Stock Watch — October 28, 2026

Market-day summary | Summary as of 08:25 IST, Wednesday, October 28, 2026. Indian cash-market trading has not opened; stock prices below are the latest completed session (Tuesday, October 27), not live prices. Not investment advice.

📊 Indices

IndexLast close (Oct 27)Day change% change
Nifty 5022,749.75−3.45−0.02%
Nifty Bank53,974.90−391.80−0.72%
Nifty Financial Services (FinNifty)24,303.75−150.60−0.62%
Nifty IT32,189.45−83.60−0.26%

Tuesday was the monthly F&O expiry: headline indices ended flat, but banks and financials lagged sharply (Nifty Private Bank −0.73%), and India VIX cooled 4.43% to 16.40. Broader markets outperformed (Nifty Midcap 50 +0.90%, Nifty Next 50 +1.30%).12

🏦 Banks — Digital Payments Focus

BankSymbolLast close (Oct 27)Change vs Oct 26Oct 27 low–highExpectation today
SBISBIN₹945.10↘️ −₹15.70 (−1.63%)₹945.10–₹965.65Weakest in group; closed at the day’s low. Gap-down risk with Bank Nifty.
ICICI BankICICIBANK₹1,386.90↘️ −₹16.10 (−1.15%)₹1,377.60–₹1,400.90Weak close; watch the 22,665 Nifty support zone for tone.
HDFC BankHDFCBANK₹680.20↘️ −₹7.85 (−1.14%)₹678.65–₹690.25First session under new MD & CEO Anup Bagchi went red; watch ₹678 as near floor.
Kotak Mahindra BankKOTAKBANK₹442.50↗️ +₹1.75 (+0.40%)₹439.90–₹444.80Only sizeable gainer; Q2 PAT +26% YoY still lending support.
Axis BankAXISBANK₹1,220.00↗️ +₹2.50 (+0.21%)₹1,210.10–₹1,228.00Mildly positive; range-bound pending fresh triggers.

Bank Nifty pivot map for today: resistance at 54,462 / 54,628 / 54,896 (Fibonacci 54,937 / 55,657) and support at 53,925 / 53,759 / 53,490 (Fibonacci 52,784 / 51,895).3

💳 Fintech — Pure Play

TierCompanyNSE symbolLast close (Oct 27)Change vs Oct 26Oct 27 low–highExpectation today
B1One 97 Communications (Paytm)PAYTM₹1,601.60↘️ −₹53.10 (−3.21%)₹1,597.50–₹1,687.70Top loser. Opened near ₹1,688 after the Q2 print and faded to the day’s low — post-earnings drift continues.
B1MobiKwikMOBIKWIK₹216.93↗️ +₹3.49 (+1.64%)₹211.89–₹219.64Top gainer in the tier; thin stock, moves amplify.
B2PB Fintech (Policybazaar)POLICYBZR₹1,008.40↘️ −₹14.60 (−1.43%)₹1,004.00–₹1,041.90Down four of the last five sessions; Q2 results due Nov 9–10 are the next catalyst.
B3AvenuesAI (formerly Infibeam Avenues)CCAVENUE₹121.27↗️ +₹1.46 (+1.22%)₹118.45–₹122.25Bounce within a downtrend (−27% over one month); treat as volatile small-cap exposure.
B3Pine LabsPINELABS₹153.79↘️ −₹1.06 (−0.68%)₹153.00–₹157.95Drifting lower; ₹153 is the near floor.
B3Network People Services Tech.NPST₹1,639.50↘️ −₹8.80 (−0.53%)₹1,596.70–₹1,672.50Choppy; UPI-infrastructure order flow is the watch item.
B4Fino Payments BankFINOPB₹119.57↘️ −₹1.97 (−1.62%)₹117.91–₹123.00Weak close; ₹117.90 support in play.
B4SBI CardsSBICARD₹528.05↘️ −₹10.25 (−1.90%)₹526.75–₹540.40Second-weakest fintech; card-spending growth vs credit-cost debate continues.
B5AGS Transact TechnologiesAGSTRA₹1.94↘️ −₹0.03 (−1.52%)₹1.94–₹1.94⚠️ Under CIRP; BZ-series, illiquid. Avoid.

