BSE Sensex closes 0.5 percent lower as oil and IT stocks drag
Published on 10/28/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFed focus follows crude spike
- The BSE Sensex closed at 73,246 points on October 28, down 353 points or 0.5 percent.
- Brent crude traded at USD 114.45 as Nifty IT fell 2.0 percent.
- Larsen & Toubro gained 3.7 percent, while Infosys lost 3.3 percent.
- The Federal Reserve decision is due October 28 at 2:00 p.m. ET.
On October 28, the BSE Sensex closed at 73,246 points, down 353 points or 0.5 percent, Moneycontrol reported. Brent crude traded at USD 114.45, while the Nifty IT index fell 2.0 percent, India Today said.
Larsen & Toubro gained 3.7 percent after quarterly profit rose 33 percent. Infosys lost 3.3 percent as technology stocks faced broad selling pressure, India Today reported.
Why did the BSE Sensex fall on October 28?
Oil and information technology stocks led the decline. The Nifty Oil and Gas index fell 2.3 percent, while Brent crude remained above USD 114.45. Selling intensified as investors assessed the Federal Reserve's policy outlook and the effect of rates on technology spending.
Oil prices also reflected renewed supply concerns after attacks on Saudi Arabian facilities. The market link to the Sensex was described by India Today. The Federal Reserve was scheduled to announce its decision at 2:00 p.m. ET, followed by a news conference at 2:30 p.m. ET, Yahoo Finance reported.
Winners and losers in the BSE Sensex
Reported Sensex constituent moves at the close came from India Today:
- Larsen & Toubro up 3.7 percent: quarterly profit increased 33 percent.
- Trent up 2.8 percent.
- State Bank of India up 1.2 percent.
- Infosys down 3.3 percent.
- Tech Mahindra down 1.8 percent.
- Tata Consultancy Services down 1.7 percent.
BSE Sensex recovers from a 72,604-point low
The index opened at 73,253 points and reached a high of 73,525 points. It then fell to 72,604 points before recovering part of the loss by the close, according to Moneycontrol.
Oil and the rupee shape the market backdrop
The Indian rupee closed at 95.23 per USD. India VIX, the market's volatility gauge, declined 0.3 percent to 16.36. Auto, pharma and financial stocks provided support, while the broader market showed stronger midcap and small-cap performance.
What comes next for the BSE Sensex
- October 28, 2026, 2:00 p.m. ET: Federal Reserve interest-rate decision, with markets expecting the target range to remain at 3.75 percent to 4.00 percent, Yahoo Finance reported.
- October 28, 2026, 2:30 p.m. ET: Federal Reserve Chair Kevin Warsh's press conference, Yahoo Finance reported.
- October 28, 2026, 4:00 p.m. IST: India's September industrial output release, with a 7.3 percent growth forecast versus 8.0 percent previously, Finimize reported.
- October 29, 2026, 9:15 a.m. IST: The next BSE Sensex session begins, with Asian Paints, Coal India, IndiGo and Trent among companies scheduled to report results, Arthdrishti reported.
BSE Sensex price data for October 28, 2026
The BSE Sensex closed at 73,246 points on October 28, 2026, at 3:30 p.m. IST, down 353 points or 0.5 percent from 73,599 points on October 27. It opened at 73,253 points and traded between 72,604 and 73,525 points, according to Moneycontrol.
BSE Sensex by the numbers on October 28, 2026
- Index: BSE Sensex
- Home exchange: BSE, India
- Close on October 28, 2026: 73,246 points
- Change versus previous close of October 27, 2026: down 353 points (down 0.5 percent)
- Previous close: 73,599 points
- Open: 73,253 points
- Day high / day low: 73,525 points / 72,604 points
- Top gainer: Larsen & Toubro up 3.7 percent
- Top loser: Infosys down 3.3 percent
- Next scheduled event: October 28, 2026, 2:00 p.m. ET: Federal Reserve interest-rate decision
