Stock Market Today Live: Sensex, Nifty slip; Sensex down 166 points, Nifty below 23,000

ATHER ENERGY: IRDAI APPROVES UNIT ATHER INSURANCE AS COMPOSITE CORPORATE AGENT; Shares flat at Rs 1464.60 on the NSE.

Crude oil futures fall as IEA agrees to complete remaining oil releases

Crude oil futures fall as IEA agrees to complete remaining oil releases

Oil futures slip as IEA moves to complete remaining releases, with Brent above $100 but WTI lower amid supply concerns and US inventory data.

Nifty Capital Markets stock outlook today: 

Major Gainers: Groww (+0.78%), ICICI AMC (+0.63%) 

Major losers: NAM-India (-3.17%), Angel One (-2.48%), BSE (-2.22%), MCX (-2.13%)

Energy in Motion Limited Opens Electric Heavy-Duty Commercial Vehicle Complex at Talegaon, Pune

SBI Awards Rs 198 Crore Contract to VASCON in Pune Project

VASCON ENGINEERS LIMITED RECEIVES LETTER OF ACCEPTANCE FROM STATE BANK OF INDIA FOR CONSTRUCTION OF SBILD, RESIDENTIAL FLATS AND OTHER COMMERCIAL OUTFITS AT HINJEWADI, PUNE, MAHARASHTRA AMOUNTING TO RS. 198 CRORE

Shares zoomed nearly 8% to Rs 32.45 on the NSE

Wipro IT Services, LLC has signed a definitive agreement to acquire 20% shareholding in FLARRE.AI, Inc

Northern Railway Moradabad orders Rs 29.13 crore from Provigil Surveillance Ltd.

Magellanic Cloud Limited’s Wholly Owned Subsidiary Provigil Surveillance Limited, Receives Purchase Order for an order worth Rs 29.13 Crore from Northern Railway Moradabad Division

Shares surged over 5% to Rs 24.89 on the NSE.

Axis Bank announced the appointment of Mr Ananth Narayan G. as Independent Director of the company w.e.f. October 19, 2026.

Crude oil futures trade lower on Friday

Crude oil futures traded lower on Friday after the International Energy Agency (IEA) agreed to take all necessary steps to complete the remaining release of around 100 million barrels of oil. At 9.34 am on Friday, December Brent oil futures were at $105.22, down by 0.66 per cent, and November crude oil futures on WTI (West Texas Intermediate) were at $97.21, down by 0.78 per cent. October crude oil futures were trading at ₹9198 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹9285, down by 0.94 per cent, and November futures were trading at ₹9096 against the previous close of ₹9177, down by 0.88 per cent.

Fresh debt sale set to rattle Indian bonds as rate-hike jitters persist

Fresh debt sale set to rattle Indian bonds as rate-hike jitters persist

Fresh debt sale fears and rate-hike jitters push Indian bond yields higher ahead of weekly auction and RBI policy concerns.

Reliance says it welcomes satellite competition, including Musk’s Starlink

Reliance says it welcomes satellite competition, including Musk’s Starlink

Reliance welcomes satellite broadband competition, including Starlink, amid Musk-Ambani critiques and calls for Indian market access.

Top gainers and losers of Nifty 50

Top gainers: Tech Mahindra (+3.94%), TCS (+2.81%), Infosys (+2.44%), Bharti Airtel (+1.09%), HCL Tech (+0.71%)

Top losers: HDFC Life (-2.43%), Jio Financial (-1.87%), Reliance (-1.16%), Bajaj Auto (-1.01%)

Stock Split

Bansal Wire Industries: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 16-Oct-26

Jattashankar Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 19-Oct-26

JSW Dulux: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Oct-26

Azad India Mobility: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 23-Oct-26

Midaas Fashions: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 26-Oct-26

Meenakshi India: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 30-Oct-26

Galaxy Agrico Exports: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 30-Oct-26

Market updates:

