The rally, since September 29, was triggered by Reserve Bank's bigger-than-expected 0.50 per cent rate cut, which was followed by heightened hopes of a delay in the US rate hike.

Global markets were down as investors awaited minutes from the Fed's last meeting for clues on the timing of a rate hike.
The upcoming earnings season with Infosys due to post July-September results on October 12 and macroeconomic data including inflation and industrial output next week, also forced players to opt for a cautious stance.
The BSE Sensex after rising to 27,120.11 at the outset, slipped into the negative zone to touch a low of 26,762.36 as participants trimmed positions at higher levels before ending at 26,845.81 -- a fall of 190.04 points or 0.70 percent.
From the Sensex pack, Reliance Industries was the biggest loser with a of 2.70 percent, followed by GAIL 2.52 percent.     

Moreover, ITC, ICICI Bank, NTPC, Sun Pharma, Axis Bank, M&M, Lupin, TCS, Bajaj Auto, L&T, ONGC, Maruti Suzuki, HDFC Bank and Cipla tanked up to 2.06 percent.
The 50-share NSE Nifty also succumbed to profit-booking and ended 48.05 points or 0.59 percent lower at 8,129.35 after moving between 8,196.75 and 8,105.85 during the day.



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