Today’s Market Closing, 31 Oct: Nifty and Sensex Extended Losses for 2nd Consecutive Session, Snapped 4-Week Rally

At the close, the Nifty 50 fell 155.75 points, or 0.6%, to settle at 25,722.10, while the Sensex declined 465.75 points, or 0.55%, to end at 83,938.71. On weekly basis, the Nifty 50 slipped 0.28%, ending its four-week winning streak. In October, the index extended its September gains by 4.51%.

On the sectoral front, only one sector closed in positive territory. Heavyweight financial stocks dragged the market lower as the Nifty Financial Services index slipped 0.87%, one of the contributors to benchmark losses. 

Metal stocks also extended their decline, with the Nifty Metal index falling 1.09% for the second straight session after hitting a record high on Wednesday. 

In contrast, state-owned banks outperformed, with the Nifty PSU Bank index jumping by over 1.5% led by gains in Union Bank of India and Canara Bank following their quarterly results.

Broader markets also declined following benchmark indices, with both Nifty Midcap and Smallcap ended in negative territory.

Stock-Specific Highlights

Among individual stocks,

• NTPC share price closed down 2.38% as weak power demand hurts earnings.
• United Spirits share price jumped 2.64% after the spirits maker posted a 41% profit rise in the September quarter.
• Lodha Developers share price gained 2.26%, after the real estate developer reported a strong second-quarter profit and an acceleration in pre-sales from the ongoing December quarter.
• Navin Fluorine surged 14.28%, after the fluorochemicals company logged higher quarterly profit, driven by strength across its core business verticals.
• On the flipside, Bandhan Bank fell 8.22% after the lender posted an 88.1% drop in its second-quarter profit on increasing delinquency in the micro-finance portfolio.

Nifty PSU Bank - Top Gaining Sector

The Nifty PSU Bank index climbed 1.56%, hitting a fresh new 52-week high. In contrast, the Nifty Media index declined 1.32%.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Bharat Electronics Ltd: +12.73 points
• Larsen & Toubro Ltd: +10.37 points
• Tata Consultancy Services Ltd: +5.50 points

On the other hand, these stocks weighed on the index:

• HDFC Bank Ltd: -33.96 points
• ICICI Bank Ltd: -26.29 points
• Eternal Ltd: -17.23 points

Broader Markets Ended Negative

The broader market indices closed in negative territory. The Mid-cap 100 index declined by 0.45% and the Small-cap 100 ended down by 0.48%. 

Market Breadth

As of October 31, 2025, the market breadth was in favour of declining stocks. Out of 3,138 stocks traded on the NSE, 1,266 advanced, 1,806 declined, and 109 remained unchanged. 

A total of 73 stocks touched their 52-week highs, while 49 hit their 52-week lows. Additionally, 68 stocks were locked in their upper circuits, whereas 40 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.