NIFTY 50 Index Drops Below 23,000 Mark in Intraday Trade on October 26, 2026

The NIFTY 50 Index opened the October 26, 2026, session with a weak outlook at 22,524.40 and registered an intraday high of 22,706.15 soon after opening. The index later touched an intraday low of 22,387.35. 

NIFTY 50 Index Performance on October 26, 2026 

The NIFTY 50 index opened below its previous close at the 22,524.40 level and hit an intraday high of 22,706.15. 

As the session progressed, sustained selling pressure emerged, dragging the index down by over 210 points from its previous close to touch a low of 22,387.35. 

At 11:48 AM, the index was trading at 22,554.95, down by 45.05 points or 0.20% on October 26, 2026. 

Advance Decline Ratio of NIFTY 50 Index on October 26, 2026 

The market breadth of NIFTY 50 remained extremely weak during the morning session on October 26, 2026, with 16 stocks advancing and 34 stocks declining. 

Heavy liquidation was observed across index heavyweights, leaving the vast majority of index constituents in the red. 

Top Gainers and Losers of NIFTY 50 Index on October 26, 2026 

The market index recorded sharp downward movements across its constituents during the session as of 11:48 AM. 

Among the gainers, Dr. Reddy's Laboratories (DRREDDY) led the advance with a Last Traded Price (LTP) of 1,283.80, gaining 54.30 points (+4.42%). 

It was followed by BSE (BSE), which rose by 121.20 points (+3.75%) to an LTP of 3,352.00. 

JSW Steel (JSWSTEEL) also traded firm at an LTP of 1,213.50 with a value increase of 28.00 points (+2.36%),while Kotak Mahindra Bank (KOTAKBANK) rounded out the top gainers at an LTP of 439.20, adding 8.70 points (+2.02%). 

Conversely, heavy selling pressure was observed among the top losers, Shriram Finance (SHRIRAMFIN) dropped the sharpest in percentage terms, falling by 43.15 points (-4.99%) to an LTP of 821.85. 

Tata Consumer Products (TATACONSUM) also faced notable corrections, shedding 33.10 points (-3.43%) to reach an LTP of 930.80. 

HDFC Life Insurance Company (HDFCLIFE) lost value, decreasing by 9.10 points (-1.74%) to trade at an LTP of 514.65, while Bajaj Finance (BAJFINANCE) slid close behind, dropping by 14.90 points (-1.60%) to cross an LTP of 914.05. 

Read More: Jindal Steel Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 42.7% YoY! 

Conclusion 

On Monday, October 26, 2026, the NIFTY 50 Index traded with losses of 0.20% by midday, weighed down by widespread risk-off sentiment. Pressure in Shriram Finance, Tata Consumer Products and HDFC Life Insurance Company dragged the index lower even as a few constituents showed relative resilience. 

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