Compiled from reports by IBTimes India, The Tribune and Asianet Newsable. See the original articles linked below.
This article reports news and is not financial advice.
Indian share indices began Wednesday's session higher, with the Nifty 50 returning above the 23,000 mark, as hopes of a trade agreement between India and the United States supported sentiment, according to IBTimes India, The Tribune and Asianet Newsable.
The moves
IBTimes India reported that the Sensex climbed roughly 571 points, or 0.77%, to 74,423.79 in early trade on 21 October. The Nifty 50 gained about 167 points, or 0.73%, to 23,055.70, the outlet said. The Tribune, carrying a report from the news agency ANI, gave the same approximate figures and said the benchmarks opened higher because of expectations around a possible India-US trade deal. Asianet Newsable, also citing ANI, put the Sensex at 74,423.79 and the Nifty at 23,055.70.
Sectors and individual shares
All three outlets described information technology shares as the leading sector. IBTimes India and The Tribune put the Nifty IT index up 2.03%. The Tribune added that the PSU bank index rose 0.74% and the metal index 0.70%, while the media index was the only major sectoral gauge in negative territory, down 0.15%.
Among individual companies, IBTimes India said Infosys gained 2.47% and Tata Consultancy Services 2.08%. Asianet Newsable listed Infosys, TCS and UltraTech Cement among the leading Nifty 50 gainers. On the losing side, IBTimes India reported that Bajaj Finance fell 2.32% and Bajaj Finserv slipped 0.49%. The Tribune and Asianet Newsable also named Bajaj Finance as the biggest decliner.
Factors cited as weighing on sentiment
IBTimes India said Brent crude rose 1.43% to about $110.34 per barrel, and noted that higher oil prices could widen India's import bill and put pressure on inflation and company profits. The Tribune and Asianet Newsable likewise said crude near $110 a barrel and elevated US bond yields kept the mood cautious.
IBTimes India and The Tribune also pointed to the Jio Platforms initial public offering, which opened for subscription on the same day, and to the continuing September-quarter earnings season.
Analyst comments
V K Vijayakumar of Geojit Investments was quoted by the outlets as saying that external pressures could keep a sell-on-rally pattern going in the near term. IBTimes India reported that he also said strong earnings, reasonable valuations in large-cap shares and domestic liquidity could provide support during corrections. The Tribune reported that he described the environment as a stock picker's market.
Technical analyst Vipin Dixena identified 23,000 to 23,100 as the immediate resistance zone for the Nifty, according to IBTimes India, The Tribune and Asianet Newsable. All three reported his support range as 22,800 to 22,700.
The figures above reflect early-session trading as reported by the outlets, and levels may have changed as the day progressed.
Sources
- Sensex jumps 571 points, Nifty reclaims 23,000 as India-US trade deal hopes lift sentiment (IBTimes India, 2026-10-21)
- Sensex jumps 571 points, Nifty rises 167 points on India-US trade deal optimism (The Tribune, 2026-10-21)
- Sensex, Nifty open higher on trade deal hopes; crude oil a concern (Asianet Newsable, 2026-10-21)
This article was compiled with AI assistance from the reports listed above and reviewed by GMA before publishing.