{
  "id": 16589122,
  "title": "Indian shares snap losing run as investors assess earnings",
  "url": "https://urgent.news/2026/10/26/indian-shares-snap-losing-run-as-investors-assess-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T10:33:39.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445987/indian-shares-snap-losing-run-as-investors-assess-earnings"
  },
  "original_language": "en",
  "account": "Indian shares resumed their upward trend on Monday after a four-day decline, driven by stronger-than-expected earnings for key companies and cautious optimism over inflation concerns. Key benchmark stocks like Dr Reddy’s, JSW Steel, and Kotak Mahindra Bank showed gains following their post-earnings performance. However, inflation worries stemming from high Brent crude prices hovering around $115 per barrel limited the rally's extent. Investors were now focusing on the Federal Reserve’s policy decisions scheduled for Wednesday, with expectations of a potential rate hold. The Nifty 50 index climbed 0.68% to 22,753.2, while the Sensex gained 0.66% to 73,606.75, reversing an earlier 0.9% dip. Investors are closely watching September-quarter earnings as they assess the resilience of companies and management guidance. Ponmudi R, CEO of Enrich Money, noted that Monday's rally indicated selective buying interest but highlighted the need for broader participation and easing of external headwinds for sustained gains. A rumor of a potential reduction in the 12.5% long-term capital gains tax also bolstered investor sentiment, but concrete actions would be required for sustained market improvement. Despite the gains, 15 out of the 16 major sectors continued their upward momentum, with small and mid-cap stocks posting gains of 1.4% and 1.2%, respectively. The metal sector saw a rebound, with JSW Steel leading the charge at 6.3% after reporting a threefold increase in quarterly profits driven by record volumes and improved utilization. The pharmaceutical sector also saw a boost, gaining 1.8%, while JSW Steel’s share jumped 6.3%. The oil and gas index rose 1.4%, following a five-day decline of 2.1%. Notably, the Stock Exchange operator BSE saw a significant jump of about 4% after Motilal Oswal upgraded its stock rating to \"buy,\" citing potential benefits from the partial reversal of the closing auction session. Kotak Mahindra Bank, another significant player, gained 2.4% after reporting strong quarterly profits fueled by robust loan demand. Conversely, Shriram Finance experienced a 4.6% decline after cutting its annual loan-growth forecast and highlighting higher credit costs.",
  "summary": "Indian shares snapped a four-session falling streak on Monday, aided by a post-earnings rise in key benchmark constituents such as Dr Reddy’s, JSW Steel and Kotak Mahindra Bank. However, inflation concerns driven by Brent crude futures trading around $115 a barrel kept a lid on gains. Investors awaited the Federal Reserve policy decision on Wednesday, when the central bank is expected to hold…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}