Buyback

Shardul Securities: Open: 14-Oct-26; Close: 21-Oct-26

Transport Corporation of India: Open: 15-Oct-26; Close: 22-Oct-26

Bonus Issue

Titan Biotech: Bonus Issue 1:4; Ex-Date: 23-Oct-26

Right Issue

Natco Pharma: Open: 12-Oct-26; Close: 22-Oct-26

Tuni Textile Mills: Open: 28-Sep-26; Close: 26-Oct-26

Ola Electric Mobility: Open: 22-Oct-26; Close: 30-Oct-26

Consolidation of Shares

Noble Polymers: Ex-Date: 16-Oct-26

Open Offer

Premier Explosives: Open: 12-Oct-26; Close: 26-Oct-26

IPO

Fusion CX: Open: 14-Oct-26; Close: 16-Oct-26

Zetwerk Manufacturing Business: Open: 15-Oct-26; Close: 19-Oct-26

Sahajanand Medical Technologies: Open: 15-Oct-26; Close: 19-Oct-26

Tonbo Imaging India: Open: 15-Oct-26; Close: 19-Oct-26

Bonfiglioli Transmissions: Open: 15-Oct-26; Close: 19-Oct-26

Jio Platforms: Open: 21-Oct-26; Close: 23-Oct-26

Paras Healthcare: Open: 21-Oct-26; Close: 23-Oct-26

Dividend

16-Oct-26

HCLTECH: Interim Dividend – Rs. – 12.00

CRAMC: Interim Dividend – Rs. – 2.00

HINDCOMPOS: Special Dividend – Rs. – 21.00

21-Oct-26

ICICIAMC: Interim Dividend – Rs. – 30.00

MRPL: Interim Dividend – Rs. – 3.00

ELECON: Interim Dividend – Rs. – 0.50

Tech Mahindra has approved issue of Bonus Shares in the ratio of 1:1 i.e., 1 new bonus equity shares for every 1 existing equity share held, subject to necessary approvals.

Market commentary by Avinash Shekhar, Co-Founder & CEO, Pi42

“Bitcoin is demonstrating an important degree of resilience. Despite US producer inflation surging to 6.3% year-on-year and expectations of a December rate hike rising, buyers stepped in when BTC briefly fell below $80,000, pushing it back above $82,000. This tells us the market is not simply reacting to macroeconomic pressure, it is actively testing how much selling demand can be absorbed before the next directional move.

The more significant signal is coming from on-chain data. On-chain data is offering a constructive signal, with the number of wallets holding between 10 and 10,000 BTC reaching a record high. While wallet numbers alone do not confirm net buying, the trend points to sustained participation from larger holders and suggests that some investors continue to see opportunities despite the recent correction. At the same time, Bitcoin’s open interest has declined more than 14% since its last move near $87,000, indicating that speculative positions have been substantially reduced. This combination of continued accumulation and lower derivatives exposure could create a healthier foundation for the next advance, provided demand persists.

The $81,000 to $82,000 zone is now critical. Holding this range while reclaiming higher resistance could restore bullish momentum, with implications for the wider crypto market. The key takeaway is that inflation may dictate short-term volatility, but sustained accumulation and price resilience will help determine Bitcoin’s next major move.” 

WIPRO: CO. TO ACQUIRE 20% STAKE IN TO STRENGTHEN AI CAPABILITIES IN GLOBAL INSURANCE SECTOR

Sensex inched up 16.65 pts or 0.02% to 74,332.26 at 9.16 am after opening at 74,341.08 from 74,315.61 previous close. Nifty 50 was up 67.75 pts or 0.29% to 23,065.10.

Tata Trusts question Mehli Mistry’s locus standi for raising objections

Tata Trusts question Mehli Mistry’s locus standi for raising objections

Two Tata Trusts contest Mehli Mistry’s locus standi to raise governance concerns, filing affidavits on eligibility, jurisdiction, and trustee substitutions.

