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Nifty closes below 25,000; IT,pharma stocks fall
Oct 10 2024 4:19PM
Amid final hour selling, Indian benchmark indices failed to hold intraday gains and ended marginally lower in a volatile session on October 9.

The Reserve Bank of India (RBI) has made no change in its key policy rates amid geopolitical and inflation concern, while shifted its stance to 'neutral' from 'withdrawal of accommodation'.

The Monetary Policy Committee has kept the repo rate unchanged at 6.5 percent for the 10th time, and also maintained MSF & SDF rates unchanged at 6.75 percent & 6.25 percent, respectively.

At close, the Sensex was down 167.71 points or 0.21 percent at 81,467.10, and the Nifty was down 31.20 points or 0.12 percent at 24,982.

BSE Sensex and Nifty 50 indices erased 852 points and 252 points from their day's high.

Top Nifty losers were ITC, Nestle, Reliance Industries, ONGC, HUL, while gainers included Trent, Cipla, Tata Motors, SBI and Maruti Suzuki.

BSE Midcap and Smallcap indices up more than 1 percent each.

Among sectors, except FMCG (down 1.3 percent) and oil & gas (down 0.6 percent), all other indices ended in the green with pharma, power, realty up 1-2 percent.

More than 180 stocks touched their 52-high on the BSE, including, Akzo Nobel, Bosch, Cipla, Coforge, Divis Labs, Dixon Technologies, Glenmark Pharma, Hitachi Energy, Infosys, Ipca Labs, Lloyds Metals, MCX India, Page Industries, Polycab India, Symphony, Torrent Pharma, Torrent Power, Trent among others.