Sensex, Nifty End Lower For Second Day; Gain In October Series
Closing Bell: A Volatile Session
Indian equity markets closed the October F&O series on a subdued note, ending with losses for the second day in a row. The losses, however, were modest as compared to their other global peers.
The S&P BSE Sensex ended 0.43% lower at 39,749 while the NSE Nifty 50 index, after fluctuating between gains and losses, ended 0.5% lower at 11,670. Despite the losses of the last two sessions, the benchmark indices have gained over 8% for the entire series.
Among sectoral indices, which too had a volatile session, the Nifty Media index ended as the top sectoral laggard, ending 1.8% lower. The Auto and FMCG indices too saw cuts of 1% each. The Nifty Metal and Nifty Pharma indices fell 0.8% each
The Nifty I.T. index was the only sectoral gainer in today's trading session, ending with gains of 0.35%.
Broader markets had a mixed day. While the Nifty midcap index moved in-line with the benchmarks, ending 0.4% lower, the Smallcap index underperformed, ending with cuts of 0.8%.
Market breadth remained in favour of the laggards through the session. 1,169 stocks on the NSE ended with losses while 646 managed to buck the trend and end with gains.