NSE, Sensex Today: Stock Market Latest News; Infosys, TCS, HCLTech Fall, L&T, Bajaj Auto Gain
On October 28, 2026, Indian stock indices BSE Sensex and Nifty 50 fell due to weakness in IT stocks, higher crude oil prices, and caution ahead of the US Federal Reserve's policy announcement. Infosys, TCS, and HCLTech led IT stock losses, while L&T and Bajaj Auto gained. Jio Platforms debuted on the stock exchange at ₹1,358, a 21.36% premium over its IPO price. Crude oil prices rose to $115.40 per barrel, raising concerns about inflation and import costs.
How this was made
The 30-second read
Why it matters
The fresh IPO listing and capital raise provide a positive catalyst for Reliance, while the IT sector weakness drags down major Indian IT ADRs.
Market read
The article provides actionable insight on Indian IT stocks and the Jio IPO, relevant for traders with exposure to Indian ADRs and emerging‑market tech exposure.
What to watch
Potential macro tailwinds from a weaker rupee and foreign inflows into the Jio IPO.
Background
The article is a market wrap for October 28, 2026, covering index moves, sector performance, and the debut of Jio Platforms on Indian exchanges.
Ticker impact
Infosys shares fell 4.4% in early trade as IT sector weakness weighed on the stock.
likely downside as market prices in weaker earnings outlook for Indian IT.
The article reports a fresh 4.4% drop, indicating immediate sell pressure.
Market effects
Indian IT sector faces short‑term weakness; telecom/tech IPO activity remains strong.
Nifty 50 and Sensex under pressure, driven by IT sell‑off and higher oil prices.
Limited; primarily affects Indian equities and investors with exposure to Indian ADRs.
Counterpoint
The IT sell‑off may be overdone; earnings guidance could still be strong.
Key entities
- CompanyInfosys Ltd.
Indian IT services firm, ADR ticker INFY.
- CompanyTata Consultancy Services
Indian IT services firm, ADR ticker TCS.
- CompanyReliance Industries Ltd.
Parent of Jio Platforms, ADR ticker RELI.
