Indian markets snap 2-day rally as Sensex falls 252 points, Nifty ends at 22,623
What Happened
Indian equities closed lower on October 14, snapping a two-session winning streak. The Sensex fell 251.89 points, or 0.34%, to 72,781.89, while the Nifty 50 lost 99.25 points, or 0.44%, to 22,622.70. Profit-booking after Tuesday’s sharp rebound, rising crude prices and continued FII selling weighed on sentiment.
Key Takeaways
Today’s decline partly reversed Tuesday’s strong rebound, but IT stocks continued to show strength. Brent crude was around $106 a barrel at the time of reporting, while persistent foreign institutional selling remained another pressure point for equities.