Stock market today: Sensex, Nifty recover as Dr. Reddy’s jumps 7%

Equity benchmarks staged a sharp intraday recovery on Monday, October 26, 2026, reversing early losses to trade firmly in positive territory by afternoon. The Sensex, which had opened at 72,990.04 against a previous close of 73,123.83 and dropped to 72,650.62 at the open, recovered to 73,443.56, a gain of 319.73 points or 0.44 per cent, by 2.31 pm. The Nifty 50, which had opened at 22,524.40 and slipped to 22,438.70 in early trade, turned positive to reach 22,698.85, up 98.85 points or 0.44 per cent, at the same time.

Fresh buying, short covering lift markets

The turnaround was driven by fresh buying and short covering in pharmaceuticals, metals, realty, private-sector banking and oil and gas. “Indian equity benchmarks recovered from their intraday lows after a cautious opening, as fresh buying and short covering in select heavyweights supported a recovery,” said Ponmudi R, CEO of Enrich Money. Broader markets also participated, with the Nifty Midcap 100 gaining 0.42 per cent and the Nifty Smallcap 100 rising 0.59 per cent, snapping back from last week’s steep declines of 5.6 per cent and over 7 per cent, respectively.