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Nifty closes below 25,000; IT, Pharma slides
Oct 10 2024 4:22PM
Indian benchmark indices again failed to hold the higher (intraday) levels and ended with marginal gains in the rangebound session on October 10 with Nifty closing in green but below 25,000, led by gains in metal and banking stocks.

On the back of positive global cues, the market opened higher and remain in the positive territory throughout the session, ahead of US inflation data later in the day.

At close, the Sensex was up 144.31 points or 0.18 percent at 81,611.41, and the Nifty was up 16.50 points or 0.07 percent at 24,998.50.

BSE Sensex and Nifty 50 indices erased 391 points and 135 points from their day's high, respectively.


Top Nifty gainers were Kotak Mahindra Bank, HDFC Bank, Bharat Electronics, Maruti Suzuki and Power Grid Corp, while losers were Cipla, Trent, Tech Mahindra, Sun Pharma and Hero MotoCorp.

On the sectoral front, IT index down 1 percent, pharma index down 2 percent and realty index shed 0.4 percent, while bank index up 1 percent, power index was up 0.7 percent and metals index added 0.3 percent.

The BSE midcap index was down 0.3 percent, while smallcap index was up 0.4 percent.

More than 120 stocks touched their 52-high on the BSE, including, Apar Industries, Atul, CG Power, Coforge, Dixon Technologies, Dr Lal PathLab, Glenmark Pharma, Gujarat Alkalies, Gujarat Fluorochemicals, HCL Technologies, Hitachi Energy, Ipca Labs, MCX India, Metropolis Healthcare, Page Industries, Polycab India, Symphony, Tech Mahindra, Torrent Pharma, Whirlpool, among others.