Indian Markets Witness Volatility on October 16: Sensex and Nifty Close in the Red

SHARE:

The Indian stock market witnessed significant volatility on October 16, resulting in a decline for both Sensex and Nifty. Sensex experienced a dip of 115.81 points (0.17%) to close at 66,166.93, while Nifty closed at 19,731.80 with a 0.10% drop. The market commenced with a downward trend influenced by mixed global signals, with Nifty temporarily slipping below 19,700 during intraday trading. However, the market corrected and remained within a fluctuating range throughout the trading session, with the broader market performing comparatively better. The BSE Midcap Index closed 0.25% higher, and the Smallcap Index closed 0.3% higher.

Sensex and Nifty’s October 16 Performance

Looking into sectoral indices, the metal index showcased a 1.3% increase, the PSU Bank index saw a 0.7% gain, and the auto index closed with a 0.4% rise. Conversely, realty and healthcare indices experienced a decline. Notable Nifty losers included Divis Laboratories, Nestle India, TCS, IndusInd Bank, and Asian Paints. On the other hand, top Nifty gainers were Hero MotoCorp, JSW Steel, Tata Steel, Coal India, and UPL.

Gainers, Losers, and Notable Trends in the Indian Stock Market

Stocks such as GNFC, Multi Commodity Exchange of India, and NMDC observed a long build-up, while Divis Laboratories, Laurus Laboratories, and Vodafone Idea saw a short build-up. Additionally, the trading volume surged by over 300% for stocks like GNFC, Samvardhan Motherson International, and Balrampur Chini Mills.

Over 300 stocks on BSE, including TVS Motor Company, Bajaj Healthcare, Polycab India, and Federal Bank, touched their 52-week high, indicating notable market movements. Looking ahead to October 17, market experts predict consolidation and emphasize betting on green energy and smart metering stocks while suggesting caution with IT company stocks due to growth and valuation mismatch. Sharekhan’s Jatin Gedia notes a consolidation pattern in Nifty, suggesting a range of 19,500 – 20,100. Bank Nifty shows signs of recovery, with a potential pullback to 44,800 – 45,000 in the short term as long as key support levels are maintained.

