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Core Development: Nifty Near 22,700, Midcaps & Smallcaps Up, IT Sinks | Closing Bell LIVE | Jio Platforms Debuts
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Market & Financial Impact: Closing Bell is live on Wednesday, October 28, as D-Street sees a fresh bout of selling after a morning recovery fizzled out. The Nifty is hovering around the 22,700 mark and the Sensex is down over 300 points, with the market under pressure on the first day of the new F&O series. The broader market is holding up better, with the Nifty Midcap index up close to 200 points and the smallcap index up more than 1%. IT stocks are the biggest drag, with the Nifty IT index down close to 2.5% and Infosys the top Nifty loser. Oil and gas stocks have fallen more than 2%, while FMCG is also seeing selling. Pharma is the bright spot, up about 1%, and L&T is doing well after its Q2 results. Nifty Bank has slipped below the 54,000 level as well. We track the key levels to watch into the close, along with stock-specific action and expert views. The day also marks the stock market debut of Jio Platforms, the country’s biggest IPO in history, and we bring you all the action as it settles after listing. Stay tuned for the full market wrap.
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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.
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Nifty Near 22,700, Midcaps & Smallcaps Up, IT Sinks | Closing Bell LIVE | Jio Platforms Debuts
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