On Wednesday, 28 October, the SENSEX fell 352.64 points, a 0.48% decline, to close at 73,246.03. The NIFTY50 also slipped, ending 50.90 points lower, or 0.22%, at 22,698.85. The benchmark indices touched intraday lows of 72,603.57 for the SENSEX and 22,497.70 for the NIFTY50, falling as much as 1.35% and 1.11% respectively. The downturn was driven by a sell‑off in oil and gas and information technology stocks, amid rising crude prices and cautious sentiment ahead of the U.S. Federal Reserve meeting.

The NIFTY50’s biggest fallers were Infosys, which closed 3.43% lower, followed by Reliance Industries Ltd at 3.19%, Oil and Natural Gas Corporation at 2.16%, Tech Mahindra at 1.92% and Bharti Airtel at 1.55%. On the upside, Apollo Hospitals Enterprise led gains with 4.43%, Larsen and Toubro added 3.72%, Trent rose 3.31%, SBI Life Insurance climbed 2.06% and InterGlobe Aviation (IndiGo) increased 2.03%. The day’s movements reflected a broader sell‑off in the IT sector and a rally in healthcare and infrastructure names.

The NIFTY Midcap 100 rose 244.80 points, a 0.43% gain, to close at 57,274.70. Voltas led the rally with a 6.94% jump, followed by Patanjali Foods at 6.22%, Biovon at 5.49%, National Aluminium Company at 4.96% and Blue Star at 4.72%. The index’s advance was supported by strong earnings and positive sentiment across midcap stocks. In contrast, Steel Authority of India fell 5.37%, MphasiS dropped 3.83%, Radico Khaitan slid 3.61%, United Spirits declined 3.35% and Indus Towers slipped 3.19%.

The NIFTY Smallcap 100 finished at 18,634.90, up 166.20 points or 0.90%. Piramal Pharma surged 16.04%, reaching a fresh 52‑week high after turning to profit and upgrading its FY27 outlook. Other top gainers were Syngene International at 10.60%, PG Electroplast at 7.16%, TD Power Systems at 4.74% and Pine Labs at 4.69%. The index’s decline was led by Mangalore Refinery and Petrochemicals Ltd at 8.73%, Kaynes Technology India at 6.28%, Sterlite Technologies at 3.62%, Chennai Petroleum Corporation at 3.55% and Data Patterns at 3.26%.

Larsen and Toubro’s share price climbed 3.72% after the company announced a 32.5% rise in consolidated net profit to ₹5,202.10 crore for the September quarter of FY27, up from ₹3,926.09 crore in the same quarter a year earlier. The earnings lift was driven by higher revenue, reinforcing investor confidence in the infrastructure sector. The company’s robust performance contributed to the overall positive sentiment in the NIFTY50, offsetting losses in the IT and energy segments.