October 15, 2024
New Delhi, India
Stock Market Today
The Indian stock market closed lower on Tuesday, with both the BSE Sensex and NSE Nifty50 reversing earlier gains. The Sensex dropped by 153 points, or 0.19%, to close at 81,820.12, while the Nifty50 shed 70.60 points, or 0.28%, settling at 25,057.35. Key drags included auto and metal stocks, while realty and media sectors showed some resilience.
Top Gainers and Losers
- Gainers: ICICI Bank, Bharti Airtel, BPCL, Britannia Industries, and Bharat Electronics were among the top Nifty performers, showing positive momentum.
- Losers: Bajaj Auto, Wipro, Bajaj Finance, Hindalco, and HDFC Life were the biggest drags, with Bajaj Auto shedding over 3%.
Sectoral Performance
- Auto & Metals: The auto sector fell nearly 1%, with Bajaj Auto down 3%, and metals dropped by 1.5%. This weighed heavily on the broader market sentiment.
- Realty & Media: In contrast, the realty index rose 2%, and the media sector gained 0.6%, helping limit losses in other areas.
Midday Market Overview
At midday, the Sensex had fallen by 224 points, while the Nifty was down 83 points. ICICI Bank led the gains, rising nearly 2%, but auto stocks like Bajaj Auto and M&M struggled. Despite positive cues from U.S. markets, investor caution prevailed due to concerns over inflation and upcoming corporate earnings.
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