Stock Market Highlights: Nifty crucial support at 24,690, forms big red candle. How to trade tomorrow

The BSE Sensex and Nifty indices experienced fluctuations on October 17, 2024, influenced by corporate earnings reports and global market trends. Major companies like Reliance, Infosys, HDFC Bank, Axis Bank, and HCL Tech released their quarterly results, impacting market sentiment. Investors closely monitored updates on geopolitical tensions and their effects on crude oil prices and foreign fund flows. The market’s direction was largely driven by the performance of heavyweight stocks, with selective strength helping to limit losses. Key sectors such as banking, financial services, and technology played a significant role in shaping market movements. The Economic Times provided live updates on stock market trends, highlighting key developments and investor reactions. The overall market sentiment remained cautious, with investors awaiting further clarity on corporate earnings and global economic conditions. The fluctuations in the Sensex and Nifty indices reflected the dynamic nature of the stock market and the influence of various factors on investor sentiment.