Indian markets continue decline as global indices show mixed signals

The Indian benchmark indices continued their downward trend for the sixth consecutive session on November 14. The Nifty closed below 23,550 due to notable selling pressure in the FMCG, PSU Bank, and oil & gas sectors.

At the end of the trading day, the Sensex fell by 110.64 points, or 0.14 percent, settling at 77,580.31. Similarly, the Nifty decreased by 26.35 points, or 0.11 percent, to close at 23,532.70. Both the BSE Sensex and Nifty recorded a decline of 2.5 percent each for the week.

The FMCG, power, PSU Bank, and oil & gas sectors experienced losses between 0.3 and 1 percent, while the auto, media, and realty sectors saw gains ranging from 0.6 to 2 percent. This indicates a mixed market sentiment amid ongoing corrections.

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