Closing Bell: Sensex Sheds 353 Pts, Nifty Slips Below 22,700

Indian equity markets closed lower on October 28, with the benchmark indices facing pressure from IT and oil & gas stocks. However, gains in automobile, pharmaceutical and other select sectors helped limit the broader market decline. 🔥 KEY MARKET HIGHLIGHTS 🔹 Sensex: Declined 352.64 points (0.48%) to settle at 73,246.03. 🔹 Nifty 50: Dropped 50.90 points (0.22%) to close at 22,698.85, slipping below the 22,700 mark. 📊 SECTORAL PERFORMANCE 🔻 Top Losers: Information Technology and Oil & Gas fell by more than 2% each. Realty, Energy and FMCG stocks declined around 0.5% each. 🔹 Top Gainers: Auto, Consumer Durables, Media and Pharma indices advanced by approximately 1% each. 📈 BROADER MARKET UPDATE The broader market outperformed the benchmark indices, with the Nifty Midcap index rising 0.4% and the Nifty Smallcap index gaining 1%. Market Outlook: Weakness in IT and oil & gas shares dragged the frontline indices lower, while buying interest in auto, pharma and small-cap stocks provided some support. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.