Indian markets faced a sharp sell-off in the previous session, with the Nifty 50 shedding 1.11% to close at 22,889. The broader market sentiment remained cautious as investors weighed global cues and domestic inflationary pressures.
Market Snapshot
Index
Last
Nifty 50
22,888.95 (-1.11%)
Nifty Bank
55,488.10 (-0.64%)
Nifty Midcap 100
58,487.95 (-1.09%)
Institutional Flows
Domestic Institutional Investors (DIIs) provided a cushion to the markets, recording a net purchase of ₹3,201.19 crore, while Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹1,148.64 crore.
Date
FII Net
DII Net
19-Oct
-1,148.64
3,201.19
Sector Performance
Sector
Last
Nifty PSU Bank
8,294.10 (+2.46%)
Nifty Pharma
25,615.00 (-0.65%)
Nifty Auto
25,591.25 (-0.69%)
Nifty Realty
816.05 (-1.20%)
Nifty IT
31,516.30 (-1.28%)
Nifty FMCG
43,975.50 (-1.44%)
Nifty Financial Services
24,987.10 (-1.58%)
Top Movers
Symbol
Company
Last
JSWSTEEL
JSW Steel Ltd.
1,241.30 (+2.06%)
ONGC
ONGC
225.00 (+1.35%)
SBIN
State Bank Of India
973.70 (+1.15%)
AXISBANK
Axis Bank Ltd.
1,236.00 (-4.19%)
INFY
Infosys Ltd.
1,130.70 (-2.63%)
Corporate Highlights
Akme Fintrade (India) raised ₹50 crore through non-convertible debentures.
Mid East Portfolio Management signed an MoU with Cher Lifestyle for a proposed funding arrangement.
Ceigall India’s arm signed a transmission service agreement with the Central Transmission Utility of India.
IPO Watch
Paras Healthcare IPO opens for subscription on October 21.
Jio Platforms IPO, aiming to raise up to ₹30,213 crore, opens for subscription on October 21.
While FIIs continue to trim their positions, the robust buying from DIIs suggests underlying domestic resilience despite the broader market correction.