Also Read

[TRENDING]_$type=ticker$count=9$cols=4$cate=0$color=#0096a9$sp=3500

[RECENT]_$type=list$author=hide$comment=hide$va=0

Name

'Badhaai Do' movie,1,'The Kerala Story',2,'Zeeshan Maggie Point',1,"kerala story",1,@preganest,1,100W SuperVOOC Charging,1,90s actress,1,Access to Diabetes Care,1,accident,2,Actor Salman Khan,1,Actress Priyanka Chopra,1,Air India,1,Air Quality,1,Alia Bhatt,1,All-Round Performance,1,Amazon,1,Anushka Sharma,1,App-Based Taxis,1,Arjun Tendulkar,1,Arshia Goswami,1,Article,4,Atlee Kumar,1,back pain,1,Bageshwar Dham,1,bank holiday schedule,1,bank offers,1,Barbed wire,1,BH registration,1,BH-Series,1,Bhopal,3,Bhupesh Baghel,1,Bike Rider Agastya Chauhan,1,birthday,2,BJP,2,Bobby Deol,1,bodyguard missbehave,1,BOE screen.,1,Bollywood,2,Bollywood Actor,1,Bollywood Couple,1,Bollywood Diwali,1,Bollywood Journey,1,Bollywood Stars,1,borrowing,1,Box Office Collection,1,Boxing Champion Mary Kom,1,bribery allegations,1,budget.,1,Bundelkhand,1,Business,24,camera setup,1,Career,1,Career Growth,1,Career Setbacks,1,Cash for Query Case,1,Celebrity Celebrations,1,Celebrity Diwali,1,Chhatarpur,1,Chhattisgarh Election,1,Chinese Stocks,1,CM Shivraj Singh Chouhan,6,codecanyon,3,Comedian,1,Congress,2,Congress MLA Omkar Singh Markam,1,Controversial Movie,1,converting to Islam,1,Counterclaims,1,couples goal,1,creativity,1,Cricket,1,Crime news,1,Deadlifts 60 kg,1,Deendayal Antyodaya Rasoi Kendras,1,Deepika Padukone,1,Defamatory Posters,1,defense personnel,1,Delhi airport,1,Delhi Fire Service,1,Delhi metro,1,Delhi Police,1,Delhi Pollution,2,Development Scheme,1,Devotees,1,Dhanteras,1,Dhanteras 2023,1,Dharmendra,1,Dhirendra Shastri,2,Diabetes Awareness,1,Diabetes Epidemic,1,Diabetes Prevention,1,Diamond jewelry,1,Diesel Vehicles,1,Disastrous Plastic Surgeries,1,discounts,1,District hospitals,1,Diwali 2023,4,Diwali a National Holiday,1,Diwali Announcement,1,Diwali bank holidays,1,Diwali Celebration,1,Diwali deal,1,Diwali Gift,1,Diwali Moments,1,Diwali offers,1,Donatella Versace,1,DPR,4,Dubai woman,1,early signs,1,Earnings Growth,1,Education / Employment,3,Eid Party,1,Eight-Year-Old,1,Election Commission,1,Election Promises,1,election year,1,Elections 2024,2,Enchanting Moments,1,Entertainment,21,Environment,1,Environmental Measures,1,Family Celebration,1,Fan Frenzy,1,Fan Reactions,1,Fan Reactions.,1,Fashion,1,Female Engineer Uber Driver,1,Festive deals,1,Film 'Kisi Ka Bhai Kisi Ki Jaan',1,Filmfare Awards 2023,1,Filmy Proposal,1,Financial Benefits,1,financial transactions,1,Fire Incidents,1,Firecrackers,1,Fireworks,1,first water metro,1,fiscal deficit,1,Food,2,free earbuds,1,free food grain scheme,1,Gajakesari Rajyoga,1,Gemini,1,Global Health,1,Global Market Outlook.,1,Gold savings,1,Goldman Sachs,1,Government,1,government employees,1,Government spending,1,Govinda,1,Griha Lakshmi Yojana,1,Hakuto-R,1,health sector,1,Healthcare Awareness.,1,Hero,1,Hindu Heritage.,1,Historic Revival,1,Hong Kong,1,iconic career.,1,IIFA 2023,1,IIT Indore,1,Inauguration,1,India,4,India news,4879,Indian festivals,1,Indian Muslim,1,Indian news,8,Indian road tax,1,Indian Shares,1,Indore,3,Indore court,1,instragram,1,Insulin Discovery,1,Investment Opportunities,1,IPL,1,IPL 2023,2,IT,1,Jagannath Puri Rath Yatra,1,Jammu and Kashmir,1,Jewelry discounts,1,Jiah Khan,1,Job,1,Kamal Nath,1,Kanya Vivah-Nikah Yojana,1,Karan Kundra,1,Kareena Kapoor,1,Katrina Kaif,1,Kiara Advani,1,Kidney failure,1,kidney health,1,kidney