Market snapshot
Nifty 5022,687.65-0.88%
Sensex73,249.39-0.82%
Bank Nifty54,925.70-1.01%
Previous close · 22 Oct 2026 · Nifty is trading at the 11th percentile of its range over the last 252 sessions.
Yesterday, Indian markets extended their losing streak to eight weeks, marking the longest period of decline in 25 years, driven by global economic pressures and domestic challenges like inflation. The depreciation of the rupee further compounded investor concerns, highlighting the economic fragility. Despite positive institutional buying, narrow market breadth indicated a lack of broad-based investor confidence. The IT sector was a rare bright spot, managing gains despite the broader market downturn.
The big story
Markets reel for 8th straight week, longest losing streak in 25 years; rupee slips 50 paise
Markets experience the longest losing streak in 25 years, rupee weakens.
News
The minutes from India's rate-setting panel indicate a cautious approach to further interest rate hikes, emphasizing the need to avoid an aggressive cycle.
Carlsberg is nearing the filing of an IPO for its Indian unit, aiming to raise approximately US$700 million.
The Jio IPO has seen robust demand, with all portions fully subscribed and Qualified Institutional Buyers leading with 13 times the demand, resulting in an overall subscription of 5.5 times.
Indian shares are expected to open higher after three sessions of losses, although rising oil prices due to Middle East tensions may limit gains.
Oil prices steadied after a 4% surge to a five-month high, while gold prices remained near their lowest in over three months amid mixed commodity market trends.
Stocks Updates
Bajaj Finance: allotted NCDs worth ₹2,120 crore at a Zero Coupon, maturing in October 2031.
ETERNAL: approved a Business Transfer Agreement to transfer the Going-out India business to its subsidiary, Zomato Entertainment Private Limited.
Larsen & Toubro: secured an order for constructing two buildings with a total built-up area of 32.8 lakh sq. ft. in New Delhi.
360 ONE WAM: allotted 2,05,02,939 equity shares to UBS AG upon conversion of warrants.
Sammaan Capital: made timely payment of interest on Unsecured Redeemable NCDs issued through Public Issue.
Sammaan Capital: made timely payment of interest on Secured Redeemable NCDs issued through Public Issue.
Sammaan Capital: trading in certain NCDs will be suspended from October 23, 2026, due to maturity.
FII / DII activity
FIIBought ₹1,022.32 Cr
DIIBought ₹1,614.32 Cr
FIIs bought ₹1,022.32 Cr, DIIs bought ₹1,614.32 Cr. Flows were routine in size. (as of 2026-10-21)
Market breadth
Nifty 500
Advances125
Declines373
A/D ratio0.34
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
IT+1.79%
Pharma-0.07%
PSU Bank-0.44%
Infra-0.86%
Bank-1.01%
Fin Services-1.32%
Realty-1.54%
FMCG-1.98%
Metal-2.22%
Auto-2.27%
Media-2.35%
Energy-2.43%
Leaders: IT, Pharma · Laggards: Energy, Media
Top gainers and losers
Gainers
KAYNES₹3,294.00+4.07%
INDHOTEL₹782.30+3.89%
POLICYBZR₹1,037.90+2.97%
BAJAJHLDNG₹11,293.00+2.90%
UJJIVANSFB₹61.99+2.55%
Losers
KEI₹3,873.00-8.45%
SWIGGY₹211.40-5.48%
KALYANKJIL₹530.40-4.78%
OFSS₹9,843.00-4.09%
MAZDOCK₹1,922.30-3.76%
Commodities & forex
🪙 Gold (10g)₹1,43,303.00flat
🥈 Silver (1kg)₹1,99,917.00-4.42%
USD/INR94.31-0.43%
Global cues
S&P 5007,663.43-0.64%
Nasdaq26,008.86-1.57%
S&P 500 futures7,800.25+0.58%
Nasdaq futures30,007.00+1.12%
The S&P 500 and Nasdaq ended sharply lower as revived doubts about AI sparked a selloff in tech stocks, according to Reuters.
E-mini S&P 500 futures fell 1.5% as the technology sector led the market drop, reports CME Group.
The Wall Street Journal reports that U.S. stocks fell as the tech selloff deepened.
CNBC notes that the 10-year Treasury yield tumbled below 5% to its lowest level in nearly a month.
CBS News highlights that the Nasdaq dived more than 750 points amid investor concerns that massive AI spending may not pay off.
Technical levels
Nifty support22,566.67 / 22,445.68
Nifty resistance22,796.82 / 22,905.98
Bank Nifty support54,545.22
Bank Nifty resistance55,220.32
Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.
Corporate actions
Upcoming dividends
360 ONE WAM
Interim dividend ₹7.50/sh · ex 23 Oct
Tech Mahindra
Interim dividend ₹15.00/sh · ex 23 Oct
Indian Railway Finance Corporation
Interim dividend ₹1.15/sh · ex 23 Oct
Earnings calendar
Adani Power Limited2026-10-23
Atul Limited2026-10-23
Bank of India2026-10-23
Bharat Petroleum Corporation Limited2026-10-23
Term of the day
Stamp duty on equity
Stamp duty is a distinct levy on specified securities transfers, separate from brokerage, STT, and CTT.