Pre-market: Nifty 50 starts the week at 22,600 as smallcaps fall 2.94%
The Nifty 50 closed at 22,600 on Friday, 23 October, down 0.39%, while the NIFTY Smallcap 100 fell 2.94% and 2,368 stocks declined against 318 that advanced.
Key points
- The Nifty 50 closed at 22,600 on Friday, 23 October, down 87.65 points or 0.39%.
- Breadth was heavily negative, with 2,368 stocks declining against 318 advancing, as the NIFTY Smallcap 100 fell 2.94%.
- Nifty IT was the best sector, down 0.27%, while Nifty Metal was the worst, down 2.71%.
The Nifty 50 closed at 22,600 on Friday, 23 October, down 87.65 points or 0.39%, after trading between 22,372 and 22,787.25. The sell-off ran far wider than the headline index suggests: 2,368 stocks declined against 318 that advanced, with 20 unchanged.
Market Snapshot
The five headline indices at the close of the last session, Friday, 23 October:
| Index | Close | Change | % Change | Day's range |
|---|---|---|---|---|
| Nifty 50 | 22,600 | -87.65 | -0.39% | 22,372 to 22,787.25 |
| Nifty Bank | 54,287.35 | -638.35 | -1.16% | 53,942.35 to 54,990.5 |
| NIFTY Midcap 100 | 55,800.65 | -1,263.3 | -2.21% | 55,208.95 to 57,053.8 |
| NIFTY Smallcap 100 | 17,739.45 | -536.45 | -2.94% | 17,571.6 to 18,258.2 |
| India VIX | 16.86 | +1.1 | +6.96% | 15.265 to 17.095 |
India VIX, NSE's volatility index, rose 1.1 points or 6.96% to close at 16.86, after opening at 15.7625 and touching a high of 17.095. The Nifty Bank fell 1.16%, nearly three times the 0.39% decline in the Nifty 50, closing at 54,287.35 after opening at 54,965.75.
What Moved Yesterday
The figures below are from the last session, Friday, 23 October.
Top Nifty 50 gainers
| Stock | Previous close (Rs) | Close (Rs) | % Change |
|---|---|---|---|
| ETERNAL | 304.45 | 317.4 | +4.25% |
| APOLLOHOSP | 7,604.5 | 7,730 | +1.65% |
| ONGC | 225 | 227.5 | +1.11% |
| ASIANPAINT | 2,284.8 | 2,307 | +0.97% |
| TCS | 2,506.9 | 2,530 | +0.92% |
ETERNAL led the index with a 4.25% gain to Rs 317.4 on turnover of Rs 1,714.79 crore, while TCS added 0.92% to Rs 2,530 on turnover of Rs 1,760.8 crore.
Top Nifty 50 losers
| Stock | Previous close (Rs) | Close (Rs) | % Change |
|---|---|---|---|
| SHRIRAMFIN | 900.9 | 865 | -3.98% |
| ADANIENT | 2,550 | 2,477 | -2.86% |
| JSWSTEEL | 1,220 | 1,185.5 | -2.83% |
| JIOFIN | 210.8 | 205.03 | -2.74% |
| TATASTEEL | 172.33 | 167.67 | -2.7% |
SHRIRAMFIN was the weakest Nifty 50 stock, falling 3.98% to Rs 865 on turnover of Rs 622.53 crore. Two steel makers, JSWSTEEL (-2.83%) and TATASTEEL (-2.7%), were among the five largest decliners.
Sectors
Even the three best-performing sectoral indices closed lower in the last session. Nifty IT slipped 0.27% to 31,995.5, Nifty Auto lost 0.6% to 24,862.3 and Nifty Oil & Gas fell 0.62% to 10,380.55.
At the other end, Nifty Metal was the weakest sector, down 2.71% at 11,478.2. Nifty Consumer Durables fell 2.63% to 33,922 and Nifty Realty dropped 2.38% to 784.35.
Most traded stocks by turnover
| Stock | Previous close (Rs) | Close (Rs) | % Change | Turnover (Rs crore) |
|---|---|---|---|---|
| INFY | 1,153.35 | 1,153.8 | +0.04% | 3,848.04 |
| SWIGGY | 211.4 | 176 | -16.75% | 2,536.47 |
| CYIENT | 1,143.7 | 1,233 | +7.81% | 2,455.95 |
| TONBO | 700 | 1,133.8 | +61.97% | 2,245.65 |
| PCJEWELLER | 18.07 | 18.04 | -0.17% | 2,212.09 |
INFY topped the turnover list at Rs 3,848.04 crore while barely moving, up 0.04% to Rs 1,153.8. SWIGGY fell 16.75% to Rs 176 on turnover of Rs 2,536.47 crore, and TONBO closed at Rs 1,133.8, 61.97% above its previous close of Rs 700.
Market Breadth
Of the stocks traded on NSE in the last session, 318 advanced, 2,368 declined and 20 were unchanged. That works out to more than seven stocks falling for every one that rose.
The index moves show where the selling was heaviest. The large-cap Nifty 50 lost 0.39%, the NIFTY Midcap 100 fell 2.21% to 55,800.65 and the NIFTY Smallcap 100 dropped 2.94% to 17,739.45. The smaller the companies, the steeper the decline: the Smallcap 100 shed 536.45 points and the Midcap 100 shed 1,263.3 points, against 87.65 points for the Nifty 50.
FAQ
Where did the Nifty 50 close in the last session?
The Nifty 50 closed at 22,600 on Friday, 23 October, down 87.65 points or 0.39%. It opened at 22,742.2, rose to a high of 22,787.25 and fell to a low of 22,372.
How did midcap and smallcap stocks perform?
Both fell much more than the Nifty 50. The NIFTY Midcap 100 lost 2.21% to close at 55,800.65 and the NIFTY Smallcap 100 lost 2.94% to close at 17,739.45.
What was India VIX at the last close?
India VIX closed at 16.86 on Friday, 23 October, up 1.1 points or 6.96%. Its range for the day was 15.265 to 17.095.
Which sectors fell the most?
Nifty Metal fell 2.71%, Nifty Consumer Durables 2.63% and Nifty Realty 2.38%. Nifty IT was the most resilient sector, down 0.27%.
Figures are from NSE's end-of-day files for Friday, 23 October 2026. This note is for information only and is not investment advice.
Sources & Citations
- NSE index closing values, 23 October 2026 — National Stock Exchange of India
- NSE equity bhavcopy, 23 October 2026 — National Stock Exchange of India