{
  "id": 16907598,
  "title": "Crude shock and IT slump keep Nifty in the red; Bank stocks limit the damage",
  "url": "https://urgent.news/2026/10/28/crude-shock-and-it-slump-keep-nifty-in-the-red-bank-stocks-limit-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T13:52:54.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/crude-shock-and-it-slump-keep-nifty-in-the-red-bank-stocks-limit-the-damage/article71636120.ece"
  },
  "original_language": "en",
  "account": "Crude oil prices surged following an attack on a Saudi Arabian refinery, while information technology stocks experienced a broad sell-off, causing major Indian equity benchmarks to slip throughout Wednesday. The Nifty 50 closed 0.22% lower at 22,698.85, marking its second consecutive day of decline, while the Sensex fell 352.64 points. Despite this, Bank Nifty rose 292.50 points to 54,267.40, forming a bullish candlestick pattern. The trading session was characterized by significant intraday fluctuations, with the Nifty opening at 22,678 and reaching a low of 22,497.70 within the first 75 minutes before recovering. Cash-market turnover on the NSE rose 8% from the previous session, driven by Jio Platforms' debut volumes of ₹24,265 crore. IT and oil and gas sectors led the decline, each falling over 2%, while Nifty Midcap 100 and Nifty Smallcap 100 gained 0.43% and 0.9% respectively.",
  "summary": "Nifty 50 closed at 22,698.85, down 50.90 points or 0.22%, its second consecutive session of losses and Sensex settled at 73,246.03, down 352.64 points",
  "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."
}