Morning Brief: Nifty Slips 0.54% to 22,687; FIIs Net Sell ₹3,458 Cr on Thursday | 23 Oct 2026, 08:15 AM IST
By ThePip Desk•
Key Highlights
Indian markets extend losing streak to three sessions as FIIs net sell ₹3,458 Cr. Nifty settles at 22,687, weighed by FMCG and IT sector weakness.
Indian equity benchmarks extended their losing streak to a third consecutive session on Thursday, as escalating geopolitical tensions in West Asia and surging crude oil prices dampened investor sentiment. The closed at 22,687.65 (-0.54%), while the Nifty Bank ended at 54,925.70 (-0.09%).
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 22,687.65 (-0.54%) |
| Nifty Bank | 54,925.70 (-0.09%) |
| Nifty Midcap 100 | 57,063.95 (-0.87%) |
Institutional Flows
(FIIs) turned net sellers on Thursday, offloading equities worth ₹3,458.7 crore. (DIIs) provided support, recording a net purchase of ₹2,891.32 crore.
| Date | FII Net | DII Net |
|---|---|---|
| 2026-10-22 | -3,458.70 | 2,891.32 |
| 2026-10-21 | 1,022.32 | 1,614.32 |
| 2026-10-19 | -1,148.64 | 3,201.19 |
Sector Performance
| Sector | Last |
|---|---|
| Nifty Pharma | 25,596.65 (+0.12%) |
| Nifty PSU Bank | 8,257.40 (+0.07%) |
| Nifty Financial Services | 24,657.70 (-0.14%) |
| Nifty Realty | 803.45 (-0.30%) |
| Nifty Auto | 25,011.50 (-0.73%) |
| Nifty IT | 32,081.25 (-1.05%) |
| Nifty FMCG | 43,105.45 (-1.41%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| BAJFINANCE | Bajaj Finance Ltd. | 942.10 (+1.74%) |
| CIPLA | Cipla Ltd. | 1,330.90 (+1.29%) |
| NESTLEIND | Nestle India Ltd. | 1,189.90 (-2.78%) |
| RELIANCE | Reliance Industries Ltd. | 1,184.50 (-2.03%) |
Corporate & Updates
- Jindal Stainless: Reported an 11% rise in Q2 consolidated net profit, with total income increasing by 18.44%.
- Swiggy: net loss narrowed to ₹922 crore in Q2, as total income grew by 38.49%.
- Innovision: Secured a work order worth ₹94.97 crore from the National Highways Authority of India (NHAI).
- IPO Watch: The initial public offering (IPO) of Core4 Engineers opens for subscription today, October 23, 2026, aiming to raise up to ₹54.82 crore.
Despite the broader market decline, the resilience in Pharma and PSU Bank indices suggests selective buying interest in defensive and value-oriented sectors.