Markets opened sharply lower on Friday, marking the continuation of losses for the third consecutive session. A steep overnight selloff on Wall Street, combined with weak Asian market cues, led to broad-based selling across sectors. The BSE Sensex fell by 564.32 points—or 0.68 percent—to trade at 82,746.69 as of 10 AM, having opened at 83,150.15, compared to Thursday’s closing figure of 83,311.01. Similarly, the NSE Nifty dropped 172.65 points, also a decline of 0.68 percent, settling at 25,337.05 from its previous close of 25,509.70 after opening at 25,433.80.
“Indian markets opened deep in the red and extended losses in early trade, tracking the overnight sell-off in Wall Street and declines across major Asian equities,” noted Ponmudi R, CEO of Enrich Money. “The Nifty 50 began the session with a gap-down, hovering near its short-term slope support around 25,300.”
Global sentiment shifted sharply negative following one of the most significant declines on Wall Street in recent weeks, primarily driven by technology and AI-linked stocks. Concerns over weak U.S. job data, renewed layoffs in the tech sector, and stretched valuations in AI led to substantial profit booking among growth stocks. Additionally, the ongoing U.S. government shutdown, now in its second month, has halted the release of key economic indicators, obscuring clarity regarding economic conditions and complicating the Federal Reserve’s policy outlook.
“Despite domestic institutional investors (DIIs) buying significantly more than foreign institutional investors (FIIs) are selling—₹5,283 crore from DIIs versus ₹3,263 crore from FIIs yesterday—the market continues to decline,” stated Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments. “The large-scale shorting by FIIs is overpowering DII and investor buying.”
In sectoral performance, banking and financial services exhibited mixed trends. ICICI Bank emerged as the top gainer, rising by 0.81 percent to ₹1,331.10, while State Bank of India fell by 1.41 percent to ₹947.20. Adani Enterprises increased by 0.63 percent to ₹2,328.90, and Shriram Finance added 0.36 percent to ₹790.50. In the insurance sector, HDFC Life gained 0.43 percent to ₹739.20, while Max Healthcare advanced 0.41 percent to ₹1,130.
Technology stocks experienced the most selling pressure. Bharti Airtel plummeted 4.24 percent to ₹2,006.10, posting the highest trading value of ₹11,95,676.58 lakhs. HCL Technologies declined by 1.71 percent to ₹1,500.30, Wipro fell by 1.56 percent to ₹236.30, and TCS reported a decline of 1.49 percent to ₹2,966.
“Nifty tumbled sharply for the second-straight session on Thursday, with sentiment turning fragile amid persistent pessimism and FII selling worth ₹3,263 crore,” said Prashanth Tapse, Senior VP (Research) at Mehta Equities. “Concerns over delayed Federal Reserve rate cuts due to rising services inflation have further dampened the mood, even as hopes linger for a positive outcome from U.S.-India trade talks.”
In commodities, precious metals found some support despite profit booking. “Despite the selling pressure, gold and silver remain well-supported at lower levels,” remarked Rahul Kalantri, VP Commodities at Mehta Equities. “The dollar index has eased from its three-month peak, and uncertainty surrounding the U.S. government shutdown is driving investors towards safe-haven assets.” Gold is currently supported at ₹1,19,870-₹1,19,280, with resistance positioned at ₹1,21,090-₹1,21,600.
Crude oil prices extended their decline to two-week lows as a result of rising supply and weakening demand. U.S. Energy Information Administration (EIA) data indicated an unexpected inventory build of 5.2 million barrels last week. Crude oil has support at ₹5,200-₹5,140 and resistance at ₹5,320-₹5,400.
“This is an ideal time for investors to churn portfolios in favor of fairly-valued large caps,” Vijayakumar added. “FII selling has reduced the prices of fairly valued large caps, particularly in banking and pharmaceuticals, where growth prospects continue to be bright.”
Published on November 7, 2025.
