The Indian stock market faced a decline on Wednesday's trading day. The Sensex closed at 80,081.98 with a decline of 138.74 points, while the Nifty closed at 24,435.50 after a decline of 36.60 points. On this day, there were signs of selling in the auto, pharma, and metal sectors in the market.

Performance of midcap and smallcap

However, some improvement was seen in the midcap and smallcap index. The Nifty Midcap 100 index closed at 56,533.55 with a gain of 359.50 points, while the Nifty Smallcap 100 index gained 225.20 points to touch the level of 18,286.20. These figures show that investors' interest in the shares of small and mid-sized companies remains intact.

Selling Areas

On this day, there was a selling environment in the auto, pharma, metal, realty, and energy sectors of Nifty. However, there was buying in IT, PSU bank, and FMCG sectors. This can be a positive sign for the direction of the market.

Market conditions

On the BSE, 2,189 stocks closed in the green and 1,743 in the red, while 99 stocks remained unchanged. Top Sensex gainers were Bajaj Finance, Tech Mahindra, and HDFC Bank, while the top losers were M&M, Sun Pharma, and NTPC.

Foreign and domestic investors

Foreign institutional investors (FIIs) sold shares worth Rs 3,978 crore on October 22, while domestic institutional investors bought shares worth Rs 5,869 crore. This data can affect investor sentiment and play an important role in the next market move.

future prospects

Market experts say that fluctuations were seen throughout the day's trading. Negative signals have been received in Nifty, which indicates that selling may continue in the market. In the next few days, the range of Nifty may remain between 24,400 to 24,750.

Given all these signals, investors are advised to exercise caution. It will be important to keep an eye on market movements and make timely decisions.