Sensex Today | Stock Market Live Updates: Nifty slips below 22,700; Vedanta up 2%

Sensex Today | Stock Market Highlights:  Indian equity benchmarks ended lower on Wednesday, October 28, with the Sensex falling 353 points and the Nifty closing near the 22,700 mark. Broader markets outperformed the benchmarks, while IT stocks remained under pressure amid concerns around global AI earnings.

The Sensex declined 353 points, or around 0.48%, to close at 73,246, while the Nifty fell 51 points, or around 0.22%, to settle at 22,699. The Nifty Bank gained 293 points to 54,267, while the Nifty Midcap index rose 245 points to 57,275.

IT stocks were among the key laggards, with the Nifty IT index falling over 2% as investors tracked global earnings developments in the artificial intelligence space.

Jio Platforms made its stock market debut and became the second-largest company by market capitalisation. The stock closed at ₹1,419 per share, compared with its listing price of ₹1,358, ending at the day’s high. Its market capitalisation crossed ₹13 lakh crore.

The debut also made the Reliance Group the largest conglomerate by market capitalisation.

Among individual stocks, Larsen & Toubro (L&T) rose over 4% after reporting strong second-quarter results and an increase in its order book.

Pharma and healthcare stocks outperformed, with Apollo Hospitals emerging as the top Nifty gainer, rising over 4%. Piramal Pharma surged over 17% following its second-quarter results.

TVS Motor gained nearly 4% after announcing its Q2 results, while Hyundai Motor India pared some of its gains.

CarTrade Tech recorded its biggest-ever single-day decline on an intraday basis following weak second-quarter results.

Watch this space for all the Highlights stock market updates.