On Monday, October 27, the Indian benchmark indices SENSEX and NIFTY50 continued their downward trend, with SENSEX tumbling as much as 0.54% to an intraday low of 73,210.76 and NIFTY50 slumping 0.44% to 22,653.20. At 1:20 PM, the S&P BSE SENSEX declined 207.47 points, or 0.28%, to 73,399.28, while NSE’s NIFTY50 stood at 22,712.45, reflecting a 40.75‑point, or 0.18%, fall. The sell‑off was driven by weak cement and information technology stocks and persistent foreign institutional investor (FII) outflow of ₹1,462.49 crore, while domestic institutional investors (DIIs) bought ₹2,609.57 crore on a net basis.

The top losers in the NIFTY50 index included Adani Enterprises, Hindustan Unilever Ltd (HUL), Asian Paints, Grasim Industries, and Tata Consultancy Services (TCS). In contrast, Tata Consumer Products, Bharti Airtel, BSE Ltd, Power Grid Corporation of India, and Bajaj Auto were among the top gainers. Defence stocks such as HAL, BEL, and BEML rallied after the government cleared procurement proposals worth ₹2.12 lakh crore for a range of military platforms and weapon systems, approved by the Defence Acquisition Council chaired by Defence Minister Rajnath Singh.

Telecom stocks were spotlighted as the Telecom Regulatory Authority of India published September subscription data. Reliance Jio added 27.12 lakh users, Bharti Airtel added 26.92 lakh, Vodafone Idea added 5.50 lakh, and BSNL added 6.25 lakh. VA Tech Wabag shares surged 9.07% to ₹1,862.30 after securing a ‘Mega’ order from Reliance Industries for a desalination plant at Jamnagar, Gujarat, with a capacity of 8,400 cubic metres per hour expandable to 12,600 cubic metres per hour.

Aequs stock tumbled 18.9% to ₹196.50 after reporting a consolidated net loss of ₹52.39 crore for Q2 FY27, up from a loss of ₹20.59 crore in the same period of the preceding fiscal year. Revenue from operations rose 45.3% YoY to ₹409.08 crore, while EBITDA fell 45% YoY to ₹24.5 crore, with the EBITDA margin contracting to 6% from 16% in Q2 FY26.

Transformers and Rectifiers (India) (TARIL) advanced 7.4% to ₹321.85 after announcing a ₹1,250 crore investment to establish three greenfield manufacturing plants at its Chiyada complex in Gujarat, producing bushings, pressboard, insulation materials, and continuously transposed conductors under a wholly owned subsidiary. Tata Consumer Products stock rallied 6.7% to ₹999.50 after reporting a 16% YoY rise in consolidated net profit to ₹469 crore for the July‑September quarter of FY27, driven by volume growth, improved margins, price increases and effective input cost management.

Sona BLW Precision Forgings shares climbed as much as 11% to reach a session peak of ₹868 on the NSE after posting a 29% growth in net profit to ₹223.4 crore for the July‑September quarter of FY27, with revenue from operations jumping 34.9% to ₹1,535.84 crore from ₹1,138.29 crore a year ago. The auto component major’s MD and group CEO Vivek Vikram Singh highlighted the quarter as almost perfect across financial performance, technology, new product development, new orders, cash flow generation and the conferring of the Deming Award after a nine‑year quality journey.