Mumbai: The market ended a dull day of trade on a flat note. The Nifty ended tad below 7950 down 19.25 points at 7945.55 while the Sensex slipped 62.52 points at 26567.99. Oil & gas and FMCG stocks were beaten down while IT stocks gained on dollar strength.
Wipro, Infosys, M&M, TCS and Hero were top gainers. On the losing side were Maruti, Tata Steel, GAIL, Tata Power and Reliance.
Similarly, the National Stock Exchange index Nifty fell 8.05 points, or 0.10 per cent, to 7,956.75.
Brokers said apart from profit-booking by speculators after Tuesday's gains, capital outflows by foreign funds and a mixed trend in overseas markets, influenced sentiments here.
Besides, cautious approach by participants in view of a holiday-shortened week as markets will remain closed on Thursday and Friday for Mahatma Gandhi Jayanthi and Dussehra, respectively, also cast its shadow, they said.
Among other Asian bourses, Japan's Nikkei was trading 0.26 per cent higher in early trade on Wednesday, while Hong Kong's financial markets are closed for public holiday.
The US Dow Jones Industrial Average ended 0.17 per cent lower in Tuesday's trade.
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