- Summary
- The Sensex rose 941.88 points to close at 71,502.01 while the Nifty 50 gained 301.40 points to end at 22,255.90 on Thursday, 15 October 2026, a third straight day of gains after the first commercial tankers transited the Strait of Hormuz without incident and ceasefire talks began in Muscat.
- Nifty Metal led the sectors with a 2.8% rise, followed by Realty and Financial Services, while Pharma was the only decliner as the defensive unwind continued, with InterGlobe Aviation, Tata Steel and Bajaj Finserv the top Nifty gainers and Sun Pharma and Cipla the laggards.
- Jewellery stocks rallied ahead of Dhanteras, with Kalyan Jewellers up 5.4% and Titan at its highest close since January, while Hyundai Motor India gained 3.8% on a ₹7,000 crore capacity expansion and Wipro beat profit estimates after market hours.
- Brent fell to $93.58, its lowest since 22 September, the VIX eased to 17.20, foreign investors bought for a third day, and the rupee firmed to 96.04, its best level in three weeks.
The Sensex rose 941.88 points, or 1.33%, to close at 71,502.01, while the Nifty 50 ended 301.40 points, or 1.37%, higher at 22,255.90, decisively clearing the 22,100 resistance level for its highest close since 8 October.
The breadth kept improving. The Nifty MidCap 100 rose 1.67% and the Nifty SmallCap 100 gained 1.88%, while foreign investors net bought ₹3,480 crore in their third straight session of buying, alongside ₹1,920 crore of domestic institutional purchases.
Impact on the stock market
Sectoral gainers: Nifty Financial Services led with a 1.6% gain, followed by Auto at 1.4% and Consumer Durables at 1.2%, with the festive demand trade building on Tuesday’s rotation.
Sectoral losers: Nifty Oil & Gas was the only decliner at 0.4%, as normalising crude trimmed the earnings outlook for upstream producers, with ONGC and Coal India the day’s notable laggards.
| Sector/Index | Performance |
| IT & BPM sector | 1.82% |
| Healthcare sector | 0.39% |
| Oil & Gas sector | 1.41% |
| Real estate sector | 0.72% |
| PSU Bank in India | -1.55% |
Top gainers today
Here are the stocks that delivered the Top gainers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| Tech Mahindra | 1,650.00 | 4.7 |
| ICICI Bank | 1,389.40 | 3.80 |
| Reliance | 1,215.00 | 3.44 |
| Bharti Airtel | 1,854.00 | 3.31 |
| BSE Limited | 3,428.00 | 2.70 |
Top losers today
Here are the stocks that saw the Top losers in today’s trading session. The table below lists each company along with its share price and percentage change for the day.
| Company | Share Price (in ₹) | Change % |
| Nestle | 1,275.80 | -7.76 |
| Adani Enterprise | 2,700.00 | -0.83 |
| Trent | 2,949.70 | -0.72 |
| Shriram Finance | 943.80 | -0.65 |
| Bharat Electronics | 380.40 | -0.51 |
Market aftermath: Impact on stocks
Wipro Q2: A Profit Beat, a $1.7 Billion Deal Haul and Cautious Clients Returning
Results season’s second big IT report arrived after market hours, with Wipro posting a 2.9% sequential rise in net profit to ₹3,310 crore, beating the estimate of ₹3,245 crore, on revenue of ₹22,870 crore that grew 0.8% from the previous quarter and 9.1% year-on-year. The IT services margin improved 30 basis points to 17.4%, and the company declared an interim dividend of ₹5 per share. The standout number was large deal bookings of $1.7 billion, up 28% year-on-year, with AI-led engagements making up a third of those wins.
Chief Executive Srini Pallia said clients are “cautiously resuming decision-making” after the geopolitical disruption, though the third-quarter revenue guidance of -0.5% to +1.5% in constant currency keeps expectations modest. The stock closed 1.2% higher at ₹238.50 ahead of the announcement and remains down 28% in 2026, so the bar it needed to clear was low. Following TCS’s beat last week, two clean reports from a sector priced for bad news give the IT trade a results season it can work with.
