Stock Market Today: Sensex at 84,121, Nifty at 25,769 as IT Falls and Gold Hits $4,300

Overview:

• Sensex rose 653 points to 84,121.19, while Nifty was 183 points up at 25,769.10 on the back of the consumer and auto space.

• IT shares fell on the back of poor earnings, while consumer durables rose 2% due to softer crude prices, boosting the likes of Asian Paints and Berger Paints.

• Global gold prices surged to a new all-time high of over $4,300 an ounce, their best week since March 2020.

Indian stock market today, on October 17, 2025, saw positive momentum with benchmark indices trading in the green. Sensex rose by 653.53 points or 0.78% to 84,121.19, while the Nifty 50 rose by 183.80 points or 0.72% to 25,769.10. The broader market saw mixed trends with BSE Smallcap index falling marginally by 0.07%, while midcap stocks were mostly flat.

Market breadth on the NSE also saw a positive tilt with 1,229 stocks advancing and 1,461 declining. Foreign Institutional Investors (FII) continued their sprees, infusing Rs. 997.29 crore in the cash segment, while Domestic Institutional Investors (DII) reflected strong buying with net purchases of Rs. 4,076.20 crore on October 16. Let’s explore how the stock market today performed in detail based on Moneycontrol Live Updates.

Sectoral Performance Shows Clear Divide

The market today showed clear sectoral trends, with the technology stocks suffering the most from selling pressure. Nifty IT index plunged 1%, pulling down key IT behemoths. On the other hand, Consumer Durables index jumped almost 2%, FMCG index rose 1% and the auto index rose 0.5%. PSU Bank index fell 0.5%, showing concerns in the banking space. Nifty Bank managed to record slight gains of 0.65% to 57,798.60, showing strength in the face of confusing signals from financial stocks.

Top Gainers and Losers on Nifty 50

Asian Paints was the biggest gainer, rallying 4.64% to Rs. 2,521.50. The rally of the paint company was led by declining crude oil prices, which should reduce raw material costs. Brent crude remained around $61 a barrel, set to drop 3% this week, bringing relief to paint companies.

Kansai Nerolac was up 4%, while Berger Paints increased by 2% on similar hope. Bharti Airtel rose 2.55% to Rs. 2,017.60, and Apollo Hospital surged 2.21% to Rs. 8,007. Mahindra & Mahindra soared 1.88% to Rs. 3,627.80, and Max Healthcare gained 1.75% to Rs. 1,195.90.

On the downside, Wipro plummeted 4.34% to Rs. 242.79, leading as the day's top Nifty 50 loser. The IT services giant posted muted revenue expansion in its Q2 results with prudent guidance, fueling investors' fears. The company's consolidated bottom line increased merely 1.2% to Rs. 3,246.2 crore, while IT services EBIT margin fell to 16.7% from 16.81% year on year.

MphasiS dipped 2.42% to Rs. 2,716.20, and Infosys shares declined 1.83% to Rs. 1,444.50 even after recording a robust 13.2% rise in Q2 profit to Rs. 7,364 crore. Power Finance fell 1.58%, and PB Fintech dipped 1.53%.

Also Read: Stock Market Today: Sensex at 83,021, Nifty Rises 130 Points as Axis Bank, Titan, Adani Ports Shine

Stock Market News: Key Corporate Developments

Share market news was dominated by some key company announcements that moved trading activity. According to a Moneycontrol report, Capital market stocks improved following an announcement by SEBI to enhance its algorithmic and high-frequency trading infrastructure.

Biocon Biologics, broadened its collaboration with Civica to introduce private-label insulin Glargine in the US, as reported by scanx.trade. However, Biocon shares decreased 0.71% to Rs. 355.55. CNBC TV18 reported that Metro Brands posted a 3.9% fall in Q2 profit to Rs. 69 crore, although revenue increased 11.2% to Rs. 651.1 crore. The stock declined 1.97% to Rs. 1,187.25.

PNB Gilts also came under massive selling pressure, dropping 6.47% to Rs. 91.34. The price dip came after posting losses of Rs. 45.35 crore in Q2 from a profit of Rs. 114.7 crore year-on-year, as reported by Business Standard.

Most Active Stocks

In the F&O segment, the stock market today witnessed heavy trading in specific counters. Eternal topped the most active list with traded value of Rs. 1,632.50 crore, although the stock fell 2.14% to Rs. 340.40. Reliance Industries rose 1.21% to Rs. 1,415.20 with Rs. 880.18 crore worth of trading, whereas HDFC Bank advanced 1.06% to Rs. 1,004.85 with Rs. 973.89 crore worth of trading.

L&T and L&T Technology Services collectively acquired an 8.85% interest in IRB InvIT Fund. L&T Technology bought 72.37 lakh units at Rs. 43.71 crore, and Larsen & Toubro bought 4.41 crore units at Rs. 266.19 crore.

Gold Rallies to Record Highs

Gold recorded an all-time high above $4,300 per ounce on October 17 and was on the path to its best five-year week. Spot gold rose 0.3% to $4,336.18 per ounce after reaching a new record of $4,378.69. Bullion has risen about 8% this week, its strongest week in five years since March 2020. It was fueled by weakness in regional US banks, international trade tensions, and expectations of further rate cuts.

Also Read: Zomato Parent Eternal Q2 Results: Revenue Hits Rs. 13,590 Cr Despite Profit Dip

Market Outlook

The Indian stock market showed resilience with benchmark indices recording gains in spite of weakness in the technology sector. Support was provided by strong domestic institutional demand and positive movement in commodity prices of oil and gold. But mixed corporate results and conservative IT sector guidance indicate that investors need to be cautious and selective in approach from here on.

FAQs

1. Why did the Indian stock market rise today?

The market benefited from robust buying in auto stocks, FMCG, and consumer durables. Declining crude oil prices lowered the costs of inputs, which improved the investor sentiment. Institutional investment by FIIs and DIIs also buoyed the rally.

2. Which sectors were the biggest gainers in the stock market today?

The FMCG and consumer durables segments outperformed, going up by almost 2% and 1% each. Auto stocks also registered moderate gains, whereas the technology and PSU banking segments witnessed mild pressure.

3. Why did IT stocks such as Wipro and Infosys dip today?

Wipro's disappointing Q2 guidance and revenue growth slowdown resulted in a 4.34% decline. Infosys' higher profits could not dispel investor fear as the outlook was uncertain amid volatile IT industry demand abroad.

4. What were gold prices up this week?

Gold prices rose to over $4,300 an ounce on mounting expectations of deeper rate cuts amid global trade tensions and soft US banking data. Investors sought safe havens in gold.

5. What should investors be looking for in the next week?
Investors need to keep an eye on Q2 company results, FII and DII behavior, and international commodity patterns. Volatility in financial and IT stocks can continue, but strong domestic demand can prop up markets overall.