Indian equity markets closed significantly lower on Thursday, following hawkish remarks from US Federal Reserve Chair Jerome Powell, which led to a selloff as investors adopted a cautious stance after the Fed indicated no firm commitment to further rate cuts in December.
The BSE Sensex fell by 592.67 points, or 0.70 percent, to end the day at 84,404.46. Similarly, the NSE Nifty 50 declined by 176.05 points, or 0.68 percent, closing at 25,877.85. The losses were widespread, predominantly in the IT and telecom sectors, although select major stocks like Larsen & Toubro (L&T) and UltraTech Cement provided some support against the decline.
Top Gainers
Larsen & Toubro emerged as the top gainer, rising 0.91 percent to ₹3,987.80, aided by strong order inflows and an optimistic outlook for the infrastructure segment. Bharat Electronics Ltd. (BEL) increased by 0.66 percent to ₹409.95, while UltraTech Cement registered a rise of 0.44 percent to ₹12,051.15. Maruti Suzuki also experienced gains, up 0.38 percent to ₹16,205.60, and Adani Ports & SEZ edged up by 0.22 percent to ₹1,457.85.
Top Losers
Conversely, Bharti Airtel was the most significant loser, dropping 1.64 percent to ₹2,066.10 amid profit-taking. Power Grid Corporation fell by 1.45 percent to ₹291.55, followed by Tech Mahindra, which declined by 1.36 percent to ₹1,433.55. Infosys lost 1.14 percent to reach ₹1,493.60, while Bajaj Finance decreased by 1.04 percent, closing at ₹1,051.95.
“Today, Indian markets ended on a negative note, with both Sensex and Nifty recording substantial declines. The primary factor for this downturn was global uncertainty stemming from the US Federal Reserve’s latest 25 basis point rate cut, along with Chair Jerome Powell’s comments suggesting no clear commitment to future cuts in December. This hawkish tone disappointed investors who were hoping for a more dovish outlook with clearer indications of ongoing rate easing,” stated Abhinav Tiwari, Research Analyst at Bonanza.
Published on October 30, 2025
