Indian stock market closed with a minor drop, in IT and FMCG sold

Mumbai, October 13 (IANS). The Indian stock market closed on Monday’s trading session in the red. At the end of the trade, Sensex was 82,327.05 with a weakness of 173.77 points or 0.21 percent and Nifty at 25.227.35 with a weakness of 58 points or 0.23 percent. The decline was led by IT and FMCG shares. Among the indices, it closed Nifty with a weakness of 0.78 percent, Nifty FMCG 0.90 percent, Nifty PSE 0.55 percent, Nifty Consumer Durables 0.84 percent, Nifty Metal 0.43 percent and Nifty Energy 0.30 percent. Nifty PSU Bank closed with a 0.24 percent increase, Nifty Financial Services 0.16 percent, Nifty Realty 0.02 percent and Nifty Private Bank 0.10 percent. There was mixed trade in Midcap and smallcap. The Nifty Midcap 100 index closed at 58,762.35, 64.95 points or 0.11 percent. The Nifty Smallcap 100 index was 31.60 points or 0.17 percent at 18,101.75. Adani Ports, Bajaj Finance, Bajaj Finserv, Axis Bank, Bharti Airtel, NTPC, SBI, Maruti Suzuki, Titan and M&M were the top profits in the Sensex package. Tata Motors, their, Infosys, Power Grid, Call, ITC, Ultratech Cement, TCS, Tata Steel, Tech Mahindra, L&T, HDFC Bank and Trent were the top losers. Market experts said the local market started with caution this week. The reason is that the US government’s downtime and the increase in the tension tension between America and China. During the session, profit discussion was seen in FMCG shares and the pressure on IT shares was seen due to mixed results. He further said that partial recovery in the rupee and the expectations of lower inflation helped reduce the losses, but the general sentiment remained cautious, which led to a slightly negative trend in the markets. The Indian stock market started in the red. At about 9.34 hours, the Sensex traded 422.88 points or 0.51 percent lower at 82,077,94, while the Nifty traded 121.85 points or 0.48 percent lower at 25,163.50. –IANS ABS/