Benchmark BSE Sensex declined by 150 points in a volatile session on Tuesday (October 28, 2025) due to profit-taking in IT, consumer durables and realty shares and weak trends in Asian markets.
In a see-saw trade, the 30-share BSE Sensex closed lower by 150.68 points or 0.18% at 84,628.16. The index opened strong but erased gains in the late morning as investors took profits.
The barometer tanked nearly 560 points to hit a low of 84,219.39 during the day, but buying support at lower levels helped it recover some losses in the final half hour of trade.
The 50-share NSE Nifty dipped 29.85 points or 0.11% to 25,936.20.
Among Sensex firms, Trent, ICICI Bank, Tech Mahindra, Bajaj Finserv, Mahindra & Mahindra, Power Grid, Tata Consultancy Services and Bajaj Finance were the major laggards.
However, Tata Steel, Larsen & Toubro, State Bank of India, Kotak Mahindra Bank were among the major gainers.
“The domestic market remained volatile in negative terrain and ended flat, weighed down by profit booking on monthly expiry and weak global cues,” Vinod Nair, Head of Research, Geojit Investments Limited said.
“Despite this, the metals sector gained on renewed optimism following China’s announcement to curb steel overcapacity and potential progress over U.S.- China Trade relations, while PSU banks outperformed amid reports of a potential increase in FII holding limits,” Mr. Nair added.
The BSE midcap gauge went up by 0.12% and smallcap index edged higher by 0.06%.
Realty dropped 1%, utilities (0.82%), BSE Focused IT (0.72%), consumer durables (0.64%) and IT (0.60%).
Metal jumped 1.30%, commodities climbed 0.55%, industrials (0.21%), bankex (0.06%) and financial services (0.03%).
“The Nifty-50 traded within a narrow 25,800–26,000 range for most of the day, reflecting cautious sentiment ahead of key global events such as the U.S. Federal Reserve’s policy outcome,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.
“Market sentiment remained cautious ahead of key global central bank meetings and major U.S. tech earnings announcements. Additionally, muted activity by foreign institutional investors in the cash segment weighed on sentiment, though steady domestic inflows and a largely positive earnings season so far helped maintain an overall constructive tone,” Ajit Mishra – SVP, Research, Religare Broking Ltd., said.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled lower.
Markets in Europe were trading on a mixed note. U.S. markets ended in the positive territory on Monday (October 27).
Foreign Institutional Investors (FIIs) offloaded equities worth ₹55.58 crore on Monday (October 27), according to exchange data. Domestic Institutional Investors (DIIs) however, bought stocks worth ₹2,492.12 crore in the previous trade.
Global oil benchmark Brent crude declined 1.78% to $64.42 a barrel.
On Monday (October 27), the 30-share BSE Sensex jumped 566.96 points or 0.67% to settle at 84,778.84. The Nifty climbed 170.90 points or 0.66% to 25,966.05.
Published – October 28, 2025 05:44 pm IST
