Business EconomyPosted at: Oct 31 2025 2:38AM


Stock market experiences pullback with Sensex falling 593 points, Nifty at 25,878

New Delhi, Oct 30 (UNI) On the stock market, the benchmark indices experienced a sharp pullback in trade as investor sentiment turned cautious following hawkish comments from the US Federal Reserve Chair Jerome Powell.
Sensex shed 593 points or 0.70% to end at 84,404 while Nifty 50 settled the day at 25,878, down 176 points or 0.68%. The broader markets outperformed, with the BSE Midcap index unchanged and the BSE Smallcap index shedding 0.06%.
Among the sectors, barring Nifty Energy, all other indices settled in red. Nifty Financial Services was down 0.7%, followed by IT, Auto, Metal, Pharma, Bank, and Oil & Gas.
On Nifty50, only 10 stocks closed in the green. The key ones included Coal India as the best performer as it rose 1.58%. L&T, Hindalco, BHEL and Nestle India were among the other top gainers.
Further, 40 stocks settled with cuts including key pharma stocks namely Dr Reddy's Labs and Cipla, down 3.79% and 2.54%, respectively, ending as the top losers. HDFC Life, IndiGo and Bharti Airtel also ended deep in the red, shedding up to 1.50%.
On NSE, the advance-decline ratio favoured sellers as 1321 stocks gained, 1748 declined, and 109 were unchanged.
Canara Bank shares spiked over 4% after the bank released its results for Q2FY26. Bank’s shares were trading at Rs 134.25 apiece after the release of the results, which is the highest level seen by the stock in nearly 15 years.
Market participants remained keen on the outcome of the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
Chinese markets gave up early gains, with Hong Kong's Hang Seng shedding 0.2% to 26,298.64. The Shanghai Composite index lost 0.3% to 4,006.60.
Tokyo's Nikkei 225 index bounced lower and then inched up less than 0.1% to 51,333.51 after the Bank of Japan kept its benchmark interest rate unchanged.
UNI VK RN
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Tags: #Stock market experiences pullback with Sensex falling 593 points# Nifty at 25#878
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