Indian equity benchmarks extended their losing streak for the second consecutive session on October 31, 2025, as heavy selling in private banking stocks and weak global cues weighed on investor sentiment. The BSE Sensex plunged 465.75 points to close at 83,938.71, while the NSE Nifty dropped 155.75 points to settle at 25,722.10, marking a 0.60% decline.
Market Overview: Private Banks Lead the Fall
The sharp decline was led by Kotak Mahindra Bank, ICICI Bank, HDFC Bank, and Bajaj Finserv, which saw significant profit booking. Analysts attributed the fall to foreign fund outflows, mixed corporate earnings, and uncertainty surrounding the U.S. Federal Reserve’s future rate action, all of which have dampened risk appetite.
During intraday trade, the Sensex fell as much as 498.8 points before recovering slightly. The Nifty hovered near its critical support zone of 25,700, raising concerns about further downside if selling pressure persists.
Sectoral Performance
- Private banking stocks were the biggest drag on the indices, with notable declines in Kotak Mahindra Bank and ICICI Bank.
- PSU banks, however, showed resilience, with State Bank of India among the gainers.
- Other gainers included Bharat Electronics, Larsen & Toubro, Tata Consultancy Services, and ITC, which helped cushion the broader market fall.
- Sectoral indices for power, metal, media, IT, and healthcare also ended in the red, while PSU Bank index rose 1.5%.
Global Cues and Investor Sentiment
Asian markets offered mixed signals. While South Korea’s Kospi and Japan’s Nikkei 225 ended in positive territory, Shanghai’s SSE Composite and Hong Kong’s Hang Seng closed lower. The lack of clarity on the Fed’s rate trajectory and geopolitical tensions continue to inject volatility into global markets.
Back home, investors remain cautious ahead of key macroeconomic data and corporate earnings. The volatility index also edged higher, indicating rising nervousness among traders.
Strategic Outlook and Eqwires Advantage
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Conclusion
The second straight day of decline in Indian markets underscores the fragility of sentiment amid global and domestic uncertainties. With private banks under pressure and key support levels being tested, traders must remain vigilant. Deploying capital through structured strategies and expert guidance—like those offered by Eqwires—can help navigate this turbulence with confidence and clarity.
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