Taking Stock: Market slips into the red; Nifty ends below 19,550, Sensex falls 316 points

Market Today

The Indian equity benchmarks ended lower when the market resumed trading on October 3 after an extended weekend following weak global cues and widespread selling.

At close, the Sensex was down 316.31 points or 0.48 percent at 65,512.10 and the Nifty was down 109.50 points or 0.56 percent at 19,528.80.

The market opened gap-down and extended the losses as the day progressed, with the Nifty slipping below 19,500. Buying in capital goods and PSU banking stocks narrowed the losses in the second half.

Read more: World Bank retains India FY24 growth forecast at 6.3%, warns of global challenges

Stocks and sectors

ONGC, Eicher Motors, Hindalco Industries, Maruti Suzuki and Dr Reddy's Laboratories were among the top losers on the Nifty. The gainers included Titan Company, Bajaj Finance, L&T, Bajaj Finserv and Adani Ports.

Among sectors, FMCG, auto, power, metal, and oil & gas were down 0.5-1 percent. The PSU bank index gained 2.3 percent and the capital goods index a percent.

The BSE midcap index ended flat, while smallcap index rose 0.6 percent.

Index	Prices	Change	Change%
Sensex	83,938.71	-465.75	-0.55%
Nifty 50	25,722.10	-155.75	-0.60%
Nifty Bank	57,776.35	-254.75	-0.44%

Nifty 50 25,722.10 -155.75 (-0.60%)

Fri, Oct 31, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Bharat Elec	426.10	16.20	+3.95%

Biggest Loser	Prices	Change	Change%
Eternal	317.75	-11.60	-3.52%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8184.35	125.60	+1.56%

Worst Sector	Prices	Change	Change%
Nifty Metal	10612.20	-117.00	-1.09%

A short build-up was seen in Delta Corp, ONGC and Eicher Motors, while a long build-up was seen in Mahanagar Gas, Vedanta and Punjab National Bank.

Among individual stocks, a volume spike of more than 200 percent was seen in Mahanagar Gas, Marico and Indian Railway Catering & Tourism Corp (IRCTC).

More than 250 stocks touched their 52-week high on the BSE, including JSW Energy, BL Kashyap And Sons, PNB Housing Finance, L&T, Union Bank Of India, Jyothy Labs, GPT Infraprojects, DB Corp, Canara Bank, Torrent Power, Zomato. Click to View Full List

Outlook for October 4

Aditya Gaggar Director of Progressive Shares:

Indian bourses began the week on a tepid note at 19,630 by following its weak Asian counterparts. During the day, an attempt of recovery was seen but the higher levels did not last long and Nifty50 ended the day at 19,528.75 down by 109.55 points.

Among sectors, PSU Banking was the best performer followed by the Media; on the flip side, Energy and Auto were the major laggards. Mid and Smallcap indices outperformed the Frontline Index as corrective moves were mainly seen in the heavyweights.

Nifty50 has made a bearish candlestick pattern but at present, it stands close to its strong support level of 19,450, a close below the mentioned level will drag the Index further lower to 19,200 while immediate resistance is 19,630 and for trend reversal, the Index has to give a convincing close above 19,730.

Shrikant Chouhan, Head of Research (Retail), Kotak Securities:

Investors preferred to shun their equity exposure ahead of the monetary policy committee meeting this week. Markets were in weak terrain through the session, as traders trimmed their holding in automobile, oil & gas and metal shares. The stronger dollar once again weighed heavily on the rupee, which indicates that foreign investors may have once again pulled the plug on Indian equities.

Even the robust September GST collections failed to enthuse investors as global worries continue to dictate the trend on local markets. Technically, on daily charts, the Nifty has formed a bearish candle and on intraday charts it is still holding lower top formation, which is largely negative.

For the bulls now, 19580 could be the immediate resistance zone, above which the index could move up till 19700-19725. On the flip side, 19450 and 19480 would act as a strong support zone for the traders. Below 19450, the selling pressure is likely to accelerate and the index could slip till 19375-19350.

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