Indian equity benchmarks closed mildly in the red on Wednesday, 28 October 2026, as profit-booking in heavyweight financial stocks snapped recent gains. The BSE Sensex slipped 352.64 points or -0.48% to settle at 73,246.03, while the broad-based NSE Nifty 50 declined by 50.90 points or -0.22% to finish at 22,698.85.
Sectorally, private banking and IT stocks led the downturn, with laggards including HDFC Bank, ICICI Bank, and Infosys dragging the indices lower. Conversely, the Auto, Metals, and FMCG sectors showed notable resilience, aiding the broader market in cushioning deeper losses. Top gainers for the day included Tata Motors, JSW Steel, and Mahindra & Mahindra.
Macroeconomic triggers remained mostly range-bound. Brent crude oil traded stably near $78 per barrel, easing immediate inflationary pressures. The Indian Rupee held firm near 83.45 against the US Dollar. On the institutional front, modest Foreign Institutional Investor (FII) selling was effectively absorbed by persistent Domestic Institutional Investor (DII) inflows, reflecting strong domestic liquidity support.