The Indian equity market snapped a four‑day winning streak on 8 October 2025. Profit‑booking ahead of quarterly results, caution ahead of global inflation data and mixed global cues dampened sentiment despite strength in information‑technology (IT) and consumer‑durable stocks. The benchmark Sensex closed at 81 773.66, down 0.19 %, while the Nifty 50 settled at 25 033.90, down 0.30 %.
Top Indices at Close
| Index | Close | Change (pts) | % Change | Notes |
|---|---|---|---|---|
| Sensex | 81 773.66 | −153.09 | −0.19 % | Heavyweights like Tata Motors and ONGC dragged the index. |
| Nifty 50 | 25 033.90 | −74.65 | −0.30 % | Fell below 25 100 as profit‑booking hit banks and energy stocks. |
| Nifty Bank | 55 971.90 | −268.20 | −0.48 % | Banking index slumped as financials saw selling pressure. |
| BSE Mid‑Cap | – | −0.7 % | – | Broader mid‑cap index fell on profit‑taking. |
| BSE Small‑Cap | 52 997.97 | −192.33 | −0.36 % | Small‑caps also declined on weak breadth. |
| Nifty IT | 35 165.75 | +456.30 | +1.31 % | IT stocks rose after strong quarterly guidance from Titan and ahead of TCS results. |
Sectoral performance
| Sector/Index | Direction | Commentary |
|---|---|---|
| Information Technology | Positive (+1.31 %) | Nifty IT gained as investors bought large‑cap IT stocks ahead of TCS earnings; Titan, Infosys and TCS led gains. |
| Consumer Durables | Positive (marginal) | Sector ended in the green; Titan’s strong quarterly business growth boosted sentiment. |
| Other sectors (Realty, Telecom, Pharma, Oil & Gas, Media, PSU Bank, Auto) | Negative (–0.3 % to –2 %) | Most other sectoral indices closed lower as traders booked profits. |
| Banking | Negative (–0.61 %) | Nifty Bank fell as banks faced headwinds from profit‑taking. |
| Mid‑cap/Small‑cap | Negative | Both BSE Mid‑Cap (–0.7 %) and Small‑Cap (–0.36 %) indices declined amid weak market breadth. |
Key statistics
| Metric | Value/Observation | Source |
|---|---|---|
| High/Low (Nifty 50) | Intraday high ~25 177, low near 25 033; index ended at 25 033.90 down 0.3 %. | Business Today noted Nifty touched 25 176.90 in early trade; the closing level came near the day’s low. |
| High/Low (Sensex) | Opened around 82 034 and touched ~82 178 before slipping to close at 81 773.66. | Goodreturns reported Sensex opened at 82 034 and closed 195 points lower. |
| Market breadth | Negative; majority of stocks declined. Mid‑cap and small‑cap indices fell 0.4‑0.7 %. | Trade Brains noted broad‑based weakness across sectors; only IT and consumer durables advanced. |
| Foreign institutional investors (FII) | Net buyers ≈₹1,440 crore on 7 Oct (data for 8 Oct not yet available); FII inflows signalled global confidence. | Analytics Insight quoting Moneycontrol reported FII bought ₹1,440 crore. |
| Domestic institutional investors (DII) | Slightly net buyers (previous session) but details not widely reported. | – |
Top gainers and losers (Nifty 50)
| Top gainers | Price (₹) | % Change | Catalyst |
|---|---|---|---|
| Titan Company | 3 560.30 | +4.16 % | Strong Q2 results; domestic business grew 18 %, overseas business 86 % YoY. |
| Infosys | 1 489.40 | +2.12 % | IT sector optimism ahead of TCS results. |
| Tata Consultancy Services (TCS) | 3 028.60 | +1.85 % | Investors positioned ahead of TCS earnings announcement. |
| Tech Mahindra | 1 454.30 | +1.25 % | Buying in IT stocks. |
| HCL Technologies | – | +0.75 % | Positive sentiment in IT sector. |
| Top losers | Price (₹) | % Change | Reason |
|---|---|---|---|
| NTPC | 333.00 | –1.48 % | Profit‑booking in energy stocks. |
| Jio Financial Services | 305.55 | –1.40 % | Selling after rally; part of broader financial weakness. |
| State Bank of India (SBI) Life | – | –1.21 % | Bank/insurance stocks declined as bond yields rose. |
| Tata Motors | 686.85 | –>1 % | Continued selling after Jaguar Land Rover reported 24.2 % drop in wholesale volumes amid cyber‑attack and tariffs. |
| UltraTech Cement, ONGC & Grasim | – | –1–2 % | Pressure in cyclical sectors like cement and oil & gas. |
What moved the market?
- Profit‑booking after a four‑day rally: After several sessions of gains, traders locked in profits, especially in banking, auto and energy stocks. Weakness in heavyweights like Tata Motors, ONGC and UltraTech dragged the indices lower.
- IT stocks offered support: Strong performance and optimistic guidance from Titan and expectations around TCS’s results boosted IT stocks; the Nifty IT index gained over 1.3 %.
- Corporate earnings & news: Titan’s robust Q2 growth (domestic business up 18 % and overseas business up 86 %) lifted the stock. Tata Motors fell after Jaguar Land Rover wholesale volumes slipped due to a cyber‑attack and U.S. tariffs. Ajmera Realty shares jumped over 5 % on record sales growth.
