Infosys Jumps 4% as Nifty Falls Below 22,500

The market closed sharply lower today, with the Nifty50 dropping 198.50 points (0.88%) to 22,421.95, after touching an intraday low of 22,217.30, a volatile session driven by elevated crude oil prices, rising US bond yields, and continued FII selling. But amid the broad weakness, Infosys stood out clearly. 1)

was today's top gainer by a wide margin, rising 4.11% to close at ₹1,035.00, a strong, standalone move that held up throughout the session even as the broader market slid. 2)HDFC Life Insurance and HDFC Bank rounded out the top gainers, up 2.49% and 1.76% respectively, both financial names providing some counterbalance to the day's overall weakness. 3)Auto stocks were the clear losers, extending this week's rough patch. Bajaj Auto dropped over 7%, with Maruti Suzuki and Shriram Finance also among the biggest decliners, a continuation of the pressure that began with disappointing September sales numbers. 4)IT broadly outperformed today, with the sector benefiting from relative safety as autos, healthcare, and rate-sensitive names bore the brunt of the sell-off, a shift from IT's recent role as a market laggard through much of September.