Indian equity markets enter Friday, October 23, after declining for a third consecutive trading session. On Thursday, the Nifty 50 fell 123.70 points, or 0.54%, to close at 22,687.65, while the BSE Sensex declined 460.30 points, or 0.62%, to settle at 73,249.39. Rising crude oil prices, geopolitical tensions and selling across major sectors weighed on sentiment. The Nifty Midcap 100 declined 0.87%, while the Nifty Smallcap 100 lost 1.14%, reflecting broader selling pressure.
FMCG, information technology and automobile stocks were among the sectors under pressure. Brent crude traded around $111 per barrel amid renewed concerns about Middle Eastern supply disruptions, increasing uncertainty over energy costs and inflation. Investors entering Friday’s session will focus on September-quarter earnings and management commentary from major companies across technology, banking, pharmaceuticals, metals and energy.
FII/DII Activity – October 22, 2026
| Investor Category | Gross Purchases | Gross Sales | Net Activity |
|---|---|---|---|
| FII/FPI | ₹13,627.54 crore | ₹17,086.24 crore | -₹3,458.70 crore |
| DII | ₹16,242.83 crore | ₹13,351.51 crore | +₹2,891.32 crore |
Foreign institutional investors remained net sellers in the cash market on Thursday, while domestic institutions continued buying. Domestic purchases partially offset foreign outflows but did not prevent the benchmark indices from declining. The latest figures indicate that institutional activity remains an important factor in market sentiment.
Stocks to Watch Today – Quick Summary
| Stock | Why It Is in Focus |
|---|---|
| Infosys | Q2 FY27 results and interim dividend consideration |
| Coforge | September-quarter results scheduled |
| Dr. Reddy’s Laboratories | Pharmaceutical earnings announcement |
| BPCL | Refining and fuel-marketing results |
| JSW Steel | Quarterly earnings and steel margins |
| IndusInd Bank | Banking results and asset quality |
| Shriram Finance | Quarterly results and interim dividend consideration |
| Adani Power | Power-generation earnings |
| CG Power | Electrical equipment and industrial earnings |
| Torrent Pharmaceuticals | September-quarter results |
Infosys
Infosys will announce its financial results for the quarter ended September 30, 2026, on Friday, October 23. The company has scheduled management commentary at 4:30 PM IST and an earnings conference call at 6 PM IST. Investors will examine constant-currency revenue growth, operating margins, large-deal bookings and the company’s outlook for the remainder of FY27. Demand from financial services, manufacturing and retail clients will remain important. The board is also scheduled to consider an interim dividend. Any changes to revenue guidance will provide further insight into global enterprise technology spending.
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Coforge
Coforge is scheduled to announce its September-quarter financial results today. The IT services company operates across industries including banking, financial services, insurance and travel. Investors will examine revenue growth, operating margins, contract bookings and the contribution from its expanding technology-services portfolio. Management commentary on client spending, project execution and business integration will help clarify the company’s operating outlook. The results will also provide another perspective on demand for digital transformation and technology outsourcing services.
Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories is scheduled to release its quarterly earnings on October 23. Investors will monitor revenue across North America, India and other international markets, alongside operating margins and research expenditure. The pharmaceutical business is influenced by product launches, competition in generic medicines, regulatory requirements and currency movements. Management commentary on its product pipeline and manufacturing operations will provide additional context. The results will help investors assess how performance across different markets is contributing to overall profitability.
Bharat Petroleum Corporation
Bharat Petroleum Corporation Limited is scheduled to report its September-quarter financial results today. Investors will examine refining margins, fuel-marketing profitability, inventory effects and operating expenses. International crude oil prices are an important consideration because they influence feedstock costs and the economics of petroleum-product sales. Management commentary on refinery utilisation, capital expenditure and domestic fuel demand will help clarify operating performance. With energy prices elevated, BPCL’s earnings will provide insight into the financial conditions facing India’s oil-marketing companies.
JSW Steel
JSW Steel will announce its September-quarter results on October 23. Investors will focus on steel production, sales volumes, domestic price realisations, raw-material costs and operating margins. The steel industry remains sensitive to global commodity prices, imports, infrastructure spending and manufacturing demand. Management commentary on capacity expansion and capital expenditure will provide further information about the company’s operating priorities. The results will also offer an indication of demand and pricing conditions across India’s steel industry.
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IndusInd Bank
IndusInd Bank is scheduled to release its September-quarter financial results today. Investors will examine net interest income, loan growth, deposit mobilisation, provisions and asset quality. Funding costs and credit performance remain important considerations for the banking sector. Management commentary on lending demand, operating expenses and the composition of the loan portfolio will provide additional context. The results will contribute to the broader assessment of private-sector banking profitability during the current earnings season.
Shriram Finance
Shriram Finance is scheduled to announce its September-quarter financial results on October 23, with an interim dividend also listed for consideration. Investors will monitor assets under management, net interest income, collection performance, provisions and borrowing costs. The company’s lending operations are closely connected to commercial vehicles, passenger vehicles and other retail-financing segments. Management commentary on credit demand and asset quality will help clarify operating conditions. Any dividend decision will require confirmation through the company’s official announcement.
Adani Power
Adani Power is scheduled to report its quarterly financial results today. Investors will examine electricity generation, plant utilisation, revenue, fuel costs and operating profitability. Thermal power producers are influenced by electricity demand, coal availability, fuel prices and contractual arrangements. Management commentary on generating capacity, project execution and long-term power-purchase agreements will provide further context. The results will offer insight into the company’s performance during a period of continuing investment in India’s electricity infrastructure.
CG Power and Industrial Solutions
CG Power and Industrial Solutions is scheduled to announce its September-quarter results on October 23. The company operates in electrical equipment and industrial systems, with business demand connected to manufacturing, power infrastructure and capital expenditure. Investors will examine revenue growth, operating margins, order execution and capacity utilisation. Management commentary on electrical equipment demand and expansion projects will help clarify the company’s business outlook. The results will provide another indication of investment activity across India’s industrial and infrastructure sectors.
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Torrent Pharmaceuticals
Torrent Pharmaceuticals is scheduled to release its quarterly financial results today. Investors will monitor domestic pharmaceutical sales, international operations, operating margins and profitability. Product mix, manufacturing expenses and regulatory developments can influence earnings across pharmaceutical markets. Management commentary on domestic prescription demand, international business performance and product launches will provide additional context. The results will help investors evaluate the company’s operating performance across its established pharmaceutical businesses.
What Investors Will Watch Today
Friday’s trading session brings a concentrated earnings calendar, with Infosys, Coforge, Dr. Reddy’s Laboratories, BPCL, JSW Steel, IndusInd Bank, Shriram Finance, Adani Power, CG Power and Torrent Pharmaceuticals scheduled to announce financial results.
The market will also assess corporate developments announced after Thursday’s trading session, alongside changes in crude oil prices and global equities. Foreign institutional selling remains a concern, while domestic institutions continue providing buying support. With benchmark indices declining for three consecutive sessions, quarterly earnings and management guidance will remain central to company-specific market activity.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any stock. Onetrader is not registered with SEBI as an investment adviser or research analyst. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions.
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