Benchmark Indices Fall as IT and Reliance Weigh on Markets

Stock recommendations for 29 October from MarketSmith India. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Stock market recap: Benchmark indices fell on Wednesday, as selling in IT stocks and Reliance Industries weighed on sentiment amid rising crude oil prices and caution ahead of the US Federal Reserve's policy decision. The Sensex closed at 73,246.03, down 352.64 points, or 0.48%, while the Nifty fell 50.90 points, or 0.22%, to settle at 22,698.85. Broader markets, however, advanced on selective buying. The BSE SmallCap Select index rose 0.85%, while the MidCap Select index gained 0.66%.