On Thursday, October 22, the SENSEX fell as much as 0.96% to an intraday low of 73,005.11, while the NIFTY50 tumbled 1.12% to 22,672.25. By 1:43 PM, the S&P BSE SENSEX stood at 73,158.28, down 551.41 points or 0.75%, and the NSE NIFTY50 was at 22,615.70, a 195.65‑point or 0.86% decline. The downturn coincided with global crude oil prices surging over 3% to more than $112 per barrel and a weakening rupee, contributing to the bearish sentiment across the market.

Tata Teleservices (Maharashtra) shares rallied over 9% on the NSE after the company reported a decline in its net loss to ₹59.20 crore in Q2 FY27, compared with a loss of ₹320.82 crore in the year‑ago period. Revenue from operations rose 8.2% year‑on‑year to ₹309.65 crore in the September FY27 quarter, up from ₹286.13 crore in Q2 FY26. The stock’s surge reflected investor optimism about the company’s improving financial performance amid a broader market downturn.

Indian Hotels Company Ltd (IHCL) saw its shares jump 5.53% to a 52‑week high of ₹794.65 on the NSE, following robust earnings for the July‑September quarter of FY27. Consolidated net profit rose 22.7% year‑on‑year to ₹349.49 crore from ₹284.92 crore, while revenue from operations climbed 21.73% to ₹2,484.32 crore. IHCL also upgraded its FY27 consolidated revenue guidance by 300 basis points to 15‑17% from the earlier 12‑14% range, boosting investor confidence.

Swiggy shares fell as much as 6.25% to a fresh 52‑week low of ₹209.65 on the NSE ahead of its September quarter earnings announcement. Investors are watching whether the company can accelerate growth in its quick‑commerce Instamart business without widening losses, and how its profitability and food‑delivery margins compare with rivals such as Zomato and Blinkit. The decline reflects market caution amid pending earnings data.

Other notable movements included Nestle India and Zydus Wellness shares dropping after the Food Safety and Standards Authority of India issued notices for misleading claims in certain products. Nestle’s notices concerned ‘Lactogen Pro 1 Powder’ and ‘Nan Excella Pro Stage 1’, while Zydus was cited for misleading claims about its Complan product. The regulatory action contributed to the downward pressure on these stocks during the session.

Bajaj Finance, Bajaj Auto, Bharti Airtel, Larsen & Toubro, and UltraTech Cement emerged as top gainers in the NIFTY50, offsetting losses from companies such as Nestle India, HDFC Life Insurance, Coal India, Tata Motors PV, and HDFC Bank. Meanwhile, Redington rose 3.4% to ₹373.85 after Apple announced the launch of its iPhone Duo in India, and PC Jeweller saw a 10.74% rally to ₹20.10 before trimming gains. The market’s mixed performance highlights sectoral disparities amid broader macro‑economic headwinds.