Stock market news, Oct. 27 -- The benchmark indices, Sensex and Nifty 50, experienced a drop on Friday due to profit-taking in FMCG and banking stocks following a six-day upward trend and new foreign fund withdrawals.

Ending its six-day winning streak, the Sensex fell by 344.52 points, or 0.41 percent, closing at 84,211.88. At one point during the day, it fell by 599.25 points, or 0.70%, reaching 83,957.15. Nifty 50 dropped by 96.25 points, or 0.37%, to finish at 25,795.15, with 34 of its components closing lower and 16 showing gains.

In a week shortened by a holiday, the BSE benchmark gained 259.69 points, or 0.30%, while the Nifty 50 increased by 85.3 points, or 0.33%.

Profit-taking occurred after a six-day climb, during which the ma...