Indian markets rebound sharply as Nifty hits 22,753 on Oct 26

Indian equity markets bounced back on October 26, 2026, as the Nifty 50 rose 153.20 points to end at 22,753.20 and the Sensex gained 482.92 points to close at 73,606.75. ## Market Move The session opened cautiously because crude oil prices were high, geopolitical tensions were present, and global central bank policies were uncertain. Value buying at lower levels and better sentiment in select sectors pushed the market up from early losses. ## Sector Highlights Metals and pharmaceuticals drove the rally, with the Nifty Metal and Nifty Pharma indices each climbing close to 2%. Healthcare stocks also attracted strong buying, while media and consumer durable stocks lagged. Mid‑cap and small‑cap indices outperformed, posting gains of 1.19% and 1.38% respectively. ## Stock Picks Market expert Raja Venkatraman, co‑founder of NeoTrader, recommended three stocks for October 27: SAILIFE – buy above ₹1,450, stop ₹1,380, target ₹1,575; ACE – buy above ₹1,020, stop ₹978, target ₹1,135; LT – buy above ₹3,700, stop ₹3,575, target ₹4,010. He listed them as multiday trades. ## Technical Outlook Nifty reclaimed its 20‑day moving average and closed near the day’s high, suggesting short‑term momentum. Analysts watch the 22,300–22,400 zone for support and 22,800–23,000 for resistance. Despite the rebound, elevated crude prices, geopolitical uncertainty and central bank decisions keep caution advised. ## Context The market’s mixed signals reflect ongoing global risks that can swing investor sentiment quickly, especially as the options expiry period ends.