Business
Jio Platforms shares in focus as IPO debuts today; Sensex drops 618 points, Nifty falls below 22,600
By: Hindustan Times Business
Published: 28 October 2026
Photo / Illustration: Haldwani Times News Desk
<p>Both Sensex and Nifty opened lower on Wednesday as investors tracked the stock market debut of Reliance-backed Jio Platforms. The BSE Sensex fell 617.84 points, or 0.84%, to 72,980.83, while the NSE Nifty dropped 164 points, or 0.72%, to 22,585.75.</p>
<p>Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai. (Bloomberg)Jio Platforms’ listing is a key focus for investors, with market participants watching its debut performance amid heightened attention on the initial public offering (IPO). The stock’s listing price and early trading trend will be closely watched for indications of investor appetite for large new listings.</p>
<p>The weak opening came as GIFT Nifty signalled a cautious start for domestic equities ahead of the US Federal Reserve’s policy decision later in the day. Investors are also monitoring elevated crude oil prices and global market cues.</p>
<p>The Sensex and Nifty ended nearly flat on Tuesday after a volatile session, as profit-taking in information technology and banking stocks offset gains in other sectors.</p>
<p>The 30-share BSE Sensex fell 8.08 points, or 0.01%, to close at 73,598.67. The 50-share NSE Nifty declined 3.45 points, or 0.02%, to settle at 22,749.75.</p>
<p>Broader markets outperformed the benchmarks, with the BSE SmallCap Select index rising 2.59% and the MidCap Select index gaining 0.88%. Healthcare, telecommunications, utilities, realty and automobile stocks advanced, while banking and IT shares faced selling pressure.</p>
<p>Elevated crude oil prices and caution ahead of the US Federal Reserve’s interest-rate decision continued to weigh on sentiment. Foreign institutional investors sold equities worth ₹1,462.49 crore on Monday, according to exchange data.</p>
<p>Asian markets traded broadly higher on Wednesday, providing some support to sentiment even as domestic benchmarks opened lower.</p>
<p>South Korea’s Kospi surged 4.93% to 5,917.21, while Japan’s Nikkei 225 rose more than 1% to 64,012.40. Taiwan’s Taiex also advanced, rising as much as 1.69%.</p>
<p>On Wall Street, semiconductor and chipmaker stocks led gains on Tuesday. The S&P 500 rose 0.6%, while the Nasdaq Composite gained 1.2%. The Dow Jones Industrial Average ended nearly unchanged, weighed down by an 11% plunge in Boeing shares.</p>
<p>Investors will look for cues from the US Federal Reserve’s policy announcement, particularly its signals on the interest-rate outlook and the implications for global capital flows.</p>
<p>Abhimanyu Kulkarni has spent over a decade in newsrooms and currently heads the online news desk. He orchestrates the daily narrative of the digital newsroom, managing the homepage, planning long-term news events and writing about India and the World. Abhimanyu excels in high-pressure environments, thriving particularly when navigating the complexities of major breaking news cycles. His strategic approach to digital journalism combines a meticulous eye for detail with a broad vision for organizational growth. Beyond managing the immediate news flow, he is the primary architect for the outlet’s long-term editorial initiatives, ensuring that every project meets the highest standards of journalistic integrity and audience engagement. Expertise & Beat National Affairs: Comprehensive coverage of Indian politics, policy shifts, and election cycles. Geopolitics & World News: Analysis of international relations and global conflict. Beyond the Newsroom Abhimanyu’s professional drive is mirrored by his passion for the pulse of the world; where others see the chaos of a breaking story, he finds a compelling narrative. This innate curiosity about global structures ensures he brings a grounded, human perspective to every headline he manages.Read More</p>
