Sensex today | Stock Market Live: Sensex falls 500 pts, Nifty hovers near 22,600
ensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd October 2026.The benchmark Nifty 50 fell 136.45…
ensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd October 2026.
The benchmark Nifty 50 fell 136.45 points or 0.6 per cent to 22,674.90, and the Sensex shed 363.53 points or 0.49 per cent to 73,346.16, as of 10:20 am.
Fifteen of the 16 major sector logged losses. The broader small-caps and mid-caps dropped 1.3% each.
Track today’s Q2 results live
Brent crude futures were up 1.6 per cent at $110.6 per barrel as more attacks in Saudi Arabia by Yemen’s Houthis prompted the United States to order some diplomats and family members to leave its missions in the kingdom.
Higher oil prices are a negative for India, which imports the bulk of its energy requirements, as they can increase inflation, strain its fiscal deficit and hit corporate profits.
Follow Jio Platforms IPO Day 2 live updates
RBI’s rate-setting panel indicated that further rate hikes may be needed to curb inflation but stopped short of endorsing an aggressive tightening cycle over risks to economic growth, minutes of the committee’s latest policy meeting released on Wednesday showed.
- October 22, 2026 11:08
Nifty 50: Top 5 technical indicators
* Trend: Bearish, with Nifty 50 down 0.61 per cent at 22,670 and market breadth negative at 6 advances against 44 declines.
* Immediate support: 22,530–22,500. A decisive break below 22,500 could drag the index down to 22,420–22,400.
* Immediate resistance: 22,810–22,830. A decisive break above 22,830 could ease downside pressure and lift the index to 22,950–23,000.
* Futures resistance: 22,790. A decisive break above this level could take October futures to 22,920; failure to breach it could trigger a decline towards 22,500.
* Trading strategy: Consider long positions in October futures only on a break above 22,790, with a stop-loss at 22,760 and a target of 22,880, following the prescribed trailing stop-loss strategy.
- October 22, 2026 11:07
Fusion CX shares lists at 5.54% premium on NSE
Fusion CX shares listed at a 5.54% premium on the NSE on October 22, 2026. The customer experience and business process solutions provider debuted at ₹301 on the NSE (and ₹292 on the BSE) against its IPO issue price of ₹289 per share. The ₹702-crore IPO, which included a ₹500-crore fresh issue and a ₹202-crore offer for sale, was subscribed over 4 times overall, with strong demand from retail investors (around 5.7–6x). Market capitalisation stood at about ₹4,215 crore at listing. Grey market premium ahead of the debut had indicated a modest premium of around 4–5%, broadly matching the actual listing performance.
- October 22, 2026 11:06
Corporate actions today
🔸AGM/EGM – Max Healthcare: Recent postal ballot results (Oct 19) approved RSU scheme, CMD remuneration, and MoA changes. (Earlier AGM was in July 2026.)
🔸EGM – Aequs: Extraordinary General Meeting today (Oct 22) to approve ~₹650 crore preferential issue of warrants to promoter group for capacity expansion (aerospace/consumer).
🔸Buyback – VRL Logistics: Record date today (Oct 22) for ₹280 crore tender-offer buyback (up to 87.5 lakh shares / 5% at ₹320 per share).
🔸Share Split – JSW Dulux: Record date today (Oct 22) for 1:10 stock split (face value from ₹10 to ₹1 per share).
- October 22, 2026 11:05
Fujiyama Power Systems says machinery for solar cell manufacturing facility already delivered to plant at Ratlam, Madhya Pradesh
Fujiyama Power Systems Limited (“the Company”) wishes to clarify that the machinery and equipment required for its announced 1.2 GW DCR (Domestic Content Requirement) solar cell manufacturing facility have already been delivered to its plant at Ratlam, Madhya Pradesh. Accordingly, the Company does not anticipate any material impact of the proposed restrictions on the capital expenditure or the timeline of this expansion, and the facility remains on track to be commissioned as originally planned, i.e. in Q1 of FY 2027-28. At this stage, the Company has not announced any plans for additional solar cell manufacturing capacity.
The Company is engaged in the retail-focused rooftop solar business, in which it manufactures and supplies Solar Power Generation Systems (SPGS) comprising solar inverters, solar batteries and solar panels. Solar panel manufacturing is a backward integration of this business, and solar cell manufacturing is a further backward integration for solar panel manufacturing. Accordingly, the Company does not foresee any material impact of the proposed restrictions on this expansion and the facility is expected to be commissioned, as originally envisaged. The Company’s operations are not dependent on any ongoing foreign technology transfer and remain fully unaffected.
- October 22, 2026 11:04
US earnings season: Justin Khoo, Senior Market Analyst - APAC, VT Markets, talks about Al growth, valuations and rising investor caution
The ongoing US earnings season reflects a market that is becoming increasingly selective, with investors looking beyond headline profit growth to assess the sustainability of corporate earnings. According to early results, 84% of reporting S&P 500 companies have beaten earnings estimates, but the aggregate earnings surprise stands at just 2.6%, well below the five-year average of 7.5%. Meanwhile, blended earnings growth is projected at 29%. While AI-driven companies continue to deliver strong results, concerns around elevated valuations, rising borrowing costs and returns on AI investments are gaining prominence. With US Treasury yields nearing 5% and the S&P 500 trading at around 19 times forward earnings, investors are likely to focus on earnings quality, cash flow generation and broader market participation. The sustainability of the rally will depend on companies delivering growth that justifies their valuations.
- October 22, 2026 11:00
WSB Real Estate Partners appoints Akash Rastogi as Managing Partner
WSB Real Estate Partners, a real estate-focused investment firm, today has announced the appointment of Mr. Akash Rastogi as Managing Partner. Mr. Rastogi is a seasoned professional with nearly two decades of experience in real estate investment and development, with focus on warehousing and logistics real estate value chain.
In his new role, Mr. Rastogi will lead the firm’s industrial and logistics real estate platform, overseeing investment origination, leasing and execution across logistics parks and industrial parks, manufacturing facilities, data centres, and industrial and workforce housing.
He will also focus on identifying investment opportunities, acquisitions and land aggregation, while contributing to investment strategy, joint ventures, fundraising and investor relations. His responsibilities will further include supporting real estate credit and opportunistic investment transactions across the firm’s portfolio.
- October 22, 2026 10:59
Karta AI raises $3 million to scale agentic inbound voice AI for BFSI
• Karta AI’s voice agents take on the hardest inbound calls at banks, lenders, fintechs and insurers: complex, multi-intent L2 and L3 cases.
• Proven ROI at a leading home loan company: ~70% of borrower queries resolved end to end by AI and ~50% lower cost to serve.
• Funding to strengthen the platform, deepen deployments and scale engineering and go-to-market teams.
- October 22, 2026 10:43
Nifty Prediction Today – October 22, 2026: Nifty 50 Futures: Resistance ahead; go long on a break above it
Nifty Prediction Today – October 22, 2026: Nifty 50 Futures: Resistance ahead; go long on a break above it
Nifty 50 October Futures can rise to 22,920 on a break above 22,790
- October 22, 2026 10:26
Cognizant acquires DyFlex Solutions
Cognizant acquires DyFlex Solutions
Cognizant on Thursday announced that it has entered into a definitive agreement to acquire DyFlex Solutions, an AI-led SAP transformation firm.
- October 22, 2026 10:19
PC Jeweller jumps 8% on rise in Q2 profit and debt-free status
PC Jeweller jumps 8% on rise in Q2 profit and debt-free status
The company posted a more than 50% jump in quarterly profit and said it had fully repaid debt owed to a 14-bank consortium.
