Taking Stock: Market extends fall; Nifty below 25,000, Sensex down 319 pts

Market Today

The benchmark indices ended lower for the second consecutive session on October 16, with the Nifty below 25,000 amid selling across sectors barring realty.

At close, the Sensex was down 318.76 points or 0.39 percent at 81,501.36, and the Nifty was down 86 points or 0.34 percent at 24,971.30.

Amid weak global markets, the Indian indices opened in the red with Nifty below 25,000, while recovery in the initial hours erased all the losses. However, selling in auto and Information Technology names dragged the Nifty near to 24900, intraday.

Trent, M&M, Hero MotoCorp, Infosys and Adani Ports were among the top losers on the Nifty, while gainers included HDFC Life, Dr Reddy's Labs, Grasim Industries, Bharti Airtel and HDFC Bank.

Among sectors, oil & gas, realty, telecom indices ended in the green, while auto, IT, pharma and media down 0.5-1 percent.

The BSE midcap ended flat and smallcap index rose 0.3 percent.

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Nearly 260 stocks touched their 52-high on the BSE, including, Aditya Birla Sun Life AMC, Aditya Birla Real Estate, Amber Enterprises, Apar Industries, CAMS, Dixon Technologies, Five-Star Business, HCL Technologies, HDFC AMC, Indigo Paints, MCX India, Motilal Oswal, Nippon Life India Asset Management, Oberoi Realty, Page Industries, Siemens, UTI AMC, Whirlpool, among others. Click To View More

Index	Prices	Change	Change%
Sensex	84,673.02	-277.93	-0.33%
Nifty 50	25,910.05	-103.40	-0.40%
Nifty Bank	58,899.25	-63.45	-0.11%

Nifty 50 25,910.05 -103.40 (-0.40%)

Tue, Nov 18, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Bharti Airtel	2,149.20	37.00	+1.75%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,739.50	-133.50	-2.27%

Best Sector	Prices	Change	Change%
Nifty Bank	58899.30	-63.40	-0.11%

Worst Sector	Prices	Change	Change%
Nifty IT	35975.20	-400.00	-1.10%

Outlook for October 17

Rupak De, Senior Technical Analyst, LKP Securities

The Nifty has slipped after a brief consolidation on the hourly time frame, suggesting increasing bearish sentiment among traders. The recent weakness has led Nifty below the 38.20% retracement of the previous rise from 24,694 to 25,212.

Sentiment now appears slightly bearish, with immediate support at 24,900. A break below this level could intensify the weakness, potentially dragging Nifty down to 24,700. On the upside, 25,000 remains a strong resistance; only a decisive breakout above this level may trigger a directional rally in the market.

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Nifty opened mildly in the red and traded with a negative bias throughout the day to close in the red down ~86 points. On the daily charts we can observe that the Nifty has been trading in the range of 24900 – 25200 since the last six trading sessions. We expect this price action to continue over the next couple of trading sessions. A decisive break on either side shall lead to trending moves in that particular direction. We expect this consolidation to breakout on the upside and target levels 25360 – 25500.

Bank Nifty has been comparatively strong and is holding on to the key hourly moving averages and trending higher. Though it closed in the negative today the undertone still remains bullish. Positive momentum is likely to continue towards 52500 which coincides with the 20-day average. Support base is placed at 51400 – 51500.

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