Sensex Falls 353 Points, Nifty Ends Below 22,700
What Happened
Indian markets ended lower on October 28, with the Sensex dropping 352.64 points, or 0.48%, to 73,246.03, while the Nifty 50 fell 50.90 points, or 0.22%, to 22,698.85. Reliance Industries fell 3.46% and Infosys 3.34%, while Larsen & Toubro gained nearly 4%. Broader markets outperformed, with the Nifty Midcap 100 up 0.43% and Nifty Smallcap 100 gaining 0.90%. IT and oil & gas were among the main sectoral drags, while auto and pharma gained.
Key Takeaways
Heavyweight selling in Reliance and IT stocks pulled the benchmarks lower, while strength in midcaps, smallcaps, L&T and pharma stocks helped limit the damage.