Sensex slips 400 pts; IT stocks shine amid sell-off

Indian markets are trading weak today (Oct 23, 2026): Sensex is down over 300 points at ~72,850, while Nifty has slipped below 22,500. IT stocks are the only bright spot, with TCS, Infosys, and HCL Tech gaining, while metals, autos, and banks drag indices lower. Globally, Nasdaq fell 2.6% overnight, sparking risk-off sentiment across Asia. 📉 India Market Snapshot (Oct 23, 2026, 10:15 AM IST) Sensex: 72,847.43 (▼401.96, -0.54%) Nifty 50: 22,491.20 (▼196.46, -0.87%) Nifty Bank: 54,237.90 (▼1.25%) Nifty IT: 32,398.65 (▲0.99%) – only sector in green Midcap & Smallcap: Down ~2–2.5%, showing broader weakness Top Gainers Cyient Ltd: ▲7.5% after strong Q2 revenue growth TCS: ▲2.7% Infosys: ▲1.6% HCL Tech: ▲1.2% Top Losers Adani Energy Solutions: ▼4.5% ABB India: ▼5.4% Hitachi Energy India: ▼5.1% BHEL: ▼4.7% 🌍 Global Market Cues US Markets (Oct 22, 2026): Nasdaq: ▼2.6% (biggest drop since June, led by tech sell-off) S&P 500: ▼1.2% Dow Jones: Flat (+0.02%) Bond yields: US 10Y fell to 4.95% (risk-off buying in Treasuries) Asia Today: Nikkei 225: ▼0.99% Hang Seng: ▲0.58% ASX 200: ▼0.10% Shanghai Composite: ▼1.2% Europe Futures: Euro Stoxx 50 flat to slightly negative ⚠️ Key Factors Driving Markets Crude Oil: Brent above $113/barrel due to Middle East tensions, hurting oil-sensitive stocks. Weak Rupee: Trading near ₹94.9/USD, adding import cost pressures. Global Tech Rout: Nasdaq slump spilling over into Indian sentiment. FII Selling: Foreign investors net sold ₹3,458 crore yesterday, while DIIs bought ₹2,891 crore. 📌 What to Watch Today Jio Platforms IPO: Final subscription day; bids already crossed ₹1 lakh crore. Corporate Earnings: Infosys, Kotak Bank, HPCL, and Nuvoco Vistas results in focus. Sector Trends: IT stocks showing resilience; metals, autos, and PSU banks under pressure.