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EQUITY
Post Session: Quick Review
Oct-24-2025

Indian equity benchmarks ended lower on Friday after India's private sector activity eased to five-month low in October. Markets made a positive start but soon slipped below neutral lines amid profit-taking after almost a week-long rally and fresh foreign fund outflows. Foreign investors net sold shares worth Rs 1,166 crore on Thursday. In dying hours of trade, markets tried to recover but failed to enter green terrain amid weakness in FMCG, healthcare, and private bank stocks.

Some of the important factors in trade:

India's private sector activity eases to five-month low in October: Traders were concerned as India’s flash PMI data report has showed that private sector growth lost momentum amid a slowdown in the service economy. The HSBC Flash India Composite Output Index fell to 59.9 in October from 61.0 in September.

India Inc likely logged a 5-6% on-year revenue growth in Jul-Sep: Traders took note of Crisil report that corporate revenue is expected to have grown a modest 5-6% on-year in the July-September quarter, following underwhelming performance of the power, coal, IT services and steel sectors.

Defence stocks remain in focus: The Ministry of Defence (MoD) has said the Defence Acquisition Council (DAC) has approved procurement proposals worth Rs 79,000 crore to enhance the capabilities of the Indian armed forces.

Global front: European markets were trading in red as earnings proved to be a mixed bag and investors braced for the release of delayed U.S. inflation figures for September. Asian markets ended in green ahead of pivotal talks between the United States and China in Malaysia to avert trade war escalation.

The BSE Sensex ended at 84211.88, down by 344.52 points or 0.41% after trading in a range of 83957.15 and 84707.44. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index fell 0.26%, while Small cap index was down by 0.19%. (Provisional)

The top gaining sectoral indices on the BSE were Metal up by 1.02%, Telecom up by 1.01%, Oil & Gas up by 0.25%, Realty up by 0.24% and Energy up by 0.22%, while Bankex down by 0.77%, Healthcare down by 0.75%, FMCG down by 0.71%, Power down by 0.47% and Auto down by 0.45% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharti Airtel up by 1.13%, ICICI Bank up by 1.10%, Bharat Electronics up by 0.84%, Sun Pharma up by 0.75% and ITC up by 0.40%. On the flip side, Hindustan Unilever down by 3.22%, Ultratech Cement down by 1.83%, Titan Company down by 1.49%, Adani Ports & SEZ down by 1.48% and Axis Bank down by 1.43% were the top losers. (Provisional)

Meanwhile, Crisil Ratings in its latest report has said that the leather and allied products industry in India will see revenue decline of 10-12 per cent on-year this fiscal (FY26) as the 50 per cent tariff (25 per cent reciprocal tariff plus 25 per cent penalty for purchase of Russian oil) imposed by the United States will slash export volume. The US is a major market for domestic leather players. 

The report said given the significant export concentration, companies would witness a decline despite a moderate improvement in domestic demand following the rationalisation of Goods and Services Tax (GST), besides other favourable macro-economic factors such as lower income taxes, benign inflation, and low interest rates. It said the leather and allied products industry is estimated to have logged a revenue of about Rs 56,000 crore in fiscal 2025, and exports accounted for about 70 per cent of the revenue pie. A large chunk of the exports was to the European Union (over 50 per cent) and the US (about 22 per cent).

It said signs of a slowdown in the US export demand were already visible with the 25 per cent reciprocal tariff taking effect in the first week of August. It noted that the additional 25 per cent punitive tariff, effective August 27, 2025, has placed India at a further disadvantage vis-a-vis other major exporting nations such as Cambodia, Italy, Vietnam and France, where the US tariffs are lower at 15-20 per cent.

The CNX Nifty ended at 25795.15, down by 96.25 points or 0.37% after trading in a range of 25718.20 and 25944.15. There were 17 stocks advancing against 33 stocks declining on the index. (Provisional)

The top gainers on Nifty were Hindalco up by 4.04%, Bharti Airtel up by 1.07%, ONGC up by 1.05%, ICICI Bank up by 1.03% and Bharat Electronics up by 0.81%. On the flip side, Cipla down by 3.69%, Hindustan Unilever down by 3.27%, Max Healthcare Inst down by 2.22%, Ultratech Cement down by 1.87% and Adani Ports & SEZ down by 1.85% were the top losers. (Provisional)

European markets were trading in red; UK’s FTSE 100 fell 3.82 points or 0.04% to 9,574.75, France’s CAC slipped 32.68 points or 0.40% to 8,193.10, and Germany’s DAX lost 7.39 points or 0.03% to 24,200.40.

Asian markets ended mostly higher on Friday tracking Wall Street’s gains overnight after reports that US President Donald Trump confirmed plans to meet with Chinese President Xi Jinping next week, while a new round of negotiations aimed at resolving escalating trade tensions between the United States and China will also take place in Malaysia on October 24-27. Meanwhile, investors were awaiting the release of the delayed inflation report from the US later in the day for direction. Japanese shares gained amid expectations of new economic stimulus. Japan’s Finance Minister Satsuki Katayama signalled that it may be necessary to issue additional debt to fund Prime Minister Sanae Takaichi’s upcoming economic package, if existing resources prove insufficient. Data showed Japan’s core inflation accelerated to 2.9% in September from 2.7% in August, though the Bank of Japan is still expected to keep interest rates unchanged next week. Seoul shares hit a new record high, led by Samsung Electronics and SK Hynix, whose combined market cap surpasses 1,000 trillion won. Chinese and Hong Kong shares rose after China outlined a new five-year strategy to strengthen technological self-reliance and boost domestic demand.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,950.31

27.90

0.71

Hang Seng

26,160.15

192.17

0.74

Jakarta Composite

8,271.72

-2.63

-0.03

KLSE Composite

1,613.27

5.27

0.33

Nikkei 225

49,299.65

658.04

1.35

Straits Times

4,422.21

5.94

0.13

KOSPI Composite

3,941.59

96.03

2.50

Taiwan Weighted

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