Stock Market Today 23 Oct: Nifty Falls 0.39% to 22,600
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In short: The Nifty 50 lost 87.65 points (−0.39%) to 22,600.00 and the Sensex fell 125.56 points (−0.17%) to 73,123.83. Bank Nifty lost 1.16%. and Nifty Metal the weakest (−2.71%). Market breadth was negative: 347 stocks rose and 2,554 fell.
Today at a glance
| Index | Close | Change (pts) | Change (%) |
|---|---|---|---|
| Nifty 50 | 22,600.00 | −87.65 | −0.39% |
| Sensex | 73,123.83 | −125.56 | −0.17% |
| Bank Nifty | 54,287.35 | −638.35 | −1.16% |
| India VIX | 16.86 | +1.10 | +6.96% |
| Broader market | Change (%) |
|---|---|
| Nifty Midcap 100 | −2.21% |
| Nifty Smallcap 100 | −2.94% |
Market breadth: 347 stocks rose and 2,554 fell on NSE (main equity segment).
This week
| Index | Last week's close | This week's close | Weekly change |
|---|---|---|---|
| Nifty 50 | 22,997.35 | 22,600.00 | −397.35 (−1.73%) |
| Bank Nifty | 55,810.50 | 54,287.35 | −1,523.15 (−2.73%) |
Sector performance
| Sector | Change (%) |
|---|---|
| Nifty IT | −0.27% |
| Nifty Auto | −0.60% |
| Nifty Oil & Gas | −0.62% |
| Healthcare | −0.83% |
| Nifty FMCG | −0.99% |
| Financial Services | −1.03% |
| Nifty Pharma | −1.04% |
| Nifty Bank | −1.16% |
| Nifty Media | −1.33% |
| Nifty Energy | −1.66% |
| Nifty PSU Bank | −2.26% |
| Nifty Realty | −2.38% |
| Consumer Durables | −2.63% |
| Nifty Metal | −2.71% |
Top gainers and losers (Nifty 50)
| Top gainers | Close (₹) | Change (%) |
|---|---|---|
| Eternal | 317.40 | +4.25% |
| Apollo Hospitals Enterprise | 7,730.00 | +1.65% |
| Oil & Natural Gas Corporation | 227.50 | +1.11% |
| Asian Paints | 2,307.00 | +0.97% |
| Tata Consultancy Services | 2,530.00 | +0.92% |
| Top losers | Close (₹) | Change (%) |
|---|---|---|
| Shriram Finance | 865.00 | −3.98% |
| Adani Enterprises | 2,477.00 | −2.86% |
| JSW Steel | 1,185.50 | −2.83% |
| Jio Financial Services | 205.03 | −2.74% |
| Tata Steel | 167.67 | −2.70% |
FII and DII (provisional, cash market)
| Investor | Net (₹ crore) |
|---|---|
| FII / FPI | +888 |
| DII | +3,235 |
Market Mood: 35/100 (Fear). See the Market Mood Meter.
In the news today
- Nifty Outlook for October 26: 22,200 key support as crude oil tops $117; Fed policy, earnings in focus
- Bank Nifty tumbles nearly 3%, slips below 55k: More selling pressure ahead for banking stocks? Check key levels to watch
- Who is Kuldeep Sehrawat? Former IBM executive joins Wipro as director and head of marketing for India
- Nifty bears tighten grip as crude, geopolitical risks, FII outflows mount: 5 factors to decide D-Street’s fate next week
- Tata Sons listing latest news: How RBI Governor Sanjay Malhotra's first public comment dispels doubts on Sept 11 order
- FPIs withdraw Rs 48,056 cr from equities in Oct so far amid elevated crude oil prices
Results
Results with numbers today (51):
| Company | What the result shows (vs a year ago) | Stock today |
|---|---|---|
| 🟢 Infosys | profit ₹7,823 cr (+6.2%) · revenue +10.7% | +0.0% |
| 🟢 Shriram Finance | profit ₹3,684 cr (+59.2%) · revenue +15.8% | −4.0% |
| 🟢 Adani Power | profit ₹6,919 cr (+134.3%) · revenue +44.5% | −1.7% |
| 🟢 Coforge | profit ₹1,420 cr (+278.0%) · revenue +193.5% | −0.4% |
| 🔴 Dr. Reddy S Laboratories | profit ₹925 cr (-31.3%) · revenue -1.5% | −0.8% |
| 🟢 Cg Power And Ind Sol | profit ₹412 cr (+2159.0%) · revenue +30.1% | −0.5% |
| ⚪ Tata Motors | profit ₹1,257 cr · revenue +36.3% | −4.4% |
| 🟢 Oracle Fin Serv Soft | profit ₹702 cr (+28.6%) · revenue +6.6% | −1.7% |
| ⚪ Indusind Bank | profit ₹1,176 cr · NII +3.6% | −1.8% |
| 🟢 Jsw Steel | profit ₹5,279 cr (+225.3%) · revenue +20.7% | −2.8% |
| 🟢 Sterlite Technologies | profit ₹517 cr (+1746.4%) · revenue +144.6% | +3.2% |
| 🔴 Bharat Petroleum Corp Lt | profit ₹4,863 cr (-21.5%) · revenue +29.8% | −1.7% |
Due 24 Oct – 26 Oct (82): Kotak Mahindra Bank, One 97 Communications, Netweb Technologies India, Ather Energy, Apollo Micro Systems, REC, Sona BLW Precision Forgings, SMC Global Securities
Full list: Results calendar.
