On Monday, October 19, the SENSEX slipped 876.38 points or 1.17% to close at 73,852.90, while the NIFTY50 ended at 22,888.95, down 257.20 points or 1.11%. The benchmark indices fell into negative territory amid a weak global market and a sell‑off in banking and railway PSU stocks. The SENSEX tumbled as much as 1.4% to hit an intraday low of 73,708.54, and the NIFTY50 tanked as much as 1.3% to touch the session’s low of 22,845.

Brent crude oil prices declined on Monday’s market but remained elevated at around $108 per barrel (bbl). The Indian benchmark indices closed in negative territory on Monday, October 19, amid a weak global market and a sell‑off in banking and railway PSU stocks. The SENSEX declined by 876.38 points or 1.17% to close at 73,852.90, while the NIFTY50 ended at 22,888.95, down by 257.20 points or 1.11%.

Axis Bank shares weighed down on the NIFTY50 index, closing 4.19% lower, despite reporting a strong set of earnings in the second quarter of the current financial year. The stock came under selling pressure after its net profit narrowly missed the analyst estimate compiled by LSEG of ₹7,124 crore. Rising bond yields and volatility in the rupee during the quarter weighed on treasury income at Axis Bank, news agency Reuters reported. Goldman Sachs said that QFY27 earnings were largely in‑line with expectations and the thesis of cyclical inflection in core pre‑provisioning operating profit (PPoP) growth remains on track.

The top losers on Monday included Tata Motors PV (-3.09%), Infosys (-2.63%), Bajaj Finance (-2.52%) and Apollo Hospitals Enterprise (-2.41%). Shares of Apollo Hospitals Enterprises fell, along with other hospital chains and pharmaceutical stocks with oncology exposure, after the National Pharmaceutical Pricing Authority (NPPA) capped trade margins at 30% for 137 identified non‑scheduled anti‑cancer drug formulations. The measure, effective November 9, 2026, is expected to reduce the maximum retail prices (MRPs) of the affected medicines by up to 70%, depending on their existing price structures.

On the flip side, the top gainers included JSW Steel (2.06%), Oil and Natural Gas Corporation (1.35%), State Bank of India (1.15%), Larsen & Toubro (L&T) (0.96%) and Eicher Motors (0.89%). L&T shares rose as its Public Spaces, Airports & Health (PAH) business vertical secured a Limited Notice to Proceed (LNTP) from the PPP consortium developing the New Tashkent International Airport in Uzbekistan. The LNTP has been issued following the execution of an engineering, procurement & construction (EPC) contract, awarded to L&T earlier, for the construction of the passenger terminal and associated landside infrastructure of the greenfield airport, according to a regulatory filing. The order is worth more than ₹15,000 crore, as per L&T’s order classifications.

The NIFTY Midcap 100 gauge declined by 1.09% or 641.80 points to close at 58,487.95 on October 19. The top losers included Hindustan Copper (-3.96%), Suzlon Energy (-3.86%), NLC India (-3.77%), Info Edge (Naukri) (-3.56%) and YES Bank (-3.54%). On the other hand, Bank of India (3.34%), the Federal Bank (3.21%), Bank of Maharashtra (1.47%), Oil India Ltd (0.90%) and Hindustan Petroleum Corporation Ltd (HPCL) (0.72%) were among the top winners. The NIFTY Smallcap 100 index dropped by 1.01% or 194.05 points to end at 18,935.75. The top losers in the pack were Urban Company (-10.45%), Himadri Speciality Chemical Ltd (HSCL) (-9.19%), Deepak Fertilizers And Petrochemicals Corporation (-6.46%), Sammaan Capital (-6.36%) and Aarti Industries (-5.19%).