Nifty 17469.75 (1.71%)
Sensex 58641.75 (1.75%)
Nifty Bank 37284.7 (1.82%)
Nifty IT 35951.7 (1.93%)
Nifty Financial Services 18291.7 (1.74%)
Adani Ports 762.00 (2.32%)
Asian Paints 3110.00 (2.63%)
Axis Bank 695.90 (1.30%)
B P C L 391.45 (0.94%)
Bajaj Auto 3326.00 (1.20%)
Bajaj Finance 7360.00 (3.62%)
Bajaj Finserv 17600.00 (2.87%)
Bharti Airtel 715.95 (2.45%)
Britannia Inds. 3570.00 (2.76%)
Cipla 898.90 (1.09%)
Coal India 151.00 (0.23%)
Divis Lab. 4610.00 (-0.32%)
Dr Reddys Labs 4570.70 (1.11%)
Eicher Motors 2500.00 (1.14%)
Grasim Inds 1718.00 (1.93%)
H D F C 2854.95 (1.33%)
HCL Technologies 1170.05 (1.77%)
HDFC Bank 1553.50 (1.82%)
HDFC Life Insur. 686.30 (-1.17%)
Hero Motocorp 2490.95 (1.18%)
Hind. Unilever 2338.60 (0.73%)
Hindalco Inds. 456.40 (3.14%)
I O C L 120.50 (-0.08%)
ICICI Bank 753.55 (2.57%)
IndusInd Bank 943.20 (1.79%)
Infosys 1752.40 (2.38%)
ITC 224.70 (1.84%)
JSW Steel 673.00 (1.87%)
Kotak Mah. Bank 1921.95 (-0.78%)
Larsen & Toubro 1823.40 (1.41%)
M & M 839.90 (1.69%)
Maruti Suzuki 7415.55 (3.19%)
Nestle India 19469.70 (0.65%)
NTPC 127.40 (1.64%)
O N G C 148.50 (1.78%)
Power Grid Corpn 205.10 (-0.34%)
Reliance Industr 2420.95 (1.64%)
SBI Life Insuran 1171.00 (1.02%)
Shree Cement 26106.90 (1.40%)
St Bk of India 490.60 (2.92%)
Sun Pharma.Inds. 761.60 (2.41%)
Tata Consumer 770.90 (1.34%)
Tata Motors 493.60 (2.45%)
Tata Steel 1174.75 (2.26%)
TCS 3624.00 (1.10%)
Tech Mahindra 1604.35 (1.76%)
Titan Company 2408.00 (1.15%)
UltraTech Cem. 7424.00 (1.71%)
UPL 729.30 (0.32%)
Wipro 642.10 (1.53%)
Closing Bell: Market extends losses, Sensex falls by 456 points, Nifty slips below 18300.
by 5paisa Research Team 20/10/2021

Equity indices plunged into the red on October 21, 2021, in a highly volatile and profit-booking trading session.


Domestic equity benchmarks Sensex and Nifty50 gave up the initial gains in a volatile trading session on Wednesday. Losses witnessed in oil and gas, financial services, metals and consumer goods pulled the market lower. Broader markets were also volatile and slipped deep into the red. BSE Smallcap index closed at 28,878.73 recording losses of 2.31%.

At the closing bell on Wednesday, the Sensex closed down by 456.09 points or 0.74% at 61,259.96, and the Nifty ended lower by 152.20 points or 0.83% at 18,266.60. Today, 877 shares advanced, 2351 shares declined, and 115 shares were unchanged.

Among the top gainers today were, Bharti Airtel, SBI, Axis Bank, Bajaj Finance, Tech Mahindra and ICICI Bank. While the top losers of the day were Titan Company, HUL, BPCL and Bajaj Finserv.

All the sectoral indices ended in red, with BSE midcap and smallcap losing 2% each.

According to market experts, investors are booking profits at every peak, adding volatility to the market. They also view that investors were awaiting corporate views during September-quarter earnings as higher commodity costs and raw material expenses are expected to hurt margins for companies even as they post profit increases. The market has given us many instances in the recent past where it has been a very promising buy on dips strategy that works.

Consumer giant Hindustan Unilever went down by almost 2.5% to Rs 2,484 after it warned that margins could remain under pressure in the near term due to elevated commodity prices.

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