Wipro Rises, Avenue Supermarts Falls on Earnings Miss, Bajaj Housing Finance Face Declines IPO Updates from Garuda, Hyundai

Market Snapshot

• Indian stock market benchmarks, the Sensex and the Nifty 50, ended with decent gains on Monday.
• After a few rangebound sessions, the bulls took control on October 14, pushing Nifty above 25,150 intraday, with buying seen across most sectors except metal and media.
• Sectoral indices, including Information Technology, Bank, and Realty, each gained 1%, while metal and media were the only sectors to end in the red.
• The BSE midcap index rose 0.3%, while the smallcap index remained flat.

Sectoral Trends

Technical Outlook: Key Indices

Top News

• Wipro shares jumped 4.24% as investors anticipated the board’s October 17 meeting to consider a potential bonus issue, which would be the fourth in the company’s history.
• Avenue Supermarts shares dropped over 8% after quarterly results fell short of expectations, with revenue growth hitting a four-year low and like-for-like growth the slowest in three years.
• Bajaj Housing Finance The stock dropped around 6 percent as its one-month lock-in period expired for the anchor investors.
• Garuda Construction and Engineering’s IPO is set to debut on Tuesday
• Hyundai India plans to launch its biggest ever IPO to raise Rs 27,870 crore through an offer for sale
• Sebi approves NSDL IPO, HDFC Bank to pare stake

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