Sensex Today: The benchmark indices witnessed profit booking a day after clocking robust gains on the first session of Samvat 2080.
The S&P BSE Sensex ended 326 points, or 0.5 per cent, lower at 64,934 with 23 of the 30 index stocks settling in the negative zone.
On the NSE, the Nifty50 index shut shop at 19,440, down 86 points or 0.44 per cent. Here, 36 stocks closed lower led by SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, HDFC Bank, TCS, Reliance Industries, HDFC Life, and Bajaj Finserv. All these stocks fell between 0.6 per cent and 2.3 per cent.
The broader markets, on the other hand, settled mix the frontline indices with the BSE MidCap index rising 0.10 per cent but the BSE SmallCap index down 0.01 per cent.
Sectorally, the Nifty PSU Bank index climbed the most (up 2.6 per cent), followed by the Nifty Metal index (up 0.37 per cent). On the downside, the Nifty IT index declined 0.73 per cent.
Vinod Nair, Head of Research at Geojit Financial Services, said: “Post-Diwali, Indian equities continued consolidation amid global uncertainty. The sharp deceleration in IIP growth, from 10.3% in August to 5.8% in September, and weakening Manufacturing PMI reflect global trends driven by rising interest rates and inflation. The Indian Rupee’s weakness keeps FIIs cautious. However, the market’s downside is limited by strong earnings, economic stability, and domestic institutional flows. A potential reversal is likely, as domestic October CPI inflation is expected to moderate. Notably, public sector banks are outperforming due to strong credit growth, improved asset quality, and robust balance sheets, and this trend is expected to persist.”
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