India's stock market broke its four-day gaining streak today due to profit booking, even as IT stocks gained ahead of quarterly results.
On Wednesday (8 October 2025), the 30-share S&P BSE Sensex fell 0.19% to 81,773.66 points, even as the broader NSE Nifty 50 ended the day 0.25% lower at 25,046.15 points. The two equity benchmarks had risen about 2% each in the last four sessions.
Fourteen of the 16 major sectors logged losses on the day. The broader small-caps and mid-caps fell 0.5% and 0.7%, respectively. Nifty Bank dropped about 0.5%, snapping a six-session rally. Nifty Auto fell 1.5%, led by Tata Motors Ltd. after Jaguar Land Rover reported muted second-quarter sales.
“After a quiet start, the Nifty 50 moved within a narrow range for most of the session and eventually settled near the day’s low at 25,046.15,” Ajit Mishra, senior vice president - research at Religare Broking Ltd., told PTI.
The Nifty IT, however, rose 1.5% ahead of the earnings season to be kicked off by Tata Consultancy Services Ltd. on Thursday. TCS' share price rose 1.8%.
India's IT stocks, at present, have attractive valuations, offering better risk-reward despite expectations of muted quarterly results, according to analysts. Investors will look for commentary on revival in demand and client spending.
Stocks In Focus
- Reliance Industries Ltd. fell 1.3%, succumbing to profit-booking, after an 1.6% jump in the last two sessions.
- Titan Ltd. jumped 4.3% after it reported a better-than-expected pre-quarterly update.
- SBI Cards and Payment Services Ltd. gained 1.7% after RBI proposed to reduce risk weights on some loans, including credit cards.
“Key indices witnessed a volatile session, tempered by profit booking after a sharp rally,” Vinod Nair, head of research at Geojit Investments Ltd. told PTI. “Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects.”
{{/usCountry}}“Key indices witnessed a volatile session, tempered by profit booking after a sharp rally,” Vinod Nair, head of research at Geojit Investments Ltd. told PTI. “Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects.”
{{/usCountry}}As many as 2,434 stocks declined while 1,740 advanced and 156 remained unchanged on the stock market today.