Sensex and Nifty in Red on October 16, 2024

16 Oct 2024 , 02:11 PM

As of 2:00 PM on October 16, 2024, both Sensex and Nifty indices are witnessing downward trends in the stock market.

The Sensex has fallen by 244 points (0.30%), bringing the index to 81,571 points. Nifty has dropped by 71.30 points (0.28%), lowering the index to 24,988 points. On the NSE, market sentiment is mixed, with 1,179 stocks advancing and 1,304 stocks declining.

Top gainers on the Sensex include Reliance, Bharti Airtel, HDFC Bank, and Asian Paints, contributing to upward movement. Major decliners on the Sensex are M&M, Nestle, JSW Steel, and Titan Company, applying downward pressure. HCL Tech has hit its 52-week high during today’s trading session.

On the Nifty, key gainers are HDFC Life, Dr. Reddy’s Labs, Grasim, and HDFC Bank, showing similar performance trends as the Sensex. Notable losers on the Nifty include Trent, M&M, Hero MotoCorp, and Nestle. HCL Tech has also reached its 52-week high on the Nifty index.

The broader market presents mixed results, with the BSE Midcap index slightly down by 0.15%, while the BSE Smallcap index is marginally up by 0.010%.