Indian stock markets were in retreat on Thursday, October 13 after a 2-day holiday break. In addition, Federal Reserve minutes were released yesterday, showing a 64% chance of a December Fed rate hike in December. Investors are also advised also to watch for a block of September CPI data to be due out this afternoon.By the close, Nifty 50 index fell 1.56% to 8,573.35, while the Sensex 30 was down 1.56% at 27,643.11.On the Nifty 50, representative of the oil&gas sector outperformed the broader market, surging 2.04%, as well as Infosys company, advancing 1.95%. On the other side of the spectrum, Idea Cellular and Bank of Baroda tumbled 4.88% and 4.75%, respectively.The BSE Sensex 30 gainers were led also by Infosys and oil&gas names. Among the decliners, Adani and Housing Development Finance slid 4.68% and 3.83%, respectively.On the currency front, the USD/INR ticked up 0.14% to 66.918, and EUR/INR firmed 0.26% to 73.753. The 10-year bond yield rose 0.13% to 6.828%.ICICI Bank, India’s second largest lender by assets, dropped 3.4%, trending lower for the fifth session in a row.Largest mortgage lender Housing Development Finance dipped 3.95%, while carmaker Tata Motors was off 3.21%.Pharmacist Cipla picked up 0.4% to a one-week high after US regulators completed inspection of the company’s drug manufacturing facilities.Indian company Gruh Finance added 0.48% after quarterly earnings increased by 19.9%.From a technical standpoint, the BSE Sensex 30 reached the lower bound of a rising band in the vicinity of 27,750. Stochastic lines are pointing south, but downside potential is limited.