{
  "id": 14918206,
  "title": "IT stocks power Nifty above 23,100 in mid-session trade; aviation, FMCG drag",
  "url": "https://urgent.news/2026/10/16/it-stocks-power-nifty-above-23-100-in-mid-session-trade-aviation-fmcg",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T09:07:23.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/it-stocks-power-nifty-above-23100-in-mid-session-trade-aviation-fmcg-drag/article71591531.ece"
  },
  "original_language": "en",
  "account": "The BSE Sensex and NSE Nifty 50 indices both powered past the 23,100 mark on Friday, marking a key breakout trigger for analysts. Tech Mahindra led the tech sector's rally, surging 8.04% to ₹1,782.60, while TCS and Infosys also gained ground. Telecom and automobile stocks added to the upward momentum, with Bharti Airtel and Mahindra & Mahindra both rising. However, aviation stocks, particularly IndiGo, dragged the market lower with a 2.87% drop to ₹4,641.00. The Nifty FMCG index saw the most significant losses, becoming the worst-performing sectoral index. BSE's market breadth was positive but not decisive, with more stocks advancing than declining in volume. Overall, the market exhibited cautious optimism, with the Nifty's advance-decline ratio at 26:24 and a strong support level at 22,960–22,980.",
  "summary": "Information technology stocks continued to anchor the rally. Tech Mahindra was the top performer on the Nifty 50, surging 8.04 per cent to ₹1,782.60 after touching an intraday high of ₹1,797.00.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}