Although the benchmark indices opened lower, they remained in negative territory throughout the session and eventually closed in the red.
Indian equity benchmarks indices, Sensex and Nifty50 fell slightly as bank and IT shares weighed.
Please note markets will remain closed on Tuesday, 20 October 2026, on account of Dussehra.
At the closing bell, the BSE Sensex closed 876 points lower (down 1.1%)
Meanwhile, the NSE Nifty closed 257 points lower (down 1.1%)
TCS, Tech Mahindra, Bharti Airtel are the top gainers today.
Bharat Elec, ITC, Kotak Mahindra on the other hand, were among the top losers today.
The GIFT Nifty was trading at 22,900 with 194 points lower at the time of writing.
The BSE 150 Midcap index is trading 1.12% lower and the BSE 250 SmallCap index is trading 1.35% lower.
Baring PSU Bank all other sectoral indices traded negative today, with stocks in IT sector and power sector witnessed selling pressure.
4 reasons why Indian share markets are falling:
1) Selling in Bank Shares: HDFC Bank shares fell 2% after the bank announced its second-quarter FY27 results. Concerns over lower profit growth and pressure on interest margins affected investor sentiment, pulling the Bank Nifty down by 0.5%.
2) Weak Global Cues: Asian markets traded lower due to concerns about the high spending on artificial intelligence and a busy earnings week ahead. US markets also ended sharply lower on Friday, as technology stocks fell and rising crude oil prices added to investor worries.
3) Higher Crude Prices: Brent crude fell 1.5% to $108.27 per barrel, while WTI crude declined 0.6% to $100.83. However, oil prices remained high due to ongoing geopolitical tensions, keeping concerns about inflation alive.
4) Rise in India VIX: India VIX, which measures market volatility, rose nearly 4% to 14.52. This indicates growing uncertainty and increased caution among investors.
The rupee is trading at Rs 94.9 against the US$.
Gold prices for the latest contract on MCX are trading higher at Rs 1,48,023 per 10 grams.
Meanwhile, silver prices were trading 0.1% higher at 2,11,396 per 1 kg.
Urban Company Q2 FY27 Results
Shares of Home services marketplace Urban Company came into focus after the company reported its Q2 FY27 results.
Urban Company's consolidated net loss widened to Rs 1.82 billion in the July-September quarter of FY27, compared with Rs 593.3 million in the same quarter last year.
The company's revenue from operations increased 41.4% to Rs 5.37 billion, up from Rs 3.80 billion in Q2 FY26. On a quarterly basis, its net loss widened from Rs 921.2 million in the April-June quarter, while revenue grew 1.7%.
The company's board also approved raising up to Rs 25 billion through the issue of equity shares or convertible securities via a qualified institutional placement (QIP), subject to shareholder approval.
ICICI Bank Q2 FY27 Results
Shares of ICICI Bank came into focus after the company reported its Q2 FY27 results.
ICICI Bank reported a 20.1% year-on-year increase in standalone net profit to Rs 148.43 billion in the July-September quarter of FY27 (Q2 FY27), supported by strong growth in net interest income (NII) and lower provisions.
Net interest income, which is the difference between interest earned and interest paid, rose 17.7% year-on-year to Rs 253.39 billion.
The bank's total loan portfolio grew 30% to Rs 18.32 trillion as of September 30, 2026. Excluding loans from its international branches against Foreign Currency Non-Resident Bank (FCNR(B)) deposits, the loan portfolio increased 24.1%.
However, the bank's net interest margin (NIM) declined to 4.18% in Q2 FY27, compared with 4.30% in the same quarter last year and 4.36% in the April-June quarter.
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