The 2 key fairness benchmarks, Sensex and Nifty, on Monday opened within the unfavorable zone as buyers stay apprehensive relating to geopolitical battle between Israel and Gaza and weak Q2FY24 India Inc quarterly outcomes. At 9.40 am, the S&P BSE Sensex dipped 165 factors to 66,118. However, the NSE Nifty50 was buying and selling at 19,711, down 40 factors.
On the 30-share Sensex platform, Nestle, Asian Paints, HDFC Financial institution, Bajaj Finserv, TCS, IndusInd Financial institution had been amongst losers. On the flip facet, HCLTech, Tata Motors, Titan, JSW Metal, UltraCemco, Tata Metal emerged gainers. Amongst particular shares, shares of Delta Corp plunged 8 per cent after the corporate’s subsidiary obtained discover for a items and providers tax of Rs 6,384 for cost of the shortfall tax. HDFC Life inventory rose 0.6 per cent after the non-public insurer posted 15.5 per cent year-on-year (YoY) progress in web revenue to Rs 376.77 crore for the quarter ended September 2023.
#ABPLiveStockMarketWatch | Sensex and Nifty on Monday opened within the crimson as Israel-Gaza tensions spook buyers.
At 09:44 AM, #Sensex fell by 152 factors to 66,5129 & #Nifty by 43 factors to 19,751
This is a have a look at the shares in focus:#StockMarket #StockMarketPrices #Buying and selling… pic.twitter.com/Zf7emyG3tR
— ABP LIVE (@abplive) October 16, 2023
Within the broader markets, the BSE Midcap and Smallcap indices outperformed by rising 0.17 per cent and 0.43 per cent, respectively.
Sectorwise, Nifty Auto and IT indices went up 0.3 per cent every, whereas the Nifty Financial institution index fell 0.3 per cent.
Within the earlier session on Friday, the BSE Sensex ended at 66,283, down 126 factors, whereas the NSE Nifty50 settled at 19,751, down 43 factors.