Stock Market Today

Why the market moved

Indian markets ended Thursday, 22 October 2026 in the red, with the NIFTY 50 falling 0.54% and the SENSEX declining 0.62%, even as major US indices closed higher overnight. Selling was broad-based, with 36 of 50 NIFTY stocks declining, and smaller stocks bore the brunt — the NIFTY Midcap 100 dropped 0.87% and the NIFTY Smallcap 100 fell 1.14%. The heaviest drag on the NIFTY 50 came from Nestle India, Eternal, HDFC Bank, and Reliance Industries, while Media and FMCG were the weakest sectors; on the positive side, Pharma and PSU Banks held up, with Bajaj Finance, Cipla, and UltraTech Cement among the top individual gainers. The cause of the overall market weakness is not fully clear from available data, though the decline in Chinese stocks entering bear territory may have weighed on broader sentiment.

• IT stocks rebound sharply in October: TCS gains 22%, Wipro and Tech Mahindra gain 20% — 3 key reasons behind the jumptech sector recovery · earnings beat · valuation reset
• Chinese stock market enters bear territory! CSI 300 index crashes 20% from June peakchina slowdown · emerging market stress · tech valuation correction
• Indonesian Stocks Fall as Concerns Over MSCI’s Downgrade Returnemerging market volatility · index downgrade risk · capital flight
• RIL stock: Jio's listing could unlock value, but will it drive a re-rating?telecom sector consolidation · ipo market activity · holding company discount reduction
• Barrenjoey trading profit takes a hit from global bond market routbond market stress · interest rate volatility · trading losses