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Indian Stock Markets Take a Breather as Blue-Chips RIL and HDFC Bank Face Selling Pressure

October 8, 2025
in Business
Reading Time: 2 min

Indian benchmark stock indices, the Sensex and Nifty, ended their four-day winning streak on Wednesday, October 8, 2025. The market saw a downturn as prominent blue-chip companies, particularly Reliance Industries and HDFC Bank, experienced significant selling pressure, leading to a dip in overall market performance.

It was a day marked by volatility for the 30-share BSE Sensex, which ultimately closed down by 153.09 points, or 0.19%, settling at 81,773.66. Throughout the trading day, the index experienced considerable swings, reaching an intraday high of 82,257.74 and a low of 81,646.08, indicating a broad range of 611.66 points.

Similarly, the 50-share NSE Nifty also recorded losses, falling by 62.15 points, or 0.25%, to close at 25,046.15.

Several major companies listed on the Sensex contributed to the decline, including prominent laggards such as Tata Motors, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent, Sun Pharma, Power Grid, and Reliance Industries.

Conversely, some stocks managed to defy the downward trend and emerged as significant gainers. These included Titan, Infosys, Tata Consultancy Services (TCS), HCL Technologies, and Tech Mahindra.

Commenting on the market’s performance, Vinod Nair, Head of Research at Geojit Investments Limited, noted that “key indices experienced a volatile session, largely due to investors taking profits after a significant rally. A sense of caution prevailed among investors as they anticipated the upcoming Q2 earnings season, prompting a reevaluation of current valuations and future growth potential.”

On a more positive note, Foreign Institutional Investors (FIIs) showed renewed buying interest on Tuesday, October 7, 2025, purchasing equities valued at ₹1,440.66 crore, as per official exchange data.

Across Asian markets, a similar trend was observed, with Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index both closing in negative territory. Meanwhile, markets in China and South Korea remained closed for public holidays.

In contrast, European markets were trading with gains, while U.S. markets had closed lower on Tuesday, October 7, 2025.

The global oil benchmark, Brent crude, saw an increase, rising by 1.16% to reach $66.21 per barrel.

It’s worth noting that the previous trading day, Tuesday, October 7, 2025, had seen positive movement, with the Sensex advancing by 136.63 points (0.17%) to close at 81,926.75, and the Nifty gaining 30.65 points (0.12%) to reach 25,108.30.

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