Equity benchmarks reversed their morning gains and traded lower by midday on Friday. The Sensex decreased by 272.31 points, or 0.32 percent, to reach 84,132.15. Meanwhile, the Nifty fell by 90.45 points, or 0.35 percent, to settle at 25,787.40 as of 12:30 p.m. The indices opened slightly lower, with the Sensex starting at 84,379.79 compared to its previous close of 84,404.46, while the Nifty opened at 25,863.80, down from Thursday’s close of 25,877.85.
This downturn continues a trend of weakness driven by ongoing selling by foreign institutional investors (FIIs), who offloaded equities worth ₹3,077 crore on Thursday. Domestic institutional investors partially mitigated the impacts with net purchases totaling ₹2,469 crore. Market participants exhibited caution amid high valuations and a subdued global sentiment following a 25-basis-point rate cut by the US Federal Reserve and a meeting between Xi Jinping and Donald Trump, which resulted in only a one-year truce in the US-China trade conflict.
Sectoral indices displayed varied performance, with the Nifty Financial Services dropping 0.57 percent to 27,223.00 and the Nifty Bank decreasing by 0.15 percent to 57,937.95. The broader Nifty Midcap 100 remained mostly unchanged, down 0.02 percent at 60,087.60. Conversely, the Nifty Next 50 edged up by 0.02 percent to 70,113.90.
Market breadth was negative, with 2,107 stocks declining against 1,821 that advanced on the Bombay Stock Exchange (BSE), where a total of 4,123 stocks were traded. A total of 117 stocks reached 52-week highs, while 52 touched 52-week lows. Upper circuit filters were triggered in 157 stocks, while 136 stocks hit lower circuit limits.
Among Nifty constituents, Eicher Motors topped the gainers, rising 2.64 percent to ₹7,071.00. Other gainers included Larsen & Toubro, up 1.07 percent at ₹4,030.00, Tata Consultancy Services, increasing 0.86 percent to ₹3,061.40, Maruti Suzuki, advancing 0.81 percent to ₹16,337.00, and ITC, gaining 0.78 percent to ₹422.00.
On the downside, Eternis registered the most significant decline, falling by 2.43 percent to ₹321.35. It was followed by Max Healthcare, down 2.42 percent to ₹1,150.00, Cipla, decreasing 2.34 percent to ₹1,504.00, NTPC, which declined 2.16 percent to ₹337.70, and IndiGo, falling by 1.61 percent to ₹5,633.00.
Analysts indicated that the Nifty faces immediate resistance at levels between 26,050 and 26,100, while support is anticipated at 25,800. Momentum is expected to recover only if it surpasses 26,100.
Published on October 31, 2025.
