Top gainers and losers for today on October 16: HDFC Life, Dr Reddy’s Labs, Grasim lead NIFTY movers

Benchmark indices SENSEX and NIFTY closed in the negative territory on Wednesday, October 16, extending the losses for the second straight day.

NIFTY50 closed at 24,971, down by 86.05 points, or 0.34%. Earlier in the session, the benchmark index hit an intraday low of 24,908 and a high of 25,093.

BSE SENSEX settled at 81,501, lower by 318 points or 0.39%. The benchmark index fell to an intraday low of 81,358 points while touching a high of 81,932.

Among sectoral indices, NIFTY Realty and NIFTY Oil & Gas closed higher by 0.55% and 0.23%, respectively. On the other hand, the NIFTY Auto and NIFTY IT indices closed lower by 1.27% and 1.17%, respectively.

Out of the total 50 NIFTY constituents, 34 closed in the red dragged by Trent, Mahindra & Mahindra and Infosys shares.

HDFC Life and Dr Reddy’s Laboratories emerge as top NIFTY gainers

Shares of cement maker Grasim gained over 1% to hit an intraday-high of ₹2,784 apiece on the NSE. The stock closed higher by 1.05% at ₹2,764.4 apiece.

Among other NIFTY constituents Bharti Airtel, Reliance Industries and ONGC shares closed higher by up to 0.86% on October 16.

Trent and Mahindra & Mahindra emerge as top losers

Among other NIFTY constituents, Kotak Mahindra Bank, JSW Steel and Tata Motors ended in the red by declining up to 1.33%.