India’s stock market closed in the red on Friday, October 19, in sync with other Asian trading floors. Indices came under pressure from weak data on China’s GDP in Q3. To remind, India’s stock exchange was closed in observance of a national yesterday. Automakers, energy and tech names led the decline today, while consumer staples outperformed the broader market. Recapping the benchmarks, the Nifty 50 dropped 1.43% to 10,303.55, while the BSE Sensex closed 1.33% lower at 34,315.63. By 10:35 GMT, the USD/INR eased 0.47% to 73.455, while EUR/INR climbed 0.04% to 84.2565. The 10-year government bond yield stood at 7.920%. ACC and Mindtree sank 7.29% and 16.22% amid weak financial results over the past quarter. At the same time, Yes Bank retreated 6.04% after India’s central bank refused to extend CEO Rana Kapoor's term. Energy company Reliance Industries stood out among the underperformers, falling 4.34% amid a decline in the oil refining margin in the three months ending in September. Top gainers on the Nifty 50 included Hindustan Petroleum, Sun Pharma and Vedanta, which surged 4.15%, 2.78% and 1.51%, respectively. Indiabulls (-17.10%) and HCL Technologies (-6.42%) stood out among the session’s worst performers. The daily chart shows that the BSE Sensex has been hovering around the 34,000-34,315 support level. If this level is breached, the benchmark may continue to trend lower.