BSE Sensex shed 64.66 points, or 0.10 per cent, to end the session at 66,408.39. NSE's Nifty50 fell 17.35 points, or 0.09 per cent, to end the day at 19,794 for the day.
The September quarter earnings will kick off next week, the data so far paints a bullish picture of the economy. However, the gloom in the US continues and the Israel-Palestine war could further destabilise the global economy
Vascon Engineers was the top gainer in the smallcap pack with nearly 24% returns, followed by Sasken Technologies (23.6%), Bhagiradha Chemicals (22.2%), and Authum Investment (22%)
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas expects this pullback to continue till 19778 – 19800 where resistance in the form of the 50% Fibonacci retracement level and the 20-day moving average is placed.
Among sectors, BSE Realty index added 2 percent, BSE Information Technology index rose 1.8 percent, BSE Capital Goods index gained 1 percent, while BSE Power Index shed 2.5 percent, BSE Metal index fell 2.3 percent and BSE Telecom index fell 2 percent.