Stock Market Today: Sensex Falls 370 Points, Nifty at 25,873 Amid IT Selloff

Overview:

• Sensex dropped 370 points and Nifty 92, with IT and bank stocks leading the fall in the face of investor cautiousness.

• Mazagon Dock, PNB Housing, and Indian Oil's robust quarterly numbers helped balance out widespread losses.

• BSE Smallcap index and PSU banks rallied on selective buying and news of increased foreign investment limits.

Indian stock market today showed bearish signals with benchmark indices posting losses. Profit-booking in IT and banking stocks dragged investor sentiment. Sensex tarded at 84,408.26, lower by 370.58 points or 0.44%, while Nifty 50 was at 25,873.60, down 92.45 points or 0.36%.

Nifty IT index fell 0.82%, leading the list of losers. Banking stocks also saw pressure, with Nifty Bank down by  0.38% to 57,892.45. However, smaller companies showed steady movements with BSE Smallcap index gaining 0.19% to 53,891.82. This hike reflected selective buying interest in mid and small-cap segments. Let’s see how different shares performed in the stock market today based on Moneycontrol Live Updates.

Top Gainers and Losers on Nifty 50

Metal and insurance companies were the biggest gainers in the stock market today. Tata Steel shares led the upward momentum by climbing 2.42% to Rs. 180.93. It was followed by SBI Life Insurance that soared 1.54% to Rs. 1,932.50. Eicher Motors gained 1.04% to Rs. 6,978, while Hindalco and JSW Steel gained 0.95% and 0.91% respectively.

On the other hand, financial service stocks led the pack of losers. Bajaj Finserv lost 1.60% to Rs. 2,135.40, whereas Bajaj Finance was down by 1.36% to Rs. 1,069.60. ICICI Bank dipped 1.31% to Rs. 1,359.50, and Titan Company decreased 1.31% to Rs. 3,690.80. Tech Mahindra also lost ground under selling pressure, losing 1.07%.

Also Read: Vedanta Share Price Up 2% to Rs. 500.40 on Debt Reduction Optimism

Corporate Earnings Highlights

Mazagon Dock Shipbuilders posted its Q2 consolidated profit surging 28.1% to Rs. 749.5 crore from Rs. 585.1 crore year-on-year. The revenue of the company was up 6.3% to Rs. 2,929.2 crores as reported by NDTV Profit. Its board declared an interim dividend of Rs. 6 per share.

CNBC TV18 reported PNB Housing Finance also reported stellar performance with Q2 standalone profit rising 32.8% to Rs. 626.5 crore from Rs. 471.7 crore during the corresponding quarter last year. Revenue was up 16.1% at Rs. 2,167.9 crore. However, the stock declined 0.63% to Rs. 922.15 despite the encouraging earnings.

According to Upstox, Indian Oil Corporation was back in the black with Rs. 7,817.6 crore profit. JK Tyre and Industries saw its Q2 consolidated profit jump 64% at Rs. 221.4 crore, while revenue grew 10.8% to Rs. 4,011.3 crore. Contrary to the general uptrend, Bata India's Q2 consolidated profit fell 73.3% to Rs. 13.9 crore. Its revenue also decreased 4.3% to Rs. 801.3 crore according to Business Today reports.

Telecom Sector Updates

Reliance Jio gained 32.5 lakh wireless subscribers in September, an increase from August's 19.5 lakh. Bharti Airtel gained 4.37 lakh subscribers, although its stock increased mildly by 0.09% to Rs. 2,083. Vodafone Idea, however, lost 7.44 lakh subscribers in September, resulting in its share plunging 2.30% to Rs. 9.76 even as trading volumes crossed over 45 crore shares.

Currency and Commodities

Indian rupee opened lower at 88.32 per dollar against the previous close of 88.24. Hence, it reflects persistent weakness in the domestic currency.

Gold prices regained some lost ground, breaking above the $4,000-per-ounce mark. Spot gold rose 0.7% to $4,009.39 per ounce after falling over 3% on October 27, 2025. The bounce came on the back of a soft dollar and hopes for additional Federal Reserve rate cuts.

FII and DII Activity

The Foreign Institutional Investors (FIIs) were net sellers on October 27, withdrawing Rs. 55.58 crore from the cash market. Domestic Institutional Investors (DIIs) came to the rescue by infusing Rs. 2,492.12 crore and cushioning the fall of the market.

Also Read: Stock Market Today: Sensex Jumps 622 Points, Nifty Nears 26,000 as Banks and Telecom Lead Rally

Market Outlook

The stock market today showed resilience, with small-cap stocks holding steady despite experiencing selling pressures in select sectors. Upbeat corporate earnings and ongoing DII support act as a cushion to offshore outflows. Investors need to look out for upcoming quarterly figures and international leads for further guidance.

FAQs

1. Why did Indian stock market dip today?

The market fell because of profit-selling in IT and banking stocks after recent advances. FII selling and weak global cues also led the Sensex and Nifty to close lower.

2. Which are the best and worst performing sectors today?

 IT and banking sectors were the hardest hit, while metal and insurance stocks such as Tata Steel and SBI Life were among the leaders. PSU banks and smallcaps were in good shape.

3. What impact did corporate profits have on the market today?

Strong results from Mazagon Dock, PNB Housing, and Indian Oil helped sentiment. Weak numbers from Bata India, however, dented consumer stocks and helped deliver a mixed performance overall.

4. What were the major developments in the telecom sector?

Reliance Jio picked up more than 32 lakh subscribers, while Airtel acquired 4.37 lakh. Vodafone Idea lost 7.44 lakh subscribers, resulting in its share price falling by 2.30% amidst heavy volumes of trading.

5. What is the outlook for the coming week in the market?

Analysts forecast consolidation as market participants watch for the next quarterly earnings, international interest rate signals, and foreign fund inflows. Robust DII buying could temper further decline in the short term.