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Sensex Declines 353 Points, Dragged by Reliance, IT Stocks, Rising Crude Oil Prices
Indian benchmark indices ended lower on October 28, with the Sensex falling 352.64 points, or 0.48%, to 73,246.03, and the Nifty declining 50.90 points, or 0.22%, to 22,698.85.
Information technology and oil and gas stocks led the declines, with the Nifty IT index falling 1.98% and the oil and gas sectoral index dropping 2.27%.
Buying in auto, banking, and pharmaceutical stocks helped limit the market’s losses; the Nifty Auto and Pharma indexes rose 1.45% and 1.04%, respectively.