Indian shares closed lower on Thursday, dragged down by most sectors except IT. Rate-sensitive IT firms rose on expectations of a US Fed rate cut next week following in-line US inflation data. However,

The Nifty IT index climbed over 1 percent, with all 10 constituents trading in the green. However, sectors like oil & gas, auto, and FMCG weighed on the market.

The Nifty 50 closed the session down by 0.38%, settling at 24,548 points, while the Sensex ended with a 0.29% loss at 81,291 points. Broader markets also saw declines, with the Nifty Midcap 100 finishing 0.