Today, on October 21, 2024, the Indian stock market saw some notable movements. The BSE Sensex and NSE Nifty both faced pressure due to profit booking, particularly affecting mid- and small-cap stocks. Active stocks included Bajaj Auto, which performed well, while Kotak Mahindra Bank shares saw a sharp decline due to disappointing Q2 earnings. Tata Consumer also faced a significant drop following its Q2 results. HDFC Bank, on the other hand, experienced a rise, leading the list of top gainers.
The Sensex and Nifty experienced declines, largely due to profit booking. Mid- and small-cap stocks were particularly impacted, while large-cap stocks saw mixed results. Kotak Mahindra Bank faced a sharp drop after underwhelming Q2 earnings, while Tata Consumer also saw a significant decline. However, HDFC Bank and Bajaj Auto performed well, emerging as top gainers. Analysts suggest the mid-cap and small-cap sectors may still offer value for long-term investors.
In contrast, HDFC Bank and Bajaj Auto performed well, leading the gainers. Market analysts suggest that despite the downturn, mid- and small-cap stocks could present opportunities for long-term investors. The market remains dynamic, with both caution and optimism shaping trading decisions as Diwali approaches.
The market remains volatile, and investors are eyeing opportunities in mid- and small-cap stocks, which analysts believe may offer good value over a longer investment horizon.