Stock Watch — October 29, 2026
Market-day summary | Summary as of 08:27 IST, Thursday, October 29, 2026. Indian cash-market trading has not opened; stock prices below are the latest completed session (Wednesday, October 28), not live prices. Not investment advice.
📊 Indices
| Index | Last close (Oct 28) | Day change | % change |
|---|---|---|---|
| Nifty 50 | 22,698.85 | −50.90 | −0.22% |
| Nifty Bank | 54,267.40 | +292.50 | +0.54% |
| Nifty Financial Services (FinNifty) | 24,418.25 | +114.50 | +0.47% |
| Nifty IT | 31,553.40 | −636.05 | −1.98% |
Wednesday split the market: banks and financials outperformed (Nifty Bank +0.54%) while IT sank nearly 2% on Infosys (−3%) and Reliance fell ~3% around the Jio Platforms debut. India VIX cooled further to 16.25 (−0.95%), and both FIIs (+₹872 crore) and DIIs (+₹643 crore) were net buyers on October 28 — the second straight session of foreign inflows after Tuesday’s +₹4,240 crore.12
🏦 Banks — Digital Payments Focus
| Bank | Symbol | Last close (Oct 28) | Change vs Oct 27 | Oct 28 low–high | Expectation today |
|---|---|---|---|---|---|
| SBI | SBIN | ₹956.80 | ↗️ +₹11.70 (+1.24%) | ₹944.00–₹959.55 | Best in group, rebounded off Wednesday’s weak close; Bank Nifty pivot support 53,800 is the day’s floor. |
| Axis Bank | AXISBANK | ₹1,220.00 | ↗️ +₹14.30 (+1.19%) | ₹1,200.00–₹1,220.00 | Closed at the day’s high after Tuesday’s low-close washout; momentum intact while ₹1,200 holds. |
| HDFC Bank | HDFCBANK | ₹685.30 | ↗️ +₹5.10 (+0.75%) | ₹669.20–₹687.10 | Recovered from the ₹678 floor; watch if ₹687 (Wednesday’s high) gives way. |
| Kotak Mahindra Bank | KOTAKBANK | ₹440.00 | ↘️ −₹2.50 (−0.56%) | ₹438.30–₹444.30 | Faded from Q2-driven highs; ₹438 is the near floor. |
| ICICI Bank | ICICIBANK | ₹1,377.60 | ↘️ −₹9.30 (−0.67%) | ₹1,361.40–₹1,381.90 | Underperformed the group; ₹1,361 (Wednesday’s low) is the first test. |
Bank Nifty pivot map for today: resistance at 54,422 / 54,614 / 54,925 (Fibonacci 54,551 / 54,840) and support at 53,800 / 53,608 / 53,297 (Fibonacci 52,784 / 51,895).3
💳 Fintech — Pure Play
| Tier | Company | NSE symbol | Last close (Oct 28) | Change vs Oct 27 | Oct 28 low–high | Expectation today |
|---|---|---|---|---|---|---|
| B1 | Pine Labs | PINELABS | ₹162.60 | ↗️ +₹8.81 (+5.73%) | ₹152.48–₹163.80 | Top gainer. Pre-results momentum: Q2 FY27 lands today; Motilal Oswal models revenue +22% to ₹790 crore and GMV +13% to ₹4.8 trillion. |
| B1 | One 97 Communications (Paytm) | PAYTM | ₹1,631.50 | ↗️ +₹29.90 (+1.87%) | ₹1,597.60–₹1,641.80 | Morgan Stanley turned bullish — target raised 35%, implying ~22% upside from the pre-rally close. Post-earnings recovery underway. |
| B1 | MobiKwik | MOBIKWIK | ₹216.23 | ↘️ −₹0.70 (−0.32%) | ₹213.56–₹218.91 | Flat-to-soft; rebounds only track the sector MDR narrative. |
| B2 | PB Fintech (Policybazaar) | POLICYBZR | ₹988.00 | ↘️ −₹20.40 (−2.02%) | ₹981.20–₹1,015.00 | Fifth red close in six sessions; ₹981 is the near floor ahead of Q2 on Nov 9–10. |
| B3 | AvenuesAI (formerly Infibeam Avenues) | CCAVENUE | ₹125.63 | ↗️ +₹4.36 (+3.60%) | ₹119.59–₹127.40 | Second-best gainer, but still a volatile small-cap inside a downtrend. |
| B3 | Network People Services Tech. | NPST | ₹1,635.00 | ↘️ −₹51.70 (−3.07%) | ₹1,612.60–₹1,707.80 | Top loser. Q2 results are the near-term event; ₹1,612 is Wednesday’s floor. |
| B4 | Fino Payments Bank | FINOPB | ₹121.65 | ↗️ +₹0.30 (+0.25%) | ₹121.01–₹123.49 | Sideways; ₹121 support held. |
| B4 | SBI Cards | SBICARD | ₹527.55 | ↘️ −₹0.50 (−0.09%) | ₹519.05–₹528.35 | Flat; card-spend growth vs credit-cost debate unchanged. |
| B5 | AGS Transact Technologies | AGSTRA | ₹1.88 | ↘️ −₹0.03 (−1.57%) | ₹1.88–₹1.91 | ⚠️ Under CIRP; BZ-series, illiquid. Avoid. |
Price method: Yahoo Finance end-of-day fields for NSE symbols (last completed session Wednesday, October 28), cross-checked against Google Finance and Moneycontrol. Exceptions: NPST per Google Finance’s Oct 28 close (Yahoo’s NPST series shows bar-level irregularities); PB Fintech trades as POLICYBZR; Infibeam Avenues trades as AvenuesAI under CCAVENUE after its 10-for-1 share consolidation (record date October 13, 2026).45
