{
  "id": 17220891,
  "title": "Nifty reclaims 23,000 to end October on a positive note; IT and Pharma lead, midcaps bleed",
  "url": "https://urgent.news/2026/10/30/nifty-reclaims-23-000-to-end-october-on-a-positive-note-it-and-pharma",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T11:47:40.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nifty-reclaims-23000-to-end-october-on-a-positive-note-it-and-pharma-lead-midcaps-bleed/article71644850.ece"
  },
  "original_language": "en",
  "account": "As October drew to a close, India's stock markets closed on a more positive note, with benchmark indices posting gains for the third straight day. The Nifty 50 rose 0.51 per cent to close at 23,053, marking the index's first close above the 23,000 mark in eight sessions. The Sensex also gained 0.42 per cent, reaching 74,459.53. While the headline figures showed improvement, the gains were tempered by significant weakness beneath the surface. Only 108 stocks rose within the Nifty 500 universe, while both the Nifty Midcap 100 and Nifty Smallcap 100 ended lower, falling 0.93 per cent and 1.85 per cent respectively. Market breadth was poor, as nearly two and a half times as many stocks fell compared to those that rose. Sector-wise, IT, healthcare, and pharma led the rally, attracting buying interest. Trent surged nearly 7 per cent after strong second-quarter results, while Zudio crossed the 1,000-store milestone. However, capital goods, industrials, telecom, auto, PSU banks, media, and consumer durables lagged behind. Adani Ports and Shriram Finance were among the key laggards for the week. The dominant macro concern remained crude oil, with Brent December futures surging to $117.8 a barrel, their highest level since April. Gold and silver also faced pressure, with spot gold slipping below $3,970 an ounce and silver tumbling more than 3 per cent to around $50.4 an ounce. The rupee strengthened slightly against the dollar, bucking the commodity pressure. Looking ahead, the week will bring a heavy earnings calendar and the US midterm elections on November 3, which could keep volatility elevated. Indian equities are expected to remain range-bound with bouts of volatility, with 22,800 seen as the key support for the Nifty.",
  "summary": "Nifty 50 gained 0.51% to close at 23,053, reclaiming the 23,000 mark for the first time in eight sessions, while the Sensex rose 0.42% to 74,459.53",
  "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."
}