Market Wrap: Nifty and Sensex Close in Red Amid Mixed Sector Performance
Indian stock markets ended in the red on October 28, with Nifty 50 down 0.12% at 25,966.05 and Sensex shedding 0.18% to close at 84,778.84. Engineering Services led gains (+1.42%), while Energy sector plummeted (-13.97%). Reliance Industries, Axis Bank, and Infosys were among the buzzing stocks. Market breadth was negative with 2,482 declining stocks versus 2,067 advancing out of 4,549 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in negative territory on October 28, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending the day lower. The Nifty 50 closed at 25,966.05, down 29.85 points or 0.12%, while the BSE Sensex ended at 84,778.84, shedding 150.68 points or 0.18%.
Sectoral Performance
The day saw a mixed performance across sectors, with some showing strength while others faced significant pressure.
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Engineering Services | 1.42% |
| Trading | 0.87% |
| Insurance | 0.76% |
| Banks | 0.74% |
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Energy | -13.97% |
| Commercial Services | -12.64% |
| Leisure Services | -8.72% |
| Forest Materials | -6.82% |
| Utilities | -6.61% |
Buzzing Stocks
Several stocks made headlines during the trading session:
Reliance Industries: The company's Jio telecommunications service reported gaining 3.25 million new mobile subscribers in September. Additionally, Reliance completed its joint venture transaction with Disney, merging Viacom18's media and JioCinema businesses into Star India Private Limited.
Axis Bank: The bank has put Lavasa Corp's debt worth ₹511 crore up for sale.
Infosys: The company announced several strategic collaborations and partnerships, including with Commerzbank, Colt Technology Services, and ServiceNow. Infosys also committed €5.0 million to UVC Partners venture capital fund in Germany.
ICICI Bank: CareEdge Ratings reaffirmed the bank's credit ratings across various instruments, maintaining AAA ratings for infrastructure bonds, long-term instruments, and Tier II bonds.
Tata Motors: The company is set to launch the new-generation Sierra SUV in India on November 25, 2025. The SUV will be positioned between the Tata Curvv and Harrier models.
UltraTech Cement: The company announced its quarterly results with consolidated net sales of ₹15,308 crores and a profit after tax of ₹820 crores.
L&T: The company won multiple orders across international and domestic markets, including contracts for vessels, processing equipment, and nuclear power equipment.
HDFC Bank: The bank has placed two senior executives on gardening leave amid a probe into alleged mis-selling of Credit Suisse Additional Tier 1 bonds.
Nestle India: The company announced plans to reduce its workforce by 6% as part of global organizational changes.
Market Breadth
The overall market breadth was negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Scrips Traded | 4,549 |
| Positive Scrips | 2,067 |
| Negative Scrips | 2,482 |
Conclusion
The Indian stock market ended the day on a subdued note, with both Nifty 50 and Sensex closing in the red. While sectors like Engineering Services and Trading showed resilience, Energy and Commercial Services faced significant pressure. The market breadth remained negative, reflecting the overall cautious sentiment among investors.
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