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Markets hover near day’s low amid F&O expiry
Oct-28-2025

Indian equity markets hovered near day’s lowest point in late trade amid last hour volatility owed to monthly F&O expiry. Besides, traders opted to book some profits following the recent gains made by markets, which intensified the selling pressure. Further, investors remained cautious amid moderation of business sentiments in India during the second quarter. The National Council of Applied Economic Research (NCAER) in its latest Business Expectations Survey has said that business sentiments in India moderated in the second quarter of the current fiscal year (Q2FY26), following three consecutive quarters of improvement, amid high global uncertainties, including additional US tariffs. 

On the global front, Asian equity markets were trading mostly in red as investors locked in some profits after recent gains. European equity markets were trading mostly in red as investors looked forward to key central bank meetings as well as a planned meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in South Korea for direction.

The BSE Sensex is currently trading at 84268.91, down by 509.93 points or 0.60% after trading in a range of 84219.39 and 84986.94. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.16%, while Small cap index was down by 0.09%.

The only gaining sectoral indices on the BSE were Metal up by 1.04%, Basic Materials up by 0.27%, while Realty down by 1.25%, Utilities down by 1.11%, IT down by 1.05%, Consumer Durables down by 1.02% and Oil & Gas down by 0.87% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.66%, Larsen & Toubro up by 0.67%, SBI up by 0.37%, Kotak Mahindra Bank up by 0.23% and Bharti Airtel up by 0.12%. On the flip side, Trent down by 1.98%, Bajaj Finserv down by 1.86%, Bajaj Finance down by 1.80%, Tech Mahindra down by 1.67% and ICICI Bank down by 1.37% were the top losers.

Meanwhile, The Small Industries Development Bank of India (SIDBI) survey has revealed that despite deep rate cuts by Reserve Bank of India (RBI), the micro, small and medium enterprises (MSMEs) are still cautious about the future interest rate trends. It said the MSME segment, which is widely called the backbone of the Indian economy, continued to be concerned about the availability of adequate credit as well.

However, the survey said expectations of elevated finance costs persist across sectors, reflecting cautious sentiment about future interest rate trends. On the issue of credit availability, it said that the adequacy of available credit is still a concern among MSMEs. Amid widespread concerns about sluggish growth in private capital expenditure, the small business segment has also said that the higher capacity utilisation is gradually leading to new capex among MSMEs.

It said entities in the segment are also anticipating an improvement in the debtor realisation and feeling that the profitability will be stable going ahead. However, they flagged concerns on the availability of skilled labour, pointing out that this is a ‘structural challenge’ despite the improvements that have happened.

The CNX Nifty is currently trading at 25830.95, down by 135.10 points or 0.52% after trading in a range of 25810.05 and 26041.70. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were JSW Steel up by 2.56%, Tata Steel up by 2.55%, SBI Life Insurance Company up by 1.63%, HDFC Life Insurance up by 1.07% and Hindalco up by 0.78%. On the flip side, Trent down by 1.93%, Bajaj Finserv down by 1.86%, Bajaj Finance down by 1.84%, Coal India down by 1.69% and Tech Mahindra down by 1.58% were the top losers.

Asian equity markets were trading mostly in red; Straits Times rose 15.28 points or 0.34% to 4,455.58, while Hang Seng declined 104.7 points or 0.4% to 26,329.00, Nikkei 225 slipped 316.32 points or 0.63% to 50,196.00, Taiwan Weighted lost 44.52 points or 0.16% to 27,949.11, Shanghai Composite weakened 8.72 points or 0.22% to 3,988.22, KOSPI dropped 32.42 points or 0.81% to 4,010.41 and Jakarta Composite plunged 51.18 points or 0.63% to 8,065.97.

European equity markets were trading mostly in red; UK’s FTSE 100 increased 6.23 points or 0.06% to 9,660.05, while France’s CAC fell 0.18 points or 0% to 8,239.00 and Germany’s DAX lost 33.28 points or 0.14% to 24,275.50.
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