Mumbai, Oct 8 – Indian stock markets wrapped up a shaky Wednesday, with gains from earlier in the day erased by cautious buying and mixed signals from overseas markets.
The benchmark Sensex fell 153 points, or 0.19 %, to end at 81,773.66. The Nifty slipped 62 points, or 0.25 %, to close at 25,046.15.
“NBegins strong but stalls near 25,200, sparking profit‑taking and selling across key names such as banks, auto, FMCG and real estate,” said market experts. “The index dropped to a weekly low of 25,008, where buying started to creep up the 25,000 support level.”
Even though there were brief mid‑day rally attempts, pressure built again around 25,130‑25,150, giving the intraday chart a series of lower highs and lower lows.
Mid‑cap and small‑cap indices also trailed: the Nifty Midcap 100 fell 0.73 %, while the Smallcap 100 slipped 0.52 %.
Sector performance was mixed. Only IT and consumer durables posted gains, with the Nifty IT index up 1.51 % thanks to strong moves from Infosys, TCS, Coforge, LTIMindtree, HCL Tech and Tech Mahindra. In contrast, real estate, media, auto and energy all dropped more than 1 %, as did banking, FMCG, financial services, pharma, metals and oil & gas.
Analysts said the slowdown was driven by profit‑booking after recent rallies and growing global uncertainty. “The trading day was volatility‑heavy, but investors tightened their belt in the run‑up to the Q2 earnings season,” they added.
Global headlines also nudged sentiment: a US government shutdown pushed gold to a historical high, and investors awaited the September Fed minutes to gauge the Federal Reserve’s next move.
Looking ahead, analysts expect Indian markets to keep a close eye on domestic earnings data, macro‑economic releases and the upcoming festive holiday season, even as worldwide events continue to matter.
Source: ianslive
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