On 24 October 2025, the Indian stock market saw a notable pullback with the BSE Sensex falling by 344 points and the Nifty dropping below the 25,800 level, ending a six-day winning streak.
The market decline was largely driven by investors locking in profits after benchmarks hovered near record highs, reflecting cautious retail investor sentiment.
Sentiment was weighed down by worries around US-China trade tensions, which impacted market confidence and led to profit-taking.
Foreign Institutional Investors (FIIs) were significant sellers, with heavy selling activity noted, which dampened market momentum despite some retail buying.
Overall, the market showed signs of vulnerability due to unresolved external issues, despite a backdrop of optimism from easing global trade tensions and expectations for corporate earnings recovery.
Key Indices
NIFTY 50
25,795
-0.37%
SENSEX
84,211.88
-0.41%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
84,211.88
-0.41%
3.76%
6.06%
Nifty Next 50
69,356
-0.11%
0.80%
-2.08%
Nifty Smallcap 250
17,219
-0.15%
0.33%
-0.77%
Nifty Midcap 100
59,231
-0.24%
2.26%
5.11%
Nifty 50
25,795
-0.37%
2.95%
5.72%
Sector Highlights
Metal
+1.03%
Metal stocks gained, with select companies like NALCO and Hindalco rising up to 4.5%; the rally was driven by a combination of improved demand outlook, global commodity price uptick, and positive sector rotation amid broader market profit booking, with sector analysts citing four specific reasons for the upmove, though details aren't further specified in the available updates.
Realty
+0.18%
Realty sector edged up modestly, likely supported by selective buying interest in mid- and small-cap stocks and a general optimism around housing demand, though no major sector-specific news or policy development was highlighted in the available coverage for the day.
CPSE
+0.13%
CPSE (Central Public Sector Enterprises) index saw a marginal gain, possibly reflecting stable sentiment in government-owned companies amid ongoing divestment initiatives and positive budget expectations, though no major breaking news or policy change was cited for this sector specifically on this date.
PSU Bank
-0.74%
PSU (Public Sector Undertaking) Bank stocks underperformed the broader market, in line with the general trend in banking stocks; the Bank Nifty index also saw profit booking and traded below key levels, with large private banks leading losses, while no major sector-specific news or policy development was reported for PSU Banks on this date.
FMCG
-0.75%
FMCG (Fast Moving Consumer Goods) stocks were under pressure, underperforming the broader market; this may reflect profit booking after recent gains, concerns over rural demand recovery, and a possible rotation of funds into cyclical sectors, though no specific company or macro news was highlighted for the sector on this day.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
Metal
+1.03%
-0.44%
+10.18%
+78.17%
Realty
+0.18%
+0.69%
-5.81%
+120.06%
CPSE
+0.13%
+0.58%
+0.36%
+144.40%
PSU Bank
-0.74%
+2.43%
+23.97%
+140.64%
FMCG
-0.75%
+1.64%
-5.53%
+28.24%
Movers of the Day
Top Nifty Gainers
Hindalco
4.04%
Hindalco rose sharply as global aluminium prices surged past $2,800 per tonne due to tight supply, directly boosting the company's revenue outlook.
Bharti Airtel
1.07%
No significant updates available for this stock.
ONGC
1.05%
No significant updates available for this stock.
ICICI Bank
1.03%
ICICI Bank gained following better-than-expected quarterly earnings and broader optimism in the banking sector, supported by the RBI's accommodative policy stance.
Shriram Finance
0.82%
No significant updates available for this stock.
Top Nifty Losers
Cipla
-3.69%
Cipla fell significantly due to heavy profit-booking from investors after its recent rally, which was triggered by a strategic agreement with Eli Lilly for a weight-loss drug.
HUL
-3.27%
HUL declined as risk aversion from renewed US-China trade tensions weighed on consumer-facing stocks, and its moderate profit growth may have underwhelmed market expectations.
Max Healthcare
-2.22%
No significant updates available for this stock.
UltraTechCement
-2.17%
No significant updates available for this stock.