issues,1,kidney symptoms,1,KL Rahul.,1,Kochi,1,Krishna Priya,1,Kupwara,1,Latest news,1,leaked design,1,legal inquiry,1,Life Changing tips,1,Lifestyle,12,Lifstyle,1,Lok Sabha Ethics Committee,1,loss of cat,1,Love Jihad,1,Love Story,1,Lucknow,1,Lucky Zodiac Signs,1,Maa Kali',1,Madhya Pradesh,23,Mahakal lok,1,Mahakaleshwar temple,1,Mahtari Vandan Yojana,1,Mahua Moitra,1,main,19,Make in India,1,Man naked and garlanded with shoes,1,Mantralya,1,Market Trends,1,Mata Sharda Temple,1,Material Happiness,1,medical attention.,1,Men wearing skirt,1,Menstrual Hygiene Day 2023,1,Mexican Giant Turtle,1,Mir,1,MIT,1,mobile phone,1,modular kitchens,1,Moon,1,Movie Premiere,1,MP Election 2023,1,MP Weather Update,2,multi-state travel,1,Mumbai,2,Munawwar Farooqui,1,National,162,National Paper Airplane Day 2023,1,national security,1,Navlakha,1,Neelam Kothari,1,Netherlands,1,News,1,Nick Jonas,1,Northeastern University,1,Nothing Phone (1),1,ODI Wicket,1,Ola,1,One Nation One Number Plate,1,OnePlus 11 5G,1,opposition members,1,Osho,1,Paramilitary Forces,1,Parenthood,1,Pennsylvania,1,Personal Life Controversies,1,pet parrots,1,plants mango saplings,1,PM Narendra Modi,3,politics,4,Pollution Crisis,1,Pradeep Mishra,1,pricing,1,private companies,1,Priyanka Chopra,1,Profession,1,Prosperity,1,PTI – The Siasat Daily,3,Rachit Agarwal,1,Ranbir Kapoor,1,Rashid rover,1,Realme GT 5 Pro,1,Realme Narzo N53,1,record-breaking century,1,regional variations,1,relationships,1,Religious Significance,1,renewable energy sector,1,Reserve Bank of India,1,Revival Efforts,1,rib pain,1,Romantic Photos,1,Royal deaths,1,Rs 70 lakh,1,Russia Ukraine ongoing conflict,1,Sadar Bazaar,1,Safety Measures.,1,Sagar,1,Sagittarius,1,salman khan,3,Sanatan Dharma,1,Sara Tendulkar,1,Sardar Vallabhbhai Patel Park,1,Shah Rukh Khan,1,Shah Rukh Khan's Airport Video goes viral,1,Shalini's Unconventional Divorce Photoshoot,1,Shubam Gill,1,Shubham Gill,1,Sidharth Malhotra.,1,Sir Frederick Banting,1,Six-month-old Infant Dies,1,smartphone,2,Snapdragon processor,1,Snapdragon processor.,1,Social Dynamics,1,social media,2,Social Media Reactions,1,Sooraj Pancholi,1,South Actresses,1,South Africa,1,South Indian Cinema,1,South Indian Comedian,1,specifications,2,Spending husband's money,1,Sports,17,stomach pain,1,storage options,1,Structural Growth,1,subsidies,1,Summer Season,1,Supreme Court,1,Sushant Singh Rajput,1,T20 World Cup,1,Tarek Fatah,1,Taurus,1,tax collection,1,Tech,5,Tejasswi Prakash,1,Temples,1,Tensions,1,Theater Chaos,1,Tiger 3,1,Tilak Nagar,1,Top jewelers.,1,Transport Department,1,Trending,3,Trinamool Congress,1,tweet,1,Uber,1,Ujjain,1,Ukraine Defence Ministry,1,University of Glasgow,1,urban housing,1,US-Canada Border,1,US-India Visa,1,vehicle registration.,1,Vicky Kaushal,1,video viral,2,Viral news,1,Viral Sexy Video,1,viral video,4,Virat Kohli,1,Virat Kohli and Gautam Gambhir,2,Water crisis,1,Wedding Anniversary,1,WiFi,1,Wildlife,1,Wired Food Combinations,1,Women Empowerment,1,World Diabetes Day,1,World News,2194,youth,1,youtuber,1,
ltr
item
Indian Markets Witness Volatility on October 16: Sensex and Nifty Close in the Red
Indian Markets Witness Volatility on October 16: Sensex and Nifty Close in the Red
ASE News
https://www.asenews.page/2023/10/indian-markets-witness-volatility-on.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2023/10/indian-markets-witness-volatility-on.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content