Market Sensex Slips 200 Points, Nifty Trades Below 22,650

Indian benchmark indices continued to trade in the red on Wednesday, October 14, as weakness in pharma, auto and metal stocks weighed on market sentiment. Gains in IT and energy shares offered limited support to the broader market. Sectoral Update The Pharma index fell 1.44%, emerging as the biggest sectoral laggard. Realty, Auto and Metal stocks also faced selling pressure. Meanwhile, the IT index advanced 1.41%, while Oil & Gas and Energy gained 1.28% and 1.10%, respectively. Broader Market Performance Midcap stocks remained largely unchanged, while smallcap shares traded slightly lower. Market breadth stayed positive, with 2,318 stocks advancing compared with 1,637 declining. The India VIX climbed 3.80%, signalling increased volatility in the market. Market Wrap-Up Benchmark indices remained under pressure amid sector-specific selling, although strength in IT and energy stocks helped limit losses. Rising volatility continued to keep investors cautious. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.