The Indian stock market closed lower on October 31, 2025, with the Sensex slipping 466 points (0.55%) to 83,938.71 and Nifty falling 155.75 points (0.60%) to 25,722.10, reflecting broad-based selling pressure.
Retail investor sentiment was cautiously optimistic during the day, with mixed sector performances and a tentative technical rebound attempt after previous selling, while some domestic support continued amid foreign institutional investor (FII) outflows.
PSU banks outperformed, gaining about 1.5%, while sectors like power, metal, media, IT, private banks, and healthcare saw losses ranging from 0.4% to 1%.
Broader market indices like BSE Midcap and Smallcap declined slightly by around 0.4%-0.5%, signaling a selective risk-off stance among investors.
The market faced short-term volatility pressure as India VIX rose by around 5.6% during pre-market but showed slight cooling at close, reflecting cautiousness ahead of Q2 earnings releases and uncertain global cues.
Key Indices
NIFTY 50
25,722
-0.60%
SENSEX
83,955.14
-0.53%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
83,955.14
-0.53%
3.67%
6.57%
Nifty Next 50
69,825
-0.37%
2.92%
-0.12%
Nifty Midcap 100
59,826
-0.45%
5.83%
6.62%
Nifty Smallcap 250
17,314
-0.56%
3.72%
-2.46%
Nifty 50
25,722
-0.60%
4.51%
6.27%
Sector Highlights
PSU Bank
+1.56%
PSU banks outperformed the broader market, bucking the trend of sector-wide losses, as investors rotated into the sector amid profit-taking in other segments and continued optimism around government-backed financial institutions.
PSE
+0.11%
Public Sector Enterprises (PSE) edged up slightly, supported by selective buying in government-owned companies, likely reflecting ongoing investor interest in state-backed assets despite broader market weakness.
CPSE
+0.09%
Central Public Sector Enterprises (CPSE) saw a marginal gain, tracking the broader PSE trend, with muted movement likely due to stable government policy and limited fresh news impacting the sector today.
Metal
-1.09%
Metal stocks declined, pressured by a drop in global metal prices and weak demand outlook, which weighed on investor sentiment for the sector.
Media
-1.32%
Media sector fell, dragged down by broader market weakness and sector-specific profit-taking, with no major news or regulatory developments reported to drive the move.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
PSU Bank
+1.56%
+2.33%
+19.54%
+134.34%
PSE
+0.11%
+1.37%
-1.34%
+136.07%
CPSE
+0.09%
+0.04%
+0.54%
+136.65%
Metal
-1.09%
+4.76%
+14.84%
+82.37%
Media
-1.32%
+0.81%
-21.38%
-24.16%
Movers of the Day
Top Nifty Gainers
Bharat Elec
3.95%
Bharat Elec rose sharply following the announcement of strong second-quarter financial results, which included an 18% year-on-year profit growth and a 26% surge in revenue, bolstered by new defence orders.
Eicher Motors
1.71%
Eicher Motors gained amidst positive sentiment in the auto sector, which has seen pockets of strength despite mixed earnings reports from other manufacturers.
Shriram Finance
1.44%
No significant updates available for this stock.
Larsen
1.09%
Larsen advanced after its defence arm was reported to be partnering with a US firm to bid for a major Indian military drone program, signaling a significant business opportunity in the high-growth defence sector.
TCS
0.75%
No significant updates available for this stock.
Top Nifty Losers
Eternal
-3.52%
Eternal fell as part of a broader market sell-off, where investors engaged in widespread profit-booking after a sustained multi-week rally.
Max Healthcare
-2.61%
Max Healthcare declined likely due to profit-taking in the healthcare space, as investors cashed in on recent gains amidst cautious overall market sentiment.
Cipla
-2.52%
Cipla experienced a downturn in line with the broader market weakness and potential sector-specific profit-booking, as benchmark indices saw a significant one-day crash.
NTPC
-2.38%
NTPC corrected downwards as selling pressure mounted across large-cap stocks, contributing to the Nifty 50's fall below the key 25,750 level.
