Sensex, Nifty end lower as Midcaps tumble; Swiggy suffers biggest single-day fall
CNBC TV18 49 min ago·23 Oct 2026, 10:12 am
The Indian stock market ended the session in the red, with the Nifty 50 and Sensex slipping lower. The broader market was the primary drag, as mid-cap stocks faced significant selling pressure. Swiggy was the standout performer on the downside, recording its steepest single-day decline among major stocks.
This sharp drop in Swiggy’s shares is notable as it highlights the volatility often seen in newly listed companies. For investors, it serves as a reminder that stock prices can be influenced by market-wide trends and investor sentiment, even for companies with strong business fundamentals.
Moving forward, investors should monitor Swiggy’s trading volume and any broader market cues. Keeping an eye on how the stock reacts to the current market volatility will be key to understanding its short-term direction.
Excerpt from CNBC TV18
Published On Oct 23, 2026 | 15:42 IST Last Updated On Oct 23, 2026 | 15:45 IST Indian equity benchmarks ended lower on Friday, with the Sensex falling 126 points and Nifty 50 dropping 88 points, weighed down by a sharp midcap sell-off and banking drag. Swiggy suffered its biggest single-day fall, plunging 17% amid…Read the original at CNBC TV18
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Swiggy (SWIGGY).
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development for Swiggy and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
