Punjab Newsline | Mumbai
Indian stock market traded lower on Monday, October 12, with the Sensex falling around 200 points to trade near the 72,400 level. The Nifty also declined by approximately 50 points to hover around 22,600.
Selling pressure was particularly visible in IT, banking and FMCG stocks, weighing on the broader market.
The decline comes after a strong rally in the previous session on October 9. The Sensex had surged 879 points, or 1.23 per cent, to close at 72,472. The Nifty had also gained 289 points to settle at 22,520.
Investors are now monitoring market movements and sectoral trends as the benchmark indices give up some of their recent gains.
