Nifty at 22,600, Sensex drops 126 pts amid rising crude prices

The domestic share market ended on a weak note on Friday as sustained foreign fund outflows and rising crude oil prices weighed on investor sentiment.At close, the Sensex was down 125.56 points or 0.17 percent at 73,123.83, while the Nifty was down 87.65 points or 0.39 percent to close at 22,600.For the week, the BSE Sensex and Nifty 50 snapped their two-week winning streak, declining 2 percent and 2.35 percent, respectively, according to agency reports.

#Market: Sensex and Nifty trade mixed as rising oil prices and West Asia tensions weigh on sentiment. IT stocks gain, while metal, realty and broader markets decline. https://t.co/Lti3vrbIP5

— newsinc24 (@newsinc24) October 23, 2026

Eternal, Apollo Hospitals, Infosys, Tata Consultancy Services (TCS) and Maruti Suzuki were the top gainers on the Nifty, while losers included Shriram Finance, Tata Motors Passenger Vehicles (TMPV), Adani Enterprises, Tata Steel, Jio Financial.On the sectoral front,all the indices ended in the red with Consumer Durable down 3 percent, while Realty, Energy, Metal, PSU Bank down more than 2 percent each.The broader markets underperformed sharply, with the Nifty Midcap and Smallcap indices falling 2.5 percent and 2.9 percent, respectively.
Rupee Close:
On 23 Oct'26,the Indian rupee depreciated for the second consecutive day and fell 12 paise to close at 94.93 (provisional) against the US dollar on Friday, pressured by rising crude prices and sluggish domestic equities, with ongoing Saudi-Houthi tensions threatening to keep oil markets volatile.Forex traders said the rupee is likely to trade with a slight negative bias on global dollar strength and Brent crude prices hovering near $114 per barrel.Renewed tensions between Yemeni Houthis and Saudi Arabia may continue to impact crude oil prices, they said, adding that the US dollar index recovered while 10-year US Treasury yields slipped below the 5 per cent mark.
Trading Guide:
Market experts recommended Titan, Bajaj Auto, TVS Motor and Adani Energy Solutions as the top stocks to buy on Friday.

(Business Correspondent)