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Indian equities close lower as profit-taking hits IT, pharma and realty counters
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The Sensex dropped 151 points to 84,628 as IT, pharma, and realty stocks led declines, while metals and energy shares offered limited support.
Equity benchmarks reversed early gains on October 28, with the Sensex ending 151 points lower at 84,628 and the Nifty closing marginally below 25,950. Weakness in IT, pharmaceutical, and real estate sectors offset advances in metals and energy. Namun Steel and ONGC stood out as top gainers, while HCLTech, Cipla, and DLF saw declines. Market analysts said traders booked profits ahead of the Federal Reserve’s policy announcement. Broader indices also cooled after three consecutive sessions of sustained buying momentum across midcaps.