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Stock market today: The Indian stock market ended lower on Wednesday, October 8, with the benchmark indices snapping their four-day winning streak amid profit booking ahead of the September-quarter (Q2) results season.

The Sensex ended 153 points, or 0.19%, lower at 81,773.66, while the Nifty 50 closed with a loss of 62 points, or 0.25 per cent, at 25,046.15. The BSE Midcap and Smallcap indices underperformed, falling 0.74% and 0.42%, respectively.

Investors lost more than ₹2 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to below ₹458 lakh crore from over ₹460 lakh crore in the previous session.

The domestic stock market ended lower on profit booking ahead of the start of the Q2 earnings season. IT major TCS will announce its earnings for the September quarter on Thursday, October 9.

Weak global cues and a lack of fresh positive triggers also kept sentiment subdued.

"National indices witnessed a volatile session, tempered by profit booking after a sharp rally. Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects," said Vinod Nair, Head of Research, Geojit Investments.

"Attention now turns to the September FOMC minutes for signals on the Fed’s policy stance. Going forward, while global developments remain relevant, market focus is likely to shift toward domestic earnings, macroeconomic data, and the upcoming festive season," Nair said.

Titan Company (up 4.29 per cent), Infosys (up 2.30 per cent), and TCS (up 1.94 per cent) ended as the top gainers.

Shares of Tata Motors (down 2.54 per cent), Mahindra and Mahindra (down 1.94 per cent), and Jio Financial Services (down 1.68 per cent) ended as the top losers. As many as 36 stocks ended lower in the Nifty 50 index.

Except for Nifty IT (up 1.51 per cent) and Consumer Durables (up 0.71 per cent), all sectoral indices ended in the negative on Wednesday.

Nifty Realty (down 1.83 per cent), Media (down 1.71 per cent), and Auto (down 1.53 per cent) closed as the top losers.

Nifty Bank and Financial Services indices lost 0.39 per cent and 0.45 per cent, respectively.

Vodafone Idea (105.9 crore shares), YES Bank (9.7 crore shares), and PC Jeweller (7.3 crore shares) were the most active stocks in terms of volume on the NSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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