NewsMarketsMarkets Dip at Midday: Nifty and Sensex in Red, Forest Materials Lead Sectoral LossesMarkets Dip at Midday: Nifty and Sensex in Red, Forest Materials Lead Sectoral Losses
Indian stock markets are trading lower at midday, with Nifty 50 down 0.54% and BSE Sensex down 0.52%. Forest Materials and Commercial Services sectors are the top losers, declining by 15.80% and 15.66% respectively. The Transport sector shows resilience with a 1.44% gain. Buzzing stocks include Reliance Group, condemning Cobrapost's exposé, Wipro's AI deal with Hanesbrands, and L&T reaching a 52-week high despite missing Q2 estimates.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are trading lower at midday, with both benchmark indices, Nifty 50 and BSE Sensex, in the red.
| Index | Current Price | Previous Close | Change | % Change | Last Updated |
|---|---|---|---|---|---|
| Nifty 50 | 25,913.55 | 26,053.90 | -140.35 | -0.54% | 30/10/2025 12:01:14 |
| BSE Sensex | 84,556.88 | 84,997.13 | -440.25 | -0.52% | 30/10/2025 12:01:27 |
Sectoral Performance
The market is witnessing a mixed performance across sectors, with some facing significant pressure.
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Forest Materials | -15.80% |
| Commercial Services | -15.66% |
| Energy | -12.99% |
| Realty | -11.48% |
| Consumer Services | -11.03% |
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Transport | 1.44% |
| Castings, Forgings & Fasteners | 1.16% |
| Trading | 0.82% |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
Reliance Group: The company has condemned Cobrapost's upcoming exposé, describing it as a malicious campaign. Reliance Group alleges that Cobrapost is funded by entities seeking to acquire its assets at depressed valuations.
Wipro: The IT giant has entered into a long-term agreement with Hanesbrands to provide AI-driven IT improvements, focusing on optimizing operations and enhancing cybersecurity.
Infosys: The company has expanded its partnership with Metro Bank to enhance the bank's financial operations using the Workday technology platform.
Tata Steel: The company has filed a legal petition in response to a demand letter seeking 24.11 billion rupees. Additionally, Tata Steel has acquired equity shares worth $160 million in T Steel Holdings.
Larsen & Toubro: L&T shares climbed over 2% to reach a 52-week high of ₹4,062.60 following strong quarterly results. However, the company's Q2 results missed estimates, with revenue, EBITDA, and APAT falling short by 5.4%, 5.2%, and 6.4% respectively.
ONGC: The company has appointed Shashi Bhushan Singh as the interim compliance officer.
Conclusion
As the trading day progresses, the Indian markets are showing a negative trend with significant losses in sectors like Forest Materials and Commercial Services. Investors are closely watching the developments in key stocks like Reliance Group and Larsen & Toubro. The transport sector stands out as a bright spot in today's otherwise bearish market.
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