Market wrap: Nestle India, Infosys, Shriram Finance, HDFC Life top gainers and losers on Nifty and Sensex on Wednesday

Indian equities witnessed a volatile session on Wednesday, October 14, as investors booked profits following recent gains and turned cautious ahead of key US inflation data.

The Nifty 50 fell 99 points, or 0.44%, to settle at 22,623, while the BSE Sensex declined 252 points, or 0.34%, to close at 72,782.

Broader markets also traded lower, with the Nifty Smallcap 100 falling 0.32% and the Nifty Midcap 100 slipping 0.08%.


On the sectoral front, the Nifty IT and Nifty FMCG indices rose more than 1% despite the subdued market sentiment. The Nifty Pharma index, meanwhile, fell over 1%, leading the sectoral losses.

Overall market breadth on the NSE remained positive, with 2,024 stocks advancing, 1,537 declining, and 106 unchanged.

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Here are today’s top gainers on the Nifty

Here are today’s top gainers on the Sensex

Here are today’s top losers on the Nifty

Here are today’s top losers on the Sensex

Technical View

The Nifty 50 ended lower after failing to sustain an early move above the 22,700 zone. Profit booking dragged the index towards 22,550, where some buying interest emerged, limiting further losses.

According to Ponmudi R, CEO of Enrich Money, 22,800 remains the key resistance on the upside. A sustained breakout above this level could extend the recovery towards the 23,000 mark.

“On the downside, 22,600–22,500 remains the immediate support zone. A sustained break below this range could trigger renewed selling pressure and weaken the near-term recovery structure,” said Ponmudi.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here