Stock Market Today

Why the market moved

**Friday, 23 October 2026 – Indian Market Recap** Indian markets ended Friday in the red, with broader indices taking a heavier hit than the large-cap benchmarks — the NIFTY Smallcap 100 fell nearly 3% and the NIFTY Midcap 100 dropped over 2%, while the NIFTY 50 slipped 0.39% and the SENSEX edged down 0.17%. Metal and realty stocks were the session's weakest spots, with both NIFTY Metal and S&P BSE Metal falling 2.71% and S&P BSE Realty declining 2.63%; notable drag on the NIFTY 50 came from Shriram Finance (-3.98%), JSW Steel (-2.83%), and Adani Enterprises (-2.86%). On the positive side, Eternal Ltd rose 4.25% to provide the biggest lift to the index, and IT stocks held up relatively better than the rest of the market. Global sentiment was cautious, with the Nasdaq falling 1.57% amid renewed doubts over AI spending, and foreign institutional investors were net sellers of Rs 3,458.70 crore on Thursday, while domestic institutions partially offset that with net buying of Rs 2,891.32 crore.

• AI Spending Doubts Resurface: Nasdaq Plunges 2.6% in a Single Day, Philadelphia Semiconductor Index Sinks 773 Pointsai capex cycle concerns · tech sector weakness · semiconductor demand slowdown
• JSW Steel Q2 Results: Net profit rockets 225% YoY to Rs 5,279 crore; revenue rises 21%domestic steel demand strength · metal sector momentum · corporate earnings beat
• Top stocks to buy: IT stocks soar! TCS, Infosys, HCL Tech, Wipro - Nifty IT up over 3% today, jumps 22% from July lowit sector recovery · earnings beat · ai opportunity
• Stellar Start! Tonbo Imaging shares list at 66% premium over IPO pricedefence sector strength · ipo market momentum · retail investor appetite
• Nuvoco Vistas Corp Q2 profit jumps 78% to Rs 65 crore on strong revenueinfrastructure capex · construction demand · post monsoon recovery