- October 22, 2026 10:17
Stocks in focus
Omnitech Engineering: Expands into the data centre infrastructure value chain; starts receiving orders for manufacturing and supplying precision-engineered components. (Positive)
NHPC: Commissions Unit 5 of the 2,000 MW Subansiri project, taking operational capacity to 1,250 MW. (Positive)
Millworks Tech: Receives purchase orders from HAL for HAWK and MiG-29 aircraft assemblies; signs MoU with TridenTech for UAV engines. (Positive)
Advait Energy: Marks milestone in India’s power distribution sector following HERC licence grant as a consortium member. (Positive)
Zydus Lifesciences: Zylidac Bio partners with Prolific Machines to scale its biologics manufacturing platform to GMP production. (Positive)
Fujiyama Power: China curbs will not impact its solar cell project; equipment for 1.2 GW plant already delivered; Ratlam facility on track for Q1 FY28. (Positive)
Powerica: Company receives letter of intent from Gujarat Urja Vikas Nigam for a 50 MW wind power project in Gujarat. (Positive)
HCLTech: Launches NVIDIA-powered verification and validation (V&V) offering for automotive manufacturers. (Positive)
Seamec: Company has entered into a contract worth approximately $55 million with HAL Offshore Limited to charter its vessel SEAMEC ANANT for inspection, maintenance and repair. (Positive)
Tata Comm: National Court of Spain has ruled in favour of its subsidiary Tata Communications (Spain) S.L., annulling a VAT demand of €15.51 million (Positive)
PC Jewel: Net Profit at ₹331 Cr Vs ₹210 Cr. Revenue at ₹1,054 Cr Vs ₹825 Cr (YoY). (Positive)
BEL: Bags Orders Worth ₹1,011 Cr Since Oct 13, 2026 (Positive)
Indian Hotels: Q2 FY27 Consolidated Net Profit stood at Rs. 349 crore vs Rs. 285 crore YoY. Revenue stood at Rs. 2484 crore vs Rs. 2041 crore YoY. (Positive)
IGIL: Q2 FY27 Consolidated Net Profit stood at Rs. 186 crore vs Rs. 130 crore YoY. Revenue stood at Rs. 398 crore vs Rs. 304 crore YoY. (Positive)
PC Jeweller: Aditya Kumar Halwasiya acquired 5.51 crore shares at Rs 18.39 per share. (Positive)
HD Fire: Allianz Global Investors GmbH acquired 17.55 lakh shares at Rs 317.48 per share. (Positive)
AYE Finance: Company targets 28-33% AUM cagr over next three years with 4.0-4.5% ROA and 17-20% ROE (Positive)
KEI Ind: Q2 FY27 Consolidated Net Profit stood at Rs. 262 crore vs Rs. 203 crore YoY. Revenue stood at Rs. 3776 crore vs Rs. 2730 crore YoY. (Neutral)
Rajratan: Q2 FY27 Consolidated Net Profit stood at Rs. 24.1 crore vs Rs. 20.6 crore YoY. Revenue stood at Rs. 371 crore vs Rs. 294 crore YoY. (Neutral)
Pine Labs: Company invests Rs 24.99 crore in unit synergistic financial networks (Neutral)
Persistent Systems: Launches ₹4,265-crore QIP; sets floor price at ₹5,550 per share (Neutral)
M&M FIn: Net Profit at ₹882 Cr Vs ₹569 Cr. Net Interest Income at ₹2,391 Cr Vs ₹2,112 Cr (YoY) (Neutral)
Juniper Green: Company has incorporated two wholly owned subsidiaries, Juniper Green Cosmic Fifteen Private Limited and Juniper Green Kite Fifteen Private Limited (Neutral)
Karur Vysya Bank: Cuts MCLR rates by 20 bps across tenures. (Neutral)
Circuit filter change from 10% to 5%: Hero Motors. (Neutral)
eMudhra security glitch: MeitY sets up probe panel, CERT-In issues advisory. (Negative)
Nestle/Zydus Wellness: FSSAI issues notices to Nestle, Zydus Wellness and others over misleading claims on infant formula (Negative)
Indo Solar: Net Profit at Rs 5 crore vs Rs 46.3 crore. Revenue at Rs 155.6 crore vs Rs 202.6 crore YoY (Negative)
Alkem Laboratories: Approves forensic audit in alleged fund misappropriation case; launches probe into suspected employee fraud. (Negative)
- October 22, 2026 10:16
Stocks to watch today
1. RELIANCE: Reaffirmed AAA/Stable credit ratings by ICRA agency.
2. HCLTECH: Launched NVIDIA-powered AI for vehicle software validation.
3. TECHM: Reported strong Q2 results with AI-driven growth.
4. ZYDUSLIFE: Received USFDA approval for menopause drug with exclusivity.
5. DRREDDY: Received USFDA approval for esophageal cancer treatment Zytorvi.
6. NHPC: Commissioned fifth unit of Subansiri Lower HE project.
7. PERSISTENT: Raised $450M via QIP at ₹5,550 per share.
8. SAGILITY: Acquired Chirok Health for $32.35 million expansion.
9. TATACOMM: Successfully won major VAT litigation case in Spain.
10. E2E: Secured major AI deal boosting growth and investments.
11. ICICIPRULI: Strong H1 FY2027 VNB growth driven by protection.
12. ANGELONE: Reported robust growth in revenue and client base.
13. HDFCAMC: Strong growth in AUM and systematic investment plans.
14. SWSOLAR: Kenya tax dispute settled with demand significantly reduced.
15. TMCV: Awarded Leader ESG rating from NSE Sustainability.
16. ASHOKA: Recognized as Leader with A+ ESG rating.
17. CCL: Reported 25% growth in domestic branded coffee business.
18. SHOPERSTOP: Strong Q2 performance driven by festive demand growth.
19. SGFIN: Posted record Q2 profit with increased lending activity.
20. REPCOHOME: Received strong Crisil ESG 64 rating.
- October 22, 2026 10:05
NDTV adopts Amagi’s AdFlow Orchestrator to boost FAST and connected TV monetisation
NDTV has adopted Amagi’s AdFlow Orchestrator to improve channel performance and monetisation on Free Ad-supported Streaming TV (FAST) and connected TV (CTV) platforms.
The solution automatically restructures advertising markers to meet the requirements of individual distribution partners, helping ensure ad breaks are compatible with streaming platforms and improve revenue opportunities.
- October 22, 2026 10:03
Swastika Infra Q2 revenue rises 42%, profit jumps 80%; order book doubles to ₹1,420 crore
Swastika Infra Ltd, a power transmission and distribution engineering, procurement and construction (EPC) company, reported a 42 per cent rise in revenue and an 80 per cent increase in profit after tax (PAT) in Q2 FY27. Its order book more than doubled to ₹1,420 crore.
The company said execution slowed in Q1 FY27 as a prudent measure amid sharp price volatility and supply uncertainty caused by disruptions from the Middle East war. With the situation normalising, execution accelerated in Q2.
- October 22, 2026 10:02
Nifty slides 1%, Sensex sheds 691 points as crude tops $110 and Asia bleeds
Nifty falls 1%, Sensex sheds 691 pts as crude tops $110 & Asia bleeds
Equity benchmarks opened sharply lower on Thursday as surging crude oil prices and fresh geopolitical flashpoints in the West Asia weighed on sentiment.
- October 22, 2026 10:02
Rupee falls 12 paise to 94.50 against US dollar in early trade
Rupee falls 12 paise to 94.50 against US dollar in early trade
Rupee slips 12 paise to 94.50 against USD in early trade as weak equities and higher crude weigh, with mixed cues from global yields and oil.
- October 22, 2026 09:53
RBI minutes reveal split over rate hikes, with inflation risks mounting
RBI divided over further rate hikes as inflation nears top of tolerance band
RBI meeting minutes reveal differences over further rate hikes as inflation nears the tolerance band, with economists expecting increases in December and February.
- October 22, 2026 09:52
Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook
Gold drops over 1% as oil rally reinforces higher-for-longer rate outlook
Gold falls over 1% as oil rally boosts swap for higher-for-longer rates ahead of Fed, oil-driven inflation fears, and PCE data.
- October 22, 2026 09:52
Crude oil futures trade higher following intensified Houthi attacks on Saudi Arabia
Crude oil futures traded higher on Thursday morning after the Houthis intensified their attacks on Saudi Arabia. At 9.28 am on Thursday, December Brent oil futures were at $110.69, up by 1.72 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $98.52, up by 1.41 per cent. November crude oil futures were trading at ₹9343 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹9208, up by 1.47 per cent, and December futures were trading at ₹9195 against the previous close of ₹9067, up by 1.41 per cent.
- October 22, 2026 09:51
Major corporate actions ahead
Fusion CX is set to make stock market debut today, October 22. The issue price is fixed at Rs. 289 per share.