Adani Ports
-2.01%
Adani Ports weakened as concerns over global trade disputes directly impact the port and logistics sector, leading to investor caution.
Stock Spotlight Of The Day
Hindalco Industries
Market Cap
1,85,182 Cr
Current Price
₹824
Stock P/E
10.7
Dividend Yield
0.61%
ROCE
14.8%
ROE
14.0%
Shareholding Changes (Impact Factors)
FIIs
QoQ
0.53%
YoY
-0.45%
Stable foreign holding
DIIs
QoQ
-0.82%
YoY
-0.06%
Stable domestic holding
Promoters
QoQ
0%
YoY
0%
No change in promoter holding
Quarterly Summary (Absolute)
Sales
QoQ
Flat trend
-1.01%
YoY
Solid pickup
12.66%
Expenses
QoQ
Slight uptick
0.49%
YoY
Costs rising
13.77%
Operating Profit
QoQ
Stress
-10.53%
YoY
Mild gains
5.37%
Net Profit
QoQ
Collapsed
-24.22%
YoY
Strong earnings
30.25%
Profit & Loss (Compounded)
Sales Growth
10 Years
9%
5 Years
15%
3 Years
7%
TTM
12%
Profit Growth
10 Years
28%
5 Years
33%
3 Years
6%
TTM
58%
Stock Price CAGR
10 Years
26%
5 Years
35%
3 Years
27%
1 Year
19%
Return on Equity
10 Years
10%
5 Years
12%
3 Years
12%
Last Year
14%
Fundamentals Corner
This company showcases a strong long-term history of robust profit growth and improving return on equity, yet currently trades at an attractive P/E ratio of 10.7.
However, investors should note the recent quarterly performance, which reveals significant margin pressure and a sharp sequential decline in profits, warranting a closer look to see if this is a temporary dip or a new trend.
News TidBits
Hindalco Industries emerged as the top gainer on the Nifty, driven by a significant rally in global aluminium prices.
The surge in the commodity's price past $2,800 per tonne was caused by global supply constraints, which directly benefits the company's profitability and export revenues.
This strong performance showcased how commodity-linked stocks can remain resilient and even thrive despite broader market weakness caused by macroeconomic concerns like trade tensions.
The positive momentum is expected to persist in the short to medium term, as the outlook for aluminium prices remains bullish.
The company's rally had a positive spillover effect, boosting sentiment across the entire metals sector.
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Inside The Fund
Motilal Oswal ELSS Tax Saver Fund
Fund Size: ₹ 4376.9 Cr
NAV: ₹ 60.8035 (as on 23rd October, 2025)
1 Year
0.37%
Category: 3.60%
2 Year
30.12%
Category: 20.04%
3 Year
27.16%
Category: 18.99%
5 Year
26.91%
Category: 23.03%
10 Year
18.20%
Category: 15.01%
Stocks Added
Stock
Sector
1M Change
Piramal Finance Ltd.
Non banking financial company (nbfc)
3.29%
Stocks Removed
Stock
Sector
1M Change
Piramal Enterprises Ltd.
Other financial services
-3.39%
Kalyan Jewellers India Ltd.
Gems, jewellery and watches
-2.17%
Top 10 Holdings
Stock
Holding %
1M Change
Eternal Ltd.
6.67%
0.00%
Kaynes Technology India Private Ltd.
4.67%
0.47%
Multi Commodity Exchange Of India Ltd.
4.62%
0.08%
Amber Enterprises India Ltd.
4.44%
0.31%
Waaree Energies Ltd.
4.44%
0.28%
Muthoot Finance Pvt. Ltd.
3.84%
0.88%
Prestige Estates Projects Ltd.
3.72%
-0.63%
Gujarat Fluorochemicals Ltd.
3.64%
0.17%
PTC Industries Ltd.
3.56%
0.23%
Bharat Dynamics Ltd.
3.49%
0.01%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (2)
Piramal Finance Ltd.
2 funds
Kotak Multicap Fund - Direct Plan - Growth
0.91%
Mahindra Manulife Multi Cap Fund - Direct Plan - Growth
1.40%
Mahindra & Mahindra Ltd.
