The Nifty and Sensex indices closed lower on October 5th, losing 40.65 and 119.69 points respectively, as banking, financial, telecom, technology and healthcare stocks declined. The markets had gained earlier in the day following cabinet approval of 49% FDI in insurance and pension funds. Foreign institutional investors were net buyers of Indian stocks, while domestic institutional investors were net sellers. The report provides analysis of sector performances and top gaining and losing stocks for the day.