Market Highlights: Sensex Settles 466 Points Lower, Nifty Below 25,750
The Indian stock market closed sharply lower on Friday, with both the Sensex and Nifty 50 witnessing broad-based selling amid weak global cues and profit booking in banking, IT, and metal stocks.
The BSE Sensex ended 466 points down at 84,210, while the NSE Nifty 50 slipped below 25,750, closing at 25,722.
Key Market Movers
Eternal Ltd: Shares dropped nearly 3%, extending losses for a second straight session following weak Q2 earnings and subdued investor sentiment.
Kotak Mahindra Bank: Fell 2% after reports of regulatory scrutiny and concerns over sectoral liquidity tightening.
Tata Steel & JSW Steel: Both stocks lost over 1.5% amid global metal price correction.
Infosys and TCS: Tech stocks were mixed, with Infosys marginally up, while TCS declined 0.7%.
Sectoral Overview
All major sectors closed in red except FMCG.
Banking index: Down 1.9%
IT index: Down 0.8%
Metal index: Down 1.4%
FMCG index: Up 0.3%, led by HUL and Nestlé India gains.
Investors turned cautious ahead of next week’s US Federal Reserve policy announcement and domestic PMI manufacturing data.
Broader Market Performance
The BSE MidCap index fell 0.7%, while the SmallCap index shed 0.5%. Market breadth favored the bears, with over 1,700 stocks declining against 1,200 advances.
Expert Insights from
According to Finance market analysts, the short-term trend remains range-bound with heightened volatility. Investors are advised to:
Focus on defensive sectors like FMCG and pharma.
Maintain diversified portfolios to balance market fluctuations.
Avoid heavy leverage until clarity emerges post-Fed policy meet.
“While corrections like these are natural, they also create entry opportunities for long-term investors,” said a Vizzve Finance spokesperson.
FAQs
1. Why did the Sensex and Nifty fall today?
The fall was largely due to global uncertainty, profit booking, and weakness in banking and metal stocks, along with caution ahead of key macroeconomic data.
2. Which sectors performed the worst today?
The banking, metal, and IT sectors led the decline, while FMCG showed resilience.
3. What should investors do now?
Experts suggest staying cautious, avoiding panic selling, and accumulating quality stocks on dips, especially in FMCG and pharma.
4. How did Kotak Mahindra Bank and Eternal Ltd perform?
Kotak Mahindra Bank dropped 2%, while Eternal Ltd declined 3% amid market-wide selloff and company-specific headwinds.
5. What is the short-term outlook for the Indian stock market?
Analysts from Finance expect consolidation within a tight range until global and domestic macro signals turn clearer.
Published on : 1st NOVEMBER
Published by : RAHAMATH
www.vizzve.com || www.vizzveservices.com
Follow us on social media: Facebook || Linkedin || Instagram
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed