Stock Market Update 16 October 2026: Sensex Drops Over 150 Pts; Nifty 50 Below 23,000 In Early Trading

The Indian stock market indices opened almost flat and then traded in the red in early trading on Friday, 16 October 2026.

At around 9:40 AM:

• The Sensex was down by 164.29 points (0.22%) to trade at 74,151.32.

• The Nifty 50 was down by 38.55 points (0.17%) to trade at 22,958.80.

On Thursday, 15 October 2026, bulls took full control of the market, and benchmark indices closed firmly in the positive. At the closing bell, the Sensex stood at 74,315.61, up 2.11%. The Nifty 50 stood at 22,997.35, up 1.66%.

How Are Other Indices Performing?

Apart from the Sensex and the Nifty 50, other broader indices also traded in the red during early trading on Friday.

At around 9:40 AM, Bank Nifty was down 194.70 points (0.35%) to trade at 55,615.80. The Nifty Financial Services index was also down by about 167 points (1.66%) to trade at 25,197.10.

Sectoral indices, meanwhile, traded in mixed directions:

• Nifty Auto was down 0.19%.

• Nifty FMCG was down 0.69%.

• Nifty PSU Bank was up 0.18%.

• Nifty Realty was down 0.60%.

• Nifty Commodities was down 0.53%.

• Nifty Private Bank was down 0.45%.

• Nifty Metal was up 0.27%.

• Nifty Pharma was down 0.37%.

• Nifty IT was up 2.71%.

Top Gainers And Losers

Here are the top gainers and losers on Nifty, as of 9:46 AM on Friday:

What About The Global Markets?

Most global markets were in the green on Friday morning.

• S&P 500 futures were little changed as of 11:58 AM Tokyo time.

• Nikkei 225 futures (OSE) rose 1.3%.

• Japan’s Topix rose 1.8%.

• Australia’s S&P/ASX 200 rose 0.9%.

• Hong Kong’s Hang Seng rose 1.3%.

• The Shanghai Composite rose 0.8%.

• Euro Stoxx 50 futures rose 0.7%.

Other Important Updates

• Crude Oil Prices: Crude oil prices edged lower on Friday amid the possibility of US measures to ease restrictions on tankers operating in the ‘shadow fleet’.

• Gold Edges Lower: Gold prices eased a bit on Friday after climbing over 1% during the previous session.

• Rupee Opens Higher: The Indian National Rupee (INR) opened 33 paise higher at 94.72 per US dollar on Friday.

Also Read - SEBI Revises Closing Auction Session Rules And Derivatives Settlement Methodology Under New Framework In India