2 funds
ICICI Prudential Multicap Fund - Direct Plan - Growth
0.42%
Mahindra Manulife Multi Cap Fund - Direct Plan - Growth
1.50%
Top Removed (5)
Avenue Supermarts Ltd.
2 funds
Nippon India Multicap Fund - Direct Plan - Growth
-0.07%
Mirae Asset Multicap Fund - Direct Plan - Growth
-0.26%
Piramal Enterprises Ltd.
2 funds
Kotak Multicap Fund - Direct Plan - Growth
-0.96%
Mahindra Manulife Multi Cap Fund - Direct Plan - Growth
-1.41%
Gujarat State Petronet Ltd.
2 funds
Kotak Multicap Fund - Direct Plan - Growth
-0.14%
ICICI Prudential Multicap Fund - Direct Plan - Growth
-0.39%
Federal Bank Ltd.
2 funds
ICICI Prudential Multicap Fund - Direct Plan - Growth
-0.87%
Mahindra Manulife Multi Cap Fund - Direct Plan - Growth
-0.10%
Container Corporation Of India Ltd.
2 funds
ICICI Prudential Multicap Fund - Direct Plan - Growth
-0.67%
Quant Multi Cap Fund - Direct Plan - Growth
-2.50%
Top News Developments
Market Snaps Six-Day Rally on Global Trade Jitters
Indian indices fell after a six-day winning streak, with the Sensex dropping over 340 points due to renewed US-China trade tensions.
The pullback was driven by profit-taking at higher levels, with FIIs turning net sellers, reflecting heightened global risk aversion.
Sectors with high global exposure like Banking, Consumer goods, and Ports bore the brunt of the sell-off.
This event underscores the market's sensitivity to international macroeconomic news, even when domestic fundamentals appear stable.
Metals Sector Shines as Aluminium Prices Surge
The metals sector, led by Hindalco, defied the broader market downturn thanks to a sharp increase in global aluminium prices beyond $2,800 per tonne.
This price rally is fueled by international supply constraints, creating a highly favorable environment for Indian producers with export capabilities.
This divergence highlights how commodity cycles can create sector-specific opportunities that are insulated from general market sentiment.
The strong performance is expected to boost earnings for metal companies and could lead to a positive outlook for the sector in the coming quarters.
Domestic Policy Drives Defence Sector Gains
While global news dominated headlines, domestic policy created a pocket of strength in the defence sector.
Stocks like Bharat Dynamics gained after the Defence Acquisition Council (DAC) approved procurement proposals worth a substantial ₹79,000 crore.
This development showcases how government capital expenditure and 'Make in India' initiatives can act as powerful, independent drivers for specific sectors.
For retail investors, this serves as a reminder to track domestic policy announcements as they can create significant investment opportunities irrespective of global market trends.
Profit-Booking Hits Pharma While IT Seen as Contrarian Bet
Cipla's sharp fall illustrates a classic 'sell on news' event, where investors booked profits after a rally spurred by its weight-loss drug deal.
This indicates that even positive corporate news can lead to short-term price corrections if market expectations were already high.
In contrast, analysts are highlighting the underperforming IT sector as a potential contrarian opportunity, citing attractive valuations and strong cash flows.
This sectoral rotation shows investors are actively seeking value, shifting from stocks that have already run up to those that may be poised for a recovery.
FII / DII Snapshot
Yesterday
FII Net: ₹-1165.94 cr
DII Net: ₹3893.73 cr
September 2025
FII Net: ₹-35301.36 cr
DII Net: ₹65343.59 cr
Daily Flows
Date
FII Net
DII Net
23-Oct-2025
₹-1165.94 cr
₹3893.73 cr
21-Oct-2025
₹96.72 cr
₹-607.01 cr
20-Oct-2025
₹790.45 cr
₹2485.46 cr
17-Oct-2025
₹308.98 cr
₹1526.61 cr
16-Oct-2025
₹997.29 cr
₹4076.20 cr
Monthly Flows
Month
FII Net
DII Net
September 2025
₹-35301.36 cr
₹65343.59 cr
August 2025
₹-46902.92 cr
₹94828.55 cr
July 2025
₹-47666.68 cr
₹60939.16 cr
June 2025
₹7488.98 cr
₹72673.91 cr
May 2025
₹11773.25 cr
₹67642.34 cr
April 2025
₹2735.02 cr
₹28228.45 cr
• Foreign Institutional Investors (FIIs) turned net sellers, offloading equities worth ₹1,165.94 crore, extending their selling streak observed over the past three months and reflecting caution amid global trade uncertainties.