IPO watch
- EAAA India Alternatives (Mainboard): opens 26 Oct
- SFC Environmental Technologies (Mainboard): opens 27 Oct
- BLS Polymers (Mainboard): opens 27 Oct
- M. K. Sons Fine Jewels (Mainboard): opens 28 Oct
More: IPO tracker.
Stock lists
6 stocks hit a 52-week high, 226 are near a 52-week low and 61 traded at 3x their normal volume. See today's stock lists.
Why the market moved
- Nifty Metal was the weakest sector (−2.71%), with Adani Enterprises −2.9%, JSW Steel −2.8%, Tata Steel −2.7%.
- Institutional flows: foreign investors were net buyers of ₹888 crore and domestic institutions net buyers of ₹3,235 crore (provisional).
- Volatility: India VIX rose 7.0% to 16.86, a sign of rising nervousness.
- Breadth: more stocks fell than rose (347 up, 2,554 down), so the move was broad-based.
Levels for Monday, 26 October
| Index | Close | Resistance (R1, R2) | Support (S1, S2) |
|---|---|---|---|
| Nifty 50 | 22,600 | 22,801, 23,002 | 22,386, 22,171 |
| Bank Nifty | 54,287 | 54,871, 55,455 | 53,823, 53,359 |
| Sensex | 73,124 | 73,776, 74,428 | 72,462, 71,800 |
How to read them: Nifty closed in the middle of the day's range (22,372–22,787). A move above 22,801 would take it towards 23,002; below 22,386, the next level is 22,171. Bank Nifty's first levels are 54,871 above and 53,823 below.
Weekly levels (week of 26–30 October)
| Index | Weekly resistance | Weekly support |
|---|---|---|
| Nifty 50 | 23,060, 23,519 | 22,256, 21,912 |
| Bank Nifty | 55,467, 56,646 | 53,525, 52,763 |
Stocks to watch on Monday
Volume and momentum
| Stock | Move today | Why it is on the list |
|---|---|---|
| Jindal Poly Films | +11.23% | 171x its usual volume |
| Westlife Foodworld | +6.08% | 54x its usual volume |
| Cyient | +7.81% | 25x its usual volume, at a 52-week high |
| Intl Gemological Inst | +7.91% | 24x its usual volume, at a 52-week high |
| Steel Strips Wheels | +19.99% | 16x its usual volume, at a 52-week high |
Weakness watch
| Stock | Move today | Why it is on the list |
|---|---|---|
| Creditaccess Grameen | −5.61% | 14x its usual volume, near its 52-week low |
| Swiggy | −16.75% | 12x its usual volume, near its 52-week low |
| Tinna Rubber And Infr | −0.48% | 11x its usual volume |
| Tata Teleserv(Maharastra) | −0.87% | 10x its usual volume |
| Ksolves India | −10.23% | 10x its usual volume, near its 52-week low |
Events to watch
- Monday, 26 Oct: EAAA India Alternatives IPO opens (₹1,585–1,665).
- Monday, 26 Oct: results from Kotak Mahindra Bank, One 97 Communications, Netweb Technologies India, Ather Energy, Apollo Micro Systems, REC and 76 more.
- Tuesday, 27 Oct: BLS Polymers IPO opens (₹142–150).
- Tuesday, 27 Oct: SFC Environmental Technologies IPO opens (₹313–330).
- Tuesday, 27 Oct: results from Larsen & Toubro, Maruti Suzuki India, Tata Steel, Bajaj Auto, Steel Authority of India and 79 more.
- Wednesday, 28 Oct: M. K. Sons Fine Jewels IPO opens (₹153–162).
- Wednesday, 28 Oct: results from Adani Ports and Special Economic Zone, Meesho, Adani Enterprises, Vedanta Aluminium Metal, TVS Motor Company and 106 more.
- Thursday, 29 Oct: results from Welspun Corp, Trent, InterGlobe Aviation, Pine Labs, Suzlon Energy and 98 more.
Pokharna Research view
Nifty is -3.4% from its 50-day average and -6.3% from its 200-day average, and the Market Mood reads 35/100 (Fear). Losses were heaviest in Nifty Metal, while breadth was negative. Next up: 82 results, including Kotak Mahindra Bank, One 97 Communications, Netweb Technologies India, Ather Energy. These are the main stock-specific triggers to watch.
This report is educational and informational. It is not investment advice, and nothing here is a call to trade any security or index. Pokharna Research does not claim SEBI registration.