Automobile Corporation of Goa has approved the proposal to buy back up to 1,44,639 equity shares, representing up to 0.95% of equity shares, at a price of ₹2005 per Equity Share for an aggregate amount of up to ₹29 Crores, on a proportionate basis through the “tender offer” route.
Dividend
22-Oct-26
TIPSMUSIC: Interim Dividend - Rs. - 6.50
ANGELONE: Interim Dividend - Rs. - 1.40
23-Oct-26
IRFC: Interim Dividend - Rs. - 1.15
TECHM: Interim Dividend - Rs. - 15.00
360ONE: Interim Dividend - Rs. - 7.50
ICICIGI: Interim Dividend - Rs. - 7.00
HDBFS: Interim Dividend - Rs. - 2.00
AEPL: Interim Dividend - Rs. - 0.0060
GARUDA: Interim Dividend - Rs. - 0.03
LTM: Interim Dividend
IPO
Jio Platforms: Open: 21-Oct-26; Close: 23-Oct-26
Paras Healthcare: Open: 21-Oct-26; Close: 23-Oct-26
EAAA India Alternatives: Open: 26-Oct-26; Close: 28-Oct-26
SFC Environmental Technologies: Open: 27-Oct-26; Close: 29-Oct-26
BLS Polymers: Open: 27-Oct-26; Close: 29-Oct-26
Buyback
VRL Logistics: Ex-Date: 22-Oct-26
Transport Corporation of India: Open: 15-Oct-26; Close: 22-Oct-26
Bonus Issue
Titan Biotech: Bonus Issue 1:4; Ex-Date: 23-Oct-26
Stock Split
JSW Dulux: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Oct-26
Azad India Mobility: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 23-Oct-26
Midaas Fashions: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 26-Oct-26
Meenakshi India: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 30-Oct-26
Galaxy Agrico Exports: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 30-Oct-26
Gujarat Natural Resources: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 05-Nov-26
Knowledge Marine & Engineering Works: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 06-Nov-26
Right Issue
Natco Pharma: Open: 12-Oct-26; Close: 22-Oct-26
Tuni Textile Mills: Open: 28-Sep-26; Close: 26-Oct-26
Ola Electric Mobility: Open: 22-Oct-26; Close: 30-Oct-26
Shivam Autotech: Open: 22-Oct-26; Close: 19-Nov-26
Open Offer
Premier Explosives: Open: 12-Oct-26; Close: 26-Oct-26
- October 22, 2026 09:49
Hyundai, Maruti, Tata Motors PV and M&M in focus: BofA
Hyundai, Maruti, Tata Motors PV and M&M in focus – 14% drop in registration
Early data points from Vahan registrations suggest mixed trends
PVs are lagging, with registrations down 14% YoY
Discounts stepping up, particularly in SUVs
Commercial segments, trucks are trending up almost 50% YoY, albeit on a benign CV base
2Ws appear to be holding up well despite a high base, with 6% YoY growth
Tractors appear steady as well
- October 22, 2026 09:48
Market review by Vikram Subburaj, CEO, Giottus.com
Bitcoin is trading around $84,700, extending its recovery as risk appetite improves. Immediate resistance lies around $84,850. A sustained break above this level could open the way towards 87,000-87,400. Support is near 83,000-83,550, followed by 81,700-82,000. The recovery remains vulnerable if Bitcoin fails to hold these support zones.
ETF flows show tentative improvement. US spot Bitcoin ETFs recorded net outflows of $228.4 million between October 12 and 16. They then attracted $526.7 million on October 19, followed by a further $23.2 million in net inflows on October 20. The rebound points to renewed institutional interest, although flows remain volatile and need to stay positive to confirm a stronger trend.
On-chain indicators offer a mixed picture. The latest available readings showed Bitcoin’s MVRV at 1.5249 and NUPL at 0.3442 on October 14. SOPR stood at 0.9987, indicating that recently moved coins were being spent at a slight aggregate loss. Around 63.37% of supply had remained unmoved for at least a year as of October 20. These figures are delayed and do not rule out further volatility.
Large-cap altcoins are mostly higher. Ethereum traded near $2,475, up 0.90% over 24 hours. BNB was around $749, up 1.31%. XRP stood near $1.39, up 4.73%, while Solana traded around $108, up 1.94%. TRON was near $0.33, down 0.17%. These are indicative snapshots and may vary by timestamp.
Macro conditions remain important. A Reuters poll found that 94 of 100 economists expected the US Federal Reserve to hold rates at 3.75%–4.00% at its October 27–28 meeting. All respondents expected a rate increase in December. Inflation and energy prices remain key risks.
Our advice: Investors should avoid chasing the rebound. Watch Bitcoin’s resistance near $84,850, ETF flows and Fed signals before increasing exposure.
- October 22, 2026 09:48
Commodities market: Mudrex Lead Quant Analyst Akshat Siddhant's take
Gold retreated toward $4,120/oz as the Saudi Aramco drone strike reignited oil-driven inflation concerns and pushed Treasury yields higher. While markets assign less than a one-in-six chance of a Fed hike next week, expectations of a December increase remain firm. Silver also weakened to around $57.5/oz, hovering near multi-week lows. Meanwhile, WTI crude held near $98/barrel after briefly crossing $100, with stronger Middle East crude flows offsetting renewed supply concerns. On the currency front, the rupee strengthened 53 paise to a six-week closing high of ₹94.38/$, supported by RBI intervention.
- October 22, 2026 09:45
BitDelta India Lead Analyst Purvang Mashru on the crypto market
Bitcoin gained 1.7% to about $84,268 and Ethereum rose 1.1% to $2,477. Eight of top ten cryptos by market cap advanced. XRP led with a 2.2% gain, while Avalanche and TRX declined. The equal-weight of these top ten cryptos rose 0.82%, less than Bitcoin.
The advance was broad, but closing quality weakened. Only Bitcoin and BNB finished in the upper 30% of their daily ranges, down from eight assets a day earlier. Ether and Solana ended near their midpoints, while TRX closed near the bottom of its range.
The macro backdrop was supportive but mixed. The S&P 500 gained 0.58%, the Nasdaq rose 1.05% and the dollar index eased 0.14%.
The completed 20 October US fund session added $23.2 million to Bitcoin ETFs and lost $26.1 million from Ether ETFs.
Bitcoin support is near $84,000 and $82,537, with resistance around $84,850. Clearing resistance alongside stronger altcoin closes would strengthen the setup. Losing $84,000 would weaken it, and a break below $82,537 would invalidate the recovery.
- October 22, 2026 09:44
Delta Exchange Research Analyst Riya Sehgal on the markets
Bitcoin’s rebound toward $84.6K over the last 24 hours was supported by improving risk sentiment, stronger US equities and a sizeable short squeeze. SpaceX’s stronger-than-expected Q3 earnings helped revive confidence in the broader tech and AI trade, while roughly $110 million in crypto shorts were liquidated over a four-hour window as BTC pushed through the $84K area.
However, the key takeaway is that Bitcoin moved higher but failed to sustain the breakout. After testing roughly $84.3K–$84.6K, BTC faced renewed selling pressure and slipped back toward $82.9K. Despite the rejection, the 4-hour structure remains relatively constructive, with price still holding around the key EMA cluster between roughly $82.1K and $82.9K.
As long as $82K–$82.5K holds, another attempt toward $84K–$84.5K remains possible. A sustained breakout above that zone could reopen the path toward $86K–$87.7K, while a break below $82K would increase the risk of a deeper retracement toward $81.2K–$80K.
Ethereum continues to look weaker than Bitcoin after being rejected near its 4-hour 200 EMA around $2,510. ETH is now near $2,440, with $2,430–$2,450 acting as the immediate decision zone. Bulls need to reclaim $2,485–$2,510 to improve the short-term structure.
Overall, the market remains selective rather than fully risk-on. Bitcoin’s rejection shows sellers are still active at higher levels, while ETH and several major altcoins continue to lag.
