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Sensex and Nifty Slide Over 1 Percent As PSU Bank Stocks Gain On Q2 Results
M
Moneycontrol•19-10-2026, 15:03
Sensex and Nifty Slide Over 1 Percent As PSU Bank Stocks Gain On Q2 Results
- •Indian equity markets ended sharply lower on weekly expiry day with Sensex and Nifty sliding over 1% and Nifty slipping below the 23,000 mark.
- •IT index snapped its four-day winning streak with Infosys falling over 3% ahead of its quarterly results.
- •PSU banks like PNB, Union Bank and Canara Bank outperformed the market supported by their strong Q2 numbers.
- •Broader markets remained under pressure as Midcap and Smallcap indices extended losses for the fourth straight session and India VIX jumped 6%.
- •The Indian Rupee fell 32 paise following last week's best run in four years while Brent crude eased to $107 a barrel.
Key Questions Answered
Indian equity markets ended the session sharply lower on weekly expiry day, with both the Sensex and Nifty sliding more than 1% and the Nifty slipping below the 23,000 mark.
PSU banks such as Punjab National Bank (PNB), Union Bank, and Canara Bank outperformed on their Q2 numbers, even though Bank Nifty ended in the red.
The IT index snapped its four-day winning streak by shedding nearly 2%, while Infosys fell over 3% ahead of its Q2 results.
