SENSEX and NIFTY50 Close Flat Amid Cement and Banking Sell‑off, Tata Consumer Leads Gains
On Tuesday, October 27, the SENSEX and NIFTY50 closed flat, with a slight negative bias after a sell‑off in cement and banking stocks. The SENSEX fell as much as 0.6% to an intraday low of 73,179.41, while the NIFTY50 slumped 0.51% to a session low of 22,636.85 before recovering. Despite the dip, the indices ended the day at 73,598.67 and 22,749.75 respectively, matching the flat close reported on October 23 when the SENSEX declined 8.08 points to 73,598.67 and the NIFTY50 fell 3.45 points to 22,749.75.
In the NIFTY50, the biggest losers were Asian Paints at -1.94%, Coal India at -1.73%, Grasim Industries at -1.67%, State Bank of India at -1.63%, and Tata Consultancy Services at -1.50%. The top gainers included Tata Consumer Products, which closed 6.78% higher after reporting a positive quarter driven by volume growth in domestic business, improved margins, price increases, and effective input cost management. Other gainers were Bharti Airtel at 3.20%, Bajaj Auto at 3.17%, BSE at 2.44%, and Trent Ltd at 2.42%.
Tata Consumer Products, a fast‑moving consumer goods company, posted a 16% year‑on‑year rise in consolidated net profits for the July to September quarter of FY27, reaching ₹469 crore compared with ₹404 crore in the same quarter of the previous year. Margins remained under pressure with muted growth, yet the company managed to increase its net profit attributable to owners by 16% YoY. The profit surge was supported by volume growth, price hikes and efficient input cost control.
The NIFTY Midcap 100 index advanced 1% or 564.50 points to close at 57,029.90 on October 27, buoyed by buying in Mankind Pharma, which ended 8.24% higher. Investors focused on the pharmaceutical manufacturer’s healthy revenue gains and strong margin growth, with analysts predicting further EBITDA growth potential due to better visibility of exports and India’s prescription drugs business. Other top winners were APL Apollo Tubes at 6.55%, Bank of Maharashtra at 5.10%, GE Vernova T&D India at 5.01%, and Bank of India at 4.51%. The index’s top laggards were Mahindra & Mahindra Financial Services at -6.48%, REC Ltd at -3.92%, One 97 Communications at -3.21%, AU Small Finance Bank at -2.42%, and Bharat Dynamics Ltd at -2.24%.
The NIFTY Smallcap 100 index surged 2.69% or 483.70 points to end at 18,468.70. Leading the pack were Ola Electric Mobility at 19.51%, Onesource Specialty Pharma at 14.01%, Acutaas Chemicals at 13.35%, Data Patterns at 9.49%, and Sona BLW Precision Forgings at 8.95%. On the downside, Aegis Logistics fell 7.05%, Redington 2.25%, KEC International 1.94%, Tata Technologies 1.77%, and IFCI 1.50%. The small‑cap rally reflected investor optimism in high‑growth sectors, while the declines highlighted concerns over profitability and market sentiment in specific industries.