Closing Call: Sensex claws back 483pts; Dr. Reddy's soars 6%
Indian stock markets pulled off a stunning reversal on Monday. The Sensex shed over 400 points early, then clawed back every rupee of those losses to close up 483 points at 73,606. The Nifty reclaimed 22,750, and midcaps and smallcaps outpaced the benchmarks. This episode covers what drove the turnaround: pharma, metals, and oil and gas leading gains, Dr. Reddy's jumping 6% on a margin beat despite a 36% profit drop, and Ather Energy surging 14% on its first-ever profit. Shriram Finance slid 5-6% after a target cut. The stock market rallied with the rupee falling and crude near $115. Get the full market picture on askfuzz.ai (askfuzz.ai).
The Indian stock market is putting on a calm face today, but underneath it's anything but. Infosys cut its FY27 revenue growth guidance after a Q2 miss and fell 4% at the open, dragging the entire IT sector with it. Meanwhile, pharma is surging 1.23%, with money rotating straight out of IT and into names showing real margin recovery. This stock market split is the story of the session. Dr. Reddy's is up 5.45% near Rs 1,296, Kotak Mahindra Bank climbed 2.17% after Q2 profit jumped 26% year on year, and MRPL is the top NSE 500 gainer at 11.70%. India VIX is up 4.12%, signalling traders are hedging hard even as the index stays flat. Get the full market picture on askfuzz.ai.
23 Oct 2026
Closing Call: Midcaps bleed, Nifty at 22,600
The Indian stock market looked calm on the surface today, but the real damage was underneath. While the Nifty closed down just 0.39% at 22,600, the Nifty Midcap 100 crashed 2.21% and is down nearly 5.74% for the week. India VIX jumped 6.63%, signalling genuine fear in the stock market. Swiggy led the pain, sinking 17% to a 52-week low after weak Q2 results, while rival Eternal gained 4.26% on a 92% profit jump. Cyient surged 8% on strong earnings, and the Jio Platforms IPO closed subscribed over 7.64x. Get the full market picture on askfuzz.ai (askfuzz.ai).
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