Sensex drops 548 pts, Nifty at 22,363; as IT,FMCG drag

The domestic share market ended on a weak note on Monday, amid losses in IT, FMCG and financial stocks.At close, the Sensex was down 547.65 points or 0.76 percent at 71,924.68, and the Nifty was down 157.10 points or 0.70 percent at 22,363.35.
Dr Reddy's Laboratories, Bajaj Auto, Bharat Electronics, BSE Limited and Tata Motors Passenger Vehicles were the top gainers on the Nifty, while losers included Tech Mahindra, ITC, L&T, Hindalco, HUL.On the sectoral front, Nifty Media index added 4.6%, Auto index up 0.9%, Realty index added 1% and pharma index rose 0.3%, while Nifty IT, Metal, Private Bank, PSU Bank, FMCG down 0.4-1%, according to agency reports.Broader markets outperformed the benchmark indices, with the Nifty Midcap index ending flat, while the Nifty Smallcap index advanced 1.4%.

#Market: Sensex and Nifty pare early gains as IT, FMCG and bank stocks weigh, while broader markets rise. Investors track oil prices, global cues and Q2 earnings. https://t.co/QARPklmcYG

— newsinc24 (@newsinc24) October 12, 2026

Rupee Close:
On 12 Oct'26,the Indian rupee appreciated 96 paise, logging its steepest single-day gain in more than six months, to close at 95.75 (provisional) against the U.S. dollar on Monday  after the Reserve Bank of India over the weekend stepped in with several measures aimed at bolstering the domestic currency.Forex traders said the RBI's measures could provide near-term support to the rupee by easing spot-market dollar demand and curbing excessive forex positioning.However, sustained recovery will depend on crude oil prices, capital flows and global market conditions, they said
Trading Guide:
Market experts recommended Bajaj Finance, Molbio Diagnostics as the top stocks to buy on Monday.

(Business Correspondent)