HomeMarket insights
Market insights: 2026-10-23 close
Nifty 500 lost 0.7% today, with 4 of 88 indices up; Nifty 50 Shariah led, Nifty Metal lagged.
Market condition: Weak (7/100). 4 indices rose and 83 fell on the day; 9% are above their 200-day average and 1% above their 50-day average.
Today
Nifty 500 lost 0.7% today, with 4 of 88 indices up; Nifty 50 Shariah led, Nifty Metal lagged.
- The market: Nifty 500 TRI fell today (−0.7%). 4 of 88 equity indices were up and 83 down.
- Broad selling: Only 5% of indices rose today; weakness was widespread.
- Flight to size: Nifty 50 (−0.4%) held up better than smallcaps (−2.8%) today: money preferred large, liquid names.
- Defensives led: Defensive sectors (FMCG, pharma, low volatility) beat cyclicals by 0.8 points today: a cautious tilt.
- Where money went: Strongest: Nifty 50 Shariah (+0.2%), Nifty IT (−0.2%), Nifty Growth Sectors 15 (−0.2%). Weakest: Nifty Alpha 50 (−2.8%), Nifty Metal (−2.7%), Nifty Smallcap 250 Momentum Quality 100 (−2.7%).
- Asset classes: Against cash, USD/INR did best (+0.4%) and Commodities worst (−2.3%).
- 52-week highs and lows: 0 indices at a 52-week high and 7 at a 52-week low on the day.
- ETF activity: ETF trading value was 1.3× its 20-day average. Unusually busy: Gold/Silver (1.6×, price −2.6%), Sector (1.5×, price −0.6%), Factor (1.9×, price −2.2%).
This week
Nifty 500 lost 2.8% this week, with 2 of 88 indices up; Nifty IT led, Nifty India Defence lagged.
- The market: Nifty 500 TRI fell this week (−2.8%). 2 of 88 equity indices were up and 86 down.
- Broad selling: Only 2% of indices rose this week; weakness was widespread.
- Flight to size: Nifty 50 (−2.4%) held up better than smallcaps (−7.1%) this week: money preferred large, liquid names.
- Defensives led: Defensive sectors (FMCG, pharma, low volatility) beat cyclicals by 1.9 points this week: a cautious tilt.
- Where money went: Strongest: Nifty IT (+0.3%), BSE PSU Bank (−0.2%), Nifty PSU Bank (−0.3%). Weakest: Nifty Alpha 50 (−7.3%), Nifty India Defence (−7.1%), Nifty India Internet (−7.0%).
- Style: Best factor this week: Nifty Growth Sectors 15 (−1.2%); weakest: Nifty Alpha 50 (−7.3%).
- Asset classes: Against cash, USD/INR did best (+0.1%) and Commodities worst (−5.6%).
- Momentum rotation: Scores rising fastest: Nifty 50 (+10), Nifty 50 Value 20 (+10), BSE Sensex (+8). Falling fastest: Nifty Smallcap 250 (−18), Nifty 500 (−17), Nifty 500 Multicap 50:25:25 (−17).
- 52-week highs and lows: 0 indices at a 52-week high and 7 at a 52-week low this week.
- Volatility: Nifty 500's daily swings over the last 20 days (15% a year) are higher than usual (above 80% of days in the last three years).
This month
Nifty 500 lost 3.1% this month, with 6 of 88 indices up; Nifty IT led, Nifty Metal lagged.
- The market: Nifty 500 TRI fell this month (−3.1%). 6 of 88 equity indices were up and 82 down.
- Broad selling: Only 7% of indices rose this month; weakness was widespread.
- Flight to size: Nifty 50 (−2.0%) held up better than smallcaps (−9.9%) this month: money preferred large, liquid names.
- Where money went: Strongest: Nifty IT (+13.8%), Nifty India Digital (+1.4%), Nifty 50 Shariah (+1.4%). Weakest: Nifty Metal (−11.8%), Nifty MNC (−10.9%), Nifty Alpha 50 (−10.2%).
- Style: Best factor this month: Nifty Top 10 Equal Weight (+1.3%); weakest: Nifty Alpha 50 (−10.2%).
- Asset classes: Against cash, USD/INR did best (−1.5%) and Commodities worst (−10.8%).
- Momentum rotation: Scores rising fastest: Nifty Top 15 Equal Weight (+32), BSE Sensex (+32), Nifty 50 (+32). Falling fastest: BSE 200 Equal Weight (−38), Nifty Midcap 100 (−36), Nifty 200 (−35).
- 52-week highs and lows: 3 indices at a 52-week high and 14 at a 52-week low this month.
