Updated on: Oct 21, 2026, 09:19:35 IST By HT Business Desk Prefer HTon Google Share via Copy link Sensex and Nifty higher on Wednesday, with attention turning to the launch of Jio Platforms' record IPO, although elevated crude oil prices could limit gains.
Jio Platforms, telecoms, cloud and AI group raised $853.3 million (approximately Rs8,106.35 crore) from marquee anchor investors (REUTERS) Positive sentiments over a potential US-India trade deal were also expected to support investor sentiment.
US Secretary of State Marco Rubio told CNN News18 on Tuesday that he expected Washington and New Delhi to reach a trade deal within weeks, rather than months.
GIFT Nifty futures stood at 23,017 at 7:57 am, signalling a positive opening for the benchmark Nifty 50, which closed at 22,888.95 on Monday, according to figures cited in a Reuters report.
Stock markets remained closed on Tuesday in view of Dusshera.
The Nifty 50 and BSE Sensex fell more than a per cent each on Monday after private lenders HDFC Bank and Axis Bank reported lower net interest margins over the weekend.
The telecoms, cloud and AI group raised $853.3 million (approximately Rs8,106.35 crore) from marquee anchor investors, including Abu Dhabi Investment Authority, BlackRock and Fidelity, ahead of what is set to be India's record IPO.
Shares of Bajaj Finance were also in focus after the non-bank lender reported a 28.7 per cent year-on-year increase in quarterly profit on Monday, supported by strong loan-book growth.
However, elevated crude oil prices were expected to impact market sentiment.
Oil prices were also in focus after Brent crude futures rose more than a per cent to $110 a barrel, with investors wary of disruptions to Red Sea shipping and threats to oil infrastructure in Saudi Arabia.
Higher oil prices are negative for India, which imports a bulk of its energy requirements, as they can increase the import bill, strain the fiscal deficit and hurt corporate profits.
ABOUT THE AUTHOR HT Business Desk The HT Business Desk provides comprehensive coverage of the Indian and global financial markets.
Based in Mumbai and New Delhi, the team tracks everything from Sensex and Nifty movements to the latest from India Inc., trade deals, and macroeconomic policy.
