Indian Stock Market Closes Flat in October 12 Session

The Indian stock market closed flat on October 12, 2023, with the benchmark indices Sensex and Nifty ending the day with marginal losses. The Sensex closed at 65,512.39, down 483.24 points (0.73%), while the Nifty closed at 19,512.35, down 141.16 points (0.72%).

The market witnessed volatile trading throughout the day, with the indices swinging between gains and losses. However, negative sentiment in the global markets weighed on the domestic indices, leading to a selloff in the late afternoon.

The IT sector was the biggest drag on the market, with TCS, Infosys, and HCL Tech among the top losers. The IT sector has been under pressure in recent months due to concerns about a global recession and a slowdown in new business orders.

Other sectors that contributed to the market's decline included banking, financial services, and consumer goods. However, some sectors managed to buck the trend and close in the green. The metal and oil & gas sectors were among the top gainers, led by stocks such as Hindalco Industries, Tata Steel, and Oil India.

Overall, the Indian stock market closed flat on October 12, 2023, as negative sentiment in the global markets weighed on the domestic indices. However, some sectors managed to buck the trend and close in the green.

Key market highlights:

• Sensex closed at 65,512.39, down 483.24 points (0.73%)
• Nifty closed at 19,512.35, down 141.16 points (0.72%)
• IT sector was the biggest drag on the market, with TCS, Infosys, and HCL Tech among the top losers
• Metal and oil & gas sectors were among the top gainers, led by stocks such as Hindalco Industries, Tata Steel, and Oil India
• Overall, the market witnessed volatile trading throughout the day, with the indices swinging between gains and losses

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