Elevated crude oil prices remained a key concern for equity investors, particularly given their potential implications for inflation, corporate input costs and India's import bill. Market participants will closely monitor global developments, foreign institutional investor (FII) flows, key US inflation data and upcoming corporate earnings announcements for further cues on market direction.

PSU Bank shares rebounded after advancing in the past trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 21.39 points or 0.04% to 73,003.36. The Nifty 50 index shed 16.60 points or 0.07% to 22,705.35.

In the broader market , the Nifty Midcap 150 Index rose 0.06% and the BSE Smallcap 250 Index added 0.26%.

The market breadth was strong. On the BSE, 2,202 shares rose and 1,120 shares fell. A total of 92 shares were unchanged.

Brent crude futures climbed 52 cents or 0.52% to $106.21 a barrel amid concerns over supply disruptions following renewed fighting between Saudi Arabia and Yemen's Houthi rebels.

Initial Public Offer (IPO)

HD Fire Product received bids for 14,12,07,055 shares as against 1,84,20,492 shares on offer, according to stock exchange data at 11:15 IST on 14 October 2026. The issue was subscribed 7.67 times.

The issue opened for bidding on 13 October 2026 and will close on 15 October 2026. The price band of the IPO is fixed between Rs 258 and 271 per share. An investor can bid for a minimum of 55 equity shares and multiples thereof.

Fushion CX received bids for 13,40,331 shares as against 1,84,20,492 shares on offer, according to stock exchange data at 11:15 IST on 14 October 2026. The issue was subscribed 0.10 times.

The issue opened for bidding on 14 October 2026 and will close on 16 October 2026. The price band of the IPO is fixed between Rs 275 and 289 per share. An investor can bid for a minimum of 51 equity shares and multiples thereof.

Buzzing Index:

The Nifty PSU Index dropped 0.73% to 8,087. The index jumped 1.44% in the past trading session.

Bank of Baroda (down 2.86%), Bank of Maharashtra (down 1.35%), State Bank of India (down 1.07%), Indian Bank (down 0.77%), Union Bank of India (down 0.57%), Punjab National Bank (down 0.51%), Bank of India (down 0.4%) declined.

Stocks in Spotlight:

ICICI Prudential Life Insurance rose 2.58% after the company reported a 25% year-on-year increase in new business premium to Rs 11,821 crore in H1 FY27. The company’s profit after tax increased 26.5% YoY to Rs 760 crore in H1 FY27. Value of New Business (VNB) rose 22.3% to Rs 1,283 crore, with a VNB margin of 26%.