Indian markets slip for fourth day as foreign selling and oil prices weigh on Nifty
The Nifty fell 2.36% to 22,600, extending a four-session decline driven by foreign investor outflows, higher crude prices and weakness in banking and cyclical stocks.
Indian equity markets extended their decline for a fourth consecutive session, with the Nifty slipping 2.36% to close at 22,600. Persistent foreign investor selling, elevated crude oil prices and weakness in banking and cyclical stocks weighed on sentiment, while information-technology shares showed relative resilience.
Hariselvan Radhakrishnan, founder and CEO of HST Wealth, said the index needs to sustain a move above 22,800 to regain momentum and could recover toward the 23,000–23,150 range. He warned that failure to reclaim that level may expose the market to further weakness around 22,400–22,200.
Several stocks are expected to remain in focus on Monday, October 26, as investors track September-quarter earnings and other developments. Infosys posted a 6% year-on-year rise in consolidated net profit to ₹7,823 crore but trimmed its FY27 revenue growth guidance to 1–2% in constant currency terms. Kotak Mahindra Bank reported a 29.5% year-on-year increase in net profit to ₹4,212 crore, with net interest income up 15.7%.
YES Bank said it is evaluating a Supreme Court judgment on its Additional Tier 1 bonds and will communicate any decision on coupon discretion after completing its assessment. Bharat Petroleum Corporation posted a net profit of ₹4,993 crore in Q2, reversing a loss in the previous quarter.
Coforge’s net profit jumped 56.5% year-on-year to ₹588.1 crore, helped by the full-quarter contribution from its $2.35 billion acquisition of Encora. Raymond’s board approved a proposal to rename the company Raymond Aerospace, Defence & Engineering Limited, pending shareholder and regulatory approvals. Senco Gold signed agreements to acquire a 68% stake in August Jewellery Private Limited for ₹68 crore, subject to conditions.
Other notable results included a 55.6% profit rise at Apollo Micro Systems, a 53% profit increase at AU Small Finance Bank, and a 25.3% profit rise at Bank of India. The article also noted upcoming earnings releases from companies such as Paytm, Tata Consumer Products and ITC Hotels.
"We are evaluating the Supreme Court judgment concerning our AT-1 bonds and will communicate our decision after completing the evaluation," YES Bank said.
"The facility is expected to generate employment for more than 1,000 people, predominantly women, and manufacture knitwear products using automated sewing technologies," the company said about the new Arvind plant.
Analysts suggest that the market’s direction will hinge on whether the Nifty can break above the 22,800 threshold and on the upcoming earnings and regulatory updates.