At market close on October 16, 2024, the Sensex was down 318.76 points or 0.39%, closing at 81,501.36, while the Nifty fell 86 points or 0.34%, closing at 24,971.30.
On the Nifty, top losers included Trent, M&M, Hero MotoCorp, Infosys, and Adani Ports, while gainers were HDFC Life, Dr. Reddy’s Labs, Grasim Industries, Bharti Airtel, and HDFC Bank.
Among sectors, the oil & gas, realty, and telecom indices ended in the green, offering some support amidst the broader market decline.
The intense FII selling pressure throughout October has led to significant market corrections, with concerns about global economic conditions contributing to increased volatility. DIIs, however, continue to offer some stability with their consistent buying activity.
Here are some stocks to watch –
L&T Tech Q2 Results: Revenue up 8% YoY to Rs 2,573 crore, net profit at Rs 319.6 crore
Bajaj Auto Q2 FY25: Revenue up 22% YoY at ₹13,127 crore, Net Profit rises 9% YoY to ₹2,005 crore
CRISIL Reports 10.3% Revenue Growth to ₹811.8 Crore, Net Profit Rises to ₹171.55 Crore in Q3 CY24
Bikaji Foods to Invest ₹131.01 Crore for a 53.02% Stake in The Hazelnut Factory
Ultratech Cement commissions additional 1.2 mtpa grinding capacity in Tamil Nadu
BlackRock and Jio Financial in talks for 50-50 credit venture: Report
Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for ₹270 crore metro project in Maharashtra
RailTel Corporation bags order worth Rs 51 crore from Kavaratti Smart City
Reliance Industries announces bonus shares issue and increase in authorized share capital
Pondy Oxides and Chemicals Q2 Results: Revenues up 46%, PAT doubles YoY
Bharti Airtel acquires 26% stake in AMP Energy C&I Thirty for INR 7.86 crore