Jewellery Stocks: A Dhanteras Rally as the Gold Dip Meets Festive Demand
The festive trade found its clearest expression in jewellery, with Kalyan Jewellers surging 5.4% to ₹445, Senco Gold rising 4.7% and Titan gaining 2.9% to ₹3,406, its highest close since January, with Dhanteras two weeks away on 29 October. The setup is unusual, since gold has eased 2.8% from its record high to around ₹1,49,200 per 10 grams just as the buying season approaches, and the World Gold Council’s India head said the price dip arriving before the festival could drive a strong volume recovery after two weak quarters. Steadying prices on Thursday, up 0.4%, suggested the correction may already be finding a floor.
Ratings agency ICRA expects organised jewellery revenue to grow 14-16% year-on-year in the second half of the financial year, helped by festive and wedding demand. Among the stocks, analysts lean towards Kalyan for its store expansion pace and Titan for its improving mix of studded jewellery, which carries better margins than plain gold. After a fortnight when gold’s record run made headlines as a fear trade, the same metal is now being bought as a celebration, which rather neatly captures the week’s turn in mood.
Hyundai Motor India: A ₹7,000 Crore Bet on the Demand Recovery
Hyundai Motor India rose 3.8% to ₹2,118 after announcing a ₹7,000 crore investment to expand its Talegaon plant’s capacity to 2.5 lakh units annually by 2028, alongside plans to unveil a third India-focused electric vehicle at the Bharat Mobility Expo in January. The commitment reads as a statement of confidence, arriving one quarter after a supplier fire and export disruptions dented its results, with Red Sea shipping now normalising and the festive season approaching. Nomura responded by raising its target price to ₹2,400 from ₹2,250 while maintaining its Buy rating.
The capacity logic is straightforward, since the company has been running close to full utilisation and the expansion gives it room to grow both domestic sales and exports into the next decade. Coming a day after Tata Motors Passenger Vehicles reported record EV volumes, the announcement deepens the sense that India’s car makers are planning past the crisis rather than through it. For the auto sector that led October’s declines, two days of this kind of news is how narratives change.
Crude Oil: Brent at $93.58 as the Strait Reopens and the Premium Fades to $5
The oil market delivered its proof of concept on Thursday, with the first convoy of three large crude tankers and a Qatari LNG carrier transiting the Strait of Hormuz under escort at 7:40 am Gulf time without incident. December Brent futures fell 2.1% to $93.58 a barrel, the lowest since 22 September, while WTI declined 1.9% to $88.40 and domestic futures on the MCX eased 1.8% to ₹9,055. US Central Command described minesweeping in the main channel as “substantially complete”, the 22-tanker queue at Fujairah began moving with normal flow expected within a week, and Goldman Sachs now puts the remaining war-risk premium at around $5 a barrel.
The first day of talks in Muscat ended with both sides calling the discussions “constructive”, with negotiations resuming on Friday. ING’s strategists set the next marker, arguing that a sustained move below $90 requires the naval blockade to lift and a sanctions roadmap to emerge. The strait is open, which was this week’s question, and the talks must now answer next week’s.
Conclusion
Thursday turned the ceasefire from a promise into a working reality, with tankers sailing, Brent at a three-week low, the Nifty clearing 22,100 and foreign money buying for a third straight day. The market’s internal stories lined up behind the recovery, with Wipro extending IT’s results streak, jewellers rallying into a Dhanteras that suddenly looks well timed, and Hyundai committing ₹7,000 crore to a demand future it evidently believes in. Kotak’s two-closes test above 21,800 is now comfortably passed, and the next technical marker sits at the 8 October gap near 22,600. The risks have not vanished, since Muscat must still produce a blockade and sanctions roadmap and Eurasia Group’s collapse odds remain live, but for the first time this month the market closed a session with more answers than questions.
