# Tech Selloff And Reliance Drags Push Sensex Down 352 Points To 73,246

> Domestic benchmark indices dropped on Wednesday as heavy selling in Reliance Industries and key IT heavyweights pulled the Sensex and Nifty into negative territory.

**Type:** article · **Category:** Market · **Published:** 2026-10-29 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/aiti-aura-reliance-para-bikavali-ka-dabava-sensex-352-anka-lurhakakara-73-246-para-phisala-52849 · **Language:** English
**Tags:** Stock Market, Sensex, Nifty 50, Reliance Industries, Infosys, Larsen and Toubro, BSE, Indian Equities

Midweek trading brought sharp pressure to domestic financial markets as key equity benchmarks finished in negative territory. By the closing bell, the BSE Sensex tumbled 352.64 points, or 0.48 percent, settling at 73,246.03. Simultaneously, the broader NSE Nifty 50 retreated by 50.90 points, representing a 0.22 percent decline, to finish at 22,698.85. This downward momentum extended the cautious tone from Tuesday, when indices closed with marginal losses, driven largely by sustained selling in heavyweights such as Reliance Industries alongside major information technology counters.

## Mixed Advance-Decline Ratio Across Key Indices
Market breadth painted a contrasting picture across both headline indices during the session. Within the 30-share Sensex, bearish sentiment clearly dominated as only 9 constituents managed to stay in the green, while the remaining 21 stocks closed lower in the red. Conversely, the 50-share Nifty index displayed slightly more resilience under the surface. Out of its 50 basket constituents, 26 stocks finished with gains, whereas 24 ended in the red. However, the sheer weight of major index movers dragged the overall Nifty benchmark into negative territory despite the positive internal breadth.

## Larsen & Toubro Surges While Reliance Slips
Engineering and infrastructure giant Larsen & Toubro (L&T) led the gainers on Wednesday, climbing 3.68 percent to finish as the top performer within the Sensex index. In contrast, the market's largest firm by valuation, Reliance Industries, suffered the sharpest retreat of the day. Shares of Reliance slid 3.46 percent, leading the laggards and putting substantial downward pressure on the headline indices due to its significant market weighting.

## Selective Buying Offers Support Across Pockets
Despite broader weakness, several companies found strong buying interest to cushion the decline. Retail player Trent posted a robust advance of 2.79 percent. State Bank of India added 1.23 percent and Axis Bank rose 1.14 percent, supporting public and private banking counters. Aviation company IndiGo registered a 1.13 percent rise. HDFC Bank gained 0.87 percent, automobile major Maruti Suzuki rose 0.83 percent, non-banking lender Bajaj Finance ticked up 0.47 percent, and Mahindra & Mahindra finished with a modest rise of 0.35 percent.

## Broad Weakness Hits Tech, Telecom, And FMCG Counters
Widespread declines across technology bellwethers formed the core drag on market sentiment. Infosys led the tech retreat with a 3.34 percent slide, followed by Tech Mahindra down 1.83 percent and TCS sliding 1.68 percent, while HCL Tech dropped 1.13 percent. Telecommunications firm Bharti Airtel gave up 1.42 percent and Tata Steel decreased 1.37 percent. Financials experienced further selling as Bajaj Finserv lost 1.25 percent, ICICI Bank fell 1.02 percent, and Kotak Mahindra Bank eased 0.64 percent. Defence PSU BEL declined 1.20 percent, while Eternal slipped 1.21 percent. Consumer goods and defensive stocks also trended lower: Titan lost 0.62 percent, Hindustan Unilever shed 0.38 percent, ITC fell 0.38 percent, UltraTech Cement fell 0.35 percent, NTPC retreated 0.30 percent, Adani Ports eased 0.27 percent, Asian Paints declined 0.24 percent, Power Grid shed 0.16 percent, and Sun Pharma settled 0.11 percent lower.

## What this means for you
Fluctuations in benchmark equity indices and heavy selling across index titans directly affect individual stock portfolios and mutual fund valuations.

- **Across India:** Retail investors and mutual fund unit holders across the country may see a temporary dip in the net asset value of their equity holdings. Investors can track large-cap and tech-focused funds closely before making fresh allocation decisions.
- **For Equity Investors:** Drops of over 3 percent in heavyweight stocks like Reliance and Infosys weigh heavily on large-cap equity portfolios. Shareholders holding direct exposure to these names should monitor support levels and risk exposure.
- **For Infrastructure Shareholders:** The 3.68 percent surge in Larsen & Toubro provided healthy gains to investors positioned in construction and capital goods. This performance highlights relative resilience in select core sectors despite headline declines.
- **For Short-Term Traders:** The slide toward 73,246 on the Sensex and 22,698 on the Nifty signals continued market volatility in upcoming sessions. Market participants should manage leverage and maintain disciplined stop-loss boundaries.

## Why this happened
The decline in domestic benchmark indices on Wednesday was primarily driven by sharp selling in heavyweight stocks and widespread weakness across the information technology sector. Following mild losses on Tuesday, the market struggled to regain positive momentum amid persistent institutional pressure on top index components.

- **Steep Fall in Reliance Industries:** Shares of Reliance Industries dropped 3.46 percent during Wednesday's session. Due to its dominant weighting on the benchmark indices, this single decline exerted substantial downward drag.
- **Widespread Technology Sector Selling:** Leading IT counters faced significant selling, with Infosys sinking 3.34 percent, Tech Mahindra shedding 1.83 percent, and TCS dropping 1.68 percent. Weakness across software services eroded index points throughout the day.
- **Negative Breadth Among Top Stocks:** In the 30-share Sensex, 21 stocks closed lower, reflecting broad-based selling across blue chips. Even though counters like Larsen & Toubro and Trent gained, their advances were insufficient to counter the drag from top heavyweights.

## Questions & Answers

### 1. At what levels did the Sensex and Nifty close on Wednesday, 28 October 2026?
The BSE Sensex dropped 352.64 points (0.48%) to 73,246.03, while the NSE Nifty fell 50.90 points (0.22%) to 22,698.85.

### 2. Which stock was the top gainer on the Sensex?
Larsen & Toubro (L&T) was the top gainer, advancing 3.68 percent during the trading session.

### 3. Which company recorded the largest loss among Sensex constituents?
Reliance Industries saw the steepest drop, sliding 3.46 percent to finish as the biggest laggard.

### 4. How did major IT stocks perform during the session?
Infosys declined 3.34 percent, Tech Mahindra lost 1.83 percent, TCS slipped 1.68 percent, and HCL Tech dropped 1.13 percent.

### 5. How many stocks finished higher on the Sensex and Nifty?
On the Sensex, 9 out of 30 stocks closed in the green, while 26 out of 50 stocks advanced on the Nifty.

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