Indian equity indices snapped their two-week winning streak, with benchmark indices falling more than 2%. Market sentiment weakened as escalating geopolitical tensions pushed Brent crude oil above $116 per barrel, raising concerns over energy supply disruptions. Persistent FII selling continued to weigh on the markets, while DII buying offered partial support.
Benchmark Indices
BSE Sensex: ↓ 1,605.44 points (-2.14%) to 74,729.27
Nifty 50: ↓ 546.15 points (-2.25%) to 22,600
Broader Markets
Nifty Midcap 100: ↓ 5.6%
Major Losers (10–25%): Swiggy, KEI Industries, Motilal Oswal Financial Services, Mahindra & Mahindra Financial Services, Suzlon Energy, Bharat Heavy Electricals, Tata Investment Corporation, Exide Industries.
Nifty Smallcap 100: ↓ More than 7%
Major Losers (12–25%): Himadri Speciality Chemical, CreditAccess Grameen, Urban Company, Deepak Fertilisers & Petrochemicals Corporation, Aarti Industries, Ola Electric Mobility, IIFL Finance, Hindustan Copper, Inox Wind, JM Financial, Garden Reach Shipbuilders & Engineers, Reliance Power.
Sector Performance
All sectoral indices ended in the red.
Defence: ↓ 7%
Consumer Durables: ↓ 6.4%
Capital Markets: ↓ 6%
Metal, Media & Realty: ↓ Around 5% each.
Market Capitalisation
Total BSE market capitalisation declined by more than ₹20 lakh crore.
Biggest Wealth Eroders: HDFC Bank, Bajaj Finance, Reliance Industries, Axis Bank.
Top Wealth Creators: Tata Consultancy Services (TCS), HCL Technologies, UltraTech Cement.
Institutional Activity
FIIs: Sold equities worth ₹2,697.37 crore, marking their 9th consecutive week of net selling.
DIIs: Bought equities worth ₹10,942.19 crore, continuing to provide market support.
Rupee
The Indian rupee traded in a volatile range during the week but ended largely unchanged at 94.94 against the US dollar on October 23, compared with 94.95 on October 16. During the week, it traded in the 94.32–94.97 range.
Source: Moneycontrol
