The Indian stock market opened lower on Wednesday, October 28, 2026, with the BSE Sensex falling 667.12 points, or 0.91%, to 72,931.55. The NSE Nifty 50 declined 158.65 points to 22,591.10, slipping below the 22,600 mark. Selling pressure was concentrated in information technology stocks, including Infosys, Tata Consultancy Services (TCS), HCL Technologies and Tech Mahindra. Larsen & Toubro (L&T) and Bajaj Auto, however, advanced in early trade.
The Sensex opened at 72,931.55, down 667.12 points, or 0.91%, while the Nifty 50 fell 158.65 points to 22,591.10. As trading progressed, losses deepened, with the Sensex declining by more than 750 points to 72,841.26 and the Nifty reaching 22,563.30.
Market breadth reflected the selling pressure. According to early market data, 1,028 stocks advanced, while 1,253 declined. Another 165 stocks remained unchanged.
On Tuesday, the Sensex had closed at 73,598.67 and the Nifty at 22,749.75, with both indices ending the session largely flat.
Information technology stocks faced the heaviest selling pressure in early trade. The Nifty IT index fell 3.37% to around 31,103.60.
Infosys shares declined approximately 4.13%, while Tech Mahindra fell 3.25%, HCL Technologies dropped 3.29% and TCS traded around 3.06% lower.
Uncertainty surrounding the US Federal Reserve's interest rate decisions was cited as one factor behind the decline in IT stocks. Indian IT companies generate a substantial portion of their business from the United States, making their performance sensitive to developments in the US economy and changes in interest rates.
Selling pressure extended beyond the IT sector. The Nifty Oil and Gas index declined approximately 1.47%, while the Nifty FMCG index fell 1.43%.
The Nifty Realty index dropped 0.75%, the PSU Bank index declined 0.67% and the Nifty Bank index fell 0.49%. Metal and pharmaceutical stocks also witnessed selling pressure.
The Nifty Auto index was an exception, trading 0.24% higher in early trade.
Larsen & Toubro shares attracted buying interest despite the broader market decline. The stock rose 4.47% in early trade to reach Rs 3,828.80.
L&T reported a profit of approximately Rs 5,202 crore for the September quarter. Following the company's quarterly results, investors showed interest in its shares.
Bajaj Auto shares also gained approximately 2.98%. SBI Life Insurance advanced 1.64%, while Maruti Suzuki and Hindalco also traded in positive territory during early trade.
