Closing Bell: Indian Markets Dip Amid Profit-Taking, Sensex and Nifty End Lower

On October 21, 2024, Indian stock markets were under pressure as investors cashed in on profits during the ongoing Q2 earnings season. Even with HDFC Bank‘s shares rising nearly 3%, both the BSE Sensex and NSE Nifty50 ended the day lower.

The BSE Sensex swung by 959 points during the day, closing at 81,151.27, down 73.48 points or 0.09%. Similarly, the Nifty50 also closed lower at 24,781, with a loss of 73 points or 0.29%.

Sectoral Performance

Most sectoral indices ended lower, except for the auto sector. The FMCG, metal, oil & gas, and media sectors dropped by 1-2 percent. Both the BSE Midcap and Smallcap indices fell by 1 percent each.

Top Gainers and Losers

The biggest losers on the Nifty included Tata Consumer Products, Kotak Mahindra Bank, BPCL, IndusInd Bank, and Bajaj Finserv. In contrast, the gainers were HDFC Bank, Bajaj Auto, Asian Paints, M&M, and Eicher Motors.

Oil Prices

As of October 21, 2024, at 04:06 PM, Brent Crude was trading at $74.11, down by 1.44%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.