• Domestic Institutional Investors (DIIs) acted as a powerful counterbalance, with robust net purchases of ₹3,893.73 crore, providing crucial support to the market and absorbing the foreign outflows.
• This continued divergence, where DIIs consistently buy what FIIs sell, suggests that domestic confidence in India's long-term growth story remains strong, even as foreign investors react to short-term global macroeconomic pressures.
IPO Watchlist
Upcoming IPOs
FMCG firm Orkla India is set to launch its ₹1,667.54 crore IPO on October 29, with a price band fixed at ₹695-₹730 per share.
Investor interest in upcoming issues remains high, highlighted by billionaire Radhakishan Damani's pre-IPO investment of ₹90 crore in eyewear retailer Lenskart.
The market is also closely watching for the anticipated public offering of Jio Platforms, with analysts projecting a potential valuation of $148 billion by 2027, which could make it one of India's largest IPOs.
Orkla India
1667.54
Date:29 Oct - 31 Oct
List:6 Nov
Subscription: -
GMP: 19.18%
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Ongoing US-China trade tensions continued to create uncertainty in global markets, negatively affecting investor sentiment worldwide, including in India.
Global markets exhibited cautious behavior as investors awaited clarity on trade negotiations and potential policy interventions.
US and European equity markets showed mixed performances, with profit-taking prevalent after recent rallies driven by optimism over economic recovery.
Commodity prices experienced volatility amid geopolitical concerns and fluctuating demand forecasts influenced by international trade dynamics.
Currency markets saw fluctuations with the US dollar strengthening against several Asian currencies, impacting capital flows to emerging markets like India.
Emerging Opportunities
Despite the market correction, sectors tied to domestic consumption and infrastructure development hold promise for medium- to long-term growth due to ongoing government initiatives.
Pharmaceutical companies engaged in innovative drug development and specialty treatments are emerging as attractive investment prospects following recent positive news flow.
Renewable energy and green technologies are gaining investor interest driven by policy support and global environmental priorities.
Select metal and commodity producers are positioned to benefit from cyclical upswings and strategic demand shifts, offering contrarian investment opportunities.
Technology and engineering firms focused on advanced manufacturing and export-oriented services present growth potential amid improving global trade conditions.
Policy & Regulations
Market regulator SEBI is facing criticism for significant delays in the IPO approval process, which is creating funding uncertainty for companies planning to go public.
The Indian government has intensified its crackdown on the digital asset space by targeting 25 cryptocurrency exchanges, signaling a stricter regulatory environment for crypto investors.
SEBI's recent reclassification of Real Estate Investment Trusts (REITs) to an 'equity' instrument is expected to improve liquidity and attract more retail participation in the real estate sector.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$111032
$2.21T
1.79%
-11.96%
Ethereum (ETH)
$3949.46
$476.56B
2.50%
-20.18%
Tether (USDT)
$1
$182.59B
0.01%
-24.39%
BNB (BNB)
$1124.63
$156.55B
2.96%
-17.91%
XRP (XRP)
$2.46
$147.81B
3.29%
-32.48%
The global cryptocurrency market experienced a positive upswing, with major tokens like Bitcoin and Ethereum posting gains amid constructive developments like the 'Crypto Week' in the U.S. Congress.
This bullish global sentiment contrasts sharply with the domestic regulatory environment, where the Indian government has initiated a crackdown on 25 cryptocurrency exchanges.
For Indian investors, this creates a complex scenario where global price appreciation is offset by rising local regulatory risks, potentially impacting trading volumes and platform accessibility.
Inside The Fund
