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Sensex Today: In a highly volatile trade, the domestic equity markets on Monday saw continued selling in stocks amid weak quarterly earnings. The markets had opened in green but later pared all their gains and finally ended in the red.
The BSE Sensex on October 21 closed lower by 73.48 points or 0.1 per cent at 81,151.27, while the NSE Nifty also ended the day by 72.95 points or 0.3 per cent lower at 24,781.10. The Sensex had opened around 500 points up in the morning.
India VIX, or volatility index, was up by 6.42 per cent to 13.88.
Among the 30 Sensex shares, 22 were closed in the red. Among the top losers were Kotak Mahindra Bank (-4.66 per cent), Bajaj Finserv (-3.05 per cent), IndusInd Bank (-2.97 per cent), Adani Ports (-2.04 per cent), and Bajaj Finance (-1.96 per cent).
The gainers on Monday included HDFC Bank (up 2.61 per cent), Asian Paint (1.58 per cent), Mahindra & Mahindra (0.91 per cent), Reliance Industries (0.65 per cent), and Maruti Suzuki India (0.46 per cent).
“The domestic market displayed considerable volatility, with key indices swinging between negative and positive terrain. PBOC has further reduced interest rates by 25 bps to support its struggling economy. Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market’s decline,” said Vinod Nair, Head of Research, Geojit Financial Services.
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