At the close, the Sensex was down 551 points or 0.83percent at 65,877, and the Nifty was down 140.40 points or 0.72 percent at 19,6710. About 1,424 shares advanced, 2,144 shares declined, and 137 shares were unchanged.
2/11
Cipla Ltd: Shares of the pharma major rose over 3 percent to Rs 1210, becoming the top gainer on the Nifty index on October 18. The stock has extended gains for the second day in a row after it rose nearly percent during the previous session. Volumes were high as 44 lakh shares changed hands on the bourses as against the 1-month average of 15 lakh shares.
3/11
Sun Pharmaceuticals Industries Ltd: Shares of the company rose almost 1.5 percent to Rs 1,153, extending gains for the second day in a row. Volumes were low as 9 lakh shares changed hands as against the 1-week average of 14 lakh shares. Recently, the company's US subsidiary voluntarily recalled 144 bottles of anti-depressants on account of 'failed dissolution specifications'.
4/11
Dr. Reddy's Laboratories Ltd: Shares gained for the third day in a row on October 18 to Rs 5,677, up by 2.5 percent. About 3 lakh shares changed hands, at par with the 1-week average of 3 lakh shares.
SBI Life Insurance Ltd: Shares of the insurance major rose 0.6 percent to Rs 1,356, extending gains for the second day in a row on the bourses.
6/11
Tata Motors Ltd: Shares of India's leading electric vehicle manufacturer bounced back 2 percent to Rs 668 after tanking almost 2 percent on October 17. The surge comes after CLSA raised the target price to Rs 803, from the previous target price of Rs 777. It also added that new launches such as Tata Safari and Harrier, bode well for the company.
7/11
Bajaj Finance Ltd: Shares of the company declined over nearly 3 percent to Rs 7,866 after its Q2 results missed estimates. It reported a consolidated net profit of Rs 3,551 crore for the July-September quarter of the current financial year, up 28 percent from the same quarter of the previous year.
8/11
Bajaj Finserv Ltd: Shares of the parent company of Bajaj Finance traded lower by 2 percent to Rs 1,628 after its subsidiary missed estimates. It reported a consolidated net profit of Rs 3,551 crore for the July-September quarter of the current financial year, up 28 percent from the same quarter of the previous year.
Axis Bank Ltd: Shares of the private lender fell 1.5 percent to Rs 993, snapping its two-day gaining streak. The drop comes from the projections of the US Federal Reserve maintaining the current federal funds rate and rising Treasury yields.
10/11
HDFC Bank Ltd: Shares of the bank fell 1.5 percent to Rs 1,519 on projections of the US Federal Reserve maintaining the current federal funds rate and rising Treasury yields. “The U.S. September retail sales were stronger than expected, raising the possibility of the Federal Reserve at least keeping interest rates higher for longer in its quest to lower inflation", Deepak Jasani of HDFC Securities said.
11/11
NTPC Ltd: Shares of the PSU closed almost 2 percent lower to Rs 242 on October 18, snapping its six days of gaining.
