The stock market had a mixed performance on October 21, 2024, as major indices reflected a blend of gains and losses, indicating a day of volatility. Market sentiment was notably divided, with some stocks showing strong performance while others faced significant dips. In particular, Bajaj Auto and HDFC Bank stood out as key gainers amid notable declines from Tata Consumer Products and Kotak Mahindra Bank.
Market Overview
The Sensex closed at 81,224.75, marking a small decrease of 0.09%, which translated to a drop of 73.48 points. It traded within a range of 81,770.02 to 80,811.23. Similarly, the Nifty 50 also saw a decline, finishing at 24,854.05, down 0.29% or 72.95 points, with the day’s high and low reaching 24,978.3 and 24,679.6 respectively.
The market also witnessed declines in both midcap and small cap stocks, as evidenced by the Nifty Midcap 50 decreasing by 1.98% and the Nifty Small Cap 100 falling 1.47%.
| Performance Metric |
Return |
| Weekly Return |
-1.34% |
| Monthly Return |
-4.42% |
| Quarterly Return |
1.15% |
| Half-Yearly Return |
10.99% |
| Annual Return |
28.57% |
These returns reflect a modest overall trend, especially with a half-yearly gain of 10.99% that suggests resilience compared to recent fluctuations.
Top Gainers and Losers
Nifty Index
| Top Gainers |
Percentage Change |
| Bajaj Auto |
↑ 4.34% |
| HDFC Bank |
↑ 2.79% |
| Asian Paints |
↑ 1.91% |
| Mahindra & Mahindra |
↑ 1.15% |
| Eicher Motors |
↑ 0.94% |
| Top Losers |
Percentage Change |
| Tata Consumer |
↓ 6.97% |
| Kotak Mahindra Bank |
↓ 4.37% |
| Bajaj Finserv |
↓ 3.38% |
| Bharat Petroleum Corporation |
↓ 3.17% |
| Indusind Bank |
↓ 2.89% |
Sensex
| Top Gainers |
Percentage Change |
| HDFC Bank |
↑ 2.83% |
| Asian Paints |
↑ 1.58% |
| Mahindra & Mahindra |
↑ 0.91% |
| Tech Mahindra |
↑ 0.78% |
| Reliance Industries |
↑ 0.76% |
| Top Losers |
Percentage Change |
| Kotak Mahindra Bank |
↓ 4.29% |
| Bajaj Finserv |
↓ 3.05% |
| Indusind Bank |
↓ 2.86% |
| Ultratech Cement |
↓ 1.93% |
| Bajaj Finance |
↓ 1.63% |
Nifty Midcap 50
| Top Gainers |
| Oberoi Realty |
| Max Healthcare Institute |
| ACC |
| Alkem Laboratories |
| Dixon Technologies (India) |
| Top Losers |
| Vodafone Idea |
| CG Power & Industrial Solutions |
| L&T Finance |
| Persistent Systems |
| Hindustan Petroleum Corporation |
Nifty Small Cap 100
| Top Gainers |
| Tata Investment Corporation |
| Olectra Greentech |
| JBM Auto |
| Amber Enterprises India |
| Tejas Networks |
| Top Losers |
| NBCC India |
| Titagarh Rail Systems |
| Welspun Living |
| Mangalore Refinery & Petrochemicals |
| Affle India |
BSE
| Top Gainers |
Percentage Change |
| Tata Chemicals |
↑ 9.24% |
| Maharashtra Scooters |
↑ 6.22% |
| Indigo Paints |
↑ 5.74% |
| Bajaj Auto |
↑ 4.35% |
| Bombay Burmah Trading Corporation |
↑ 4.22% |
| Top Losers |
Percentage Change |
| HEG |
↓ 7.45% |
| JM Financial |
↓ 7.28% |
| Tata Consumer |
↓ 7.14% |
| Aether Industries |
↓ 6.83% |
| Motilal Oswal Financial Services |
↓ 6.26% |
The Bank Nifty concluded the day at 52,094.20, reflecting a slight increase of 0.35% on a weekly basis and showcasing a remarkable annual increase of 20.5%. This performance underscores the resilience of banking stocks amid a mixed market sentiment.
Conclusion
In summary, the market sentiments on October 21, 2024, presented a divided landscape, with strong performers like Bajaj Auto and HDFC Bank counterbalancing the losses in stocks such as Tata Consumer and Kotak Mahindra Bank. The outlook suggests that while certain sectors exhibit strength, the overall performance remains cautious, reflecting fluctuations and investor sentiment trends. Stakeholders should remain aware of potential volatility as the market continues to navigate through varying economic signals.
FAQs
1. What major stocks showed gains on October 21, 2024?
Bajaj Auto and HDFC Bank were among the top gainers, with percent increases of 4.34% and 2.79%, respectively.
2. How did the major indices perform on this date?
Indices like the Sensex and Nifty 50 closed with minor declines of 0.09% and 0.29% respectively, while midcap and small cap indices also faced losses.
3. Which stocks experienced significant losses?
Notably, Tata Consumer saw a decrease of 6.97%, and Kotak Mahindra Bank fell by 4.37%, marking the day’s biggest dips.
