Indian stocks rebound as crude eases; Dr Reddy’s jumps
Indian equities rebounded on 26 Oct 2026 as Brent crude eased, with the Nifty rising 0.68% to ₹22,753. Dr. Reddy’s gained 6.62% despite a 31% profit decline, while JSW Steel rose 6% and Shriram Finance fell 5%.
pre-market1 source ↓machine-written, see hownot a recommendation
- NIFTY close
- ₹22,753
- On the day
- +0.68%
- 52-week high
- ₹23,489
- 52-week low
- ₹22,180
Indian equities rebounded on 26 Oct 2026 as easing Brent crude prices supported buying across the market. The Sensex gained 482.92 points, or 0.66%, to close at 73,606.75, while the Nifty 50 advanced 153.20 points, or 0.68%, to 22,753.20. OI Charts data showed the Nifty closing at ₹22,753, with volume of 310,215,880 shares. The index remained down 2.5% over 20 sessions but was up 0.6% across five sessions, showing a short-term recovery after the previous week’s decline 📈.
The rebound followed the earlier pressure from elevated crude prices, as lower oil prices reduced immediate concerns around India’s import bill, inflation and corporate margins. Buying was also reported in tourism stocks. However, the market’s recovery remained uneven: Dr. Reddy’s Laboratories rallied 6.62%, JSW Steel gained 6% and Shriram Finance fell 5%, according to the Upstox report. The moves show that stock-specific earnings and sector positioning continued to influence trading alongside the broader crude-led sentiment.
Dr. Reddy’s rise came despite a 31% year-on-year decline in consolidated net profit to ₹925 crore in Q2 FY27 from ₹1,347.1 crore a year earlier. The reaction puts attention on how investors are weighing earnings quality, expectations and sector-specific factors rather than headline profit alone 💊. Steel and financial stocks also remained important indicators of whether the rebound can broaden beyond selected gainers.
Key points:
• Nifty +0.68% on 26 Oct, while the index remained 2.5% lower over 20 sessions, based on OI Charts data.
• Net profit down 31% at Dr. Reddy’s, even as the stock led the Nifty gainers with a 6.62% rise.
• Brent crude eased, improving sentiment after oil prices had contributed to the previous week’s equity selloff ⚡.
Traders will watch whether crude remains softer, whether the Nifty can sustain levels above the recent ₹22,180 52-week low, and whether upcoming earnings support wider participation. The next sessions will also show whether the one-day rebound extends to financials, metals and smaller companies, or remains concentrated in selected stocks.
Source: Upstox, 26 Oct 2026
Not investment advice. For informational purposes only.