Stock Markets Suffer Second Consecutive Decline as Nifty Dips Below 19,650

19 Oct 2023 , 03:41 PM

On October 19, benchmark indices recorded their second consecutive decline, and the Nifty closed below the 19,650 mark. The day’s market performance was as follows:

– The Sensex closed at 65,629.24, down 247.78 points or 0.38%.
– The Nifty closed at 19,624.70, down 46.40 points or 0.24%.

In terms of market breadth, approximately 1810 shares advanced, 1759 shares declined, and 129 shares remained unchanged.

Among the notable losers on the Nifty were Wipro, Tech Mahindra, UPL, Sun Pharma, and NTPC. On the other hand, Bajaj Auto, LTI Mindtree, Nestle India, Hero MotoCorp, and UltraTech Cement were among the gainers.

In the sectoral perspective, several sectors saw declines, including banking, metal, power, real estate, oil & gas, and pharma, with losses ranging from 0.3 to 0.9%. However, the auto index managed to register a 0.5% increase.

The BSE Midcap and Smallcap indices ended the day with relatively flat performances.