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Top Gainers & Losers: Nifty Slips as Auto Stocks Gain While Consumer and Tech Shares Weaken | 22 Oct 2026, 12:00 PM IST

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Nifty Slips as Auto Stocks Gain While Consumer and Tech Shares Weaken

Key Highlights

The Nifty 50 closed at 22724.05, down 0.38% as investors favored auto and infrastructure stocks while consumer and IT counters faced selling pressure.

The Indian equity markets faced a session of consolidation on Thursday, October 22, 2026, with the index shedding 87 points to settle at 22724.05. The Nifty Bank also saw mild weakness, closing at 54834.15, down 0.26%.

Top Gainers

CompanyPriceChange%
Bajaj Auto10206+1.33
Hero MotoCorp5212+1.14
Larsen & Toubro3673.8+1.04
Bharti Airtel1908.3+0.88
ICICI Bank1396.2+0.81

The auto sector led the day’s gains, with Bajaj Auto and Hero MotoCorp attracting buying interest. Bajaj Auto shares moved higher following news of its latest sales performance, while L&T shares rose after the company secured significant new orders for government infrastructure projects in New Delhi and Andhra Pradesh.

Top Losers

CompanyPriceChange%
Nestle India1194.3-2.42
Coal India398.45-2.22
Tata Motors PV270.55-1.87
Power Grid248.25-1.55
HDFC Life531.35-1.54

Selling pressure was evident in the consumer goods and technology sectors, with Nestle India and Tata Consumer Products both ending in the red. IT majors including Tech Mahindra and TCS also saw declines, reflecting a broader caution across large-cap growth stocks. The divergence between auto strength and consumer weakness suggests a selective approach to portfolio rotation among market participants.