Stock market midday update: Nifty 50 at 23,946.90 down 0.65%, Sensex at 76,595.98 down 0.65%, Nifty metal at 12,742.35 down 2.66%
As of midday trading on 23 June 2026, the Indian stock market is experiencing a downturn, with both the Nifty 50 and the Sensex declining by 0.65% from their opening levels. The Nifty 50 is currently at 23,946.90, while the Sensex stands at 76,595.98. The Nifty Metal index is leading the sectoral declines with a significant drop of 2.66%, indicating a challenging session for metal stocks.
Index movements
The Nifty 50 opened at 24,071.30 and has seen a high of 24,135.50 and a low of 23,917.30 during the session. The index’s trajectory shows a steady decline from its morning high, reflecting a cautious sentiment among investors. Similarly, the Sensex opened at 77,086.05, reaching a high of 77,194.83 and a low of 76,501.52, mirroring the Nifty’s downward trend. The Bank Nifty also faced pressure, currently at 57,446.05, down 0.84% from its opening level of 57,886.75.
Sectoral performance
Sectoral indices are showing mixed performances. The Nifty Metal index is the most significant decliner, currently at 12,742.35, down 2.66% from its opening. The Nifty IT index is also under pressure, down 2.00% at 27,075.70. Other sectors such as Nifty PSU Bank and Nifty Media are down by 1.59% and 1.20%, respectively. On the positive side, the Nifty Pharma index is up by 1.27%, trading at 25,076.70, indicating some resilience in the pharmaceutical sector.
Market breadth
The broader market indices are also reflecting a bearish sentiment. The Nifty 100 is down 0.74% at 25,024.00, while the Nifty 500 has declined by 0.69% to 23,101.15. Midcap indices are not spared, with the Nifty Midcap 100 down 0.70% at 62,291.70 and the Nifty Midcap 50 declining by 0.61% to 17,691.05.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 24,071.30 | 24,135.50 | 23,917.30 | 23,946.90 | -0.65% |
| Sensex | 77,086.05 | 77,194.83 | 76,501.52 | 76,595.98 | -0.65% |
| India VIX | 12.84 | 13.91 | 12.43 | 13.59 | +5.84% |
| Nifty Metal | 12,987.70 | 12,987.70 | 12,715.70 | 12,742.35 | -2.66% |
| Nifty IT | 27,416.45 | 27,428.50 | 27,045.95 | 27,075.70 | -2.00% |
| Nifty PSU Bank | 8,778.95 | 8,782.20 | 8,611.20 | 8,624.35 | -1.59% |
| Nifty Pharma | 24,863.90 | 25,294.50 | 24,838.80 | 25,076.70 | +1.27% |
| Nifty Media | 1,541.40 | 1,550.20 | 1,511.45 | 1,518.55 | -1.20% |
| Nifty Energy | 40,850.05 | 40,879.05 | 40,299.40 | 40,389.70 | -0.94% |
| Bank Nifty | 57,886.75 | 57,970.90 | 57,368.00 | 57,446.05 | -0.84% |
| Nifty 100 | 25,182.55 | 25,230.45 | 24,988.60 | 25,024.00 | -0.74% |
| Nifty Midcap 100 | 62,817.45 | 62,909.55 | 62,168.40 | 62,291.70 | -0.70% |
| Nifty 500 | 23,260.00 | 23,302.25 | 23,064.15 | 23,101.15 | -0.69% |
| Nifty Midcap 50 | 17,818.05 | 17,853.80 | 17,654.50 | 17,691.05 | -0.61% |
| Nifty Auto | 26,718.65 | 26,732.65 | 26,495.75 | 26,541.50 | -0.61% |
| Nifty FMCG | 49,269.80 | 49,514.60 | 49,131.90 | 49,177.30 | -0.36% |
| Nifty Realty | 814.75 | 832.30 | 812.15 | 814.30 | -0.10% |
Market outlook
As the session progresses, investors will be closely monitoring any developments that could influence market sentiment further. The significant decline in the Nifty Metal index suggests sector-specific challenges, while the resilience in the Nifty Pharma index may offer some optimism. Market participants will be looking for cues from global markets and domestic economic indicators to gauge the direction of future movements.
Data as on Jun 23, 2026, 12:30 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.
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