- October 22, 2026 09:42
Stock market today: Equity preview
Adani Green (ADANIGR): 2Q Net Income 6.73B Rupees Vs. 5.83B Rupees Y/y
Bharat Electronics (BHE): Wins INR10.11b orders since Oct. 13
Eternal (ETERNAL): 2Q Net Income +92% Y/y to INR1.25b, Misses Estimates
Indian Hotels (IH): 2Q Net Income +22% Y/y to INR3.49b, Misses Estimates
KEI Industries (KEII): 2Q Net Income +28% Y/y to INR2.62b, Misses Estimates
M&M Financial (MMFS): 2Q Net Income +55% Y/y to INR8.81b, Beats Estimates
New Delhi Television (NDTV): Board to consider debt securities issuance on Oct. 26
Persistent Systems (PSYS): Updates QIP floor price to INR5,761/share
Powerica (PWRL): Wins 50MW power project for 25 years from Gujarat Urja Vikas Nigam
SRF Ltd. (SRF): 2Q Net Income +31% Y/y to INR5.09b, Misses Estimates
Tata Communications (TCOM): Says Spain court rules in favor of unit in VAT case demand of €15.5M and penalty
Vishal Mega Mart (VMM): 2Q Profit Rises 3.9% Y/y to INR1.58b; Shrs Extend Fall
Zydus Lifesciences (ZYDUSLIF): Zylidac Bio, Prolific Machines partner on Biologics
- October 22, 2026 09:42
Earnings of major companies (net income adj. ests. in INR where available):
* Adani Energy Solutions Ltd. (ADANIENS IN) 2Q 10.8b (6 analysts)
* Adani Total Gas Ltd. (ATGL IN) 2Q
* Chennai Petroleum Corp. (MRL IN) 2Q 20.1b (2)
* CIE Automotive India Ltd. (CIEINDIA IN) 2Q 2.35b (4)
* Colgate-Palmolive India Ltd. (CLGT IN) 2Q 3.68b (23)
* CreditAccess Grameen Ltd. (CREDAG IN) 2Q 4.83b (9)
* Cyient Ltd. (CYL IN) 2Q 1.54b (17)
* Havells India Ltd. (HAVL IN) 2Q 3.39b (14)
* Hindustan Petroleum Corp. (HPCL IN) 2Q 20.5b loss (22)
* Jammu & Kashmir Bank Ltd. (JKBK IN) 2Q
* Jindal Stainless Ltd. (JDSL IN) 2Q 8.24b (12)
* Nippon Life India AM (NAM IN) 2Q 4.19b (16)
* Nuvoco Vistas Corp. (NUVOCO IN) 2Q 442m (9)
* Rallis India Ltd. (RALI IN) 2Q 629.8m (8)
* Sagility Ltd. (SAGILITY IN) 2Q 2.67b (9)
* Sapphire Foods India Ltd. (SAPPHIRE IN) 2Q 59.4m loss (12)
* Swiggy Ltd. (SWIGGY IN) 2Q 8.71b loss (22)
- October 22, 2026 09:41
Meta Q3 revenue rises 26% to $64.6 billion, net income jumps 264%
Meta Q3 revenue rises 26% to $64.6 billion, net income jumps 264%
Meta Platforms posts Q3 revenue up 26% to $64.6B with 264% net income surge to $9.86B, driven by ads and AI investments despite higher expenses.
- October 22, 2026 09:40
Crude oil futures rise as Houthis intensify attacks on Saudi Arabia
Crude oil futures rise as Houthis intensify attacks on Saudi Arabia
December Brent oil futures were at $110.69, up by 1.72%, and December crude oil futures on WTI (West Texas Intermediate) were at $98.52, up by 1.41%
- October 22, 2026 09:40
Stock in focus: Sagility
JPMorgan on Sagility
Recommendation: Overweight, Target: ₹58
Tuck-in acquisition in the providers segment; right strategy in our view
It helps expand the mid-revenue cycle services
Acquiring it at Ev of $32.3mn implying Ev/Revenues of 3.6x, higher than the 0.8x it paid for Broadpath
However we believe its Ev/Ebitda multiple could be ~10x vs Broadpath’s ~8x
Should add 0.6%/1% to Fy27/Fy28 revenues and estimate it to be margin accretive
- October 22, 2026 09:39
Stock market updates: Jefferies on India Strategy
Organised sector employment growth moderates
Organised sector job creation slowed to a five-year low of 1.8% YoY in Fy26
Hiring moderated across most sectors, particularly financials
Despite slower headcount additions, wage growth improved modestly with estimated salary hikes rising to 9.4%
Higher revenue growth expected in Fy27 could thus support hiring and consumption
Though weak monsoon and Gst benefits entering the base remain headwinds
8th Pay Commission could boost consumption in Fy28
Discretionary consumption may outperform broad-based consumption
- October 22, 2026 09:38
Stock market today: UBS on Autos
Festive retail trends: High base pushes cars to a -17% decline while 2Ws growth moderates to +5%
2Ws: Tvs/Honda gain 140 bps/50 bps as scooters/premium do well
Hero/Bajaj lose as commuters struggle
Tvs gains across Ice/Ev while Bajaj loses out on both
Cars: M&M seeing strong gains but will wait for month end for firm trend
- October 22, 2026 09:38
Omnitech Engineering secures new orders from Indian defence organisations
Omnitech Engineering Ltd has secured commercial orders from leading Indian defence-sector organisations to manufacture and supply precision-engineered components and sub-assemblies for critical defence applications.
The orders cover land-based systems and advanced sub-systems, strengthening the company’s aerospace and defence manufacturing portfolio.
- October 22, 2026 09:37
Stock in focus: Adani Green
Cantor on Adani Green
Recommendation: Overweight, Target: ₹1553
Execution remains strong on a broadly in-line Q2
The key debate is shifting from commissioning to monetization
Management continues to report net debt/run-rate EBITDA at 5.6x
Reinforces thesis, given continued capacity additions, accelerating storage deployment, and strong generation growth
Morgan Stanley on Adani Green
Recommendation: Overweight, Target: ₹1525
Healthy beat; 2%/8% beat on revenue/EBITDA, underpinning a strong PAT beat
Wind and hybrid CUFs in particular surprised, and were significantly stronger YoY
Key monitorables in the earnings call: Merchant realisations, BESS contribution and scale up over FY27, impact of curtailment
- October 22, 2026 09:37
Stock in focus: Vishal Mega Mart
Jefferies on Vishal Mega Mart
Recommendation: Buy, Target: ₹130 (Earlier Target: ₹160)
Festive shift weighs on Q2; Outlook remains intact
Strong stage for Q3
Mgmt reiterated double digit full-year Sssg, with higher apparel mix in Q3 to support margin
Store expansion remains on track
Quick commerce continues to scale & newer format Belong & Co. is seeing encouraging response
Morgan Stanley on Vishal Mega Mart
Recommendation: Overweight, Target: ₹146
Broad-based miss; impact of festive shift greater than expected
Reiterated Fy27 double-digit Sssg target, implying lower growth in Q2 to be compensated in Q3
No customer demand moderation seen so far across regions
No further price hikes needed, at current levels of inflation
Confident on being able to maintain YoY margins in Fy27, aided by cost re-engineering
- October 22, 2026 09:36
Stock in focus: SRF
Jefferies on SRF
Recommendation: Hold, Target: ₹2540
Q2: Miss led by Chemicals
Chemicals Ebit was below due to margin pressures in Specialty Chemical
Refrigerant gas continued its strong performance
Packaging Films and Technical Textiles Ebit was below as margins gave up inventory gains from Q1
Morgan Stanley on SRF
Recommendation: Underweight, Target: ₹2260
Non Fluoro verticals drag
Consolidated gross margin fell reflecting both raw material cost inflation and seasonal/sequential demand softness after a very strong Q1
Chemicals segment was broadly in-line, with Srf citing robust refrigerant sales volumes
Stay cautious near term as we expect India’s R-32 supply to expand materially into 2027
UBS on SRF
Recommendation: Sell, Target: ₹2300
Chemicals business revenue grew but margins declined amid pricing pressure/China overcapacity in specialty chemicals
Refrigerant volumes/pricing remained robust
- October 22, 2026 09:36
Stock in focus: Indian Hotels
Nomura on Indian Hotels
Buy, TP Rs 850
Robust 2QFY27; expect mid- high-teens consolidated EBTIDA growth in 2HFY27F and FY28F
2QFY27 consolidated revenue/ EBITDA up 22%/ 24% y-y and 5%/3% ahead of consensus
Consolidated revenue growth guidance for FY27E revised upward to 15-17% y-y (from 12- 14% y-y)
Management guides FY27E hotel revenue to grow 17-19% y-y
Elara Capital on Indian Hotels
Recommendation: Buy, Target: ₹922 (Earlier Target: ₹786)
Upgrades Indian Hotels Company from Accumulate to Buy
A structural demand-supply mismatch is expected to drive Revpar growth over the next 18 months
Revenue grew 22%, beating estimates by approximately 6 percentage points
The target price is based on a sum-of-the-parts valuation with earnings rolled forward to H1Fy29e
Goldman Sachs on Indian Hotels
Recommendation: Buy, Target: ₹890 (Earlier Target: ₹870)
Q2: Large beat on Revpar, Fy27 revenue guidance raised
Fy27 guidance raised, H2 visibility should ease some investor concerns
Likely to provide detailed long-term guidance for hotel additions in November
Earlier target of 700 portfolio hotels by Fy30 will be complete well ahead of schedule
Jefferies on Indian Hotels
Recommendation: Buy, Target: ₹900 (Earlier Target: ₹875)
Fully booked for growth
Delivered a standout quarter, driven by strong Revpar, Mice, renovated assets & new biz
Mgmt’s 300bps Fy27 rev guidance upgrade reinforces confidence in underlying momentum, supported by events, weddings & asset-light growth
Raise Fy27-Fy29 Ebitda/Pat by ~1-5%, building 19% Eps Cagr over Fy26-Fy29e, also incorporating recent Ohl consolidation
- October 22, 2026 09:35
Stock in focus: M&M Fin
CLSA on M&M Fin
O-P, TP Rs 405
Delivered another strong quarter, with 2QFY27 PPOP/PAT beating estimates by 5%/12%, driven by higher fees and lower credit costs.
