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Stock market opens with stable numbers: Sensex at 66,250, Nifty Above 19,700

The market seemed to reflect a cautious yet balanced approach from investors on the first trading day of the week.

Edited By: Nitin Kumar @Niitz1 New Delhi Updated on: October 16, 2023 9:29 IST
BSE
Image Source : FILE Business stock exchange building

The stock market kicked off the trading session on October 16 with a slightly bearish undertone, as global cues presented a mixed picture. Both the benchmark indices, Sensex and Nifty, witnessed a modest dip in the early hours of the session. As the morning session progressed, the BSE Sensex recorded a decline of 126.79 points, or 0.19 percent, bringing it to a level of 66,155.95. On the other hand, the NSE Nifty registered a dip of 26.90 points, amounting to a decrease of 0.14 percent, with the index standing at 19,724.10.

Market data revealed that 1,599 shares were on the rise, while 637 shares experienced a decline in their value. An additional 193 shares remained relatively unchanged during this initial phase of trading.

Among the major gainers on the Nifty during this period were prominent companies like ONGC, HCL Technologies, Coal India, Infosys, and LTIMindtree, which showcased positive momentum in the market. Conversely, notable losers included BPCL, Asian Paints, IndusInd Bank, Nestle, and Power Grid Corporation.

Also read | Mumbai climbs to 19th, Bengaluru to 22nd position in Knight Frank’s Global Residential Cities Index 2023

Also read | Govt gives ultimatum to sugar sector stakeholders, asks them to disclose stocks by October 17

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