Top gainers and losers, October 22: Nestle, Eternal tumble 3%; Bajaj Finance shares jump 3%

“Indian equity benchmarks extended their losing streak to a third consecutive session, as persistent selling pressure and weak global cues weighed on sentiment. The market opened lower and extended losses in early trade, with the Nifty 50 falling more than 1% intraday, before late-session buying helped trim the decline,” said Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm.

He further stated that crude oil was the main drag, with WTI near $100 a barrel, while rising US-Iran tensions in West Asia and fears of supply disruption revived worries over inflation and the import bill.

“The rupee also weakened today, reversing course to trade near 94.8 against the dollar after eight straight sessions of gains. The broader market stayed weak, and global cues stayed negative, with a broad sell-off across Asian markets,” Ponmudi R added.

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.

The SENSEX dropped as much as 0.96% to hit an intraday low of 73,005.11. Meanwhile, the NIFTY50 tumbled as much as 1.12% to touch the session’s low of 22,554.85.

On October 22, the SENSEX closed at 73,249.39, reflecting a 460.30-point or 0.62% decline, while the NIFTY50 ended lower by 123.70 points or 0.54% at 22,687.65.

NIFTY50 top gainers and losers

The 50-share NIFTY index was dragged down by selling in the shares of Nestle India, which closed 2.78% lower, as food regulator FSSAI issued notices to the company, as well as Zydus Wellness, over "misleading claims" in certain products and asked the companies to provide scientific proof to support their advertisements.

In a social media post, the Food Safety and Standards Authority of India (FSSAI) said it has issued notices to Nestle India for misleading claims and non-compliant promotions involving two food products, 'Lactogen Pro 1 Powder' and 'Nan Excella Pro Stage 1'.

It was followed by Eternal (-2.53%), HDFC Life Insurance Company (-2.09%), Tata Motors PV (-2.07%), and Reliance Industries Ltd (RIL) (-2.03%), which were among the other top losers.

On the other hand, the top gainers included Bajaj Finance (1.74%), Cipla (1.29%), UltraTech Cement (1%), ICICI Bank (0.97%), and Bajaj Auto (0.82%).

NIFTY Midcap 100 top gainers and losers

NSE’s midcap gauge, the NIFTY Midcap 100, fell by 501.90 points, or 0.87%, to close at 57,063.95 on Thursday.

The top laggards included KEI Industries (-8.45%), Swiggy (-5.48%), Kalyan Jewellers India (-4.78%), Exide Industries (-4.19%), and Oracle Financial Services Software (OFSS) (-4.09%).

On the flip side, Indian Hotels Company Ltd (IHCL) ended 3.89% higher. The stock hit its 52-week high on October 22, after the company upgraded its consolidated revenue guidance for FY27 by 300 basis points bps to 15-17% from 12-14% earlier.

Furthermore, IHCL reported a 22.7% year-on-year (YoY) surge in its consolidated net profit to ₹349.49 crore in the July-September quarter of the 2026-27 financial year (Q2 FY27), as against ₹284.92 crore in the same period last year.

The company saw its consolidated revenue from operations climb 21.73% YoY to ₹2,484.32 crore during the quarter under review, from ₹2,040.89 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

The other top winners were PB Fintech (2.97%), Aurobindo Pharma (2.03%), The Phoenix Mills (1.89%), and SBI Cards and Payment Services (1.50%).

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 ended at 18,275.90, reflecting a 211.40-point or 1.14% decline on October 22.

The top losers included Cupid (-6.38%), Gallantt Ispat (-5.88%), HFCL Ltd (-5%), Aarti Industries (-4.89%), and Sterlite Technologies (-4.85%).

On the contrary, Kaynes Technology India (4.08%), Sagility (2.21%), Acutaas Chemicals (2.14%), Pine Labs (1.98%), and Piramal Pharma (1.96%) were among the top gainers.