CUES FOR TODAY

– Solid day of gains yesterday, Nifty nears 23000 led by Reliance, IT and Banks

– Gift Nifty +105 Pts at open 

– Brent continues to hold around $105, US 10Y yields cool towards 5% 

– Asia rebounding after Thursday’s chip rout; Wall St mixed-to-higher

– FIIs sell 5285 Cr in Cash yesterday, Buy 2551 Cr in Index Futures

WALL ST OVERNIGHT

Dow +1.08%

S&P +0.33% (snapped 3-day losing streak)

Nasdaq +0.08% (recovered from -1.8% intraday)

Asian Indices

– Nikkei +1.7%

– Kospi +3.1% 

– Hang Seng +1% 

Cash Market Flows India:

– DII +3,319 Cr

– FII -5,285 Cr

F&O Cues

– FIIs Net Buy 2,551 Cr in Index Futures

– FIIs add 4267 longs, Cover 12603 Shorts 

Key To Track: 1.37 vs 0.97

Key Technical Support

– Nifty 20 DMA: 22847

– Nifty Bank 20 DMA: 55334Solid day of gains yesterday, Nifty nears 23000 led by Reliance, IT and Banks

– Gift Nifty +105 Pts at open 

– Brent continues to hold around $105, US 10Y yields cool towards 5% 

– Asia rebounding after Thursday’s chip rout; Wall St mixed-to-higher

– FIIs sell 5285 Cr in Cash yesterday, Buy 2551 Cr in Index Futures

WALL ST OVERNIGHT

Dow +1.08%

S&P +0.33% (snapped 3-day losing streak)

Nasdaq +0.08% (recovered from -1.8% intraday)

Asian Indices

– Nikkei +1.7%

– Kospi +3.1% 

– Hang Seng +1% 

Cash Market Flows India:

– DII +3,319 Cr

– FII -5,285 Cr

F&O Cues

– FIIs Net Buy 2,551 Cr in Index Futures

– FIIs add 4267 longs, Cover 12603 Shorts 

Key To Track: 1.37 vs 0.97

Key Technical Support

– Nifty 20 DMA: 22847

– Nifty Bank 20 DMA: 55334

Market outlook by Nischal Shetty, Founder, WazirX

“US producer inflation rose 1.3%, while retail sales gained 0.8% and jobless claims remained low at 199,000, signaling firm demand but limiting scope for rapid Fed easing. India’s exports surged 23%, improving regional confidence and supporting domestic crypto participation. The US 10-year yield fell to 5.086%, offering liquidity relief, while higher oil prices maintained inflation pressure. Strong growth and lower yields favor Bitcoin and Ethereum, although persistent inflation may keep broader crypto participation selective in the near term across markets.

Bitcoin trades near $82,108, consolidating between longer-term support and short-term resistance. The $81,800-$82,000 range remains important, followed by $81,200. A move through $82,500-$82,800 could improve momentum. Futures confirmation would require stronger volume and open interest without sharply rising funding today.

Ethereum trades near $2,442 and is showing early signs of stability. Immediate support lies around $2,420-$2,440, followed by $2,355. Resistance sits near $2,480-$2,500. Staying above support could aid recovery, while stronger activity above resistance would improve the broader market structure.

Global markets improved as Asian equities advanced broadly, led by the KOSPI’s 3.08%, Sensex’s 2.11% and Nikkei’s 1.75% gains. US markets also finished higher, with the Dow up 1.08%, while the VIX fell 2.43%, indicating calmer sentiment. Gold gained 0.32%, showing continued demand for alternative assets, while oil declined 0.80%, easing inflation concerns. Stronger equities, lower volatility and reduced energy pressure may encourage wider participation across Bitcoin, Ethereum and altcoins during the current trading session.

U.S. spot Bitcoin ETFs recorded $261.4 million in daily net outflows, reversing the previous session’s inflow, while Ethereum ETFs lost $129.51 million. Fidelity’s FBTC led Bitcoin withdrawals, and BlackRock’s ETHA drove most Ethereum redemptions. 

Despite institutional selling, Bitcoin held near $82,108 and Ether gained slightly to around $2,442, showing that ETF activity does not determine prices alone. Spot demand, short-covering and derivatives positioning can absorb outflows, while profit-taking and macro pressure may similarly delay gains during strong inflow sessions too.”

