Market close October 19: What fell, what rose and what the data leaves out

What fell: the Sensex by 876.37 points to 73,852.90 and the Nifty by 257.20 points to 22,888.95.

What rose: the Nifty PSU Bank index by 2.5%, the only major sectoral index to finish higher.

What drove it: weak private bank results, Axis Bank’s 4.2% fall, crude near 108 dollars and profit-booking.

What is next: markets are shut on Tuesday for Dussehra, and the Jio Platforms IPO opens on Wednesday.

What is not reported: foreign and domestic institutional flows and the rupee’s level.

The BSE Sensex fell 876.37 points, or 1.17%, to close at 73,852.90, according to HDFC Sky.

The Nifty 50 fell 257.20 points, or 1.11%, to settle at 22,888.95, according to the same report.

The previous session had closed at 74,729.27 for the Sensex and 23,146.15 for the Nifty 50, according to India TV.

Both indices had rallied about 3% in the previous week, their strongest weekly gain in six months, according to HDFC Sky.

Market breadth was weak, with 2,925 shares declining, 1,163 advancing and 181 unchanged, according to HDFC Sky.

The Nifty Midcap index fell about 1.1% and the Nifty Smallcap index shed about 1%, according to the same report.

The Nifty Private Bank index fell about 1.9%, the Nifty IT index fell 1.3% after a 3.9% gain in the previous session, and the Nifty FMCG index fell 1.4%.

The Nifty PSU Bank index rose 2.5% and was the only major sectoral index to finish higher, according to HDFC Sky.

Axis Bank fell 4.2% after its September-quarter profit narrowly missed analyst expectations, with higher operating expenses and weaker other income offsetting strong credit growth and lower provisions, according to HDFC Sky.

Among other large stocks, LTIMindtree fell 2.8%, Infosys fell 2.63%, Bajaj Finance fell 2.52%, Yes Bank fell 3.5% and Tata Motors Passenger Vehicles fell 3.09%, according to the article text.

Dalal Street sign board, Mumbai (file image), Wikimedia Commons, CC BY-SA 4.0