Grasim
-1.99%
Grasim faced selling pressure amid a risk-off environment where investors moved away from cyclical stocks due to concerns over global economic conditions and domestic market volatility.
Stock Spotlight Of The Day
Bharat Electronics
Market Cap
3,11,468 Cr
Current Price
₹426
Stock P/E
54.7
Dividend Yield
0.56%
ROCE
38.9%
ROE
29.2%
Shareholding Changes (Impact Factors)
FIIs
QoQ
-0.42%
YoY
0.87%
Stable foreign holding
DIIs
QoQ
0.28%
YoY
0.66%
Stable domestic holding
Promoters
QoQ
0%
YoY
0%
No change in promoter holding
Quarterly Summary (Absolute)
Sales
QoQ
Strong momentum
30.45%
YoY
Strong momentum
25.78%
Expenses
QoQ
High escalation
27.77%
YoY
High escalation
27.61%
Operating Profit
QoQ
Strong profit
37.48%
YoY
Strong profit
21.57%
Net Profit
QoQ
Strong earnings
32.82%
YoY
Healthy growth
17.75%
Profit & Loss (Compounded)
Sales Growth
10 Years
13%
5 Years
13%
3 Years
16%
TTM
17%
Profit Growth
10 Years
16%
5 Years
24%
3 Years
30%
TTM
25%
Stock Price CAGR
10 Years
27%
5 Years
71%
3 Years
58%
1 Year
50%
Return on Equity
10 Years
22%
5 Years
24%
3 Years
26%
Last Year
29%
Fundamentals Corner
This company demonstrates exceptional fundamental strength, characterized by accelerating sales, robust long-term profit growth, and a consistently high return on equity.
While its stellar performance justifies a premium valuation (P/E of 54.7), investors should note that the most recent annual profit growth has slightly moderated compared to its impressive 3-year average, suggesting the stock is priced for perfection.
News TidBits
Bharat Electronics emerged as a top market performer, driven by the announcement of a stellar second-quarter financial performance.
The company reported a robust 18% year-on-year growth in net profit, reaching ₹1,286 crore, which significantly boosted investor confidence.
Its revenue from operations also surged by an impressive 26%, indicating strong execution and demand for its products.
The positive results were further supported by the company securing new defence orders worth ₹732 crore, strengthening its future revenue visibility.
This strong earnings report and order book update positions Bharat Electronics favorably within the defence sector, which continues to benefit from government initiatives.
Stacks on Stacks: Tip Time 🤑
Beware the 'disposition effect' in a volatile market; our brains are wired to sell winning stocks too soon to lock in small gains, while holding onto losing stocks too long in the hope they'll recover, which often leads to larger losses.
Inside The Fund
ICICI Prudential Large Cap Fund
Fund Size: ₹ 73034.52 Cr
NAV: ₹ 125.63 (as on 30th October, 2025)
1 Year
7.98%
Category: 6.58%
2 Year
21.88%
Category: 19.77%
3 Year
19.05%
Category: 16.53%
5 Year
22.92%
Category: 19.66%
10 Year
15.61%
Category: 13.86%
Stocks Added
Stock
Sector
1M Change
Reverse Repo
Other
2.74%
Top 10 Holdings
Stock
Holding %
1M Change
HDFC Bank Ltd.
9.84%
0.21%
ICICI Bank Ltd.
8.08%
-0.44%
Reliance Industries Ltd.
6.47%
-0.07%
Larsen & Toubro Ltd.
6.36%
0.10%
Bharti Airtel Ltd.
4.38%
-0.10%
Maruti Suzuki India Ltd.
4.37%
-0.13%
Axis Bank Ltd.
4.00%
0.29%
Ultratech Cement Ltd.
3.57%
-0.18%
Infosys Ltd.
3.56%
0.08%
Sun Pharmaceutical Industries Ltd.
2.57%
0.00%
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 Winning Streak Amid Heavy FII Selling
Benchmark indices fell sharply, ending a four-week rally due to aggressive profit-booking and sustained selling by Foreign Institutional Investors (FIIs).
