{
  "id": 12817332,
  "title": "Nifty slides below 22,300 at noon; Adani entities, ITC, metal stocks take a beating",
  "url": "https://urgent.news/2026/10/08/nifty-slides-below-22-300-at-noon-adani-entities-itc-metal-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T07:48:50.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nifty-slides-below-22300-at-noon-adani-entities-itc-metal-stocks-take-a-beating/article71558794.ece"
  },
  "original_language": "en",
  "account": "The Nifty 50 fell 311 points to 22,291.85 by midday on Thursday, a decline of 1.38 per cent, while the Sensex dropped 889.76 points to 71,748.94, representing a 1.22 per cent decrease. The India VIX surged over 5 per cent, signaling heightened market volatility and investor anxiety. BSE market breadth was heavily negative, with 3,176 stocks slipping and only 986 advancing. A record number of 235 stocks hit fresh 52-week lows, compared to 113 that reached 52-week highs. Adani Enterprises suffered the steepest plunge among Adani entities, eroding 6.57 per cent to ₹2,562.90, while Adani Ports declined 3.97 per cent to ₹1,680.70. ITC and JSW Steel also took significant hits, each down 4.08 per cent and 4.07 per cent respectively. Max Healthcare was among the major laggards, falling 3.76 per cent to ₹873.90. Reliance Industries and HDFC Bank were the biggest contributors to the Nifty's decline. The IT sector, however, showed resilience with TCS and Infosys managing gains. Nifty Metal and Nifty Realty both faced sharp pressure due to higher borrowing costs following the RBI's 25-basis-point rate hike. Despite some positive movement in the IT sector, all major sectoral indices, except for IT, were trading in the red. The next key support for the Nifty is the 22,190–22,210 band, with a breach below 22,190 potentially exposing the index to lower levels.",
  "summary": "Sensex drops 890 points; Adani Enterprises lose most among Nifty companies",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "IT stocks lift Nifty despite rate hike, FII selling pressure",
        "url": "https://urgent.news/2026/10/08/it-stocks-lift-nifty-despite-rate-hike-fii-selling-pressure",
        "published": "2026-10-08T04:12:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}