- Summary
- The Sensex closed almost unchanged at 73,598.67 while the Nifty 50 ended 0.02% lower at 22,749.75 on Tuesday, 27 October 2026, as weakness in private banks and financial stocks offset gains elsewhere.
- The broader market did much better than the benchmarks, with the Nifty MidCap 100 up 1% and the Nifty SmallCap 100 up 2.70%, while Media, Realty and Pharma gained 2-3% each.
- Maruti Suzuki reported record sales but a 26.4% fall in profit as costs linked to the West Asia conflict hurt margins, Bajaj Auto’s profit rose 35.2% on a 41% jump in exports, and Redington fell 2.36% on reports of weak iPhone sales.
- Brent crude eased to $114.66 after Saudi Arabia, Pakistan and Turkey held talks with Iranian officials in Tehran, though Houthi attacks on Saudi oil facilities continued.
The Sensex slipped 8.08 points, or 0.01%, to close at 73,598.67, while the Nifty 50 ended 3.45 points, or 0.02%, lower at 22,749.75. On the surface it was a quiet day, but the headline numbers hide what happened in the rest of the market.
Smaller stocks had a strong session. The Nifty SmallCap 100 gained 2.70% and the Nifty MidCap 100 rose 1%, building on Monday’s recovery. The benchmarks stayed flat mainly because banks and financial companies, which carry a large weight in the Sensex and Nifty, declined. Over two sessions, smallcaps have now gained more than 4%, recovering a large part of Friday’s 2.94% fall.
Impact on the stock market
Sectoral gainers: Nifty Media, Nifty Realty and Nifty Pharma gained 2-3% each. Media and realty bounced back after being among the weaker sectors recently, and pharma extended its run as one of the steadiest sectors in a volatile market.
Sectoral losers: Nifty Private Bank and Nifty Financial Services were the biggest laggards. Because these stocks carry so much weight in the benchmark indices, their weakness was enough to keep the Sensex and Nifty flat on a day when most of the market rose.
| Sector/Index | Performance |
| IT & BPM sector | -0.26% |
| Healthcare sector | 1.65% |
| Oil & Gas sector | 0.14% |
| Real estate sector | 1.94% |
| PSU Bank in India | 0.41% |
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 % |
| TATA Cons. Prod | 1,000.00 | 6.78 |
| Bharti Airtel | 1,978.80 | 3.20 |
| Bajaj Auto | 10,390.00 | 3.17 |
| BSE Limited | 3,441.10 | 2.44 |
| Trent | 2,820.60 | 2.42 |
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 % |
| Asian Paints | 2,277.00 | -1.94 |
| Coal India | 398.00 | -1.73 |
| Grasim | 2,900.80 | -1.67 |
| SBI | 945.10 | -1.63 |
| TCS | 2,496.90 | -1.50 |
Market aftermath: Impact on stocks
Maruti Suzuki Q2: Record Sales but Profit Falls 26%
Maruti Suzuki sold a record 6,96,654 vehicles in the September quarter, up 26.5% year-on-year, and revenue rose 26% to ₹53,355.5 crore. Profit moved the other way. Consolidated net profit fell 26.4% to ₹2,466.1 crore, and operating profit dropped 17.1% to ₹2,803.7 crore from ₹3,382 crore. The company said higher commodity costs linked to the West Asia conflict hurt margins, and its other income fell because the value of its invested cash declined. Operating profit did improve 10.8% from the June quarter, which suggests the pressure may be easing.
Demand is very strong. SUV sales jumped 68.2% and small car sales rose 35.9%, lifting Maruti’s domestic market share by 2.2 percentage points to 40.8%. Demand is running ahead of production: dealer stock is down to about 17 days, and about 2 lakh vehicles were still waiting to be delivered at the end of September. Exports dipped slightly to 1,08,119 vehicles from 1,10,487. For April to September, sales rose 27.9% to 13,79,378 vehicles, but standalone profit fell to ₹5,767 crore from ₹7,060.9 crore. The shares rose 1.6% to ₹11,450 before the results were announced.
Bajaj Auto Q2: Exports Drive a 35% Profit Jump
Bajaj Auto reported standalone net profit of ₹3,353.8 crore, up 35.2% year-on-year, on revenue that rose 34.1% to ₹20,003.4 crore. Operating profit grew 37% to ₹4,172 crore, and the margin improved to 20.9% from 20.5%. Unlike Maruti, Bajaj kept its margin steady despite higher costs. Total vehicle sales rose 20% to 15,48,884 units.
Exports drove almost all of the growth. Overseas shipments rose 41% to 7,78,528 units, and two-wheeler exports alone jumped 43%. Domestic sales grew only 4% to 7,70,356 units, with domestic two-wheeler sales up just 2%. Bajaj now sells more vehicles abroad than in India. This is a strength, because its growth no longer depends on one market, but it also shows that demand for its motorcycles at home is growing slowly. The shares closed 2.58% higher at ₹10,331 before the results were announced.
Redington: Shares Fall 2.36% on Weak iPhone Demand
Redington, one of Apple’s authorised distributors in India, fell 2.36% to close at ₹358.10, down ₹8.65 from ₹366.75. The stock touched ₹370.75 early in the session before falling to a low of ₹356.70. The selling followed a Moneycontrol report that iPhone sales fell by up to 30% around Dussehra, with Diwali demand also expected to be weak.
Higher prices, fewer festive discounts and people keeping their phones for longer are all reducing demand. Retailers and analysts expect iPhone shipments in India to fall by double digits this year from a record 14.3 million units in 2025, with most of the decline in the second half. An analyst at research firm IDC said retailer feedback points to slower sales across the smartphone market this festive season. For a distributor like Redington, lower volumes during the most important selling period of the year directly reduce earnings.
Crude Oil: Brent Eases to $114 as Diplomacy Resumes
At 10.03 am, December Brent futures were at $114.66, down 0.98%, and WTI was at $100.75, down 0.99%. On the MCX, November crude traded at ₹9,604, down 1.22% from ₹9,723. The decline followed reports that Saudi Arabia, Pakistan and Turkey held talks with Iranian officials in Tehran on Monday, with Saudi Arabia calling for open channels of negotiation to prevent further military escalation.
The risks remain high. The Houthis said they attacked crude oil pumping stations on Saudi Arabia’s East-West pipeline and Riyadh airport on Monday, and President Trump’s comment that it is “decision time” on Iran is still weighing on markets ahead of the US mid-term elections. The head of the International Energy Agency, Fatih Birol, said he sees no realistic way for energy markets to return to pre-war conditions in 2027. For India, this suggests oil prices could stay high for a long time.
Conclusion
Tuesday’s flat close hid a busy session. The Sensex moved only 8 points, but smallcaps gained 2.70% and media, realty and pharma rose 2-3%, while banks and financial stocks held the benchmarks back. The results showed two different pictures for auto makers: Maruti has strong demand but lost profit to higher costs, while Bajaj Auto grew profit through exports even as its domestic sales barely increased. Redington showed that consumers are spending carefully this festive season. With Brent still above $110 and the US mid-term elections approaching, oil remains the biggest risk for the market. The broader market has recovered for two days in a row, which suggests investors are buying selectively rather than avoiding stocks altogether.