Domestic Institutional Investors (DIIs) provided a strong counter-balance, absorbing a significant portion of the FII outflows and preventing a more severe market crash.
Despite the correction, many strategists view this dip as a healthy buying opportunity, especially as strong Q2 earnings from large-cap companies provide a solid fundamental cushion.
This tug-of-war between FII sellers and DII buyers highlights a divergence in sentiment, creating significant volatility for retail investors in the short term.
Q2 Earnings Paint a Mixed Picture with Sector-Specific Stars
The ongoing Q2 earnings season is exceeding expectations for many large-cap firms, particularly in the banking, defence, and cement sectors.
Companies like Bharat Electronics and ACC reported multi-fold profit growth, showcasing strong operational efficiency and demand in their respective industries.
Conversely, some firms like Swiggy reported widening losses despite revenue growth, highlighting profitability challenges in the quick-commerce space.
This mixed performance encourages a stock-specific approach, where investors should focus on companies with strong earnings momentum rather than relying on broad market trends.
Jio and Google Forge Major AI Partnership to Boost Digital India
Reliance Jio and Google's collaboration to build India's AI infrastructure and offer free Gemini Pro access to young users is a landmark deal for the digital ecosystem.
This move is set to accelerate digital adoption and strengthen Reliance's dominance in the telecom and digital services market, potentially boosting its long-term growth prospects.
The partnership directly impacts the telecom sector by aiming to increase average revenue per user (ARPU) over time and creating a competitive moat against rivals.
For investors, this development reinforces the long-term investment theme of India's digital transformation, benefiting companies integrated into this expanding ecosystem.
IPO Frenzy Continues, But Valuations Raise Red Flags
The primary market remains buoyant with strong investor demand for ongoing IPOs like Lenskart, Studds Accessories, and Orkla India, as seen in their high subscription rates.
Lenskart's IPO, despite a strong anchor book, has attracted analyst warnings over its high valuation and reliance on one-time gains for profitability.
This situation highlights a crucial lesson for retail investors: high Grey Market Premium (GMP) and subscription figures do not guarantee long-term returns.
Investors are advised to look beyond the market hype and conduct thorough fundamental analysis of a company's business model and financials before subscribing to any IPO.
FII / DII Snapshot
Yesterday
FII Net: ₹-3077.59 cr
DII Net: ₹2469.34 cr
September 2025
FII Net: ₹-35301.36 cr
DII Net: ₹65343.59 cr
Daily Flows
Date
FII Net
DII Net
30-Oct-2025
₹-3077.59 cr
₹2469.34 cr
29-Oct-2025
₹-2540.16 cr
₹5692.81 cr
28-Oct-2025
₹10339.80 cr
₹1081.55 cr
27-Oct-2025
₹-55.58 cr
₹2492.12 cr
24-Oct-2025
₹621.51 cr
₹173.13 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) have intensified their selling pressure, offloading over ₹3,077 crore in a single session, marking a continuation of their recent bearish stance.
• This persistent outflow from FIIs is a primary driver behind the current market correction and the Sensex and Nifty snapping their four-week winning streak, creating significant headwinds for liquidity.
• In a contrasting move, Domestic Institutional Investors (DIIs) have been acting as a crucial buffer, consistently buying Indian equities with a net purchase of ₹2,469 crore, thereby absorbing foreign sales and preventing a steeper market decline.
IPO Watchlist
Ongoing IPOs
The primary market is currently very active, led by the high-profile Lenskart Solutions IPO, which has garnered significant interest from institutional investors in its anchor book.
Despite the strong demand, analysts have raised concerns about Lenskart's high valuation and the fact that its recent profitability was boosted by a one-time accounting gain, advising retail investors to be cautious.
Other ongoing issues like Studds Accessories and Orkla India are also seeing very strong subscription figures, indicating robust retail and institutional appetite for new listings in the current market.
