Sensex and Nifty Slip Amid Profit-Taking and Weak Asian Cues: Volatility Marks Monthly F&O Expiry

Indian equity benchmarks witnessed a volatile session on Tuesday, October 28, 2025, as Sensex and Nifty slipped amid broad-based profit-taking and weak cues from Asian markets. The decline came despite a strong start to the week and was largely attributed to cautious sentiment ahead of the monthly expiry of F&O contracts.

Market Overview

The BSE Sensex closed 151 points lower at 84,628.16, while the NSE Nifty ended the day down 29.85 points at 25,936.20. Both indices traded in a narrow range throughout the session, oscillating between gains and losses as traders adjusted positions ahead of expiry.

Key losers included Bajaj Finserv, Power Grid, ONGC, Coal India, and Trent. On the flip side, Tata Steel, SBI Life Insurance, JSW Steel, HDFC Life, and L&T managed to post gains, supported by sectoral strength in metals and select financials.

Sectoral Performance

  • Metal and PSU Bank indices rose by 1.2%, buoyed by optimism around a potential U.S.-China trade deal and expectations of increased FII limits in public sector banks.
  • IT, Pharma, FMCG, and Realty sectors saw mild declines, shedding between 0.5% to 1%, as investors booked profits after recent rallies.
  • Midcap and Smallcap indices ended flat, indicating cautious participation from broader market players.

Global Influence

Asian markets traded weak, with concerns over global growth and mixed earnings reports weighing on sentiment. The Hang Seng and Nikkei posted moderate losses, which spilled over into Indian equities. Additionally, rising crude oil imports and global tech layoffs added to the cautious tone.

F&O Expiry Impact

Being the monthly expiry of F&O contracts, the session was marked by sharp intraday swings. Traders engaged in rollover activity and unwinding of positions, leading to heightened volatility. Index options saw heavy volume, especially in Nifty 26,000 and Bank Nifty 44,000 strikes.

Technical Outlook

Nifty continues to hover near its psychological level of 26,000, with support seen at 25,800–25,850 and resistance at 26,100–26,275. A sustained move above 26,000 could trigger fresh buying, while failure to hold may invite further profit booking.

Strategic Guidance

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Conclusion

Tuesday’s session highlighted the importance of tactical positioning and sectoral rotation. As markets digest earnings and global cues, traders should remain nimble, protect capital, and seek expert-backed strategies to navigate the next leg of the market.

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