Sensex & Nifty 50 | Stock Market Live Updates Today: Sensex, Nifty Fall Nearly 1%; FMCG and Auto Lead Losses

Chennai Petroleum Corporation Ltd. reported a 212% year-on-year increase in consolidated net profit to ₹2,247 crore, compared with ₹719 crore in Q2 FY26. Consolidated revenue from operations rose 10% to ₹22,055 crore from ₹20,034 crore, while profit before tax increased to ₹3,007 crore from ₹982 crore. For the first half of FY27, consolidated net profit reached ₹3,278 crore, compared with ₹679 crore in the corresponding period last year.

European markets traded broadly lower, with Spain’s IBEX 35 falling 1.62% to 19,011.30, Germany’s DAX declining 1.13% to 25,354.74, and France’s CAC 40 dropping 1.21% to 7,825.71. The UK’s FTSE 100 slipped 0.70% to 10,677.75, while the Netherlands’ AEX fell 1.08% to 1,129.98. Belgium’s BEL 20 was the only major index in the table to advance, rising 0.39% to 5,647.76.

Jammu & Kashmir Bank reported a 10.6% year-on-year rise in net profit to ₹546 crore in Q2 FY27, compared with ₹494 crore a year ago. Net interest income increased 5% to ₹1,502 crore, while gross advances grew 23.7% to ₹1.34 lakh crore. The bank’s gross NPA ratio improved to 2.23% from 3.32% in the year-ago quarter.

Bansal Wire Industries reported a 39.5% year-on-year increase in net profit to ₹53 crore, compared with ₹38.3 crore in the year-ago quarter. Revenue rose 24% to ₹1,308 crore from ₹1,055 crore, while EBITDA increased 36.3% to ₹105 crore against ₹77 crore. EBITDA margin improved to 8% from 7.3% in the corresponding quarter last year. Meanwhile, Bansal Wire shares were trading at ₹60.40, down 1.23% during the session.

China’s CSI 300 index fell more than 1% on Thursday, extending its losing streak to 10 consecutive weeks and entering bear-market territory after declining 20% from its June peak. Weak industrial profit growth, excess capacity, property-sector stress and subdued consumer demand have weighed on investor sentiment. However, some strategists see potential for a recovery in 2027, supported by resilient exports, improving property prices and China’s artificial intelligence capabilities.

India’s 10-year government bond yield stood at 7.456%, rising 0.03% on the day and 0.40% over the month. The yield has increased 0.89% over the year, reflecting an upward trend in government borrowing costs. The Q4 forecast stands at 7.3234%, below the current yield level.

Fusion CX Ltd. shares debuted at ₹305 on the NSE, up 5.5% over the IPO price of ₹289, while the stock listed at ₹292 on the BSE, a 1% premium. The ₹702 crore IPO received 4.45 times subscription. The company plans to use ₹275 crore from fresh issue proceeds to repay debt, invest in subsidiaries and fund acquisitions and other corporate purposes.

Indian Hotels Company Ltd. (IHCL) shares rose 5% after the hospitality group raised its FY2027 consolidated revenue growth guidance to 15–17% from 12–14%, following a strong Q2 performance. Consolidated revenue increased 21% year-on-year to ₹2,566 crore, while EBITDA rose 21% to ₹788 crore and profit after tax climbed 23% to ₹349 crore. IHCL’s portfolio expanded to 670 hotels, including 280 properties in the pipeline, strengthening its growth outlook.

Balkrishna Industries signed agreements with Pirelli for a proposed 50:50 joint venture to manufacture passenger car tyres in India. BKT will also produce Pirelli-branded tyres at its Bhuj plant, supporting its expansion into the passenger car tyre segment.

India’s exporters, particularly MSMEs, are being encouraged to leverage the India–New Zealand free trade agreement, implemented on October 20, to expand exports. The pact provides duty-free access across New Zealand’s tariff lines, covering sectors such as engineering goods, textiles, leather, chemicals, electronics and processed foods. CII also highlighted New Zealand’s potential as a gateway to wider Oceania and Pacific Island markets.