Lenskart Solutions
7278.02
Date: 31 Oct - 4 Nov
List: 10 Nov
Subscription: 1.13x
GMP: 20.15%
Studds Accessories
455.49
Date: 30 Oct - 3 Nov
List: 7 Nov
Subscription: 5.01x
GMP: 10.77%
Orkla India T
1667.54
Date: 29 Oct - 31 Oct
List: 6 Nov
Subscription: 48.7x
GMP: 11.78%
Upcoming IPOs
The upcoming IPO for Groww is poised to enter the market next week, with a substantial issue size of over ₹6,600 crore.
Initial sentiment appears positive, as indicated by a Grey Market Premium (GMP) of around 13%, suggesting potential listing gains.
Investors should monitor subscription levels and institutional interest between November 4th and 7th to gauge the overall demand for this major fintech offering.
Groww
6632.30
Date:4 Nov - 7 Nov
List:12 Nov
Subscription: -
GMP: 13.00%
Cha-Ching Cheatsheet 💵
Apply Rakesh Jhunjhunwala's lesser-known wisdom of 'investing in the business, not the stock' by asking if you would be comfortable owning the entire company as a private business for a decade, a filter that cuts through short-term market noise.
Global markets showed mixed cues on October 31, 2025, with U.S. markets closing lower overnight, dampening immediate risk appetite for Indian equities.
Japan's Nikkei rallied strongly by 1.71%, providing some positive sentiment spillover to Asian markets and supporting early Indian market gains.
However, weakness in Chinese markets, including the Hang Seng and Shanghai Composite, kept regional investor sentiment cautious and restrained broader optimism.
The US Federal Reserve cut interest rates by 25 basis points to a band of 4.75–5%, but Fed Chair Powell's hawkish comments signaled a cautious stance on further cuts, which triggered global volatility and foreign outflows from emerging markets, including India.
FII net outflows continued with approximately ₹3,077.6 crore leaving Indian equities on October 30, while domestic institutional investors (DIIs) served as a buffer by purchasing around ₹2,469.3 crore, reflecting uneven global fund flows impacting the market.
Emerging Opportunities
Public sector banks emerged as a top investment opportunity due to their resilience and outperformance on October 31, 2025, supported by improving asset quality and strong government backing.
The upcoming Q2 earnings season, with key results from heavyweights like Maruti Suzuki, Vedanta, and BPCL, presents potential for select fundamentally strong companies to regain momentum.
Policy developments signaling stable regulatory environment and gradual easing in interest rate cycles could benefit sectors like finance, infrastructure, and manufacturing over the medium to long term.
Contrarian opportunities exist in IT and healthcare sectors, which faced recent selling pressure but maintain strong growth potential driven by innovation and export demand.
Midcap and smallcap stocks, despite recent dips, might offer promising entry points for investors looking at higher growth trajectories as domestic demand recovers and policy support intensifies.
Policy & Regulations
SEBI has confirmed it will introduce new risk management measures for the Futures & Options segment in a phased manner, reassuring traders that weekly expiries will not be halted abruptly.
In a significant move to enhance market efficiency, SEBI also extended the timeline for implementing the optional T+0 settlement cycle, giving market participants more time to adapt to the faster settlement process.
India's Financial Intelligence Unit (FIU-IND) has issued notices to 25 cryptocurrency exchanges, signaling a major regulatory crackdown that will likely increase compliance burdens and impact investor sentiment in the digital asset space.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$109543
$2.18T
-0.31%
-13.12%
Ethereum (ETH)
$3834.46
$462.80B
-1.36%
-22.57%
Tether (USDT)
$0.999954
$183.39B
-0.02%
-24.42%
XRP (XRP)
$2.49
$149.35B
-2.51%
-31.73%
BNB (BNB)
$1082.34
$149.09B
-3.04%
-21.00%
The cryptocurrency market is experiencing a period of weakness, with Bitcoin and Ethereum both seeing price declines, fueling concerns of a potential 'Halloween crypto crash' among traders.
Adding to the volatility, a massive options expiry event worth approximately $16 billion in Bitcoin and Ethereum contracts is creating significant short-term price pressure.
For Indian investors, the risk has been amplified by a major regulatory crackdown, as the Financial Intelligence Unit (FIU-IND) has issued notices to 25 crypto exchanges, signaling tighter government control and potential trading disruptions.
Inside The Fund
