In the wake of the ongoing downward trend in the stock market, its ripple effects were apparent today as well. India’s benchmark indices were trading at lower levels. Despite the broader market downturn, a few stocks managed to outperform, with some penny stocks even getting locked at their upper circuit.
The BSE Sensex plunged by 245 points or 0.37%, settling at 66,185, while the NSE Nifty-50 index slipped by 62 points or 0.31%, closing at 19,750. On the BSE, 1,597 stocks exhibited bullish trends, while 1,839 experienced a decline; 170 remained unchanged. Discussing top performers and underperformers, Maruti Suzuki India Ltd, Tata Motors Ltd, and IndusInd Bank emerged as the top gainers of the day. In contrast, Power Grid Corporation of India Ltd, Bajaj FinServ Ltd, and Bajaj Finance Ltd ended up being the top losers.
In the broader market indices, both the BSE Mid-Cap index and the BSE Small-Cap index were trading down by 0.35% and 0.10%, respectively. Tata Elxsi Limited and CRISIL Limited stood out as the top mid-cap gainers, whereas in the small-cap segment, Apollo Micro Systems Limited and Orient Cement Limited were the leading gainers. As of October 18, the market capitalization of BSE listed companies reached a whopping 323 lakh crores INR. Of these, 246 stocks touched their 52-week high, while 13 stocks reached their 52-week low. It’s noteworthy that today, some penny stocks hit their upper circuit.