Jio IPO bids crossed the ₹1 Lakh Crore Mark, NCDEX Launches Two Equity Indices & More
- PhonePe Invest
- 8 min read
- 22 Oct 2026
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Nifty 50 and Sensex ended lower for the third session in a row. The Nifty midcap index hit a 6-month low. Crude oil prices remained elevated above $112 per barrel. Nifty Pharma, Nifty PSU Bank and Nifty Healthcare closed slightly higer, while all other sectors closed in the red.
Key Indices
Today’s Top News
INDHOTELThe Tata Group company’s shares hit a fresh 52-week high after it reported a strong performance in a seasonally weak september quarter. It also upgraded its full year revenue growth outlook from 12%-14% to 15%-17%.
CHENNPETROThe navratna PSU reported a whopping 212 % year-on-year jump in its net consolidated profit for the second quarter of financial year 2026-27. It also announced ₹25 per equity share interim dividend.
BALKRISINDBalkrishna Industries shares rose after signing a framework agreement with Pirelli Tyre for a proposed 50:50 joint venture in India to manufacture passenger car radial tyres. The deal includes separate offtake and service agreements, supporting Balkrishna’s expansion into the passenger car tyre segment and creating opportunities in domestic and international markets.
SRFThe company’s shares recovered 8% from the day’s lows after it expressed confidence in delivering the upper end of its FY27 guidance for the chemicals business in its earnings conference call. SRF said its two Chemours plants remain on track, with the first expected to be commissioned in the fourth quarter of FY27 and the second in the first quarter of FY28. The company expects the plants to take around 12 months to achieve full ramp-up, with revenue scaling up by FY29.
EMUDHRAeMudhra shares extended losses for a third straight day, falling over 33% across three sessions after CERT-In (Indian Computer Emergency Response Team) issued an urgent advisory regarding a critical security incident involving compromised private keys for eight Certificate Authority certificates.
Broader Market Performance
INDIA VIXToday’s Top Gainers & Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 21 Oct 2026 | 1,022.32 | 1,614.32 |
| 19 Oct 2026 | -1,148.64 | 3,201.19 |
| 16 Oct 2026 | 1,165.92 | -3,661.28 |
| 15 Oct 2026 | -5,285.37 | 3,319.39 |
| 14 Oct 2026 | -1,857.44 | 2,670.44 |
| Month-to-Date | -48,895.33 | 52,983.64 |
What’s Happening In India & Beyond?
- Jio Platforms IPO continued to receive a strong response from investors with total bids crossing the 1 lakh crore mark. It is India’s largest IPO and it also became the fastest in history to reach full subscription for an issue of such magnitude.
- NCDEX on October 22 launched two rule-based equity indices, NDEX and FINNDEX, as the exchange expands into the equity and equity derivatives segments. The indices use a multi-factor methodology that combines free-float market capitalisation, average daily traded value, beta and volatility to select stocks and determine their weights.
- China’s stock market plunged 20% from its peak even after reporting better-than-expected growth numbers. The country’s economy grew 4.5% year-on-year in the July–September quarter, faster than 4.3% in the previous quarter, but retail sales grew just 1.1%, indicating that households are cautious about spending.
- India is focusing on connectivity initiatives such as the International North-South Transport Corridor and the IMEC. Geopolitical tensions have challenged India’s ambitions to establish reliable connectivity with Europe. In contrast, the China-Europe freight network significantly expands trade routes across Eurasia. The expansion provides multiple routes and helps mitigate disruptions in maritime transport.
- The Indian government has introduced new rules to facilitate the testing of telecommunication technologies in controlled environments. These rules provide exemptions from certain regulatory requirements under existing laws aimed at fostering innovation. Regulatory sandboxes will allow for trial of new services under specified conditions before commercial deployment. The government will oversee eligibility criteria and risk management measures for participants.
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Price Band | Minimum Investment |
| Paras Healthcare Ltd. | 21 Oct to 23 Oct, 2026 | ₹1,450 Cr | ₹660 to ₹693 | ₹13,860 |
| Jio Platforms Ltd. | 21 Oct to 23 Oct, 2026 | ₹30,213 Cr | ₹1065 to ₹1119 | ₹12,780 |
| EAAA India Alternatives Ltd. | 26 to 28 Oct, 2026 | ₹1,200 Cr | ₹1585 to ₹1665 | ₹14,265 |
| BLS Polymers Ltd. | 27 Oct to 29 Oct, 2026 | ₹255 Cr | ₹142 to ₹150 | ₹14,200 |
| SFC Environmental Technologies Ltd. | 27 to 29 Oct, 2026. | ₹668 Cr | ₹313 to ₹330 | ₹14,085 |
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