Nifty Today, 16 October 2026: Closes at 23,146 as IT Index Jumps 3.9%; Sensex Up 414 Points

The Nifty 50 closed at 23,146.15 on Friday, 16 October 2026, up 148.80 points or 0.65%, as IT shares jumped after quarterly results. The Nifty IT index rose 3.92%, its biggest gain among NSE’s sector indices. The BSE Sensex added 413.66 points, or 0.56%, to 74,729.27, BusinessLine reported. Nifty today also wrapped up a strong week: the index gained 2.78% over five sessions, by NSE’s figures.

Nifty today: closing numbers

Source: NSE index data timestamped 16 October 2026, 3:30 PM. Sensex figures are from BusinessLine’s market report, because BSE’s website did not give us readable data.

The Nifty opened at 23,065.10, dipped to a low of 22,913.80 and climbed to a high of 23,149.85, closing near the top of its range. Among Nifty 50 stocks, 26 rose and 24 fell, so the gain was narrow and driven by a few heavyweights.

Why IT stocks led

Tech Mahindra was the top Sensex gainer, up 8.45%, after it reported a 32.74% rise in consolidated net profit to ₹1,585.6 crore for July–September and approved a 1:1 bonus issue, subject to approvals, according to BusinessLine. TCS, Infosys and HCLTech were also among the major gainers. Wipro rose in early trade after its revenue beat estimates, while Persistent Systems fell about 3% after a 25% drop in quarterly profit.

The Nifty IT index is up 11.72% for the week, from 28,574.90 last Friday, on our calculation from NSE data. BusinessLine linked the rally to strong results and a rotation from global AI stocks into software companies. A weaker rupee, near 95 to the dollar, also helps IT exporters, whose revenue is largely in dollars.

Source: BusinessLine’s live market blog, 16 October. Intraday moves are as reported at the time and may differ from closing prices.

Sectors: winners and laggards

Source: NSE. InterGlobe Aviation, Reliance Industries, Asian Paints and Bharat Electronics were among the biggest Sensex laggards, BusinessLine said. Yes Bank fell 2.87% after a 13% drop on Thursday, following the Supreme Court’s AT1 bond ruling.

Banks and the broader market

Banking stocks did little. The Nifty Bank index added just 0.06% and Nifty Financial Services 0.09%, though the PSU Bank index rose 0.67%. Federal Bank shares were up about 2% in the afternoon after it posted a record quarterly profit, BusinessLine said, and UCO Bank reported a 27% rise in quarterly profit to ₹786 crore.

Beyond the top 50 companies, the picture was flat. The Nifty Midcap 100 slipped 0.11% and the Smallcap 100 was almost unchanged. Wider indices did a little better: the Nifty Next 50 rose 0.46% and the Nifty 500 gained 0.40%. Among midcaps, Indian Hotels and Indian Bank were among the gainers, while Apar Industries and Mankind Pharma fell, according to BusinessLine’s midcap list.

Source: NSE.

Nifty today vs the past week

Source: NSE’s one-week-ago values; changes are our calculations. BusinessLine put the Sensex’s weekly gain at 3.11%. Even after this week, the Nifty is about 12% below its 52-week high of 26,373.20 and about 4% above its 52-week low of 22,179.90, per NSE.

Money flows, rupee and oil

• Foreign investors sold a net ₹5,285 crore in the cash market on Thursday, while domestic institutions bought ₹3,319 crore, per provisional data cited by BusinessLine. Our report on FPI selling in September explains how these numbers are counted.
• Rupee: It ended at 94.96 per dollar, up from 95.05, BusinessLine reported. See our dollar to rupee guide for what moves it.
• Brent crude slipped 0.3% to about $105.6 a barrel. High oil prices remain a worry for India’s import bill and inflation.

What to watch next week

1. A short week. Markets are closed on Tuesday, 20 October, for Dussehra, so there are four trading sessions.
2. The Jio Platforms IPO. Anchor bidding is on Monday, and the issue opens on Wednesday, 21 October. Details are in our Jio Platforms IPO guide.
3. More results. Federal Bank reported a record quarterly profit of ₹1,386 crore on Friday, and PNB, DLF and others were due to report after market hours, per BusinessLine.
4. Market rules. SEBI’s new closing auction and expiry-day rules, issued on Thursday, take effect only from 7 December, so trading next week runs on current timings.

What this means for your portfolio

Nifty today is up, but a one-day or one-week rally does not change long-term plans. The Nifty is still below where it was a year ago. If you invest through SIPs, the instalments continue regardless of daily moves. If an IT rally has made one sector a much bigger part of your portfolio than you intended, that may be a reason to review your allocation with your adviser, not to chase further gains. For an earlier example of how a single session can swing, see our 5 October Sensex report.

FAQs

Where did Nifty close today, 16 October?

At 23,146.15 on 16 October 2026, up 148.80 points (0.65%), per NSE.

How much did Sensex gain today?

413.66 points, or 0.56%, to 74,729.27, per BusinessLine.

Which sector gained the most?

IT. The Nifty IT index rose 3.92% on the day and 11.72% for the week.

Is the market open on Monday and Tuesday?

Monday, 19 October, is a normal trading day. Tuesday, 20 October, is a holiday for Dussehra.

Takeaway: Nifty today rose 0.65% to 23,146.15 as IT stocks rallied 3.92% after results, capping a 2.78% weekly gain. Next week has four sessions and the Jio Platforms IPO; long-term investors need not react to one week’s moves.