Overview:

• Sensex was down 255 points at 84,149 while Nifty fell 82 points to 25,795.

• Banks and IT stocks dragged markets, while Eicher Motors and ITC emerged as top gainers.

• Bandhan Bank's profit plunged 88%, while Welspun Corp and Cipla reported strong earnings.

Indian stock market today traded in red. The benchmark indices suffered modest losses. BSE Sensex drifted lower by 255.44 points to 84,149.02, reflecting a decline of 0.30%. Similarly, Nifty 50 dropped 82.25 points to settle at 25,795.60, slipping 0.32% for the day. Banking stocks faced pressure with Nifty Bank index falling 114.55 points to 57,916.55. IT stocks were also at the receiving end, with Nifty IT index down 0.12% to 35,863.95. Even BSE Smallcap index was not immune, which declined 51.74 points to 54,040.51.

Market breadth stayed negative on NSE, as 1,197 stocks advanced, against a decline of 1,501 stocks, indicating more losers than gainers. Let’s see how different stocks performed today based on Moneycontrol Live Updates.

Top Gainers and Losers

Eicher Motors topped the gainers on Nifty 50 by rising 2.36% to Rs 7,051.50, ITC added 1.50 % at Rs 425.05, SBI jumped 1.09% at Rs 944.55. Meanwhile, Bajaj Auto and TCS rose by 1 % and 0.87 %, respectively.

On the other hand, NTPC led the decline, down 2.33% at Rs. 337.10. Max Healthcare shed 2.21 % to Rs. 1,152.50 and Cipla was down 1.94% at Rs. 1,510.20. Hindalco and Eternal declined 1.75% and 1.64%, joining the top losers list on Nifty 50.

Foreign and Domestic Institutional Activity

Foreign Institutional Investors continued their selling spree by selling stocks worth Rs 3,077.59 crore on October 30. However, Domestic Institutional Investors also countered by buying shares worth Rs 2,469.34 crore on the same day. It has become a regular trend that the domestic investors absorb the sell-off of foreign investors partly.

Also Read: BHEL Share Price Rises 5% to Rs.258.94 After Q2 FY26 Profit Soars 254%

Currency and Commodity Markets

Indian rupee opened slightly stronger at 88.61 per dollar on October 31 against October 30’s close of 88.70. Hence, it gives some relief to importers and the general economy.

Gold prices slipped on October 31 due to a stronger dollar. The dip was partly fuelled by uncertainty over further Federal Reserve rate cuts. Spot gold was down 0.5% at $4,004 per ounce, but bullion was still headed for its third straight monthly gain, which stood at 3.9% so far in October.

Corporate Earnings

Many companies announced their quarterly results today. Cipla reported a 3.7% rise in consolidated net profit to Rs. 1,353.37 crore for the second quarter. However, the company also announced that its Managing Director & Global CEO, Umang Vohra, will not seek re-appointment after his term ends on March 31, 2026.

Welspun Corp posted strong results with a 53 % leap in profit at Rs. 439.7 crore and 32.5% growth in revenue at Rs. 4,373.6 crore. Gillette India reported modest growth, with an 8% increase in profit at Rs. 143.7 crore.

In stark contrast, Bandhan Bank struggled with the biggest decline of nearly 6% in its share price in a year. The bank said its profit slumped 88% to Rs. 111.9 crore, while gross NPA rose to 5.02 %. Manappuram Finance also disappointed investors with a 62% fall in profit at Rs. 217.3 crore.

Corporate Developments

Larsen & Toubro announced a strategic partnership with General Atomics Aeronautical Systems. The companies partnered to manufacture Medium Altitude Long Endurance aircraft systems in India for the armed forces. The stock rose 0.81% to Rs. 4,020.

Reliance Industries partnered with Google to offer a free Gemini AI Pro plan to eligible Jio users for 18 months, valued at Rs. 35,100. TCS got in a five-year deal with Tata Motors to help accelerate its sustainability journey through its AI-driven platform.

Apple posted a record revenue in India, powered by strong demand for the iPhone 17, and CEO Tim Cook said he was optimistic that the momentum would continue.

Also Read: Stock Market Today: Sensex Slips 375 Points, Pharma Index Falls 1.3%; Dr. Reddy’s Tumbles 4.2%

Investor Outlook

Stock market today saw cautious trading as investors weigh corporate earnings and global economic uncertainties. While DIIs continued to support Indian stock market against FII selling, mixed earnings results kept traders on edge. Attention will shift to the forthcoming quarterly results and macroeconomic indicators for cues in the upcoming sessions.

FAQs

1. Why is Indian stock market down today?  

Indian stock market today was down on weak global cues, profit booking, and mixed corporate earnings released for Q2. Investors sentiment is cautious ahead of macroeconomic data releases and US Federal Reserve rate cuts.

2. Which sectors performed the worst in stock market today?  

Both the Banking and IT sectors experienced the most selling pressure today. The Nifty Bank index was down 0.20%, while Nifty IT was down 0.12%. The broad markets also followed a similar pattern of trading, with small-cap performance lagging.

3. What were the biggest gainers and losers on Nifty 50?  

Eicher Motors was the biggest gainer, up 2.36%, followed by ITC and State Bank of India. On the other end, NTPC was down 2.33%, Max Healthcare was down 2.21%, and Cipla lost almost 2%.

4. How did Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) influence the direction of the market?  

FIIs sold equities worth Rs. 3,077.59 crore, while DIIs were purchasers to the tune of Rs. 2,469.34 crore. The action of DIIs did establish a cushion from the fall of the market, but it did not completely neutralize the sell inclination from FIIs.

5. What is the outlook for the Indian stock market for next week?  

Analysts expect volatility to remain an absolute given as investors digest the global economic picture along with data on inflation and upcoming updates on earnings seasons. The direction of the market can be determined from foreign inflows of equity capital into the Indian market along with cues from the Reserve Bank of India (RBI) on monetary policy.