EQUITY PREVIEW:

360 ONE WAM (360ONE): 2Q Net Income 3B Rupees Vs. 3.15B Rupees Y/y

Angel One (ANGELONE): 2Q Net Income +58% Y/y to INR3.35b, Beats Estimates

Encompass Design (ENCOMPAS): To buy 100% of Ballr Apparels Pvt. for INR46.5m

HDFC Life Insurance (HDFCLIFE): 2Q Net Income +14% Y/y to INR5.08b, Misses Estimates

Indian Bank (INBK): 2Q Net Income +15% Y/y to INR34.6b, Meets Est; Approves INR70B Bond Issue

Indian Oil Corp. (IOCL): Signs Term Deal With Sonatrach to Buy One LPG Cargo/Month

Jio Financial (JIOFIN): 2Q Net Income 3.40B Rupees Vs. 6.95B Rupees Y/y

Karur Vysya (KVB): 2Q Net Income +37% Y/y to INR7.88b, Beats Estimates

L&T Finance (LTF): 2Q Net Income +33% Y/y to INR9.75b, Matches Estimates

Mankind Pharma (MANKIND): To invest additional EUR 45Mn in unit Mankind Pharma (Netherlands)

Nestle India (NEST): 2Q Net Income +36% Y/y to INR10.3b, Beats Estimates

Persistent Systems (PSYS): 2Q Net Income -25% Y/y to INR3.52b, Misses Estimates

Polycab India (POLYCAB): 2Q Net Income +43% Y/y to INR9.77b, Beats Estimates

Solar Industries (SOIL): To buy 100% of Sivasakthi Ind Explosives for INR1.15b cash

South Indian Bank (SIB): 2Q Net Income +21% Y/y to 4.26B Rupees

Suprajit Engineering (SEL): To buy minimum 26% stake in Amplus Green Power

Tata Communications (TCOM): 2Q Net Income 3.41B Rupees Vs. 1.83B Rupees Y/y

Tech Mahindra (TECHM): 2Q Profit +33% Y/y to INR15.9b, Misses Est.; Plans 1:1 Bonus Share Issue

UCO Bank (UCO): 2Q Net Income 7.86B Rupees Vs. 6.2B Rupees Y/y

Wipro (WPRO): 2Q Profit -1.8% Y/y to INR32b, Misses Estimates; US-Listed Shares Fall

Market review by Vikram Subburaj, CEO, Giottus.com

Bitcoin is trading around $82,200, attempting to recover after testing the $80,000 level. Immediate support lies around 80,000-80,300, while resistance is near 82500-82,600. A sustained break above resistance would strengthen the recovery. However, renewed selling below $80,000 could put further pressure on prices.

ETF flows remain volatile. US spot Bitcoin ETFs recorded outflows of $484.9 million on October 7 and $244.1 million on October 8. Inflows returned on October 9 and October 13, but withdrawals resumed on October 12 and 14. This uneven pattern suggests that institutional demand has yet to establish a sustained recovery.

On-chain indicators remain mixed. The latest available readings show Bitcoin’s NUPL at 0.3464 and SOPR at 1.0001. Aggregate unrealised profits remain positive, but coins moved on-chain are close to break-even. Nearly 63% of supply had remained unmoved for at least a year. These readings are delayed and do not rule out further downside.

Large-cap altcoins remain under pressure in the latest verified historical snapshot. Ethereum traded around $2,418, down 3.14% over 24 hours. BNB was near $729, down 1.59%. XRP stood at $1.33, down 2.55%. Solana was around $104, down 2.49%. TRON was near $0.33, up 1.56%. These figures are historical references, not verified October 16 live quotes.

Macro conditions remain important. US CPI rose 3.7% year on year in September, while core inflation reached 2.6%. Markets see a 72% probability that the Federal Reserve will hold rates at its October 27–28 meeting. Elevated oil prices and uncertainty over inflation continue to influence risk appetite.

Our advice: Investors should avoid chasing the rebound. Watch Bitcoin’s $80,000 support, ETF flows and Fed commentary before increasing exposure.

Market outlook by Prateek Gupta, Head of Business, Mudrex

Bitcoin has rebounded to around $82,000 after briefly breaking below $80,000, its weakest level in over three weeks. The sell-off followed US producer prices rising 6.3% year-on-year, above the expected 5.3%, adding to inflation concerns following the CPI data. Nearly $950 million in leveraged positions were liquidated, while spot Bitcoin ETFs saw over $261 million in outflows. Easing Treasury yields, with the 10-year retreating to 5.1% from 5.36%, helped BTC recover. Meanwhile, wallets holding 10-10,000 BTC reached a record 20,338, signalling stronger whale participation. Markets now put the odds of a Fed hike above 50% ahead of Fed Chair Warsh’s speech today. Bitcoin’s support remains at $80,000, with immediate resistance standing at $83,000.

