“On Thursday, the Indian stock market started off quietly in the first half but took a downturn in the latter half, causing the Nifty 50 to close at 19,395.30, down by 48.20 points (0.25%), and the Sensex to end at 64,835.20, down by 140.41 points (0.22%). Despite a boost from the realty and auto sectors, heavyweight sectors like IT and FMCG remained sluggish. Despite optimistic global sentiments, stabilisation of crude oil prices at $75.33 per barrel back to where it was in July, along with Moody’s maintaining India’s 2023 growth projection at 6.7%, the market continues to hover around 19,400. This situation is indicative of a consolidation phase that is preventing the benchmark index from surpassing the robust resistance level of 19,500,” as per Mr Shrey Jain, Founder and CEO SAS Online – India’s Deep Discount Broker