📰 Pre-market Setup & Sector News
- Opening cue: GIFT Nifty traded around 22,665 early Thursday, down ~87 points (−0.38%) from the previous Nifty futures close — a flat-to-slightly-negative start, with US gains after the Fed hold offset by soft base metals.2
- Key levels: Moneycontrol’s October 29 setup puts Nifty resistance at 22,765 / 22,831 / 22,939 and support at 22,551 / 22,485 / 22,378; the 23,000 strike carries the maximum Call open interest (77.17 lakh contracts), then 22,700 and 22,800.3
- IT gap-down risk: Alphabet’s Q3 missed after the US close and Wall Street futures slid, even as Microsoft jumped on a beat — Nifty IT, already −1.98% Wednesday on Infosys, faces a soft open. The Fed held rates at 3.75–4.00%.67
- Jio Platforms debut: Listed at ₹1,358 (+21.36% over the ₹1,119 IPO price) and closed at ₹1,419 (+26.81%), ending day one as India’s second-most valuable listed company (~₹12.6 lakh crore market cap) — the week’s biggest liquidity event, with read-across pressure on parent RIL (−3%).8
- UPI MDR deferred: NPCI has pushed the 0.4% MDR on eligible UPI merchant transactions above ₹2,000 beyond Diwali (was due October 15); a fresh date is yet to be notified. PhonePe’s CEO publicly defended MDR as necessary for a sustainable payments model. The SC challenge remains pending.910
- Paytm: Morgan Stanley estimates the MDR framework could add ~₹900 crore incremental revenue in FY28 and ~₹1,100 crore in FY29 (60–65% flowing to EBITDA); Paytm itself guides to a ~2.5 bps uplift in payments processing margin when MDR lands, on top of the Q2 print (PAT ₹226 crore, revenue +28%, sixth straight quarter of consumer payments share gains).71112
- Pine Labs Q2 today: Street models revenue +22% YoY to ₹790 crore, contribution margin improving to ~74%, GMV +13% to ₹4.8 trillion — Wednesday’s +5.73% run is positioning ahead of the print.5
- Earnings today (Oct 29): Pine Labs, Asian Paints, Coal India, InterGlobe Aviation, Trent, Ambuja Cements, Equitas SFB and ESAF SFB are among the scheduled reporters.13
Sources: NSE India, Yahoo Finance, Google Finance, Moneycontrol, Economic Times Markets, Business Standard, CNBC-TV18, DSIJ. AI-generated, not investment advice. For informational purposes only.
https://upstox.com/news/market-news/stocks/top-gainers-and-losers-oct-28-infosys-ril-shares-fall-3-apollo-hospitals-l-and-t-gain-4/article-202567 ↩︎
https://scanx.trade/stock-market-news/markets/market-today-morning-bell-update-nifty50-share-price-sensex-share-price-crude-fii-gift-nifty-rupee-latest-29-10-2026/54786709 ↩︎ ↩︎
https://www.moneycontrol.com/news/business/markets/trade-setup-for-october-29-top-15-things-to-know-before-the-opening-bell-14062759.html ↩︎ ↩︎
https://univest.in/blogs/why-pine-labs-limited-share-price-rise-today-2026 ↩︎ ↩︎
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-microsoft-jumps-google-servicenow-fortinet-dive-earnings/ ↩︎
https://www.business-standard.com/companies/news/morgan-stanley-turns-bullish-on-paytm-raises-target-35-on-earnings-upside-126102800707_1.html ↩︎ ↩︎
https://www.moneycontrol.com/news/business/ipo/jio-share-price-live-jio-platforms-ipo-jpl-stock-price-listing-today-bse-nse-liveblog-14061676.html ↩︎
https://www.business-standard.com/specials/bs-events/phonepe-sameer-nigam-upi-mdr-payment-charges-foreign-capital-sustainability-126102701588_1.html ↩︎
https://economictimes.indiatimes.com/topic/rupay-aura-india-tour ↩︎
https://www.cnbctv18.com/market/stocks/paytm-q2-results-net-profit-jumps-over-10-fold-to-%E2%82%B9226-crore-revenue-surges-29-20019761.htm ↩︎
https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-dr-reddys-labs-fortis-healthcare-titagarh-rail-hero-motocorp-rr-kabel-meesho-pnb-housing-aeroflex-industries-in-focus-on-29-october-14062861.html ↩︎