{
  "id": 15883085,
  "title": "Markets end lower as oil gains and earnings weigh on markets",
  "url": "https://urgent.news/2026/10/21/markets-end-lower-as-oil-gains-and-earnings-weigh-on-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T11:35:40.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/markets-end-lower-as-oil-gains-and-earnings-weigh-on-markets/article71607229.ece"
  },
  "original_language": "en",
  "account": "Markets experienced a strong opening on Wednesday but ultimately closed lower for the second day in a row, impacted by rising crude oil prices, poor earnings reports and uncertainty ahead of a major IPO. The Nifty 50 ended at 22,811.35, down 0.34 percent, after peaking at 23,120.90 intraday before dropping nearly 460 points to a low of 22,649.90. The Sensex finished at 73,706, slipping around 0.19 percent. Bank Nifty fell 0.92 percent to close at 54,976.90, down 511 points. Religare Broking's Ajit Mishra noted that while the benchmark indices started positively, selling pressure grew as the day wore on, particularly in the broader market. Nifty Midcap 100 declined 1.58 percent and Nifty Smallcap 100 slipped 2.37 percent. Market breadth was overwhelmingly negative, with only 64 stocks closing higher against 431 in the red within the Nifty 500. India VIX rose to 15.67, indicating heightened near-term uncertainty. Brent crude prices surged above $110 per barrel, driven by conflicting reports on Gulf supply disruptions. Earnings reports from SML Isuzu and Vishal Mega Mart weighed on sentiment, with the former hitting a 10 percent lower circuit and the latter falling 6 percent on margin pressure. The upcoming Jio Platforms IPO was seen as a potential drain on secondary market liquidity. IT stocks showed resilience, with Nifty IT rising 2.88 percent to an eight-month high, buoyed by strong performances from Infosys, TCS and HCL Technologies. The Indian rupee strengthened to 94.49 against the US dollar, its highest level in six weeks, aided by RBI intervention and foreign inflows. Markets will likely focus on upcoming earnings, US crude inventory data and Gulf geopolitical developments in the coming week.",
  "summary": "Nifty 50 closes at 22,811.35, down 77.60 points or 0.34%; Sensex settles at 73,706, down around 143 points or 0.19%",
  "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."
}