Closing Bell: Nifty 50 Slips 171 Points as Midcap Indices Face Significant Selling Pressure | 23 Oct 2026, 03:45 PM IST
Key Highlights
The Nifty 50 closed at 22,516.40 on Friday, 23 October 2026, as broad-based selling dragged down the NIFTY Midcap 100 index by over two percent.
Market Overview
The Indian equity markets concluded the session on Friday, 23 October 2026, in negative territory. The settled at 22,516.40, reflecting a decline of −171.25 points or −0.75%. The Nifty Bank index mirrored the weakness, finishing at 54,111.55, down −814.15 points or −1.48%. The NIFTY Midcap 100 index saw the sharpest decline, closing at 55,668.95 with a loss of −1,395.00 points or −2.44%.
Key Market Movers
Eternal Ltd. (ETERNAL) emerged as the top gainer, rising +3.99% to close at ₹316.6 following a 92.31% jump in consolidated net profit to ₹125 crore for Q2FY27. Tata Consultancy Services Ltd. (TCS) also saw gains of +0.75%, closing at ₹2,525.6, buoyed by its expanded partnership with Indian Bank. Conversely, Shriram Finance Ltd. (SHRIRAMFIN) led the losers, dropping −3.65% to ₹868.
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 22,516.40 | −171.25 | −0.75% |
| Nifty Bank | 54,111.55 | −814.15 | −1.48% |
| NIFTY Midcap 100 | 55,668.95 | −1,395.00 | −2.44% |
Institutional Activity
(FII) remained net sellers in the previous session on 22 October 2026, offloading ₹3,458.7 crore, while (DII) acted as net buyers, adding ₹2,891.32 crore to the market.