You are here: Home » Markets » News
Business Standard

Market Wrap, Oct 22: Here's all that happened in the markets today

BSE Sensex ended 149 points, or 0.37 per cent lower at 40,558 levels while NSE's Nifty50 index slipped 41 points, or 0.35 per cent to 11,896 levels


BS Web Team  |  New Delhi 

The domestic equity market ended Thursday's volatile session in the red, dragged by banks, and information technology (IT) stocks.

The S&P BSE Sensex ended 149 points, or 0.37 per cent lower at 40,558 levels while NSE's Nifty50 index slipped 41 points, or 0.35 per cent to 11,896 levels. IndusInd Bank (down 3 per cent) was the top Sensex loser, followed by ICICI Bank, Infosys, and Titan Company. On the other hand, NTPC, Bharti Airtel, and Bajaj Finance were the top gainers on the index.

The Nifty sectoral indices were largely in the red, with the Nifty Pharma index, down nearly 1 per cent, leading the list of losers.

In the broader market, the S&P BSE MidCap index gained 0.54 per cent to 14,888 levels and the S&P BSE SmallCap index ended 0.85 per cent higher at 15,028 points.

In the earnings corner, two-wheeler major Bajaj Auto on Thursday reported a consolidated net profit of Rs 1,193.7 crore for the July-September quarter of FY21 (Q2FY21), down 21.6 per cent, from a profit of Rs 1,523.7 crore in the year-ago period.

Sequentially, however, the profit surged 202 per cent from Rs 395.51 crore posted in the June quarter of FY21.

In other major development, ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21.

In Tata Motors, Rakesh Jhunjhunwala has picked 1.29 per cent stake.

Global markets

World shares slid to a two-week low on Thursday, and oil steadied after another heavy fall, as a surge in global Covid-19 cases and fractious US stimulus talks kept financial cautious.

In the currency markets, the dollar was a modest 0.1 per cent higher against the yen at 104.66, while the euro’s dip saw it notch down 0.12 per cent to $1.1847.

Gold eased as the dollar edged up.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 22 2020. 17:12 IST