IT, FMCG weakness drags markets lower on weekly expiry day

The domestic share market indices traded lower on Thursday, weighed by selling in financial and technology shares, even as speculation of an India-UK FTA during PM Modi’s UK visit supported sentiment. The pact is expected to reduce tariffs and improve bilateral trade flow.At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. About 1564 shares advanced, 2324 shares declined, and 155 shares unchanged.
Eternal, Dr Reddy's Labs, Tata Motors, Grasim Industries, Cipla were the top gainers on the Nifty, while losers included Trent, Nestle India, Shriram Finance, Tech Mahindra, Reliance Industries.On the sectoral front, except PSU Bank and pharma, all the other indices ended in the red with IT index down 2 percent, realty and FMCG indices down 1 percent each.BSE Midcap and smallcap indices down 0.4 percent each.
Rupee Close: 
On 24 July'25,the Indian rupee ended flat at 86.40 per dollar on Thursday, according to information.
Trading Guide: 
Market experts recommended five stocks to buy on Thursday- Mangalore Refinery and Petrochmcls, JM Financial, Radhika Jeweltech, Parag Milk Foods, and Paradeep Phosphates.

(Business Correspondent)