Indian equity benchmarks ended lower for the second consecutive session on Wednesday as broad-based selling in financial and auto stocks overshadowed gains in the technology sector. The Nifty 50 index slipped 0.34% to close at 22,811.35, while the Nifty Bank index saw a sharper decline of 0.92%.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 22,811.35 (-0.34%) |
| Nifty Bank | 54,976.90 (-0.92%) |
| Nifty Midcap 100 | 57,565.85 (-1.58%) |
Institutional Flows
Foreign institutional investors (FIIs) turned net buyers in the latest session, injecting ₹1,022.32 crore into the equity market. Domestic institutional investors (DIIs) also remained net buyers, adding ₹1,614.32 crore.
| Date | FII Net | DII Net |
|---|---|---|
| 2026-10-21 | +1,022.32 | +1,614.32 |
| 2026-10-19 | -1,148.64 | +3,201.19 |
| 2026-10-16 | +1,165.92 | +3,661.28 |
Sector Performance
The Nifty IT index emerged as the standout performer, surging 2.88% as investors favored technology stocks amid improved earnings visibility. Conversely, the Nifty Auto and Nifty Realty indices faced significant selling pressure.
| Sector | Last |
|---|---|
| Nifty IT | 32,422.50 (+2.88%) |
| Nifty Pharma | 25,565.90 (-0.19%) |
| Nifty PSU Bank | 8,251.50 (-0.51%) |
| Nifty FMCG | 43,720.70 (-0.58%) |
| Nifty Financial Services | 24,691.45 (-1.18%) |
| Nifty Realty | 805.85 (-1.25%) |
| Nifty Auto | 25,196.65 (-1.54%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| INFY | Infosys Ltd. | 1,168.00 (+3.30%) |
| HCLTECH | HCL Technologies Ltd. | 1,424.20 (+3.21%) |
| TECHM | Tech Mahindra Ltd. | 1,834.70 (+3.13%) |
| Symbol | Company | Last |
|---|---|---|
| BAJFINANCE | Bajaj Finance Ltd. | 926.00 (-3.27%) |
| BSE | BSE Ltd. | 3,248.30 (-2.63%) |
| ETERNAL | Eternal Ltd. | 312.35 (-2.45%) |
Global Cues and Currency
Asian markets mostly trended higher on Wednesday, supported by strong corporate earnings on Wall Street. The Indian rupee strengthened against the US dollar, closing at 94.41, a gain of 50 paise from the previous session.
Corporate Updates
- Krsnaa Diagnostics Ltd. released a media update under Regulation 30.
- Fusion CX Ltd. announced the listing of its equity shares.
The Nifty IT index’s 2.88% gain highlights a shift in investor sentiment toward technology, providing a buffer against broader market weakness.
FIIs returning to net buying status after recent outflows offers a potential floor for sentiment, though volatility in mid-cap stocks remains a watchpoint.