Sensex declines 353 points, dragged by Reliance, IT stocks, rising crude oil prices
The 30-share BSE Sensex dropped 352.64 points, or 0.48%, to settle at 73,246.03, recovering most of its sharp intraday losses. During the day, it tumbled 995.1 points, or 1.35%, to 72,603.57
On Wednesday, October 28, 2026, the market benchmark indices Sensex and Nifty closed lower. The BSE Sensex declined by 352.64 points, or 0.48%, to 73,246.03, after initially sliding 995.1 points, or 1.35%. The NSE Nifty fell by 50.90 points, or 0.22%, to 22,698.85. Reliance Industries, along with IT companies such as Infosys, Tech Mahindra, Tata Consultancy Services, Bharti Airtel, and Tata Steel, led the decline.
Jio Platforms, a Reliance Industries-backed company, made its debut and ended nearly 27% higher, becoming the second most valuable domestic firm. Brent crude prices surged to $114.5 per barrel due to concerns over supply disruptions from Houthi attacks on Saudi Arabia. Foreign Institutional Investors (FIIs) bought equities worth ₹4,240.39 crore on Tuesday.
Investors are now looking ahead to the U.S. Federal Reserve's policy decision, particularly signals regarding interest rates into December. The markets in South Korea, Japan, China, and Hong Kong ended higher, while those in Europe were trading lower. The U.S. markets also ended higher on Tuesday.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