Benchmarks
| Index | Day | Week | Month | From 52-week high |
|---|---|---|---|---|
| Nifty 50 | −0.4% | −2.4% | −2.0% | −12.2% |
| Nifty 500 | −1.2% | −3.8% | −5.0% | −9.9% |
| Nifty Next 50 | −2.2% | −4.6% | −7.8% | −11.8% |
| Nifty Midcap 150 | −2.1% | −5.2% | −8.4% | −12.5% |
| Nifty Smallcap 250 | −2.8% | −7.1% | −9.9% | −11.7% |
| Nifty Bank | −1.2% | −2.8% | −2.1% | −11.4% |
Sectors, industries, themes and factors
| Index | Group | Day | Week | Month |
|---|---|---|---|---|
| Nifty 50 Shariah | Theme | +0.2% | −1.2% | +1.4% |
| Nifty IT | Sector | −0.2% | +0.3% | +13.8% |
| Nifty Growth Sectors 15 | Factor | −0.2% | −1.2% | +1.0% |
| Nifty Top 15 Equal Weight | Factor | −0.2% | −2.0% | +0.9% |
| Nifty India Consumption | Theme | −0.2% | −3.0% | −5.5% |
| Nifty Top 10 Equal Weight | Factor | −0.3% | −2.0% | +1.3% |
| Nifty 50 Value 20 | Factor | −0.4% | −2.2% | −0.6% |
| Nifty 100 Low Volatility 30 | Factor | −0.4% | −1.9% | −3.3% |
| Nifty Infrastructure | Theme | −0.4% | −2.0% | −4.4% |
| BSE Low Volatility | Factor | −0.5% | −2.5% | −4.7% |
| Nifty 100 ESG Sector Leaders | Theme | −0.5% | −2.9% | −2.8% |
| Nifty Auto | Sector | −0.6% | −3.5% | −7.0% |
| Nifty 50 Equal Weight | Factor | −0.6% | −2.6% | −3.9% |
| Nifty 500 Low Volatility 50 | Factor | −0.6% | −1.7% | −3.0% |
| Nifty Oil & Gas | Sector | −0.6% | −1.7% | −4.5% |
| Nifty Alpha Low-Volatility 30 | Factor | −0.7% | −2.3% | −6.1% |
| Nifty Private Bank | Industry | −0.8% | −3.8% | −0.4% |
| Nifty Healthcare | Sector | −0.8% | −1.9% | −8.2% |
| BSE Healthcare | Sector | −0.9% | −2.7% | −9.5% |
| Nifty CPSE | Theme | −0.9% | −3.1% | −7.6% |
| Nifty India Digital | Theme | −0.9% | −2.8% | +1.4% |
| Nifty FMCG | Sector | −1.0% | −4.3% | −6.8% |
| Nifty 100 Quality 30 | Factor | −1.0% | −3.1% | −2.1% |
| Nifty Financial Services | Sector | −1.0% | −3.9% | −2.2% |
| Nifty Pharma | Sector | −1.0% | −1.8% | −6.3% |
| Nifty Bank | Sector | −1.2% | −2.8% | −2.1% |
| Nifty Dividend Opportunities 50 | Factor | −1.2% | −2.1% | −1.5% |
| Nifty India Tourism | Industry | −1.3% | −2.8% | −5.5% |
| Nifty 200 Quality 30 | Factor | −1.4% | −4.0% | −3.5% |
| Nifty Commodities | Theme | −1.4% | −3.4% | −7.5% |
| Nifty EV and New Age Automotive | Theme | −1.4% | −5.5% | −8.8% |
| Nifty 100 Equal Weighted | Factor | −1.4% | −3.6% | −5.8% |
| Nifty India New Age Consumption | Theme | −1.4% | −4.9% | −7.2% |
| Nifty India Manufacturing Index | Theme | −1.6% | −4.3% | −8.2% |
| Nifty PSE | Theme | −1.6% | −3.9% | −7.0% |
| Nifty 200 Value 30 | Factor | −1.7% | −2.7% | −6.4% |
| BSE India Infrastructure | Theme | −1.7% | −4.1% | −7.9% |
| BSE 200 Equal Weight | Factor | −1.7% | −4.4% | −6.9% |
| Nifty 500 Value 50 | Factor | −1.8% | −3.5% | −7.6% |
| BSE Enhanced Value | Factor | −1.8% | −2.7% | −6.1% |
| BSE Quality | Factor | −1.9% | −5.3% | −7.2% |
| BSE Capital Markets & Insurance | Industry | −1.9% | −5.2% | −6.6% |
| Nifty MNC | Theme | −1.9% | −5.9% | −10.9% |
| Nifty 500 Multicap Momentum Quality 50 | Factor | −2.0% | −6.0% | −9.2% |
| Nifty India Internet | Theme | −2.0% | −7.0% | −8.7% |
| Nifty Midcap150 Momentum 50 | Factor | −2.1% | −5.7% | −9.3% |
| BSE Power | Sector | −2.1% | −6.4% | −9.4% |
| BSE PSU Bank | Industry | −2.1% | −0.2% | −2.4% |
| Nifty Midcap 150 Quality 50 | Factor | −2.1% | −5.4% | −7.1% |
| Nifty Financial Services EX-Bank | Industry | −2.1% | −5.2% | −7.1% |
| Nifty MidSmallcap 400 Momentum Quality 100 | Factor | −2.2% | −5.7% | −7.8% |
| Nifty PSU Bank | Industry | −2.3% | −0.3% | −2.5% |
| Nifty India Railways PSU | Industry | −2.4% | −6.7% | −8.2% |
| Nifty Realty | Sector | −2.4% | −5.0% | −9.0% |
| BSE Select IPO | Factor | −2.4% | −6.0% | −9.9% |
| Nifty Capital Markets | Industry | −2.5% | −5.9% | −6.8% |
| Nifty 200 Momentum 30 | Factor | −2.5% | −6.2% | −9.7% |
| Nifty 200 Alpha 30 | Factor | −2.6% | −6.1% | −9.5% |
| Nifty 500 Momentum 50 | Factor | −2.6% | −6.2% | −9.2% |
| Nifty India Defence | Industry | −2.6% | −7.1% | −8.6% |
| Nifty Smallcap 250 Momentum Quality 100 | Factor | −2.7% | −6.7% | −8.3% |
| Nifty Metal | Sector | −2.7% | −5.4% | −11.8% |
| Nifty Alpha 50 | Factor | −2.8% | −7.3% | −10.2% |
Automated summary of end-of-day index data, written by fixed rules. It describes what happened and is not a forecast. ArthaNiti publishes market data and analytics for education. It is not investment advice or a research recommendation, and ArthaNiti is not registered with SEBI as an Investment Adviser or Research Analyst.