On October 14, Indian equity indices closed on a high note with the Nifty above 25,100, showing strong buying interest across various sectors. Notably, all sectoral indices ended in the green except for metals, with Information Technology, Banking, and Realty sectors up by 1 percent each. The Sensex rose by 591.69 points or 0.73 percent, closing at 81,973.05, while the Nifty gained 163.70 points or 0.66 percent, settling at 25,128.

One of the standout performers of the day was Transformers and Rectifiers India, whose shares surged to the upper circuit limit of five percent after a block deal worth ₹211 crore occurred. This deal involved approximately 27 lakh shares changing hands at a floor price of ₹780 per share, which reflects a 2.6 percent discount from the previous closing price.

Another notable mover was Mahanagar Telephone Nigam Limited (MTNL), whose shares rose by 4.8 percent. This increase came amid reports suggesting that the PSU telecom service provider, currently burdened with over ₹31,000 crore in debt, may be on the verge of a revival plan that could help it avoid the National Company Law Tribunal (NCLT) route. Sources indicated there might be a possibility of a fund infusion into MTNL, boosting investor confidence.

Premier Energies also made headlines as its stock price increased by 10 percent after the company's subsidiaries secured multiple orders totaling ₹765 crore. This includes significant contracts worth ₹632 crore for solar modules and ₹133 crore for solar cells, ending the day 2.3 percent higher.

Shares of Wipro witnessed a rise of 4.24 percent as investors anticipated the board meeting scheduled for October 17, where the issuance of bonus shares will be considered. If approved, this would mark Wipro's fourth bonus issue, following similar corporate actions in 2019, 2017, and 2010.

Hindustan Construction Company experienced a 3.5 percent increase after securing a ₹1,031.6 crore order from the Maharashtra State Road Development Corporation for constructing a two-lane bridge across Agardanda Creek. This project aims to connect Tokekhar and Turumbadi in Raigad District along the Revas-Reddi Coastal Highway (MSH-04).

On the flip side, Avenue Supermarts, the parent company of DMart, saw its shares decline by over 8 percent after disappointing earnings for the quarter ended September. The revenue and net profit fell below expectations, marking the slowest revenue growth in four years and the slowest like-for-like growth in three years.

Bajaj Housing Finance dropped around 6 percent after the expiration of its one-month lock-in period for anchor investors. With 12.6 crore shares or 2 percent of the company’s outstanding equity now eligible for trading, market experts anticipated selling pressure.

Tata Chemicals faced a decline of over 7 percent due to profit booking following a recent rally. Despite the drop, technical indicators suggest the stock remains well positioned above its 20, 50, 100, and 200-day SMAs, affirming a bullish trend.

Finally, Sudarshan Chemical Industries saw its shares tank 7.5 percent amid sharp profit booking after its impressive rally in the previous session. The stock had previously been locked in the 20 percent upper circuit following the announcement of its acquisition of Heubach's global pigment business for ₹1,180 crore.

Indian Energy Exchange (IEX) also faced a decline of 4.3 percent amid renewed concerns over market coupling, a recurring issue impacting the stock. The Power Secretary mentioned that progress is being made on the power coupling mechanism, causing anxiety among investors.

In summary, October 14 was a day marked by significant movements in various stocks, with key players experiencing both gains and losses based on individual and sector performances. As the market evolves, investors are encouraged to stay informed about upcoming developments and potential opportunities.

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