PPOP growth was a healthy 20% YoY.
Calculated net slippages declined c.15bps YoY and the stage 2 + 3 loans ratio declined to a multi-year low.
Disbursement growth has accelerated over the past two quarters and should translate into stronger AUM growth in the coming quarters.
That said, a largely fixed-rate loan book and c.50% floating-rate borrowings could put pressure on spreads in a rate hike cycle.
CITI on M&M Fin
Buy, TP Rs 420 from Rs440
Despite 30bp NIM compression, contained credit costs (at 1.55%, seasonally weak quarter), fee/assets of 1.6%, and slight opex moderation sustained RoA at 2.2%, with PAT up 55% YoY (-2% QoQ), surpassing CitiE.
Company navigated 1H volatility well augmenting underwriting scorecards, portfolio monitoring, and collections.
GS3/GS2 improved to 3.42%/4.7% (vs 3.45%/4.87% in 1Q, 3.41%/4.76% QoQ) on higher CE of 97% (vs 95%/96% YoY/QoQ).
Loan spreads narrowed 30bps as growth tilted toward trade advances (incremental 3% QoQ delta) & lifted liquidity to 10% of balance sheet size.
Disbursements rose 22% YoY, broad-based across PV (+28%), pre-owned vehicles (+15%), CV/CE (+16%), and tractors (+13%), driving 15%+ AUM growth.
Notwithstanding rural headwinds, resilient 1H credit costs reinforce management’s confidence in retained guidance.
Nomura on M&M Fin
Buy, TP cut to Rs 400
Asset quality holding up well
2QFY27 net profit: 14% vs estimates
Trim net profit estimates by 1-9% over FY27-29F;
Insurance distribution reform a risk
HSBC on M&M Fin
Buy TP cut to Rs 340
Healthy operating performance driven by higher fee income and lower credit cost led to beat in our 2QFY27 estimates
Tweak FY27-29e EPS estimates to reflect higher AUM growth outlook but rising pressure on NIM and fees
Lower TP at an implied valuation at 1.5x FY28e BVPS (from 1.7x)
Jefferies on M&M Finance
Recommendation: Hold, Target: ₹330 (Earlier Target: ₹365)
Q2: Slight profit miss; Margin headwind and asset quality risks ahead
Nims fell due to drag from trade advances & higher liquidity buffer
Aum should grow at 15% Cagr over Fy26-28e, but rising rates can pressure Nims
Tighter insurance norms pose fee income risks
Asset quality was steady, but stress can rise given weak monsoon
- October 22, 2026 09:34
Stock in focus: Eternal
JPM On Eternal
OW, TP Rs 420 from Rs390
Eternal’s 2Q print beat across FD and QC NOV but missed cons Ebitda on both.
FD NOV growth continued to accelerate for the fifth consecutive quarter to reach 21% YY driven by rising MTCs as well as order frequency.
Eternal appears confident of sustaining at least 20% YY growth in FD by holding margins flat over the next 1-2 years.
Blinkit NOV growth accelerated to 22% QQ while adj Ebitda margins improved 30bps QQ to 0.9% of NOV.
Confidence on FY29 QC NOV guide (60% CAGR) was reiterated with upgrades to Mar’27 DS target to 3500 (from 3000) & new Mar 28 target of 5000 stores
Confidence stems from recovering payback periods despite competition and success in smaller cities and new stores around newer categories
CLSA on Eternal
High Conviction O-P, TP Rs 506
2Q broadly in-line with better growth and the contribution for Blinkit and Zomato.
Blinkit’s adj. Ebitda missed (lofty) expectations as Blinkit accelerated store additions, especially in smaller towns.
Management also guided for a flattish near-term adj. Ebitda margin for Zomato as it re-invests in growth.
Consequently, make significant changes (38%-78% to FY27-29 PAT) to reflect a faster store roll-out & marketing expenses
Now believe steady-state profitability will be achieved in FY29 (not FY28 as assumed before).
CITI on Eternal
Buy, TP Rs 385
Co shifted gears up on investments in Quick Commerce: raising store guidance to 3.5k by Mar’27 (from 3k) and 5k by Mar’28.
MTU addition continues to accelerate: +5.2mn in 2Q (4.6mn in 1QFY27 and avg. 3.4 mn/qtr in FY26), primarily led by smaller towns and cities where Eternal is entrenching its first mover advantage.
2Q was slightly ahead on top-line (FD/QC NOV growth at 21% YoY/22% QoQ vs Citi: 20%/20%) but QC Adj EBITDA missed high ests.
(Citi/Consensus: Rs2.6bn/Rs1.8bn), at Rs1.8bn due to escalation in growth investments (customer acquisitions and dark stores).
Commentary bullishness on competitive positioning, near-term growth, degree of discretion in balancing growth-margin matrix was high
Jefferies on Eternal
Recommendation: Buy, Target: ₹430 (Earlier Target: ₹415)
Limitless - Zomato + Blinkit + District + dark.ai
Eternal is stepping on the accelerator: faster Blinkit store rollout with improving economics
See >20% Fd growth, & rising confidence in District
Beyond Q2, the key excitement & monitorable is the Ai platform (dark.ai)
Not much is known today, & the outcome could be binary, but we like the experimental Dna
Macquarie on Eternal
Recommendation: Underperform, Target: ₹225
Continued strong execution
Management raised its store guidance to >3,500 by Mar-27 from 3,000 earlier
Acknowledge that consistent execution supports consensus expectations
Prefer Eternal over Swiggy and rate Eternal Underperform given what we believe is already priced in
Morgan Stanley on Eternal
Recommendation: Overweight, Target: ₹417 (Earlier Target: ₹373)
Names it an Analyst Top Pick
Quick commerce monthly transacting customer growth continues to surprise positively, driven by strength in smaller cities
The weighted target price increased by 12%, led by an approximate 16% lift in base case value
UBS on Eternal
Recommendation: Buy, Target: ₹390
Q2FY27 – quick commerce beats estimate; Store targets raised
Food delivery margins flattening out
Sounded confident on competition in quick delivery
Expect both dark store and growth to accelerate incoming quarters
- October 22, 2026 09:32
Stock market today: Goldman Sachs on Shipbuilding
Mazagon Dock – Initiate Sell with TP of Rs 1855
Garden Reach Shipbuilders – Initiate Sell with TP of Rs 1515
Uncertainty around orders, decline in near-term earnings imply further downside
Mazagon Dock - Low book/bill in a long gestation period business; major re-rating events look to be over
Garden Reach - Earnings decline imminent as key Ngc order get delayed
- October 22, 2026 09:31
Krsnaa Diagnostics partners AZmed to evaluate AI-powered fracture detection on X-rays
Krsnaa Diagnostics Ltd has partnered with medical imaging company AZmed to evaluate its AZtrauma solution for detecting and triaging fractures, joint effusions and dislocations on X-rays.