- Mixed global cues: Global markets were mixed: U.S. equity futures traded modestly higher; European indices (FTSE 100, CAC 40, DAX) rose 0.37–0.58 % amid news that SoftBank planned to buy ABB’s robotics division for US$5.4 billion. However, concerns about EU steel tariffs and France’s fiscal deficit kept investors cautious.
- FII activity: Foreign investors were net buyers (₹1,440 crore on 7 Oct) signalling underlying global confidence. Market breadth, however, remained weak with more stocks declining than advancing, indicating profit‑booking across broader markets.
Global cues
- U.S. & Europe: Dow Jones futures were modestly higher (+0.14 %) during Indian trading hours. European markets gained as investors digested the EU’s plan to impose higher steel tariffs; FTSE 100 rose 0.56 %, CAC 40 gained 0.58 %, and DAX added 0.37 %.
- SoftBank‑ABB deal: SoftBank agreed to buy ABB’s robotics division for US$5.4 billion, highlighting global appetite for AI and robotics investments.
- Macro headwinds: Global investors remain cautious as inflation data from key economies and the U.S. Federal Reserve’s policy outlook loom; high U.S. bond yields and geopolitical concerns continue to add volatility.
Stocks to watch
| Stock | Rationale |
|---|---|
| Tata Consultancy Services (TCS) | Q2 results scheduled after market hours; investors watching for commentary on revenue and margins. |
| Titan Company | Strong Q2 growth in jewellery and watches boosted the stock; momentum could continue. |
| Tata Motors | Facing pressure due to Jaguar Land Rover’s volume decline from cyber‑attack and tariffs. |
| Ajmera Realty & Infra India | Delivered record Q2 sales; stock jumped 5.23 %. |
| Larsen & Toubro (L&T) | Expected to secure large Middle‑East contracts worth US$10–15 billion. |
| Ramco Systems / Payce | Ramco Systems’ payroll platform Payce became a certified Workday Global Payroll Connect partner, potentially boosting future revenue. |
| Infibeam Avenues / Phronetic AI | Launched PayCentral.ai, India’s first agentic payment platform for AI agents. |
| Dreamfolks Services | Introduced Wallet α, a premium wallet on PPI rails, hitting the upper circuit. |
| SKM Egg Products | Board meeting on 29 Oct to consider a stock split. |
Corporate updates
- Titan Company: Strong Q2 growth across domestic (up 18 %) and overseas (up 86 %) business segments; jewellery revenue grew 19 % and watch revenue 12 %.
- Tata Motors: Jaguar Land Rover wholesale volumes fell 24.2 % due to a September cyber‑attack, phased wind‑down of old models and U.S. tariffs.
- Macrotech (Lodha) & Ajmera Realty: Lodha’s pre‑sales grew 7 % to ₹4,570 crore while Ajmera Realty’s Q2 sales skyrocketed 184 % YoY to ₹720 crore. Collections rose 13 % and 66 % respectively.
- RBL Bank: Stock rebounded 0.75 % after a two‑day fall; the bank has surged nearly 89 % from its 52‑week low.
- Ramco Systems: Payce payroll system certified as Workday Global Payroll Connect partner, enabling integrated payroll solutions and boosting global reach.
- L&T: Poised to win US$10–15 billion in contracts from the Middle East, including Yanbu Green Hydrogen and Aramco projects.
- Infibeam Avenues: Backed start‑up Phronetic AI launched PayCentral.ai, enabling AI‑based payments.
Technical outlook and tone for tomorrow (9 October 2025)
- Nifty 50: Analysts expect a range‑bound session as traders await the Federal Reserve’s minutes and India’s inflation data. According to Nirmal Bang Securities, immediate resistance is around 25 190; a close above this could open the door to 25 280–25 340. Supports are placed at 25 050–24 990. With Nifty closing near support, a bounce may occur if IT earnings surprise positively.
- Bank Nifty: The banking index faces resistance near 56 300 and support around 55 600. Lack of positive triggers may keep it range‑bound.
- Market tone: Overall tone is expected to be cautious-to-neutral. IT stocks may continue to provide support, but volatility could persist due to earnings announcements and global macro headwinds. Investors should monitor global cues, FII activity and results from TCS and other IT majors.
Outlook for the next trading day
- Range‑bound trade likely: With Nifty holding the 25 000 level and facing resistance near 25 190, the index may consolidate within 24 990–25 340. A decisive break above 25 190 could invite further gains.
- Focus on earnings: TCS will report results after market hours; its commentary on demand and margins may set the tone for IT stocks. Titan, InfoSys and other IT majors could remain in favour.
- Watch global indicators: U.S. inflation data and Federal Reserve minutes may influence global risk appetite; any rise in U.S. yields could pressure Indian banks.
- Stock‑specific action: Expect movements in Tata Motors (post JLR data), L&T (contract announcements), Ajmera Realty (strong sales) and Ramco Systems (partnership news). Investors may also track FII/DII flows for directional cues.
Overall, the Indian market is expected to witness cautious trading with a neutral bias. IT and select consumption stocks could provide support, while banking and energy stocks may remain under pressure unless global sentiment improves.
