Share Market Today: Nifty Reclaims 22,750; Sensex Surges 483 Points as Metal, Pharma and Energy Stocks Lead Market Recovery
Indian markets ended higher on Monday, with Nifty reclaiming 22,750 and Sensex surging 483 points as strong buying in Metal, Pharma and Energy stocks drove a broad-based recovery, while Financial Services and FMCG posted modest gains and Consumer Durables remained under pressure.
Indian Stock Market Today |Indian benchmark indices ended higher on Monday, 26 October 2026, snapping a four-session losing streak as strong buying in Metal, Pharma and Energy stocks supported a broad-based market recovery.
The Nifty 50 climbed 153.20 points to 22,753.20, while the Sensex surged 482.92 points to 73,606.75. Bank Nifty recorded a modest gain of 0.15%, reflecting relatively subdued performance in banking stocks.
Metal (+2.21%), Pharma (+1.76%) and Energy (+1.46%) emerged as the strongest sectors. IT (+0.87%) and Realty (+0.68%) also contributed to the market's recovery, while Consumer Durables (-0.21%) remained under pressure.
Dr Reddy's Laboratories, JSW Steel and BSE led the gains, while Shriram Finance, Tata Consumer Products and Bajaj Finance were among the major losers.
Despite elevated crude oil prices, geopolitical uncertainty and cautious global sentiment, buying interest in select heavyweight stocks helped Indian markets recover from early losses and close near their intraday highs.
At the Closing Bell:
- Nifty 50: 22,753.20, up 153.20 points (+0.68%)
- BSE Sensex: 73,606.75, up 482.92 points (+0.66%)
- Bank Nifty: 54,366.70, up 79.35 points (+0.15%)
Why Did the Indian Stock Market Rise Today?
Metal Sector Emerges as the Biggest Gainer
The Metal sector surged 2.21%, emerging as the strongest-performing sector of the session.
JSW Steel jumped 6.28% to ₹1,260.00, gaining ₹74.50 as strong buying interest returned to metal stocks.
The rally was supported by stock-specific earnings developments, including JSW Steel's strong quarterly profit growth, along with renewed buying in the broader metal sector.
The sharp recovery marked a turnaround from Friday's weakness, when Metal stocks had witnessed significant selling pressure.
Pharma Sector Witnesses Strong Buying
The Pharma sector advanced 1.76%, emerging as the second-best-performing sector in the supplied heatmap.
Dr Reddy's Laboratories surged 6.62% to ₹1,310.90, gaining ₹81.40 and becoming the leading gainer in the Nifty 50.
The stock rallied after its quarterly earnings exceeded market profit expectations, despite a year-on-year decline in reported profits.
Strength in pharmaceutical and healthcare stocks provided meaningful support to the broader market recovery.
Energy Sector Rebounds Sharply
The Energy sector gained 1.46%, recovering from the previous session's decline.
Buying in oil, gas and energy-related companies helped strengthen overall market sentiment.
Despite the sector's positive performance, elevated international crude oil prices remained a concern for inflation, operating costs and corporate profitability.
The recovery indicated renewed investor interest in select energy stocks, although geopolitical developments continued to influence sentiment.
IT Sector Shows Positive Momentum
The IT sector advanced 0.87%, reflecting buying interest in technology stocks.
The sector's positive performance supported the benchmark indices as investors returned to select technology and heavyweight companies following recent market weakness.
However, uncertainty surrounding global economic growth and the upcoming US Federal Reserve policy decision continued to keep investors cautious.
Realty Sector Records Moderate Gains
The Realty sector gained 0.68%, reflecting an improvement in sentiment toward interest-rate-sensitive businesses.
Buying interest returned to select real estate stocks as broader market conditions improved.
Nevertheless, elevated crude oil prices, inflation concerns and uncertainty around interest rates remained important factors for the sector.
Auto and FMCG Register Modest Gains
The Auto sector advanced 0.44%, supported by selective buying in automobile and auto-related stocks.
FMCG gained 0.28%, indicating a relatively modest recovery compared with cyclical sectors such as Metal and Energy.
Although both sectors closed in positive territory, their gains remained limited as investors continued to assess demand conditions and corporate earnings.
Financial Services Remains Subdued
Financial Services gained just 0.21%, while Bank Nifty advanced 0.15%, underperforming the broader market.
Shriram Finance declined 4.62% to ₹825.00, becoming the biggest loser in the supplied Nifty 50 snapshot.
The stock came under pressure following a reduction in the company's annual loan-growth forecast, highlighting concerns over growth expectations.
Bajaj Finance also declined 1.10% to ₹918.70, reflecting continued weakness in select financial stocks despite the overall market recovery.
Consumer Durables Ends in Negative Territory
Consumer Durables slipped 0.21%, emerging as the weakest sector in the supplied heatmap.
