Market Close Highlights, Oct 17: Sensex sheds 495 pts, Nifty ends below 24,750; Auto drags, IT leads

Stock Market Today: Notably, Bajaj Auto settled down by as much as 13.11 per cent, while the Nifty Auto index plunged 3.54 per cent on Thursday

Stock Market Highlights, Thursday, October 17, 2024: Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended in red amid the expiry of Nifty50 contracts, mirroring its Asian peers, on Thursday. The BSE Sensex shed as many as 494.75 points or 0.61 per cent to end at 81,006.61 levels. Similarly, the NSE Nifty50 also ended in red at 24,749.85, down 221.45 points or 0.89 per cent. 

Bears roared on the D-street, with 41 out of 50 constituent stocks of Nifty50 ending in red, dragged by Bajaj Auto, Shriram Finance, Nestle India, Mahindra & Mahindra, and Hero MotoCorp, with losses extending up to 13.11 per cent. Conversely, Infosys, Tech Mahindra, Power Grid Corporation of India, Larsen & Toubro, and State Bank of India were among the nine stocks that ended in the green, with gains of up to 2.84 per cent.

The broader indices also ended on a lower note, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settling down by over 1 per cent each.

Among the sectoral indices, the Nifty IT index bucked the trend, ending 1.19 per cent higher. However, all other sectoral indices ended in the red, with Nifty Auto and Realty being the worst-hit, both declining by over 3 per cent each.