Morning Brief: Nifty Slips 1.11% to 22,889; DIIs Net Buy ₹3,201 Cr Amid Volatility | 21 Oct 2026, 08:15 AM IST
By ThePip Desk•
Key Highlights
Nifty 50 closes at 22,889 as institutional investors show diverging trends; DIIs support the market while FIIs remain net sellers.
Indian markets faced a sharp sell-off in the previous session, with the 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
(DIIs) provided a cushion to the markets, recording a net purchase of ₹3,201.19 crore, while (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.
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.