The SENSEX and NIFTY50 indices ended Monday, 26 October, with gains that ended a four‑day losing streak, driven by a short‑covering rally. The SENSEX rose as much as 1,002 points from its intraday low, closing 483 points higher at 73,607. The NIFTY50 touched an intraday high of 22,721 after opening at 22,387, and closed 153 points higher at 22,753. Gains were led by heavyweights such as Reliance Industries, Kotak Mahindra Bank, Eternal, Bharti Airtel, ICICI Bank, Adani Ports, ITC and Larsen & Toubro.

Markets had entered an oversold zone after four consecutive days of losses, prompting a short‑covering rally from lower levels, analysts noted. Most Asian markets ended lower on Monday as investors awaited earnings of mega‑cap companies and key central bank decisions. Japan’s Nikkei fell 0.8%, South Korea’s KOSPI dropped 1.5%, while China’s Shanghai Composite index advanced 0.2%. Brent crude futures hovered around $115 per barrel amid ongoing attacks on Saudi Arabia, keeping supply concerns in focus.

Buying was visible across the board as 13 of 15 major sector gauges compiled by the National Stock Exchange ended higher. The NIFTY Metal index gained 2.2%, while NIFTY Pharma, Healthcare, IT, Private Bank Realty and Oil & Gas indices rose between 0.6% and 1.77%. Media and select consumer durable stocks ended lower. Broader markets outperformed their larger peers as the NIFTY Midcap 100 index rose 1.19% and the NIFTY Smallcap 100 index gained 1.38%.

Among individual shares, Ather Energy advanced 14.13% to close at ₹1,575 after turning profitable in the September quarter. The company reported a net profit of ₹1.26 crore versus a loss of ₹154 crore in the same period last year, and revenue from operations jumped 63% to ₹1,464 crore from ₹899 crore. Its EBITDA was ₹11.42 crore against an EBITDA loss of ₹132 crore a year ago, giving an EBITDA margin of 0.80%.

Apollo Micro Systems surged 15.3% to hit an intraday high of ₹432 after reporting strong earnings for the July‑September quarter of FY27. Its consolidated net profit stood at ₹46.15 crore, a 48.34% year‑on‑year increase from ₹31.11 crore in Q2 FY26. Bharat Coking Coal shares rose nearly 7% after posting a ₹124 crore net profit versus a ₹53 crore loss in the same period of the previous year, with sequential profits returning to September quarter levels from a ₹68 crore loss in Q1 FY27.

Dr Reddy’s Labs was the top gainer in the NIFTY50, closing 6.6% higher at ₹1,310.90 after its net profit rose 11% to ₹925 crore in the second quarter of the current financial year. Other gains included JSW Steel, BSE, Adani Ports, Eternal, Max Healthcare, Kotak Mahindra Bank, Grasim, Coal India, Hindalco, Apollo Hospitals, Tata Steel and Bharti Airtel, which rose between 1.34% and 6.28%. Shriram Finance fell 4.62% to ₹825 after cutting its AUM growth guidance to 15‑17% from 18%, while Tata Consumer Products, Bajaj Finance, HDFC Life, HDFC Bank, Sun Pharma, HCL Technologies, Tata Motors PV, Mahindra & Mahindra and Power Grid were among the top losers in the NIFTY50. The overall market breadth turned positive as 2,063 shares ended higher while 1,525 closed lower on the NSE.