- By Raju Kumar
- Fri, 24 Oct 2025 02:34 PM (IST)
- Source:JND
Sensex, Nifty: The Indian equity benchmark indices, the Sensex and Nifty, saw a sudden collapse, breaking the gaining streak in the festival season on Friday. Today, the 30-share BSE Sensex lost 569 points to 83,987.19, while the NSE Nifty50 fell 165.40 points to 25,726.
The latest data of the stock market showed that the mid-cap stocks faced pressure, with sectoral indices displaying mixed trends amid heightened volatility.
Nifty, Sensex Open Flat
Earlier in the day, the stock markets opened on a flat note as investors remained in a wait-and-watch mode amid anticipation of an official announcement on a possible US-India trade deal. The BSE Sensex opened at 84,667.23, up by 110.83 points or 0.13 per cent, while the Nifty 50 index started at 25,935.10 points, gaining 43.70 points or 0.17 per cent, while
Market experts said investor optimism remains high regarding the proposed trade deal between India and the United States, although no official confirmation has been made yet.
"Indian markets saw a gap up and given the talk of a possible US-India trade deal, export-oriented sectors like textiles and IT saw a strong recovery," said Ajay Bagga, Banking and Market Expert.
Even though PM Modi is not travelling to Malaysia for the ASEAN summit, and will hence not be having a meeting with US President Trump, the deal optimism is high. Domestic political compulsions mean that any deal will be announced post the Bihar elections. FIIs turned net sellers as some profit-taking set in by the afternoon in markets.
In the broader market indices on the NSE, except for Nifty Midcap, which gained marginally by 0.02 per cent, all other major indices, including Nifty 100, opened under pressure.
Among the sectoral indices on the NSE, Nifty Metal index surged more than 1.12 per cent, while Nifty Realty also gained marginally. However, other sectors came under selling pressure, with Nifty FMCG declining by 1.27 per cent and Nifty Pharma losing 0.75 per cent.
Globally, the recent sanctions imposed on two top Russian crude oil companies also weighed on market sentiment.
Additionally, the sharp fall in gold and silver prices this week created a negative wealth effect. However, experts noted that reducing Russian oil revenues could accelerate a possible Ukraine-Russia peace deal, potentially brokered by the US.
(With ANI inputs)