Synopsis Indian markets extended losses for a second session on Wednesday, with the Nifty falling 0.34% to 22,811 and the Sensex slipping 0.19% to 73,710.
IT stocks led sectoral gains, with Infosys and HCL Tech topping the gainers, while Bajaj Finance, BSE and Eternal featured among the biggest losers.
By Kumar Gaurav, ETMarkets.com XPeers LKP Securities Share Price AK Capital Services Share Price Master Trust Share Price Prime Securities Share Price Dolat Algotech Share Price Oct 21, 2026, 04:59:00 PM IST Follow us Indian equity benchmarks extended their losing streak to a second consecutive session, with selling pressure broadening beyond frontline stocks.
The Nifty 50 declined 78 points, or 0.34%, to settle at 22,811, while the BSE Sensex shed 143 points, or 0.19%, to close at 73,710.ADVERTISEMENT The broader markets bore the brunt of the sell-off, with the Nifty Smallcap 100 plunging 2.37% and the Nifty Midcap 100 falling 1.58%, significantly underperforming the benchmark indices.Sectoral performance remained mixed, with information technology emerging as the sole major bright spot, gaining 2.88%.
Chemical stocks led losses, while banking shares remained under pressure following disappointing results from private-sector lenders earlier in the week.
Market breadth on the NSE remained negative, with 2,988 stocks advancing against 608 declining, while 102 stocks were unchanged, out of a total of 3,698 stocks traded.
Monday’s developments and Wednesday’s price action indicate weakening momentum, while the potential hidden bearish divergence suggests a possible continuation of the prevailing downtrend, according to Vatsal Bhuva, Technical Analyst at LKP Securities."A cautious stance is advisable, with 22,650–22,700 acting as a crucial support zone around the 200-WMA.
If the index breaks below this zone, accumulated positions from the relief rally should be reviewed or reduced.
Immediate resistance is placed at 23,000," said Bhuva.Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser.
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