The solution is part of AZmed’s Rayvolve AI suite. The collaboration aims to assess how AI-assisted radiology can improve reporting efficiency, operational productivity and utilisation of radiologist capacity.
- October 22, 2026 09:31
Magellanic Cloud subsidiary emerges L1 bidder for Bank of Maharashtra e-surveillance project worth ₹115 crore
Magellanic Cloud Ltd said its wholly owned subsidiary, Provigil Surveillance Ltd, has emerged as the lowest (L1) bidder in a Bank of Maharashtra tender for e-surveillance solutions across more than 1,550 sites. The project is valued at approximately ₹115 crore.
- October 22, 2026 09:30
Stock market update: Nomura on Aluminum
Nomura on Vedanta Aluminum
Initiate Buy on Vedanta Aluminum – TP Rs 500
Believe its cost structure is undergoing favorable reset dynamics
Nomura on Hindalco
Initiate Buy on Hindalco – TP Rs 1100
Believe the company is capitalizing on expansion projects that the market has not yet fully recognized
Nomura on NALCO
Initiate Neutral on Nalco – TP Rs 320
Limited growth initiatives and unfavorable earnings composition
Differentiated approach reflects conviction that value creation in aluminum will increasingly depend on resource control & operational efficiency rather than commodity price exposure.
- October 22, 2026 09:29
List of stocks that closed below their previous 52-week lows on 21 October 2026
Vishal Mega Mart
SJVN
RCF
GMDC
NBCC
Jupiter Wagons
KEC international
Yes Bank
Muthoot Finance
SRF
Swiggy
EID Parry
Railtel Corporation
Cochin Shipyard
Godawari Power
ITI
Voltas
Dmart
TVS Holdings
DOMS Industries
Tube Investment
Max Healthcare Institute
Sammaan Capital
NTPC
Jubilant FoodWorks
ICICI Life Insurance
Biocon
HUDCO
NMDC
Max Financial Services
BBTC
Ramco Cement
Britannia industries
Godfrey Phillips
Fortis Healthcare
MRF
Timken
NSDL
Ircon International
CG Consumer Electricals
Globus Spirits
Liberty Shoes
Sharda Cropchem
Anup Engineering
Praj Industries
Hi-tech Gears
Shakti Pumps
Campus Activewear
Aurionpro Solutions
MOIL
Camlin Fine Sciences
Greenpanel Industries
Vinati Organics
Sanofi India
GM Breweries
India Pesticides
GIC Housing Finance
Star Cement
Mas Financial Services
- October 22, 2026 09:28
SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
The company revived plans in March 2023 with a confidential filing before postponing the offering for a third time in May
- October 22, 2026 09:27
India’s private investment pipeline hits ₹99.7 lakh crore as IT services and power lead growth
India’s private capex pipeline rises 39% to ₹99.7 lakh crore, but risks persist
India’s private capex pipeline rose 39% to ₹99.7 lakh crore in September 2026, led by IT services and power, but concentration and execution risks remain.
- October 22, 2026 09:27
Crypto market testing higher price levels while absorbing selling pressure: Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin’s move above $84,000 before pulling back towards $82,000, reflects a market that is testing higher price levels while absorbing selling pressure. The encouraging sign is that Bitcoin has maintained a substantial recovery from its recent lows, while renewed trading activity suggests participants are actively positioning for the next move. Nearly $270 million in crypto positions were liquidated over 24 hours, predominantly short positions, while Bitcoin’s open interest rose 4.54%. This points to increased market participation, although sustained spot buying will be important to support further upside.
The regulatory backdrop is also evolving positively. The US Office of the Comptroller of the Currency has finalised rules under the GENIUS Act, setting requirements for permitted payment stablecoin issuers. Clearer standards around reserves, redemptions and supervision could help strengthen confidence in the stablecoin ecosystem and support its integration into mainstream financial services.
For investors, the pullback towards $82,000 need not negate the significance of Bitcoin’s move above $84,000. Consolidation after testing resistance can allow the market to absorb profit-taking and establish a stronger base for its next move. If buying demand returns and Bitcoin reclaims the $84,000 to $84,800 range, it could create room for another attempt higher. The focus now is on whether the market can turn this recent momentum into a sustained recovery.”
- October 22, 2026 09:19
Nestle India responds to FSSAI notice over Lactogen Pro 1 labelling claim
Lactogen Pro 1 labelling: Nestle India responds to FSSAI’s scientific evidence demand
The regulator has also scrutinised immunity and digestion claims, as well as digital promotions involving infant milk substitutes and their purported benefits.
- October 22, 2026 09:07
Rupee opens little changed at 94.47 per US dollar; previous close 94.46
- October 22, 2026 08:02
Q2 FY27 results announced on 21-10-2026: A snapshot
Q2FY27 RESULTS SNAPSHOT – 21 OCTOBER 2026
Good / Decent / Strong Results
1. YASH HIGHVOLTAGE – BLOCKBUSTER
- Order book reached ₹760 Cr as of September 30, 2026.
- Order book grew 90% from ₹400 Cr in March 2026.
- Order book increased 5.1x from ₹150 Cr in March 2025.
- Jarod facility’s RIP and RIS bushing manufacturing targeted for Q3FY27 commissioning.
2. ETERNAL – SOLID PERFORMANCE
- NOV B2C business grew 54%.
- Adjusted EBITDA increased 197%.
- Quick commerce store target raised to 3,500 by March 2027.
- Around 5,000 stores planned by March 2028.
- Three-year NOV CAGR guidance retained at 60%.
- Q2 growth moderated to ~79% YoY amid a higher base.
3. INFINITY INFOWAY – SOLID PERFORMANCE
4. AYE FINANCE – STRONG GROWTH
- AUM increased 26% YoY.
- NII grew 40%; PPOP increased 54%.
- PAT surged 151%.
- Lending moderated in drought-affected regions.
- Management remains confident of achieving FY27 guidance.
5. INTERNATIONAL GEMMOLOGICAL INSTITUTE – SOLID PERFORMANCE
- Certification revenue increased 32%.
- Certification volumes grew 26%.
- Average realised price increased 4%.
- EBITDA grew 39%; PAT increased 43%.
- Management expects full-year outperformance versus original guidance.
- Revenue growth outlook improved from the initial 15% target.
6. NURECA – DECENT PERFORMANCE
- Revenue increased 55%.
- EBITDA grew 59.7%.
- PAT increased 11.7%.
- Lower other income moderated PAT growth.
7. PC JEWELLER – DEBT-FREE, EXPANSION PLANNED
- Fully repaid outstanding debt to 14 consortium banks.
- Interest costs expected to decline significantly from H2FY27.
- Plans up to 100 showrooms over 12–18 months.
- Expansion includes company-owned and asset-light franchise models.
8. INDIAN HOTELS COMPANY – DECENT PERFORMANCE
- EBITDA increased 21%.
- Standalone RevPAR grew 28%.
- Hotel segment revenue increased 24%.
- Standalone occupancy reached 82% versus 75% YoY.
- FY27 consolidated revenue growth guidance raised to 15–17%.
- Hotel segment revenue growth guidance stands at 17–19%.
9. KEI INDUSTRIES – DECENT PERFORMANCE
- Domestic wires and cables business grew 45.76%.
- Exports expected to grow substantially.
- Strong order book supports overseas business prospects.
- Demand strengthening across key international markets.
10. LMW – SOLID PERFORMANCE
- Margin expansion reported.
11. MAHINDRA & MAHINDRA FINANCIAL SERVICES – STRONG GROWTH
- Business AUM increased 15%.
- Disbursements grew 22%.
- PPOP increased 20%.
- PAT surged 55%.
12. WENDT INDIA – DECENT PERFORMANCE
- Revenue increased 28%.
- EBITDA grew 58.5%.
- PAT increased 103.33%.
13. ORIENTAL RAIL INFRASTRUCTURE – GOOD PERFORMANCE
14. ADANI GREEN ENERGY – DECENT PERFORMANCE
- Power supply revenue increased 45% YoY.
- Power supply EBITDA grew 51%.
- Operational capacity increased 24% to 20,763 MW.
- Added 3,081 MWh BESS capacity at Khavda during Q2.
- Total installed BESS capacity reached 6,632 MWh by H1FY27.
15. SWASTIKA INFRA – Q1 WEAK, Q2 SOLID
- Q1 execution slowed amid component price volatility and supply uncertainty.
- Management prioritised balance-sheet protection during geopolitical disruptions.
- EBITDA margin benefited from a one-time project mix shift.
- Full-year EBITDA margin expected to normalise around 14%.
- FY27 closing order book target stands at ~₹2,000 Cr.
- Current order book stands at approximately ₹1,420 Cr.
16. SONAM – STRONG GROWTH, MARGIN PRESSURE
- Revenue surged 313.12%.
- EBITDA increased 160%.
- PAT grew 316.80%.
- Margins declined.
---
Weak / Poor Results
1. ADITYA BIRLA SUN LIFE AMC
- Mutual fund QAAUM increased 4%.
- Equity QAAUM grew 9%.
- Operating PBT declined 6% YoY.
- Peer performance reportedly remains stronger.
2. WELSPUN SPECIALTY SOLUTIONS
- Margin declined.
3. AUTOMOBILE CORPORATION OF GOA
- Margins declined.
- International bus business volumes remain challenging.
- Middle East geopolitical developments continue affecting demand.
4. INDOSOLAR
5. MARATHON NEXTGEN REALTY
---
Mixed / Neutral / Average Results
1. VISHAL MEGA MART – BELOW AVERAGE
- Operating EBITDA increased 3.7%.
- Operating deleverage affected margins.
- Festive buying shifted from Q2 to Q3.
- Reported SSSG stood at 5.4%.
- Adjusted SSSG estimated around 9%.
- Festive demand momentum strengthened heading into Diwali.
2. MAHINDRA HOLIDAYS & RESORTS INDIA – AVERAGE
3. SRF – GROWTH WITH MARGIN PRESSURE
- Revenue increased 34.72%.
- EBITDA grew 22.18%.
- PAT increased 31.16%.
- Chemicals business revenue grew 25%.
- Chemicals operating profit increased 10%.
- Specialty chemicals faced pricing and Chinese overcapacity pressures.
- Geopolitical developments continue shaping the operating environment.
4. ADOR WELDING – MARGIN PRESSURE
- Revenue increased 22.64%.
- EBITDA grew 8.55%.
- EBITDA growth lagged revenue growth.
5. RAJRATAN GLOBAL WIRE
- Margin declined.
- October 22, 2026 08:01
Stock market outlook for today by Ponmudi R, CEO of Enrich Money
Indian equity markets are likely to open on a cautious note and remain under pressure, as persistently high crude oil prices and escalating geopolitical tensions weigh on investor sentiment. WTI crude is trading near $98 a barrel, while Brent has moved above $110, keeping macroeconomic risks firmly in focus. The prospect of sustained energy-price pressures could temper hopes of a durable recovery in domestic equities.
Escalating US–Iran tensions and reports of attacks on Saudi infrastructure have heightened concerns over prolonged disruptions to Middle Eastern energy supplies. Uncertainty surrounding the Strait of Hormuz remains a key risk, with any further escalation likely to push crude prices higher and trigger renewed volatility across global markets. A meaningful easing of tensions, however, could help moderate the risk premium embedded in oil prices.
On the domestic front, quarterly earnings from heavyweight companies may provide pockets of support, although the broader market outlook remains fragile. Investors are likely to focus on earnings quality, management guidance and foreign institutional investor (FII) flows for signs of whether the recent attempt at recovery can gain traction amid an increasingly challenging external environment.
Asian markets are trading lower in early deals, with Japan’s Nikkei 225 down around 0.30% and South Korea’s KOSPI falling more than 1%, signalling a weak regional backdrop for Indian equities. With elevated oil prices, geopolitical uncertainty and corporate earnings likely to shape sentiment, domestic benchmarks may remain volatile, with the sustainability of any recovery hinging on global cues and the extent of buying support at lower levels.
- October 22, 2026 08:00
Aditi Nayar, Chief Economist, ICRA Ltd on India's core output
“Core output rose by a robust 7.9% in September 2026, the fastest pace in the new series, with a favourable base supporting the improvement from the upward revised 5.9% growth seen in August 2026. The uptick was broad-based, with seven of the nine sectors, barring electricity and cement, recording an improvement in their performance in September 2026 vis-à-vis August.
Coal and iron ore output witnessed a meaningful pickup in their YoY growth rates in September 2026 compared to August 2026; while this was aided by a low base, the sequential uptick in coal was quite strong, amid low stocks at power plants. Refinery products output expanded by a series high 10.3% in September 2026, up from 5.6% in August 2026, supporting the growth in core output.
Growth in electricity generation eased somewhat to 11.4% in September 2026 from 13.1% in August 2026, albeit remaining quite strong, as the monsoon deficit supported demand in the month. ICRA now forecasts full year electricity growth at 8.5%, exceeding our baseline forecast for GDP growth for this fiscal (7.1%).
While cement output expanded by a robust 9.8% in September 2026, steel output growth was relatively muted at 4.9% in the month. However, trends in finished steel consumption suggest that construction activity likely remained healthy in the month.
Notwithstanding the uptick in core output expansion, ICRA expects the IIP growth to ease somewhat to 6.0-7.0% in September 2026 from 8.0% in August 2026, with an elevated base weighing on the non-core segment growth in the month.”
- October 22, 2026 07:58
Bajaj Broking's Deputy Vice President-Research Pabitro Mukherjee's pre-market commentary
Nifty CMP: 22,811.35
Index formed a second consecutive sizable bearish candle with a lower high and lower low signaling continuation of the corrective bias as the index closed below the 20 days EMA. Nifty started the session on a strong note and formed an intraday high of 23,120 in the first hour of trade. However, sharp selling pressure at higher levels saw the index gave up its gains and dragged lower by more than 450 points from the day’s high to form an intraday low of 22,650. Pullback in the last hour of trade saw the index closed off the lows around 22,800 levels.
Nifty despite starting on a positive note failed to move above Monday’s high 23,175 and dragged sharply lower signaling continuation of the corrective consolidation in the range of 22,500-23,150. Nifty has support at 22,500-22,400 levels being the 80% retracement of the last two weeks pullback 22180-23,175. A breach below 22,400 will negate the last two weeks pullback and open downside towards recent low of 22,180.
On the higher side key level to watch is Monday’s high of 23,175, only a move above the same will signal pullback towards 23,300 and 23,500 levels in the coming weeks.
Intraday Levels for Nifty
Resistance: 22,860 and 22,950
Support: 22,620 and 22,480
- October 22, 2026 07:56
Indian equities are likely to open lower, with GIFT Nifty trading below 22,700: Hariselvan Radhakrishnan, Founder & CEO of HST Wealth
Indian equities are likely to open lower, with GIFT Nifty trading below 22,700 despite a positive overnight close on Wall Street. The divergence suggests that domestic sentiment remains more sensitive to elevated energy costs, high global borrowing rates and the weakness in the Nifty’s underlying structure.
Brent holding near $110 and the US 10-year Treasury yield around 5.1% could continue to restrict any recovery. Persistently expensive crude may reinforce domestic inflation concerns and delay expectations of policy support, while elevated US yields could keep foreign capital tilted toward dollar assets. Unless both indicators retreat meaningfully, opening declines may attract only tactical buying rather than signal a durable reversal.
Wall Street advanced on encouraging corporate earnings, but the rally was driven largely by stock-specific developments. This may improve broader sentiment at the margin, although its support for Indian equities could remain limited until pressure from oil, yields and foreign flows begins to ease.
On the technicals, the gap-down is likely to place 22,700 under immediate pressure. Failure to hold this level could extend the decline toward 22,600–22,500, while 22,900 and 23,000 are now the principal recovery hurdles. A rebound above 22,900 with support from banking stocks could stabilise the market; otherwise, the prevailing structure remains vulnerable to selling at higher levels.
