Daily Market Update - 15th October 2026 by Ventura Securities Ltd
Market Outlook: Indian markets are likely to open lower, with Gift Nifty declining 77.5 points (-0.34%) amid weak global cues. US markets ended lower on 14th October, with the S&P 500 down 1.10%, Dow Jones down 0.09% and Nasdaq 100 declining 2.02%. Nifty had declined 0.44% to 22,623 on 14th October, while Sensex fell 0.34% to 72,782. India VIX rose 3.51% to 14.62, indicating a modest increase in volatility. Nifty options indicate 22,500 as the key support and 23,000 as the immediate resistance, with PCR at 0.75.
FII & DII Activity: FIIs remained net sellers on 14th October, selling Rs 1,857 crore, with purchases of Rs 16,382 crore against sales of Rs 18,239 crore. DIIs continued to provide support, recording net buying of Rs 2,670 crore. FII index futures were also net sellers of Rs 1,101 crore, while index options recorded net selling of Rs 8,627 crore, indicating continued cautious positioning by foreign investors despite strong domestic institutional buying.
Sector Activity: Sector performance remained mixed on 14th October. Nifty IT gained 1.14%, led by Infosys (+2.44%) and TCS (+2.11%), while FMCG rose 1.21%, led by Nestle India (+3.69%) and Tata Consumer (+2.91%). Oil & Gas gained 1.04%, driven by Aegis Logistics (+6.68%) and Chennai Petroleum (+5.70%). On the other hand, Pharma declined 1.30%, Financial Services fell 1.11% and Healthcare declined 1.25%. Nifty Energy was the strongest broader sectoral index, gaining 1.47%.
Long, Short, Long Unwinding & Short Covering: Fresh long build-up was seen in ICICI Lombard (+1.3%, OI +10.4%), JSW Energy (+6.4%, OI +0.9%), Adani Power (+5.0%, OI +2.0%), Tech Mahindra (+2.1%, OI +6.5%) and Havells (+3.5%, OI +4.7%). Short build-up was observed in LIC Housing Finance (-5.1%, OI +13.6%), L&T Finance (-3.3%, OI +7.2%), Divi’s Laboratories (-2.8%, OI +5.3%), BSE (-1.1%, OI +5.9%) and Shriram Finance (-3.9%, OI +0.9%). Long unwinding was seen in HDFC Life, Lodha, Apollo Hospitals, Bajaj Auto and Bajaj Finance, while short covering emerged in Tata Elxsi, TCS, Adani Energy Solutions, Nestle India and Premier Energies.
Top 5 News:
Reliance Industries: Jio Platforms fixed its IPO price band at Rs 1,065–1,119 for up to 27 crore fresh shares, implying proceeds of up to Rs 30,213 crore. Subscription will open on 21 October and close on 23 October, with up to Rs 2,500 crore reserved for eligible RIL shareholders.
IDBI Bank: The government approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings’ subsidiary for Rs 52,878 crore at Rs 81/share. The government will sell 30.48% and LIC 30.24%, while retaining 15% and 19%, respectively, subject to RBI and regulatory approvals.
Adani Power: Adani Power received a letter of award from Uttarakhand Power Corporation to supply 1,234 MW of net thermal power, corresponding to 1,320 MW of installed capacity. The power supply is contracted for 25 years, subject to tariff adoption approval by the Uttarakhand Electricity Regulatory Commission.
Capri Global Capital: The board approved raising up to Rs 4,000 crore through one or more tranches, including equity, debt, convertibles and warrants. The proposed fundraising can be undertaken through rights issue, preferential issue, public issue, QIP, FCCBs or external commercial borrowings, subject to regulatory and shareholder approvals.
Canara Bank: Q2 FY27 net profit increased 8.4% YoY to rs 5,175 crore, while operating profit rose 2.0% to Rs 8,758 crore. Global advances grew 19.5% to Rs 13.75 lakh crore and deposits increased 13.1% to Rs 16.97 lakh crore. Gross NPA improved to 1.33% from 2.35%, while net NPA declined to 0.30% from 0.54%.
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