Price method: Yahoo Finance daily OHLC for the NSE-listed symbols above (last completed session Tuesday, October 27), cross-checked against Moneycontrol and Investing.com quotes. PB Fintech trades under POLICYBZR and Infibeam Avenues now trades as AvenuesAI under symbol CCAVENUE following its 10-for-1 share consolidation (record date October 13, 2026).45

📰 Pre-market Setup & Sector News

  • Opening cue: GIFT Nifty traded around 22,682 in early trade, down about 130 points from the previous Nifty futures close (ET flagged 22,658.5, −153.5 points at one stage) — a negative-start indication, not an exact cash-market gap. The new monthly F&O series begins today. Brent crude remains elevated near $113–114/bbl and the US Federal Reserve’s rate decision lands later this week.67
  • Key levels: Moneycontrol’s October 28 setup puts Nifty resistance at 22,813 / 22,858 / 22,932 and support at 22,665 / 22,620 / 22,546; analysts see 22,500–22,600 as the near support band and 23,200 as the cap below which consolidation persists.3
  • Flows: FIIs turned net buyers on October 27 (+₹4,240 crore) while DIIs sold ₹1,250 crore, snapping a five-day buying streak.6
  • Jio Platforms lists today: The ₹30,213-crore IPO (issues Oct 21–23) debuts on NSE and BSE today — the week’s biggest primary-market event, likely to absorb flows and attention; watch any read-across to digital/financial-services names.8
  • Paytm: Q2 FY27 consolidated net profit of ₹226 crore (+976% YoY) on revenue of ₹2,648 crore (+28%), filed after Monday’s close — but the profit comparison is flattered by exceptional expenses falling to ₹4 crore from ₹190 crore a year earlier. The −3.21% Tuesday close says the market discounted the headline. Goldman Sachs (October 8) still models Paytm EBITDA doubling in FY27 and FY28 even without the MDR uplift, and flags the December 2026 deadline for the UPI market-share cap as a potential material event.910
  • Kotak: Q2 FY27 consolidated PAT ₹5,645 crore (+26% YoY), NII +16%; the stock held +0.40% on a weak banking day.11
  • HDFC Bank: Anup Bagchi’s three-year MD & CEO term began October 27, post-RBI approval; execution, not the appointment, is the story now.12
  • UPI rails: NPCI’s GFF follow-through continues — “MyUPI” (24×7 multilingual assistance / trust-and-control layer) and Tap & Pay-style offline UPI were detailed this week; biometric-authenticated UPI transactions crossed 6.29 billion cumulative as of August 31, 2026. Meanwhile the 0.4% MDR on UPI merchant transactions above ₹2,000 (effective October 15) remains before the Supreme Court — notices to Centre/RBI/NPCI issued, no stay — and NPCI has indicated category-wise implementation timing “immediately after Diwali” (November 8) is still to be notified.1314

Sources: NSE India, Yahoo Finance, Moneycontrol, Economic Times Markets, DSIJ, BSE/NSE corporate filings, Investing.com. AI-generated, not investment advice. For informational purposes only.

  1. https://univest.in/blogs/icici-bank-share-price-prediction-for-tomorrow-28-october-2026 ↩︎

  2. https://insights.dsij.in/dsijarticledetail/closing-bell-nifty-ends-flat-on-october-27-nifty-media-jumps-354-60179 ↩︎

  3. https://www.moneycontrol.com/news/business/markets/trade-setup-for-october-28-top-15-things-to-know-before-the-opening-bell-14061573.html ↩︎ ↩︎

  4. https://finance.yahoo.com/quote/POLICYBZR.NS ; https://finance.yahoo.com/quote/CCAVENUE.NS ↩︎

  5. https://www.equitybulls.com/news/376213/avenuesai-fixes-record-date-for-10-for-1-share-consolidation ↩︎

  6. https://www.moneycontrol.com/news/business/markets/first-tick-top-global-cues-to-watch-in-today-s-trade-26-14061287.html ↩︎ ↩︎

  7. https://m.economictimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135248881.cms ↩︎

  8. https://insights.dsij.in/dsijarticledetail/gift-nifty-signals-muted-start-near-22580-q2-earnings-and-crude-oil-in-focus-60151 ↩︎

  9. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aae1543b-7f30-4007-b418-b2eda939e0a3.pdf ↩︎

  10. https://www.aninews.in/news/business/paytm-ebitda-to-double-in-both-fy27-and-fy28-even-without-mdr-boost-goldman-sachs20261008132111 ↩︎

  11. https://economictimes.indiatimes.com/markets/stocks/earnings/kotak-mahindra-bank-q2-results-consolidated-pat-rises-26-yoy-to-rs-5645-crore-lenders-nii-up-16/articleshow/135165924.cms ↩︎

  12. https://www.moneycontrol.com/news/business/banks/hdfc-bank-appoints-anup-bagchi-as-its-new-md-and-ceo-14042973.html ↩︎

  13. https://www.news18.com/business/banking-finance/no-internet-no-upi-app-rbis-new-tap-and-pay-feature-could-change-how-you-pay-ws-e-10321959.html ↩︎

  14. https://www.moneycontrol.com/news/india/supreme-court-issues-notice-to-rbi-npci-over-upi-mdr-charges-above-rs2-000-14039899.html ↩︎