India has significant scope to expand processed food exports to the UK following the India-UK trade agreement, which removes tariffs on processed foods, shrimp and instant coffee. India currently accounts for just 0.6% of the UK’s USD 50.68 billion annual processed food imports, highlighting substantial growth potential for Indian exporters.

The Nifty Bank index recovered over 518 points, or 0.95%, from its intraday low to reach 54,977.65 before stabilising near 55,007.40, up 0.06% on October 22, as banking stocks staged a recovery from early losses.

CreditAccess Grameen shares plunged 6.34% to ₹1,079.40, falling ₹72.40 during early trade on October 22. The stock emerged as one of the biggest losers in the Nifty 500 index amid selling pressure.

Asian markets traded largely lower on Thursday, October 22, with Japan’s Nikkei 225 declining 2.06%, South Korea’s Kospi falling 3.17%, and Taiwan’s index slipping 1.31%. China’s Shenzhen Composite dropped 1.78%, while India’s Nifty 50 declined 0.81% to 22,626.30. Malaysia and SETI were among the few indices trading higher.

eMudhra shares plunged 12.27% to ₹379 after MeitY formed a special team to investigate the compromise of private keys linked to its digital certificates. CERT-In warned that the vulnerability could enable fraudulent website certificates and man-in-the-middle attacks. The company has initiated containment measures and is reviewing its security controls.

Swiggy shares dropped 5% to ₹213.45 during the opening hour of trade on October 22, declining ₹9.80 per share as investors remained cautious ahead of the company’s Q2 earnings announcement.

Persistent Systems has opened a qualified institutional placement (QIP) to raise up to ₹4,265 crore, equivalent to USD 450 million. The company has set the floor price at ₹5,550 per share, with the possibility of offering a discount of up to 5%, subject to approvals. 

Bharat Electronics Limited (BEL) announced additional orders worth ₹1,011 crore on October 21, 2026, since its previous disclosure on October 13. The orders include Improved Low Level Lightweight Radar, communication equipment, sonar systems, jammers, upgrades, spares and services, strengthening the defence PSU’s order book.

Marathon Nextgen Realty reported a 32.1% YoY decline in consolidated net profit to ₹45.19 crore in Q2 FY27, compared with ₹66.54 crore last year. Revenue from operations grew 10.4% to ₹128.95 crore, while profit fell 13.8% sequentially from ₹52.43 crore. Other income declined sharply to ₹15.74 crore from ₹38.21 crore YoY, weighing on profitability.

Indosolar, a subsidiary of Waaree Energies, reported an 89.17% YoY decline in net profit to ₹5.02 crore in Q2 FY27, compared with ₹46.34 crore last year. Revenue fell 23.19% to ₹155.59 crore, while operating EBITDA plunged 79.05% to ₹14.82 crore. EBITDA margin contracted to 9.52% from 34.92%, amid elevated raw material costs, lower capacity utilisation and a transition towards owned manufacturing.

PC Jeweller reported a 107% YoY rise in consolidated operating net profit to ₹299 crore in Q2 FY27, while revenue increased 28% to ₹1,054 crore. Operating EBITDA surged 74% to ₹310 crore. The company also achieved debt-free status after clearing dues to 14 consortium banks and announced plans to open up to 100 large-format showrooms over the next 12–18 months.

Mahindra & Mahindra Financial Services reported a 55% YoY rise in standalone net profit to ₹882 crore in Q2 FY27, compared with ₹569 crore last year. Disbursements grew 22% to ₹16,499 crore, while assets under management (AUM) increased 15% to ₹1,46,512 crore. Gross Stage 3 assets improved to 3.42% from 3.94% YoY, reflecting better asset quality.

KEI Industries reported a 28.96% YoY rise in consolidated net profit to ₹262.45 crore in Q2 FY27, while revenue surged 38.52% to ₹3,776.42 crore. EBITDA grew 28.69% to ₹401.05 crore, but EBITDA margin narrowed to 10.62% from 11.43% YoY, while gross margin contracted by 152 basis points. The company’s pending order book stood at approximately ₹5,185 crore.