India, Oct. 23 -- The Indian stock market came under pressure on Friday, October 23, after an upbeat opening gave way to heavy selling across sectors. The BSE Sensex and NSE Nifty 50 reversed their early gains as rising crude oil prices and weakness in broader markets weighed on investor confidence.

The Sensex, which had opened more than 400 points higher, dropped nearly 1,100 points from its intraday peak. The Nifty 50 also slipped below the 22,500 mark, while metal, real estate and consumer durable stocks recorded some of the steepest losses.

At the same time, investors continued to track the strong response to the Jio Platforms IPO, which was nearing the end of its subscription period.

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