Indian equities rebound as pharma stocks lead recovery

Indian equities recovered on 26 Oct 2026 as buying in pharmaceutical, healthcare and metal stocks helped reverse the morning weakness. The BSE Sensex closed just above 73,600 after rising close to 500 points, while the Nifty 50 settled above 22,750 after gaining more than 150 points, according to ABP Live English.

OI Charts data showed the Nifty closing at ₹22,753, up 0.68% on the session, with traded volume of 310,215,880. The index remained down 2.5% over 20 sessions, although its five-session gain reached 0.6%. Its latest close was above the 22,750 level highlighted in the market report but remained within a 52-week range of ₹22,180 to ₹23,489 📈.

The session marked a change in leadership from the earlier pressure caused by elevated crude prices, foreign fund outflows and global weakness. Nifty Pharma and Nifty Healthcare each rose more than 1% in afternoon trade, while the Nifty Metal index also advanced. Pharma and healthcare strength provided support to the broader market 💊, while gains in metals added to the recovery across selected cyclical pockets.

The move was not uniform. Nifty PSU Bank and Nifty FMCG faced the steepest pressure, pointing to sector rotation rather than a broad-based advance across every segment. The mixed performance keeps attention on whether buying expands beyond the day’s leading groups and whether the recovery persists through the September-quarter earnings season.

Investors are also tracking crude oil prices, global market cues and tensions in West Asia because renewed cost or risk pressures could test the rebound. The next signals are the Nifty’s ability to hold above 22,750, the index’s recent low of ₹22,180, fresh earnings updates and foreign-flow data. The session’s recovery followed the earlier bulletin’s report of a weekly selloff, but OI Charts data still showed the benchmark below its level from 20 sessions earlier ⚙️.

Source: ABP Live English, 26 Oct 2026

Not investment advice. For informational purposes only.