Taking Stock: Nifty at 24,200, Sensex falls 836 points; all eyes on FOMC outcome

Market Today

Indian benchmark indices erased gains from previous sessions to snap a two-day winning run amid selling across sectors, as investors remained cautious ahead of Federal Open Market Committee (FOMC) outcome later tonight.

At close, the Sensex was down 836.34 points or 1.04 percent at 79,541.79, and the Nifty was down 284.70 points or 1.16 percent at 24,199.30.

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Hindalco Industries, Trent, Shriram Finance, Tech Mahindra and Grasim Industries were among the top losers on the Nifty, while gainers were Apollo Hospitals, HDFC Life, SBI, TCS and L&T.

All the sectoral indices ended in the red with auto, metal, power, telecom, pharma, realty down 1-2 percent.

BSE Midcap and smallcap indices shed 0.5 percent each.

More than 240 stocks touched their 52-week high on the BSE, including, Apollo Hospitals, Caplin Labs, City Union Bank, Coforge, Coromandel International, DCM Shriram, Deepak Fertilisers, eClerx Services, Federal Bank, Firstsource Solustions, Jubilant Pharmova, Kaynes Technologies, KEC International, Oberoi Realty, Persistent Systems, Welspun Corp, among others. Click To View More

Outlook for November 8

Index	Prices	Change	Change%
Sensex	82,062.06	-264.99	-0.32%
Nifty 50	25,149.25	-78.10	-0.31%
Nifty Bank	56,381.20	-243.80	-0.43%

Nifty 50 25,149.25 -78.10 (-0.31%)

Tue, Oct 14, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
ONGC	247.22	3.13	+1.28%

Biggest Loser	Prices	Change	Change%
Tata Motors	410.00	10.00	+2.50%

Best Sector	Prices	Change	Change%
Nifty IT	35313.10	-17.70	-0.05%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	7622.35	-91.60	-1.19%

Aditya Gaggar Director of Progressive Shares

Diverging from strong global equities, Indian markets started the weekly expiry trade on a tepid note and a sudden fall was seen in the opening trade followed by a range-bound trade before ending the session at 24,199.35 with a loss of 284.70 points.

Barring PSU Banks, all the other sectors ended the day in red with Metal and Pharma being the major laggards.

On the daily chart, the Index has formed a bearish engulfing pattern but it appears that it is forming a right shoulder of an Inverted Head & Shoulder formation with a neckline being placed at 24,500 which is also immediate resistance while on the lower side, psychological level of 24,000 will serve as a support.

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