Cyient, Swiggy, SSWL among buzzing stocks as SENSEX tumbles over 700 pts; NIFTY trades below 22,500

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red zone during the afternoon session on Friday, October 23, amid a sell-off in consumer durable stocks.

Investor sentiment was impacted by a surge in global crude oil prices, with Brent crude topping the $114 per barrel (bbl) mark due to escalating tensions in West Asia, along with persistent FII outflow.

The SENSEX crashed as much as 1.1% to hit an intraday low of 72,452.37. Meanwhile, the NIFTY50 tanked as much as 1.4% to reach the session’s low of 22,372.

At 1:17 PM, the S&P BSE SENSEX tumbled 738.47 points, or 1.01%, to trade at 72,510.92, while NSE’s NIFTY50 stood at 22,396.55, reflecting a 291.10-point, or 1.28%, plunge.

On Thursday, the foreign institutional investors (FIIs) sold shares worth ₹3,458.70 crore, while the domestic institutional investors (DIIs) bought equities worth ₹2,891.32 crore on a net basis, according to exchange data.

Shares of Tata Steel contributed to the decline of the NIFTY50 index. It was followed by Tata Motors PV, Jio Financial Services, Adani Ports, and Trent, which were among the other top losers.

On the contrary, the top gainers included Eternal, Tata Consultancy Services (TCS), Infosys, HCL Technologies, and Oil and Natural Gas Corporation (ONGC).

Buzzing stocks on October 23: Check list

Crude oil prices in the global market gained 1% to $114.7 per bbl as investors focused on escalating tensions in West Asia and concerns over potential supply disruptions.

The decline in oil prices comes after US President Donald Trump determined that petroleum production and refining were essential to national defence, opening the door for more US fossil fuel projects.

Further, escalating tensions in the Middle East, including between Saudi Arabia and Yemen’s Houthis, and concerns around the Strait of Hormuz are leading to continued and potentially worsening supply disruptions in the region.

V. Srinivasan, Chairman of eMudhra, said the company had handled the incident diligently, revoking the affected certificate authorities (CAs) within 14 hours of discovering the issue and disclosing it promptly.

“There were no end-entity certificates issued out of the affected CAs. Its infrastructure was not compromised; no data was breached. All physical and logical security controls remained intact,” the chairman said.

The sharp sell-off reflects investor concerns over softer-than-expected performance in its key food delivery and quick-commerce businesses, alongside intensifying competition. Comparatively stronger results from rival Eternal have also put the spotlight on Swiggy’s growth momentum and progress towards improving profitability.

Food delivery and quick commerce firm Swiggy on Thursday reported a narrower consolidated net loss of ₹922 crore for the quarter ended September (Q2 FY27), helped by strong revenue growth. Swiggy's net loss stood at ₹1,092 crore during the July-September quarter of 2025-26.

The firm’s consolidated revenue from operations jumped 7.7% QoQ to ₹2,235 crore during the quarter under review, compared with ₹2,075.7 crore in the first quarter of the current fiscal year (Q1 FY27).

Its order intake grew by 20.8% YoY for the reporting quarter, according to a regulatory filing.

Colgate stock dropped as much as 5.8% to touch a 52-week low of ₹1,588 per equity share, after the company reported a drop in margin for the quarter ended September 30, 2026.

The company’s revenue from operations jumped 13% in Q2 FY27 to ₹1,728 crore as compared to ₹1,535 crore on a YoY basis.

Shares of Steel Strips Wheels Ltd (SSWL) gained as much as 19.7% to hit a 52-week high of ₹467.70 apiece on October 23, as the firm posted a 229% YoY surge in its consolidated net profit to ₹116.95 crore in Q2 FY27, compared with ₹35.52 crore in the year-ago period.

Its board of directors declared an interim dividend of ₹1.5 per equity share with a face value of ₹1 each for FY27. It fixed Friday, October 30, 2026, as the record date, and said that the dividend will be paid on or before November 21, 2026.

Godrej Properties shares tumbled as much as 6.2% to reach an intraday low of ₹1,468.40 per unit, as the real estate developer saw its consolidated net profit drop 61.98% YoY to ₹154 crore in the September FY27 quarter, compared with ₹405 crore in the same period of the preceding fiscal year.

However, its consolidated revenue from operations stood at ₹1,935 crore in Q2 FY27, marking a 161.49% YoY increase from ₹740 crore in Q2 FY26.

Zetwerk Manufacturing shares made a decent stock market debut on October 23. Shares of the technology-led manufacturing platform listed at ₹159.2 apiece on the NSE, reflecting a premium of 5.4% over the initial public offering (IPO) issue price of ₹151 apiece.

On the BSE, Zetwerk Manufacturing stock started trading at ₹159, up 5.3% from the issue price.

The company’s initial public offering was subscribed 3.10 times, with bids for 56.6 crore shares compared to 18.2 crore shares on offer, according to the NSE data.

Sahajanand Medical Technologies shares made a strong debut on the bourses on Friday, listing at a 7.9% premium to the issue price. The issue received a stellar response from investors, with a 14.2x oversubscription. The IPO was an entirely offer-for-sale of ₹475 crore.

The shares got listed at ₹373, delivering a premium of 7.9% against the issue price of ₹344 apiece. The allottees received 43 shares each against the one-lot application.

Shares of Bonfiglioli Transmissions Ltd debuted at ₹586 apiece on the NSE and the BSE on Friday, October 23. The listing is at par with the IPO issue price of ₹586 per share.

A lot consisted of 25 shares and cost ₹14,650. Investors who received the Bonfiglioli Transmissions IPO allotment made no gains or losses, as per the listing price on the NSE.

The ₹2,533.66 crore IPO was exclusively an offer for sale (OFS) of 4.32 crore shares by promoter Bonfiglioli S.p.A., with no fresh issue component.

Shares of defence electronics manufacturer Tonbo Imaging India Ltd made a robust debut on the stock exchanges on Friday, October 23. The stock started trading at ₹1,160 per share on the NSE. This reflects a premium of 65.71% over the IPO issue price of ₹700. On the BSE, it listed at ₹1,162, up 66% from the issue price.

A lot consisted of 21 shares and cost ₹14,700. Investors who received the Tonbo Imaging India IPO allotment made ₹9,660 per lot, taking the value of their investment to ₹24,360, as per the listing price on the NSE.

The initial public offering consisted solely of an OFS of 1.22 crore equity shares valued at ₹852.18 crore by promoters and existing shareholders, with no fresh issue component.