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Sensex, Nifty erase 800-point gain to crash 1.8% from day's high on Wednesday
Sensex erased an over 800-point gain to fall 1.8% from its day's high, with Nifty 50 down 1.8% as well.
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The Sensex and Nifty 50 saw sharp intraday volatility on Wednesday, 21 October, with the Sensex rising more than 800 points to an intraday high of 74,682.19 before erasing all gains and dropping to 73,356.71, over 1,300 points or 1.8% below its high. The Nifty 50 fell 1.8% from its high to 22,702.85. Experts cited Brent crude above $110 per barrel amid West Asia tensions and profit booking at higher levels as factors behind the fall.
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Sensex, Nifty erase 800-point gain to crash 1.8% from day's high on Wednesday
Indian stock markets witnessed extreme intraday volatility on Wednesday, 21 October. The Sensex climbed more than 800 points, or 1.12%, to touch an intraday high of 74,682.19 before erasing all gains. It then dropped to an intraday low of 73,356.71, a fall of over 1,300 points or 1.8% from the day's high. The Nifty 50 similarly crashed 1.8% from its peak to reach 22,702.85. The sharp reversal left investors cautious as benchmarks swung between strong gains and steep losses within a single session.
Why are markets rising today? Sensex up 800 pts intraday, Nifty tops 23,100
VK Vijayakumar of Geojit Investments, said that the improving earnings growth, fair valuations of large-caps, and strong domestic liquidity are likely supporting the market on declines. Stock market today: Indian stock market benchmark indices rallied on Wednesday, with the Sensex surging over 800 points intraday and the Nifty 50 crossing 23,100. The 30-share index opened at 74,337.93 and surged to make a high of 74,682.19, up 830points, or 1.12 per cent. The Nifty 50 index climbed 231 points, or 1.01 per cent, to make a high of 23,120.90 VK Vijayakumar, chief investment strategist, Geojit Investments, said that the improving earnings growth, fair valuations of large-caps, and strong domestic liquidity are likely supporting the market on declines. As of 10:30 AM, the 30-share Sensex pared some of the gains, but traded up 300 points, or 0.40 per cent higher at 74,150, while the Nifty index traded 50 points or 0.21 per cent northward at 22,940. Sensex, Nifty rally today: Key reasons Strong earnings season: Vijayakumar said that since the Q2 results season has started on a positive note and some positive surprises are likely in the broader market, the market action, going forward, will be more stock-specific and results-sensitive. "Despite the external headwinds, this is a stock picker’s market now," he said. The Nifty IT index was the top gainer as it climbed 2.5 per cent.
Stock market outlook today, 21 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues
Stock market prediction for Wednesday, 21 October, 2026: Gift Nifty was trading around the 23,031 level, up nearly 96 points or 0.41% from the Nifty futures’ previous close, indicating a positive opening for the Indian stock market indices. Stock market prediction for Wednesday, 21 October, 2026: The Indian stock market is likely to open in green, as GIFT Nifty signalled positive start on Wednesday, 21 October. Meanwhile, Asian markets traded higher on Wednesday , while US stock futures witnessed a mixed session on Tuesday but rose in the extended session. “Asian equities are offering a more positive lead, buoyed by renewed interest in artificial intelligence-related stocks. Japan’s Nikkei 225 has reportedly advanced more than 1%, while South Korea’s KOSPI has gained over 3%. However, the strength in regional markets may translate into only limited gains for Indian equities, with elevated oil prices and geopolitical risks likely to temper risk appetite,” said Ponmudi R, CEO of Enrich Money. Sensex, Nifty: What happened on Monday? Indian benchmark indices closed sharply lower on Monday, snapping a two-session winning streak amid weak global market cues and losses in private sector lenders HDFC Bank and Axis Bank. The Sensex declined 876.37 points, while the Nifty settled below the 22,900 mark at 22,888.95.The 30-share BSE Sensex fell 876.37 points, or 1.17%, to close at 73,852.9.
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