The key equity benchmarks hovered around the flat line in mid-morning trade on Monday as investors remained cautious amid the ongoing Q2 earnings season. The Nifty traded above the 22,600 level, indicating a lack of strong directional cues in the market.

Metal shares witnessed value buying after declining for four consecutive trading sessions

At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 31.28 points or 0.04% to 73,155.11. The Nifty 50 index added 7.70 points or 0.03% to 22,607.70.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.16% and the Nifty SmallCap 250 Index jumped 0.26%.

The market breadth was positive. On the NSE, 1,777 shares rose and 1,615 shares fell. A total of 100 shares were unchanged.

Initial Public Offer (IPO) :

EAAA India Alternatives received bids for 82,089 shares as against 52,99,684 shares on offer, according to stock exchange data at 11:25 IST on 26 October 2026. The issue was subscribed 0.02 times. The issue opened for bidding on 26 October 2026 and will close on 28 October 2026. The price band of the IPO is fixed between Rs 1,585 and 1,665 per share. An investor can bid for a minimum of 9 equity shares and multiples thereof.

Buzzing index:

The Nifty Metal index jumped 0.76% to 11,564.95. The index dropped 5.40% in the past four consecutive trading sessions.

JSW Steel (up 2.68%), APL Apollo Tubes (up 1.87%), National Aluminium Company (up 1.56%), Hindalco Industries (up 1.54%) and Jindal Steel (up 1.19%), Vedanta Aluminium Metal (up 0.97%), Hindustan Copper (up 0.94%), Adani Enterprises (up 0.74%), Tata Steel (up 0.39%) advanced.