Metal, pharma and oil & gas shares advanced while media and consumer durables shares declined.

As per provisional closing data, the S&P BSE Sensex advanced 482.92 points or 0.66% to 73,606.75. The Nifty 50 index rose 153.20 points or 0.68% to 22,753.20. In the past four consecutive trading sessions, the Sensex and Nifty declined 3.49% and 2.36%, respectively.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 1.07% and the Nifty SmallCap 250 Index jumped 1.13%.

The market breadth was positive. On the NSE, 2,063 shares rose and 1,525 shares fell. A total of 93 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 1.73% to 17.15.

Brent crude eased to around $115.17 a barrel on Monday after approaching a six-month high last week. Prices retreated amid hopes of diplomatic efforts involving Qatar, Iran and the United States to ease regional tensions. However, continued attacks in the region kept supply risks elevated.

Initial Public Offer (IPO) :

EAAA India Alternatives received bids for 5,46,858 shares as against 52,99,684 shares on offer, according to stock exchange data at 15:30 IST on 26 October 2026. The issue was subscribed 0.10 times.

The issue opened for bidding on 26 October 2026 and will close on 28 October 2026. The price band of the IPO is fixed between Rs 1,585 and 1,665 per share. An investor can bid for a minimum of 9 equity shares and multiples thereof.

Buzzing index:

The Nifty Metal index advanced 2.21% to 11,731.55. The index declined 5.40% in the past four trading sessions.

JSW Steel (up 4.85%), Steel Authority of India (up 3.44%), National Aluminium Company (up 2.97%), Hindalco Industries (up 2.17%), Hindustan Copper (up 1.97%), Jindal Steel (up 1.88%), Vedanta Aluminium Metal (up 1.74%), APL Apollo Tubes (up 1.48%), Adani Enterprises (up 1.25%) and Tata Steel (up 0.79%) surged.

Stocks in Spotlight:

Kotak Mahindra Bank rose 2.38% after the private sector lender reported a 29% year-on-year increase in standalone net profit to Rs 4,212 crore in Q2 FY27. Net profit grew 2% sequentially from Rs 4,123 crore in Q1 FY27. Net interest income (NII) increased 16% year-on-year and 7% quarter-on-quarter to Rs 8,459 crore. Net interest margin (NIM), however, moderated to 4.31% from 4.54% a year ago and 4.53% in the previous quarter. The bank attributed the moderation largely to the mobilisation of foreign currency non-resident bank (FCNR(B)) deposits during the quarter.

Infosys jumped 1.06%. The company lowered its constant currency (CC) revenue growth guidance for FY27 to 1%-2%. The IT major reported a 0.7% rise in consolidated net profit to Rs 7,823 crore in Q2 FY27 compared with Rs 7,249 crore in Q1 FY27. Revenue from operations increased 2.14% QoQ to Rs 40,719 crore in Q2 FY27.

On a year-on-year (YoY) basis, the IT major's consolidated net profit rose 6.23%, while revenue from operations climbed 10.69% in Q2 FY27.

Tata Chemicals jumped 3.43% on Monday after the company disclosed a court order concerning a dispute over the operations of its Kenyan subsidiary, Tata Chemicals Magadi Limited (TCML).

Global Markets:

Dow futures rose 266 points, signalling a higher opening for US stocks.

European shares advanced on Monday despite geopolitical tensions in the Middle East.

In the UK, retail sales volumes fell 0.4% in September, exceeding expectations for a 0.1% decline. Warmer weather weighed on online clothing sales, while supermarket volumes also fell. Retail sales volumes rose 0.7% over the three months to September, and fuel sales volumes increased 2.2% in September.

UK consumer confidence recorded its sharpest monthly decline since April 2020, raising concerns about household spending ahead of the government's upcoming budget. The GfK Consumer Confidence Index fell 11 points to -24 in October from -13 in September.

Most Asian equity indices ended lower as investors assessed elevated oil prices, geopolitical risks and a busy week of central bank decisions and corporate earnings.

The cautious mood followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment. Investors are also preparing for quarterly results from major US technology companies, including Alphabet, Microsoft and Amazon, which could provide fresh insights into AI-related spending and returns.

The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16 on Friday. The S&P 500 declined 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite shed 53.52 points, or 0.21%, to 25,955.34.

Telecommunications stocks came under pressure after reports that SpaceX was exploring plans to launch a fourth US wireless carrier. AT&T and T-Mobile fell nearly 8% each amid concerns over increased competition. Energy stocks gained as Middle East tensions pushed oil prices higher.

Among individual stocks, Schlumberger gained about 7% following its quarterly results. American Express fell around 3.7% despite reporting higher quarterly profits and raising its full-year earnings forecast. The company also announced plans to cut 5% of its workforce, while revenue missed market expectations.

On the economic front, the University of Michigan's final consumer sentiment index for October came in at 48.0, compared with 48.1 in September. The reading exceeded market expectations, but sentiment remained near historically low levels. One-year inflation expectations rose to 4.7% from 4.6%, while five-year expectations increased to 3.5% from 3.4%. Persistent inflation concerns could complicate the Federal Reserve's policy outlook.