On Tuesday, October 28, Indian equity benchmark indices ended marginally down, dragged by ICICI Bank and Mahindra & Mahindra. The indices were weighed down by losses in financials and IT stocks.
At the close, the Nifty 50 declined by 29.85 points, or 0.11%, to settle at 25,936.20, while the Sensex slipped 150.69 points, or 0.18%, ending at 84,628.16. Meanwhile, India’s volatility index, India VIX, remained steady, ending up by 0.8%.
The 50-stock index has gained about 3.3% over the past nine sessions, rising in seven of them, and now sits roughly 1.3% below its record high from September 2024.
On the sectoral front, 4 out of 11 sectors closed in positive territory. The Nifty Metal index jumped 1.23% to lead sectoral gains after US and Chinese officials finalised a trade framework for Presidents Donald Trump and Xi Jinping to consider later this week.
Meanwhile, broader markets mostly remained flat, with both Nifty Midcap and Smallcap ended on a mixed note.
Among individual stocks,
The Nifty Metal index climbed 1.23%, recording a new all-time high. Following metals, Nifty PSU Banks also gained 1.22% emerging as the 2nd gainer among sectoral indices. In contrast, the Nifty Realty index declined 1.05% snapping a 3-day winning streak, with Brigade Enterprises falling more than 2%.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices closed nearly flat. The Mid-cap 100 index declined by 0.02% and the Small-cap 100 ended up by 0.02%.
As of October 28, 2025, the market breadth was in favour of declining stocks. Out of 3,237 stocks traded on the NSE, 1,385 advanced, 1,730 declined, and 122 remained unchanged.
A total of 77 stocks touched their 52-week highs, while 54 hit their 52-week lows. Additionally, 64 stocks were locked in their upper circuits, whereas 56 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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