Sensex down 400 pts, Nifty tests 19,550; Wipro slides 3%

Equities got hammered in Thursday’s intraday trade as weak global sentiment, amid escalating war concerns in the Middle East, kept investors on the sidelines.

The S&P BSE Sensex fell 474 points to quote at 65,403 levels, while the Nifty50 opened below 19,550-mark.

Wipro, Hindalco, Tata Steel, JSW Steel, Power Grid, Bajaj Finance, Bajaj Finserv, Titan, UPL, Grasim, Adani Ports, HDFC Bank, M&M, and L&T lost ground on the bourses with up to 3 per cent slide.

Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.7 per cent and 0.4 per cent, respectively.

Amid a broad-based selling, the Nifty Metal index fell 1.5 per cent, the Nifty Realty dropped 1.24 per cent, and the Nifty Financial Services declined 0.8 per cent.

Q2FY24 earnings on Thursday, October 19, 2023:

Hindustan Unilever, ITC, Ultratech Cement, Nestle India, Havells India, Tata Communications, Mphasis, United Breweries, Jindal Stainless, Metro Brands, Coforge, Voltas, Cyient, PVR Inox, Tanla Platforms, Equitas Small Finance Bank, Ramkrishna Forgings, HFCL, Mastek, South Indian Bank, Tata Coffee, Aarti Drugs, Kirloskar Pneumatic, Ganesh Housing Corp, Sagar Cements, Indoco Remedies, Wendt (India), Hatsun Agro Product, Accelya Solutions India, Agro Tech Foods, Updater Services.