policy meeting was scheduled to conclude later that day.

Sensex and Nifty recover some early ground

The Sensex traded at 73,136.56, down 462.11 points from Tuesday’s close of 73,598.67. The Nifty 50 was at 22,668.35, down 81.40 points from its previous close of 22,749.75.

Both indices had opened lower and extended their losses before recovering some ground. SBI Securities said buying emerged at lower levels, while selling in heavyweight IT stocks and Reliance continued to weigh on sentiment.

ItemDetails
InfosysDown 3.82% to ₹1,118.60
Tata Consultancy ServicesDown 2.13% to ₹2,443.80
Reliance IndustriesDown 1.96% to ₹1,172.70
Larsen & ToubroUp 4.21% to ₹3,819.50

IT shares fall while broader market advances

Infosys led the Nifty 50’s decliners, while Tata Consultancy Services, Tech Mahindra and Reliance Industries also fell. Larsen & Toubro was the index’s leading gainer. Nifty Pharma was the best-performing sectoral index, while Nifty IT was the weakest.

The BSE’s broader tally contrasted with the benchmark declines: of 4,316 stocks traded, 231 were unchanged. Within the Nifty 50, 20 stocks advanced and 30 declined.

Federal Reserve meeting in focus

Investors were also watching the US central bank’s policy decision later on October 28. The Federal Reserve’s October meeting calendar listed a two-day Federal Open Market Committee meeting on October 27–28 and a press conference on the final day.

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