It was another weak day for the Indian stock market as frontline indices extended their losing streak for the second consecutive day on Tuesday, October 14, with weak global cues weighing on investor sentiment, offsetting the otherwise resilient domestic outlook.
The Nifty 50 closed 0.42% lower at 25,120, while the S&P BSE Sensex fell 0.36% to 82,029 points. Broader markets also ended in the red, with the Nifty Midcap 100 down 0.75% and the Nifty Smallcap 100 closing 0.90% lower.
Among sectors, Nifty FMCG led the losses with a 0.90% drop, followed by Nifty Consumer Durables and Nifty IT, both down up to 0.90%. Nifty Metal and Nifty Oil & Gas also closed lower, with declines of up to 0.40%. On the upside, Nifty Bank was among the few gainers, rising 0.24%.
“While global headwinds and geopolitical uncertainties dominate headlines, investors remain confident in India’s structural stability, ample liquidity, and festive-season demand — factors that continue to cushion the market against external volatility and reinforce its long-term growth narrative,” said Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm.
Ponmudi added, “Investors continue to balance global headwinds with India’s solid macroeconomic backdrop, supported by steady institutional inflows and sectoral rotation across PSU Banks, IT, and Metals.”
