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Informist, Tuesday, Oct. 28, 2025

 

By Akash Mandal

 

MUMBAI – Benchmark equity indices ended lower Tuesday as investors booked profits across most sectors after gains of nearly 6% so far in October. The broader market was more resillient than headline indices but the market breadth was lower, with 53% of the stocks traded on the NSE ending lower. Only six of the 16 major sectoral indices ended the session higher.

 

The Nifty 50 ended the session at 25936.20 points, down 29.85 points or 0.1%. While the index fell to around 25800 points at its lowest and was choppy throughout the session, it did not threaten to fall below 25700 points, a level above with most analysts are maintain their positive view on the market. The BSE Sensex closed at 84628.16 points, down 150.68 points or 0.2%. 

 

Trent, Bajaj Finserv, and Coal India ended 1-2% lower and were the worst hit in the 50-stock index. Index heavywight stocks such as ICICI Bank, ITC, Mahindra & Mahindra, and Axis Bank ended in the red and were a major drag on the index. On the other hand, Tata Steel, JSW Steel, and SBI Life Insurance Co. gained 1-3% and were the top gainers. 

 

The Nifty Metal gained 1.2?ter reports of China's recent proposal to limit steelmaking capacity to rebalance supply and demand. This would be positive for Indian steelmakers, who suffer due to oversupply of cheap steel from China into the Indian market. There was also optimism surrounding a trade deal between the US and China and hope of a rate cut by the US Federal Reserve, reports said. Jindal Steel, JSW Steel, and Tata Steel ended 3-4% higher.

 

Tata Steel was also buoyed by Motilal Oswal Financial Services upgrading its rating on the stock to 'buy' from 'neutral' with a target price of INR 210, citing a better outlook due to improving steel price realisations, operating efficiencies, and a strong domestic demand outlook.

 

 

Public sector banks extended their rally. The Nifty PSU Bank, which had gained over 2% on Monday after reports that the government plans to allow up to 49% foreign direct investment in these banks, ended 1.2% higher. The index was up for most of the day, relatively unaffected by the volatiility across the market. Indian Bank, Bank of Maharashtra, and Punjab & Sind Bank ended 2-3% higher. 

 

Among other stocks, Indus Towers ended 4% higher after the company's top line and bottom line for the September quarter beat analysts' estimates. Some brokerages also reiterated their positive view on the stock post the strong showing. Syrma SGS Technology ended 6% higher after the government approved the first batch of seven projects under the electronics components manufacturing scheme worth INR 55 billion. Among these projects, Syrma SGS Technology received approval for INR 7.65 billion of investment from the government for multilayer printed circuit boards that will have cumulative production worth INR 69.33 billion, reports said.

 

Newgen Software Technologies, which was trading 6% higher, rose 13?ter its consolidated net profit and sales both rose sharply on quarter in Jul-Sept.

 

On the other hand, Bata India fell 6?ter a dissapointing financial showing in the second quarter, with brokerages saying that the company had missed the Street's estimates on most fronts. Trading in shares of Reliance Infrastructure was paused after the stock hit the 5% lower band at INR 214.32. The fall comes amid the deepening legal challenges for the Reliance Group. Earlier this month, the company, along with Reliance Power, had received show-cause notices from the Securities and Exchange Board of India for alleged violation of trade practice norms by the former.

 

* Of the Nifty 50 stocks, 20 rose and 30 fell
* Of the Sensex stocks, 9 rose and 21 fell

* On the NSE, 1,385 stocks rose, 1,730 fell, and 122 were unchanged

* On the BSE, 1,910 stocks rose, 2,246 fell, and 180 were unchanged

* Nifty Metal: up 1.2%; Nifty PSU Bank: up 1.2%; Nifty Realty: down 1.1%

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BSE                                                NSE

Sensex: 84628.16, down 150.68 points or 0.2%       Nifty 50: 25936.20, down 29.85 points or 0.1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84556.40 (Oct. 23)	: 2025 Closing High: 25891.40 (Oct. 23)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 85290.06 (Oct. 23)	: 2025 High (intraday): 26104.20 (Oct. 23)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 88.27

 

Edited by Avishek Dutta

 

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