On Wednesday, October 14, the SENSEX fell 168.69 points, or 0.23%, to trade at 72,865.09, while the NIFTY50 dropped 70.30 points, or 0.31%, to 22,651.65. The benchmark indices were in the red zone during the afternoon session, with the SENSEX hitting an intraday low of 72,578.75 and the NIFTY50 touching the session’s low of 22,558.95. The sell‑off was driven by a slump in pharma stocks, a surge in global crude oil prices, and persistent foreign institutional investor outflows.

Wholesale price inflation accelerated to 11.39% in September from 9.92% in August, according to government data released on Wednesday. The wholesale price index rose to 112.5 in September from 110.8 in August. At 1:52 PM, the S&P BSE SENSEX fell 168.69 points, while the NSE’s NIFTY50 stood at 22,651.65, marking a 70.30‑point decline. On Tuesday, FIIs sold shares worth ₹1,305.13 crore, whereas DIIs purchased equities worth ₹2,439.24 crore on a net basis.

SS Retail shares surged as much as 19.95% to hit an intraday high of ₹830 on the NSE after announcing robust quarterly earnings for the period ended June 2026 (Q1 FY27). The company reported a 59% year‑on‑year revenue jump to ₹789 crore, driven by a 34% same‑store sales growth and higher average selling price on smartphones. The earnings announcement lifted the stock to its highest level since the start of the fiscal year, reflecting strong business momentum and improving operating efficiencies.

Transformers and Rectifiers India Ltd (TARIL) rallied 18.7% to an intraday high of ₹360.80 after posting a 135% year‑on‑year rise in consolidated net profit to ₹80 crore in Q2 FY27, compared with ₹34 crore a year earlier. Revenue from operations grew 61% YoY to ₹739 crore, and operating profits surged to ₹128 crore. EBITDA margins expanded by 600 basis points to 17.35% from 11.35% in the previous fiscal year, underpinning the stock’s strong performance.

Tata Elxsi stock jumped 8.3% to touch the session’s peak of ₹3,710 after reporting better‑than‑expected revenue and margin figures in Q2 FY27. Net profit after tax remained flat at ₹170.2 crore versus ₹170.6 crore in the prior quarter, but rose 10% YoY to ₹154.81 crore. Bharat Coking Coal Ltd (BCCL) shares rose 7.6% to ₹33.48 after its board approved a rationalisation of basic prices for certain raw coking coal grades, with increases ranging from 0.1% to 14% for the non‑regulated sector.

Other notable moves included Railtel Corporation of India climbing 2.2% to ₹257.15 after securing a ₹197.18 crore order from State Bank of India for MPLS links, and Aegis Logistics surging 7.7% to ₹1,500 after a definitive agreement to acquire 89.8% of Tristar Holdings for $809 million. ICICI Life Insurance advanced 2.95% to ₹460.20 after reporting a 24.8% YoY rise in standalone PAT to ₹374.22 crore, while Hero Motors surged 7.9% to ₹167.39 after announcing Q1 FY27 revenue of ₹319 crore, up 25% YoY.