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Informist, Wednesday, Oct. 29, 2025

 

By Akash Mandal

 

MUMBAI – The benchmark equity indices recovered Wednesday from the fall they had sustained in Tuesday's session and the Nifty 50 closed above the psychologically crucial level of 26000 points for the first time since Sept. 27, 2024. The 50-stock index had breached the 26000-point level three times in the past trading four sessions but had always closed below the mark. The index faced some selling pressure in early trade Wednesday but broadly maintained its gains and was just 2.15 points shy of 26100 points intraday.

 

The Nifty 50 closed at 26053.90 points, up 117.70 points or 0.5%. The 30-stock BSE Sensex closed at 84997.14 points, up 368.97 points or 0.4%. NTPC, Power Grid Corp. of India, Adani Ports and Special Economic Zone, and HCL Technologies all ended 2-3% higher and were the top gainers in the 50-stock index. Index heavyweights such as Reliance Industries, State Bank of India, and ITC also gained around 1?ch.

 

Shares of asset management companies and broking firms fell sharply after the Securities and Exchange Board of India proposed a complete overhaul of mutual fund regulations. The regulator proposed reduction in the cap on brokerage and transaction costs, with cash market brokerage falling to 2 basis points from 12 bps and brokerage on derivative transactions falling to 1 bps from 5 bps. The likes of Motilal Oswal Financial Services, HDFC Asset Management Co., 360 ONE WAM, Nippon Life India Asset Management, and Anand Rathi Wealth ended 3-8% lower.

 

The broader market indices also ended in positive territory after having being choppy throughout the day's session. Most sectoral indices also ended higher, barring the Nifty India Defence and Nifty Auto.

 

Metal stocks extended their rally, with the Nifty Metal index gaining 1.7% to end higher for the sixth straight session amid optimism fuelled by the safeguards instituted by the government against dumping of Chinese steel and heightened hopes of a China-US trade deal. Steel Authority of India ended over 6% higher ahead of its earnings later in the day. NMDC rose nearly 3?ter strong on-year earnings growth in the September quarter. Hindustan Copper, Hindustan Zinc, and Vedanta all rose around 3?ch.

 

Most oil stocks also gained, with the Nifty Oil & Gas surging 2.1% and ending as the top gainer among sectoral indices. Indian Oil Corp. ended nearly 6% higher after its net profit for the September quarter rose sharply to beat analysts' expectations by a wide margin. Oil and gas marketing companies such as GAIL (India), Adani Total Gas, Hindustan Petroleum Corp., and Bharat Petroleum Corp. gained 2-4%, likely buoyed by lower crude oil prices. Brent Crude futures have been down for four straight sessions now, falling nearly 3% in that period. 

 

Among other stocks, Varun Beverages soared 10% to a near-two-month high after the company's September quarter earnings beat the Street's view, thanks to healthy performance in its African operations. The stock ended 9% higher and was among the top gainers in the Nifty 200. Mahindra & Mahindra Financial Services closed 6% up after its net profit for the quarter came in above estimates and rose 54% on year.

 

Blue Dart Express surged 20% to a three-month high, eventually ending 19% higher as the top Nifty 500 gainer, after its earnings showed strong year-on-year growth for the September quarter after five consequtive quarters of a year-on-year fall. The company also announced an annual price revision of 9-12%, effective January, to offset cost inflation and maintain service quality, CNBC-TV18 reported. Five-star Business Finance ended 13% higher after double-digit year-on-year growth in interest income helped the company's bottom line beat market expectations.

 

On the other hand, Cohance Lifesciences plunged nearly 9% to a near 16-month low after the company said its managing director V. Prasada Raju had resigned with effect from Tuesday. The stock was the worst hit in the 500-stock index. CreditAccess Grameen ended 5% lower despite its bottom line beating the Street's view as a surge in impairment costs on its financial instruments weighed on the profit. NMDC Steel, which was up 3%, plunged to end almost 6% lower despite its losses narrowing on year. The company had reported a profit of INR 255.6 million for the trailing quarter.  End

 

* Of the Nifty 50 stocks, 33 rose and 17 fell
* Of the Sensex stocks, 20 rose, 9 fell, and 1 remained unchanged

* On the NSE, 1,984 stocks rose, 1,128 fell, and 91 were unchanged

* On the BSE, 2,485 stocks rose, 1,665 fell, and 185 were unchanged

* Nifty Oil & Gas: up 2.1%; Nifty Metal: up 1.7%; Nifty Auto: down 0.7%

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BSE                                                NSE

Sensex: 84997.13, up 368.97 points or 0.4%         Nifty 50: 26053.90, up 117.70 points or 0.5%

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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: 84997.13 (Oct. 29)	: 2025 Closing High: 26053.90 (Oct. 29)
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 88.19

 

Edited by Rajeev Pai

 

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