The sector failed to participate in the broader recovery, reflecting continued caution toward consumption-sensitive stocks.
Concerns over input costs, inflation and consumer demand expectations remained relevant factors for the sector.
Market Overview – Sector & Stock Action Summary
Indian equity markets staged a strong recovery on Monday, 26 October 2026, with Nifty advancing 0.68% to 22,753.20 and Sensex gaining 0.66% to 73,606.75. Bank Nifty rose marginally by 0.15%.
Buying interest was particularly visible in Metal (+2.21%), Pharma (+1.76%) and Energy (+1.46%), while IT (+0.87%) and Realty (+0.68%) also contributed to the recovery.
Consumer Durables (-0.21%) was the only sector in the supplied heatmap to finish negative, while Financial Services (+0.21%) and FMCG (+0.28%) recorded comparatively smaller gains.
Broader markets outperformed the benchmark indices, with the Nifty Midcap index gaining approximately 1.2% and the Nifty Smallcap index advancing around 1.4%.
At the stock level, Dr Reddy's Laboratories, JSW Steel and BSE emerged as the leading gainers, while Shriram Finance, Tata Consumer Products and Bajaj Finance recorded the steepest declines among the stocks shown.
Overall, Monday's session reflected renewed buying interest following four consecutive sessions of losses. A recovery in Metal, Pharma and Energy stocks helped lift the benchmark indices, although elevated crude oil prices and global economic uncertainty continued to warrant caution.
Key Sector Performance Snapshot
• Metal (+2.21%): Emerged as the strongest-performing sector, supported by robust buying interest in metal stocks.
• Pharma (+1.76%): Recorded strong gains, driven by positive momentum in pharmaceutical stocks.
• Energy (+1.46%): Witnessed a healthy recovery as buying interest returned to energy-related stocks.
• IT (+0.87%): Advanced amid selective buying in technology stocks, supporting the broader market recovery.
• Realty (+0.68%): Registered moderate gains as investor sentiment improved toward real estate stocks.
• Auto (+0.44%): Ended higher, supported by selective buying in automobile companies.
• FMCG (+0.28%): Recorded marginal gains, indicating a cautious recovery in consumption-oriented stocks.
• Financial Services (+0.21%): Posted limited gains as weakness in select financial stocks restricted the sector's performance.
• Consumer Durables (-0.21%): Emerged as the only declining sector in the supplied heatmap, reflecting continued selling pressure.
Overall, Metal and Pharma led the market recovery on 26 October 2026, while Consumer Durables remained the only sector to close in negative territory.
Top Gainers
• DRREDDY: +6.62% → Dr Reddy's Laboratories emerged as the leading gainer, rising ₹81.40 to ₹1,310.90. The stock witnessed strong buying following its quarterly earnings announcement, which exceeded profit expectations despite a decline in year-on-year earnings.
• JSWSTEEL: +6.28% → JSW Steel surged ₹74.50 to ₹1,260.00, supported by strong quarterly profit growth and renewed buying interest in metal stocks. The rally contributed significantly to the Metal sector's outperformance.
• BSE: +3.97% → BSE advanced ₹128.20 to ₹3,359.00, supported by positive investor sentiment following a brokerage upgrade. The stock outperformed the broader market, reflecting strong buying momentum.
Top Losers
• SHRIRAMFIN: -4.62% → Shriram Finance emerged as the biggest loser, declining ₹40.00 to ₹825.00. The stock faced selling pressure following a reduction in its annual loan-growth forecast.
• TATACONSUM: -2.84% → Tata Consumer Products declined ₹27.40 to ₹936.50, reflecting weakness in select consumer-oriented stocks despite the broader market recovery.
• BAJFINANCE: -1.10% → Bajaj Finance slipped ₹10.25 to ₹918.70, underperforming the broader indices as financial services stocks witnessed mixed investor interest.
Technical Analysis: Nifty & Bank Nifty Levels
NIFTY 50: Opened 76 points lower at 22,524 reached a high of 22,753 and closed at 22,753.
- Immediate Support: 22,600
- Immediate Resistance: 22,900
BANK NIFTY: Opened 37 points lower at 54,250, reached a high of 54,392 and closed at 54,366.
- Immediate Support: 54,100
- Immediate Resistance: 54,500
World Markets, Crude & Gold Prices – 26 October 2026
Global Equities
Global equity markets traded mixed to positive on Monday, 26 October 2026, as easing crude oil prices provided some relief from inflation concerns, while geopolitical tensions, technology-sector valuations and upcoming central bank decisions kept investors cautious.
Asian markets displayed mixed trends. Japan's Nikkei declined approximately 0.8%, while South Korea's Kospi fell around 1.5%, reflecting continued pressure on technology and semiconductor stocks. However, markets in Hong Kong, mainland China and Australia recovered from early losses as selective buying helped stabilise sentiment.
European equities traded higher, supported by easing energy prices and improved investor confidence. Germany's DAX advanced approximately 0.7%, France's CAC 40 gained 0.9%, while the UK's FTSE 100 rose around 0.5%. The recovery came despite persistent concerns over inflation, economic growth and geopolitical uncertainty.
In the U.S., Wall Street ended lower on Friday, 23 October. The Dow Jones declined 1.23%, while the S&P 500 slipped 0.52% and the Nasdaq Composite fell 0.21%. Rising crude oil prices, elevated Treasury yields and concerns over corporate valuations weighed on investor sentiment. However, U.S. stock futures showed signs of recovery on Monday as investors assessed upcoming corporate earnings and monetary policy developments.
Market participants remained focused on:
• Federal Reserve interest-rate decisions and inflation trends
• Upcoming earnings from major U.S. technology companies
• Artificial intelligence valuations and technology-sector volatility
• Middle East tensions and global energy supply disruptions
• Crude oil price movements and their impact on inflation
• Treasury yields, U.S. dollar movements and global economic growth
Overall, global market sentiment showed signs of improvement as declining crude oil prices supported European equities and helped stabilise Asian markets. However, uncertainty surrounding the Federal Reserve's upcoming policy decision, geopolitical developments and corporate earnings continued to influence investor confidence.
Crude Oil
BRENT CRUDE (USD/BBL)
Latest supplied market snapshot – 26 October 2026
$115.241
−$2.104 (−1.79%)
Brent crude traded around $115.24 per barrel, declining 1.79% in the latest supplied market snapshot.
Oil prices retreated on Monday following the previous week's sharp rally, as investors reassessed geopolitical risks and booked profits after crude reached multi-month highs.
The decline provided some relief to global financial markets by reducing immediate inflation concerns. However, ongoing Middle East tensions and uncertainty surrounding energy supplies continued to limit the scope for a sustained correction.
Brent had surged during the previous week amid concerns about disruptions to oil production and shipping routes in the Gulf region. Monday's decline reflected an easing of immediate buying pressure rather than a complete reduction in underlying supply risks.
For India, elevated crude oil prices remain a significant concern despite the latest decline. As a major crude oil importer, India remains vulnerable to higher import bills, inflationary pressures and potential weakness in the rupee.
Aviation, transportation, paints, chemicals and other fuel-intensive industries remain particularly sensitive to changes in crude oil prices.
Oil prices will continue to track:
• Middle East tensions and Strait of Hormuz shipping risks
• Potential disruptions to Gulf energy production and exports
• OPEC+ production decisions and global supply conditions
• U.S. crude inventories and international oil demand
• Federal Reserve monetary policy and inflation expectations
• Global economic growth and energy consumption trends
Overall, Brent crude declined 1.79% to approximately $115.24 per barrel in the supplied snapshot, reflecting profit booking and easing immediate inflation concerns. However, ongoing geopolitical uncertainty and supply risks suggest that oil prices could remain volatile in the coming sessions.
Gold Prices
GOLD SPOT – XAU/USD (USD/OZ)
Latest supplied market snapshot – 26 October 2026
$4,011.05
+$14.76 (+0.37%)
Gold traded around $4,011.05 per ounce, gaining 0.37% in the latest supplied market snapshot.
Gold prices recovered on Monday, moving back above the psychologically important $4,000 level as declining crude oil prices helped ease inflation concerns ahead of the U.S. Federal Reserve's upcoming monetary policy meeting.
The recovery followed significant selling pressure during the previous week, when gold touched multi-month lows amid expectations that persistent inflation could keep U.S. interest rates elevated.
Lower energy prices provided some support to precious metals by moderating immediate inflation expectations. Additionally, geopolitical uncertainty and cautious global investor sentiment continued to sustain interest in gold as a safe-haven asset.
However, the upside remained limited by uncertainty surrounding Federal Reserve policy, Treasury yields and the U.S. dollar.
Higher interest rates generally weigh on gold by increasing the opportunity cost of holding a non-yielding asset. Consequently, investors remained focused on upcoming economic indicators and central bank commentary for clues about the direction of monetary policy.
Gold prices will continue to track:
• Federal Reserve interest-rate decisions and policy outlook
• U.S. inflation, employment and economic indicators
• Treasury yields and U.S. dollar movements
• Middle East tensions and safe-haven demand
• Crude oil prices and global inflation expectations
• Central bank gold purchases and ETF investment flows
Overall, gold gained 0.37% to approximately $4,011.05 per ounce, recovering above the $4,000 level as easing crude oil prices supported sentiment. However, the upcoming Federal Reserve meeting and persistent geopolitical uncertainty could continue to influence gold price movements in the near term.
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