FIIs net sell shares worth Rs 3,078 crore, DIIs net buy Rs 2,469 crore on October 30

Market view

The Nifty closed at 25,877.85,  down 176.05 points or 0.68 percent. Meanwhile, Sensex closed at 84,404.46, lower by 592.67 points or 0.70 percent on October 30. Sectoral indices ended mostly in the red, with healthcare, financial services, and pharma stocks leading the decline. The Nifty Healthcare Index slipped 0.81 percent, while financial services and private bank indices fell around 0.7 percent each. IT, FMCG, and auto also witnessed moderate losses.

On the other hand, Nifty Realty was the only gainer, inching up 0.13 percent, while consumer durables and oil & gas indices saw marginal dips. Overall, market sentiment remained subdued across key sectors.

On today's market, Ajit Mishra, SVP, Research, Religare Broking noted that sentiment weakened after the U.S. Federal Reserve signaled that its latest rate cut could be the final move for 2025, dampening global risk appetite. Additionally, he noted that persistent caution around U.S.–China trade negotiations further weighed on sentiment.

"Going ahead, indications point toward continued consolidation, with support seen in the 25,600–25,800 zone for the Nifty, while a decisive rebound above 26,100 could reignite momentum. Amid this phase, participants should focus on stock-specific opportunities in sectors and themes demonstrating relative strength and use the ongoing correction to accumulate quality names on dips," Mishra said.

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