Mumbai. The Indian Stock Market closed in a limited range on Friday, the last trading day of the week. At the end of trading, selling was seen in auto, PSU bank, financial services, metal and reality sectors. The Sensex ended 55.47 points or 0.07 per cent lower at 79,486.32. On the other hand, Nifty fell by 51.15 points or 0.21 percent to 24,148.20. Nifty Bank fell 355.30 points or 0.68 per cent to 51,561.20. The Nifty Midcap 100 index ended at 56,352.00 after falling 757.15 points or 1.33 per cent. The Nifty Smallcap 100 index closed at 18,445.60, falling 318.25 points or 1.70 per cent. There was a decline of more than 2 percent in Nifty’s Reality, Energy and Media sectors. Apart from this, there was selling in Auto, PSU Bank, Financial Services, Metal, Private Bank and Infra sectors. At the end of trading, IT, Pharma and FMCG sectors were in the green.
Asian Paints, Tata Steel, SBI, Tata Motors, Reliance, NTPC, ICICI Bank and Bharti Airtel were the top losers in the Sensex pack. Whereas, M&M, Titan, Tech Mahindra, Nestle India and Infosys were the top gainers. On the Bombay Stock Exchange (BSE), 1,397 shares were trading in the green, 2,574 shares were in the red. Whereas, there was no change of any kind in 93 shares. According to market experts, “Consolidation continued in the market as investors remained cautious due to earnings disappointment and FII exodus. The US Fed continued its rate-cutting cycle to stimulate the economy and is expected to make a similar 25-bps rate cut at its December policy meeting amid easing inflation. Experts further said that inflation in India is expected to rise in October and the strong US dollar will force the RBI to keep the rates on hold in the near future.