India Press Dispatch
Buisness

Sensex is down 248 points, Nifty is getting close to 19,600, and the car industry is still doing well

<p>The benchmark indexes ended down for the second straight session at the time of the closing bell on Thursday, making it a roller-coaster of a day.<img decoding=”async” class=”alignnone wp-image-245132″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sensex-is-down-248-points-nifty-is-getting-close-to-19600-and-the-car-industry-is-.jpg” alt=”theindiaprint.com sensex is down 248 points nifty is getting close to 19600 and the car industry is” width=”1077″ height=”717″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sensex-is-down-248-points-nifty-is-getting-close-to-19600-and-the-car-industry-is-.jpg 275w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-sensex-is-down-248-points-nifty-is-getting-close-to-19600-and-the-car-industry-is–150×100.jpg 150w” sizes=”(max-width: 1077px) 100vw, 1077px” title=”Sensex is down 248 points, Nifty is getting close to 19,600, and the car industry is still doing well 9″></p>
<p>At 65,629.24, the Sensex was down 247.78 points, or 0.38%, while the Nifty was down 46.40 points, or 0.24%.</p>
<p>On Thursday, about 129 shares were unchanged, 1,810 shares decreased, and 1759 shares increased. The index recovered some of its losses after a sluggish start, and at one point it even turned positive.</p>
<p>The biggest gainers for the day were Bajaj Auto, LTIMindtree, Nestle India, Hero MotoCorp, and UltraTech Cement, while the Nifty’s notable losses were Wipro, Tech Mahindra, UPL, Bharti Airtel, and Hindalco Industries.</p>
<p>On a sectoral level, the car industry outperformed metal and energy by more than 0.50%. Down 0.3-0.9% were banks, metals, power, real estate, oil & gas, and pharmaceuticals.</p>
<p>Both the BSE Midcap and Smallcap indexes finished flat. The Midcap and Smallcap performed better than their frontline contemporaries because to quick rebound from the lower levels.</p>
<p>The Indian rupee closed little higher than its previous closing of 83.27 per dollar, at 83.24. Weakness in the local markets and a surge in the US dollar were the causes of the rupee’s depreciation.</p>
<p>FII selling affected the local currency as well.</p>
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