FIIs net sell shares worth Rs 240 crores, DIIs net buy Rs 2,333 crore on October 13

Market view
At close, the Sensex was down 173.77 points or 0.21 percent at 82,327.05, and the Nifty was down 58 points or 0.23 percent at 25,227.35. BSE Midcap index was down 0.2 percent and small-cap indices shed 0.4 percent.

Among sectors, metal, telecom, IT, FMCG, capital goods, consumer durables slipped between 0.5-1%.

Tata Motors, Infosys, Wipro, Nestle, HUL were among major losers on the Nifty, while gainers were Bharti Airtel, Bajaj Auto, Adani Ports, Shriram Finance and Bajaj Finance.

On today's market,  Ajit Mishra – SVP, Research, Religare Broking Ltd noted that markets opened on a weak note and ended marginally lower, taking a breather after the recent rebound.  "Tariff escalation concerns—particularly after the U.S. President’s statement on the possibility of imposing an additional 100% duty on Chinese goods—triggered risk aversion across global equities, which in turn dampened domestic sentiment," he said.

Mishra added that looking ahead, earnings will remain the key focus, though global developments may continue to induce volatility. "We suggest maintaining a positive bias as long as the Nifty holds above the 25,000 mark, and adopting a strategy of buying quality stocks on dips rather than taking aggressive leveraged positions," he added.

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