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Sensex And Nifty Fall Amid Volatile Trade; IT Stocks Rally
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News18•21-10-2026, 16:12
Sensex And Nifty Fall Amid Volatile Trade; IT Stocks Rally
- •The BSE Sensex closed 143.21 points lower at 73,709.69, while the NSE Nifty dropped 77.60 points to end below 22,850.
- •Markets witnessed a sharp intraday reversal from early highs due to aggressive profit booking and selling across banking and auto stocks.
- •Broader markets underperformed benchmarks significantly, with the Nifty Smallcap 100 tumbling 2.37% and Nifty Midcap 100 falling 1.58%.
- •The Nifty IT index surged 2.88%, driven by strong gains in major technology stocks like HCL Technologies, Infosys, Tech Mahindra and TCS.
- •Elevated crude oil prices, geopolitical uncertainties, and rising US bond yields added to cautious sentiment and market volatility.
Key Questions Answered
The BSE Sensex settled down 143.21 points at 73,709.69, while the NSE Nifty ended 77.60 points lower at 22,811.35 after a sharp intraday reversal from their early highs.
The Nifty IT index emerged as the standout sector, surging 2.88% with support from technology stocks like HCL Technologies, Infosys, Tech Mahindra, and TCS.
The market declined due to profit booking following the opening rally, elevated crude oil prices exceeding $110 a barrel, geopolitical uncertainty, and widespread selling across banking, auto, and smaller-cap stocks.
