Sensex drops 353 pts, Nifty below 22,700 amid selling pressure

The Indian share market traded lower on Wednesday weighed down by selling in information technology and oil and gas stocks.At close, the Sensex was down 352.64 points or 0.48 percent at 73,246.03, and the Nifty was down 50.90 points or 0.22 percent at 22,698.85.
Apollo Hospitals, L&T, Trent, SBI Life Insurance and Interglobe Aviation were the top gainers on the Nifty, while losers included Infosys, Reliance Industries, ONGC, HCL Technologies and Bharti Airtel.On the sectoral front Information Technology, Oil & Gas down 2% each, while Realty, energy,FMCG down 0.5 percent each. However, Auto, Consumer Durable, Media, Pharma up 1% each, according to agency reports.The broader markets outperformed the main indices with Nifty midcap index rising 0.4 percent and smallcap index jumps 0.9 percent.
Rupee Close:
On28 Oct'26,the Indian rupee ended 11 paise lower to close at 95.23 against the US dollar on Wednesday. Forex traders said rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength and Brent crude prices hovering near $115 per barrel.
Trading Guide:
Market experts recommended ICICI Bank Ltd,Bajaj Finance Ltd,Coal India Ltd,Bharti Airtel Ltd and Titan Company Ltd as the top stocks to buy today on Wednesday.

(Business Correspondent)