Here's how Indian stock markets performed on October 18, 2023

Published by: Priyanka Deshpande

Weakness in IT & financials keeps market under pressure

Sensex falls 551 points to 65,877 & Nifty 50 slips 140 points to 19,671

40 of 50 Nifty stocks close in the red, HDFC Bank & Reliance drag Nifty the most

Broader markets relatively underperform, Nifty Bank & Midcap Index down 1% each

Nifty Bank slips 521 points to 43,889 & Midcap Index falls 366 points to 40,367

Pharma stocks see buying in a weak session, Cipla & Dr Reddy’s are top gainers

Bajaj Finance reports in-line Q2, stock ends with a cut of 3%, Bajaj Finserv falls too

Syngene slides 7% as company cuts revenue growth guidance for FY24

Medium Brush Stroke

Biocon’s Malaysia unit getting OA from US FDA leads to a 7% fall in the stock

Medium Brush Stroke

L&T Tech slips 6% as company reduces FY24 revenue growth guidance, LTIMIndtree falls too

Medium Brush Stroke