The opening weakness may moderate if domestic institutions absorb the initial supply and Bank Nifty holds its recent support region. However, sustained trading below 22,700, accompanied by firm crude and bond yields, would increase the probability of another leg lower during the session.
- October 22, 2026 07:55
Bitcoin trading close to a technical decision zone: WazirX trade desk report
“Bitcoin traded near $83,460, up approximately 0.6% over 24 hours, while Ether hovered around $2,452, marginally lower. Total cryptocurrency market capitalization stood at $2.79 trillion, with the Fear and Greed Index at a neutral 53, suggesting that confidence is recovering without widespread exuberance.
Bitcoin spot ETFs recorded daily net inflows of $289.8 million, according to the supplied dashboard, providing evidence of demand through regulated investment products. Meanwhile, Santiment’s October 21 figures put derivatives open interest at $23.4 billion for Bitcoin, $15.5 billion for Ether and $2.7 billion for Solana.
The combination of recovering prices and rising open interest suggests greater derivatives participation.
Bitcoin is trading close to a technical decision zone. The supplied moving-average snapshot places the 30-period simple moving average near $83,470 and the Hull moving average near $83,644.
Sustained trading above this band would strengthen the recovery case and bring $84,000 into focus. A break below $82,750 would weaken near-term momentum and expose the lower support zones.
Ether’s 2,400–2,500 psychological band provides an initial reference range. A sustained move above $2,500 would suggest improving momentum, while losing $2,400 would shift attention towards $2,350.
US equities advanced on October 21, with the Nasdaq gaining approximately 1.1%, the S&P 500 0.6% and the Dow 0.7%. Together with the supplied VIX reading of 16.68, down 3.64%, this suggests improving appetite for risk, a potentially supportive backdrop for Bitcoin.
However, if elevated energy prices persist and feed into broader inflation, expectations for Federal Reserve easing could weaken. Higher Treasury yields and a stronger dollar, should they follow, could constrain Bitcoin’s recovery.” - Nischal Shetty, Founder, WazirX
- October 22, 2026 07:52
Govt bond selloff to continue as RBI policy minutes hint at more rate hikes
Govt bond selloff to continue as RBI policy minutes hint at more rate hikes
Indian government bonds are likely to weaken further in early deals on Thursday, after minutes of the latest monetary policy meeting showed that members of the rate-setting panel indicated further rate hikes may be needed to curb inflation.
- October 22, 2026 07:34
Stocks to watch today: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC
Stocks to watch, Oct 22: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC
Stocks to watch, October 22, 2026: Sagility India, Tata Communications, Bharat Electronics, Omnitech, PDS, SEAMEC
- October 22, 2026 07:08
Stock to buy today: HCL Technologies
- October 22, 2026 07:07
KEI Industries Q2 FY27 results: PAT rises to ₹262 crore
KEI INDUSTRIES Q2FY27 :-
Revenue 3,776.00 Cr vs 2,726.00 Cr
(+38.52% YoY┃+18.56% QoQ)
EBITDA 377.00 Cr vs 269.00 Cr
(+40.15% YoY┃-4.80% QoQ)
EBITDA Margin 9.98% vs 9.87% YoY & 12.43% QoQ
PAT 262.00 Cr vs 204.00 Cr
(+28.43% YoY┃-4.38% QoQ)
EPS 27.45 vs 21.30 YoY & 28.68 QoQ
- October 22, 2026 07:06
Indian Hotels Q2 FY27 results: Consolidated net profit rises to ₹379.85 crore
INDIAN HOTELS Q2 FY27 (CONS.)
Net Profit: ₹379.85 Cr ↑19.35% YoY | ↓2.80% QoQ
Revenue: ₹2,484.32 Cr ↑21.73% YoY | ↑6.20% QoQ
EBITDA: ₹705.78 Cr ↑23.79% YoY | ↑4.92% QoQ
EBITDA Margin: 28.41% vs 27.93% YoY | 28.76% QoQ
- October 22, 2026 07:05
Eternal Q2 FY27 results: PAT rises to ₹125 crore
ETERNAL (ZOMATO) Q2FY27 :-
Revenue 24,138.00 Cr vs 13,590.00 Cr
(+77.62% YoY┃+19.43% QoQ)
EBITDA 752.00 Cr vs 239.00 Cr
(+214.64% YoY┃+26.60% QoQ)
EBITDA Margin 3.12% vs 1.76% YoY & 2.94% QoQ
PAT 125.00 Cr vs 65.00 Cr
(+92.31% YoY┃+35.87% QoQ)
EPS 0.14 vs 0.07 YoY & 0.10 QoQ
- October 22, 2026 07:04
Yash Highvoltage H1 FY27 results: Consolidated net profit up 165.74% at ₹36.37 crore
YASH HIGHVOLTAGE H1 FY27 (CONS.) ; NET PROFIT UP 165.74% AT ₹36.37 CR (YOY)
REVENUE UP 95.31% AT ₹194.51 CR (YOY)
EBITDA UP 152.32% AT ₹53.58 CR (YOY)
MARGINS AT 27.55% VS 21.32% (YOY)
- October 22, 2026 06:59
Ador Welding Q2 FY27 results: PAT rises to ₹27 crore
ADOR WELDING Q2FY27 :-
Revenue 345.00 Cr vs 281.00 Cr
(+22.78% YoY┃+11.65% QoQ)
EBITDA 38.00 Cr vs 35.00 Cr
(+8.57% YoY┃+5.56% QoQ)
EBITDA Margin 11.01% vs 12.46% YoY & 11.65% QoQ
PAT 27.00 Cr vs 25.00 Cr
(+8.00% YoY┃-3.57% QoQ)
EPS 15.48 vs 14.37 YoY & 15.86 QoQ
- October 22, 2026 06:58
Bharat Parenterals subsidiary commences commercial supply to the US market
Subsidiary Innoxel Lifesciences commences commercial supply to the United States market:
- First CMO product launched in the U.S. market on October 20, 2026
- Product manufactured at finished dosage facility in Vadodara, Gujarat
- Innoxel reported FY26 revenue of ₹72.40 Cr from licensing
- Company expects to commercialise two CMO products in FY27
- More CMO launches planned over the next two quarters and into FY28
- Innoxel signed 23 deals in FY26, including 16 CMO/CDO agreements
- October 22, 2026 06:57
Goldman Sachs' coverage of Shipbuilders
Goldman Sachs: India Aerospace & Defense: Shipbuilders: Uncertainty around orders, decline in near-term earnings imply further downside; We Initiate Coverage on Mazagon Dock Shipbuilders (MAZG), with a 12-m TP of INR 1,855, and Garden Reach Shipbuilders (GRSE), with a 12-m TP of INR 1,515, Both at Sell
- October 22, 2026 06:57
Stock market today: All-time low alert
6 stocks closed below their previous all-time lows on 21-10-2026
🔻NSDL
🔻Swiggy
🔻Sundaram-Clayton
🔻Vishal Mega Mart
🔻Campus Activewear
🔻Sanofi Consumer Healthcare
- October 22, 2026 06:55
PC Jeweller Q2 FY27 results: PAT rises to ₹331 crore
Revenue 1,054.00 Cr vs 825.00 Cr
(+27.76% YoY┃+20.18% QoQ)
EBITDA 310.00 Cr vs 178.00 Cr
(+74.16% YoY┃+28.10% QoQ)
EBITDA Margin 29.41% vs 21.58% YoY & 27.59% QoQ
PAT 331.00 Cr vs 210.00 Cr
(+57.62% YoY┃+49.10% QoQ)
EPS 0.34 vs 0.30 YoY & 0.23 QoQ
- October 22, 2026 06:54
Institutional Investors EQUITY Cash Trades PROV. - 21/10/2026 (in crores)
FIIS : BUY +1,022 (17,004-15,982)
DIIS : BUY +1,614 (14,931-13,317)
- October 22, 2026 06:48
Today's stock recommendation: HCL Technologies (1,423.85) – BUY
Stock to buy today: HCL Technologies (1,423.85) – BUY
Bullish technical outlook for HCL Technologies with a target of ₹1,580, buy on dips around ₹1,395–₹1,424, and guided stop-loss levels.
Published on October 22, 2026
Figures reflect the source report and its stated period. This article is for information and is not investment advice.
