Based on 20 October 2026 closing prices, the Indian equity markets face a challenging start this Wednesday, 21 October 2026. The Nifty 50 index retreated by 1.11%, settling at 22888.95 as selling pressure intensified across major benchmarks.
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 22888.95 | −1.11% |
| Nifty Bank | 55488.10 | −0.64% |
| Nifty Midcap 100 | 58487.95 | −1.09% |
FII Flows and Market Sentiment
Foreign Institutional Investors (FII) have maintained a net selling stance for three consecutive sessions. In the most recent data, FII net outflows reached ₹1305.13 crore, while Domestic Institutional Investors (DII) provided support with net purchases of ₹2439.24 crore. This divergence in institutional activity remains a primary focus for traders as they navigate current volatility.
Top Movers and Sector Performance
Despite the broader market decline, specific stocks demonstrated resilience. JSW Steel Ltd. led the gains, rising 2.06% to ₹1241.3, followed by Oil & Natural Gas Corporation Ltd. at 1.35% and State Bank Of India at 1.15%. Conversely, Axis Bank Ltd. faced significant selling pressure, dropping 4.19% to close at ₹1236. Tata Motors Passenger Vehicles Ltd. and Infosys Ltd. also saw notable declines of 3.09% and 2.63% respectively.
What to Watch at 9:15
Investors should monitor the sustainability of DII buying power against the backdrop of sustained FII outflows as the market prepares for the 9:15 AM opening bell.