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Red opening marks a challenging start for Indian stock market amidst global headwinds

IndiaTimes Friday, 20 October 2023
The stock market in India opened in the red and slipped into negative territory due to global headwinds and geopolitical tensions. Bajaj Auto, Mindtree, Hero Motocorp, Nestle India, and Ultra Cement were the top gainers, while Wipro, Tech Mahindra, Sun Pharma, NTPC, and UPL were the top losers. Analysts highlighted crucial support levels at 19,500-19,300 for the Nifty and identified potential opportunities in IT, Banks, Media, Metal, Pharma, and FMCG sectors. Despite the challenges, experts remained cautiously optimistic about the resilience of the Indian markets.
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