The rupee is expected to ⁠open in the 94.75 to 94.80 range, per traders, having settled at 95.0550 to the dollar on Thursday.

Shares on track for higher open on lower Treasury yields, SEBI relief

Shares on track for higher open on lower Treasury yields, SEBI relief

Indian shares set for higher open as US yields fall, SEBI easing rules ease expiry volatility; Nifty eyes 23k+ amid global AI rally and mixed corporate results.

South Korean shares set for biggest weekly fall since 2008 on AI worries

South Korean shares set for biggest weekly fall since 2008 on AI worries

South Korean markets bounce but head for a steep weekly loss amid AI worries, with stocks, won, and bonds showing volatility.

Mutual funds suspend bulk subscriptions to gold ETFs ahead of festival season

Indian mutual funds suspend bulk gold ETF subscriptions ahead of Diwali

Indian mutual funds suspend bulk gold ETF subscriptions after a reported SEBI nudge, ahead of festive demand, while redemptions remain unaffected.

17 stocks touched fresh 52-week low on Thursday 

🔻HDBFS

🔻VEDL

🔻SWIGGY

🔻JWL

🔻MFSL

🔻CRIZAC

🔻VAML

🔻RAMCOCEM

🔻GREENPANEL

🔻TRIVENIPT

🔻LASERPOWER

🔻SKYWAYS

🔻VARMORA

🔻LCCPROJECT

🔻INA

🔻RANWALENTR

🔻RPOWER

CCL PRODUCTS Q2: CONS NET PROFIT UP 29.00% AT ₹130.11 CR (YOY), UP 11.32% (QOQ)

REVENUE UP 7.46% AT ₹1,210.76 CR (YOY), UP 0.86% (QOQ)

EBITDA UP 7.59% AT ₹212.09 CR (YOY), UP 9.58% (QOQ)

MARGINS AT 17.52% VS 17.50% (YOY), 16.12% (QOQ)

PROFIT AIDED BY OTHER INCOME

CCL REPORTED WEAKEST REVENUE GROWTH YOY IN LAST 5 + QUARTERS

Asian stocks rise as chip selloff eases, oil slips

Asian equities rose as dip buyers stepped in following a chip-stock selloff fueled by concerns about the artificial intelligence trade. Crude oil edged lower.

MSCI Inc.’s Asia Pacific equities gauge climbed 1%, with five shares advancing for every one that declined. Samsung Electronics Co. and SK Hynix Inc. gained in Seoul, helping South Korea’s Kospi Index rise almost 3% after slumping on Thursday to its lowest level since April. (Bloomberg)

Today’s Stock Recommendation:

POLYCAB INDIA — Q2 FY27 RESULTS

Net Profit: ₹977 Cr ↑43% YoY | ↑25% QoQ

Revenue: ₹9,899 Cr ↑53% YoY | ↑21% QoQ

EBITDA: ₹1,422 Cr ↑39% YoY | ↑25% QoQ

EBITDA Margin: 14.4% vs 15.8% YoY | 13.8% QoQ

FII/DII Cash Data

FIIs: ₹-5,285.4 cr 

DIIs: ₹3,319.4 cr 

Net: ₹-1,966.0 cr

ALL-TIME HIGH BREAKOUT ALERT

6 Stocks Closed at Fresh Lifetime Highs Yesterday

• TBZ
• Sky Gold
• Shyam Metallics
• South Indian Bank
• Krishna Phoschem
• Shreeji Shipping Global

Day Trading Guide for October 16, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for October 16, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.

Stock to buy today: Coforge (₹1,932.70)

Stock to buy today: Coforge (₹1,932.70)

Participants can buy the stock now at ₹1,932 and accumulate at ₹1,885. Place stop-loss at ₹1,785. When the price rises to ₹2,050, raise the stop-loss to ₹1,950.