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Below the Quote on Daily Market Commentary for October 27th 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equities are expected to remain in a consolidation phase, with focus shifting to the Jio Platforms listing and the Federal Reserve’s policy decision and accompanying commentary on Wednesday. Jio Platforms, India’s largest-ever IPO and an entirely fresh issue of ?30,213 crore, was subscribed 22.19 times, led by QIBs at 70.55 times against retail at 2.72 times. Investors will track Q2 results tomorrow from Hindustan Unilever, Adani Ports, Adani Enterprises, TVS Motor, Hyundai Motor India, Pidilite Industries, Vedanta, Cholamandalam Investment and Finance, Hero MotoCorp and JSW Energy, among others. The Nifty 50 closed flat at 22,750, down 5 points while the Midcap 100 and Smallcap 100 gained 1% and 2.7%, respectively, supported by value buying and improving breadth in mid- and small-cap stocks following the recent sell-off. India VIX declined 4.4%. Media, Realty and Pharma outperformed, while Cement, Private banks and IT lagged.  The Nifty IT index fell over 1.4% after Infosys cut its FY27 revenue outlook, with the stock down 0.3% alongside declines in TCS and Wipro, while concerns over AI-led disruption and traditional IT spending added to the pressure on sector.  Brent crude remained elevated at around US$116/bbl, due to continued disruptions in West Asia keeping prices near six-month highs. The government approved amendments to the Central Motor Vehicles Rules, 2026, allowing certified flex-fuel vehicles to run on ethanol blends of up to E100, supporting ethanol adoption though the impact will depend on vehicle availability and fuel infrastructure. It also cleared defence acquisition proposals worth Rs 2.12 lakh crore, with 82% earmarked for domestic industry, strengthening the order outlook for defence manufacturers. Infrastructure spending reached Rs 17.73 lakh crore across 1,853 projects as of September against a planned outlay of Rs 37.56 lakh crore, with transport and logistics the largest component. Separately, the deadline for filing FY26 financial statements without additional fees has been extended to 31 December, and annual returns to 31 January.

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