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Sensex and Nifty Plunge Over 1 Prozent as Markets Extend Losses
M
Moneycontrol•21-10-2026, 15:04
Sensex and Nifty Plunge Over 1 Prozent as Markets Extend Losses
- •Dalal Street ended sharply in the red on weekly expiry day with Sensex and Nifty losing over 1 percent each.
- •Nifty slipped below the crucial 23000 mark amidst a broad-based market selloff.
- •India VIX jumped 6 percent reflecting rising nervousness among investors.
- •Midcaps and smallcaps extended their losing streak to four consecutive sessions.
- •Bank Nifty dragged lower by Axis Bank and Yes Bank while PSU banks showed resilience following Q2 results.
Key Questions Answered
Dalal Street ended in the red as Sensex and Nifty each lost over 1%, driven by a broad-based market decline, a 6% jump in the India VIX, and persistent selling pressure affecting midcaps, smallcaps, and the banking sector.
Bank Nifty closed lower, pressured by losses in stocks like Axis Bank and Yes Bank, with the latter dropping 20% over three sessions. Conversely, PSU banks such as PNB, Union Bank, and Canara Bank demonstrated better resilience supported by their Q2 results.
Midcaps and smallcaps extended their downward trend to a fourth consecutive session as the broader market reacted to increased market nerves and volatility.
