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Indian Stock Market Slides Again: Sensex Plunges 466 Points Amidst Banking Sector Sell-off

October 31, 2025
in Business
Reading Time: 2 min

The Indian stock market experienced its second consecutive day of losses on Friday, October 31, 2025, as the benchmark Sensex shed nearly 466 points. This downturn was primarily fueled by significant selling pressure on private banking shares and a generally weak global market sentiment.

Specifically, the 30-share BSE Sensex concluded the day down 465.75 points, or 0.55%, closing at 83,938.71. Earlier in the trading session, it dipped even further, losing 498.8 points (0.59%) to touch 83,905.66. Similarly, the broader 50-share NSE Nifty saw a fall of 155.75 points, or 0.60%, settling at 25,722.10.

Market analysts attributed the persistent bearish mood to several factors: continuous outflows of capital from foreign funds, a mixed bag of corporate earnings reports, and ongoing uncertainty regarding the future interest rate decisions by the U.S. Federal Reserve.

Among the companies listed on the Sensex, several private banking heavyweights and other major firms bore the brunt of the selling. Eternal, NTPC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finserv, Power Grid, Trent, and HDFC Bank were notable underperformers, registering significant losses.

Conversely, a few stocks managed to defy the downward trend and ended the day with gains, offering some relief to investors. These included Bharat Electronics, Larsen & Toubro, Tata Consultancy Services, ITC, and State Bank of India.

The gloomy sentiment wasn’t confined to India. European markets also traded in negative territory, and U.S. markets had closed lower on Thursday, October 30, 2025. In Asia, while South Korea’s Kospi and Japan’s Nikkei 225 indices showed positive movement, China’s Shanghai SSE Composite and Hong Kong’s Hang Seng indices also ended the day with losses.

Adding to the pressure, Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth ₹3,077.59 crore on Thursday. However, Domestic Institutional Investors (DIIs) provided some counter-balance by purchasing equities valued at ₹2,469.34 crore during the same period.

Commodity markets also reflected the cautious global outlook, with the global oil benchmark Brent crude experiencing a slight decline of 0.31%, trading at $64.80 a barrel.

This Friday’s performance follows a similar trend from the previous day, Thursday, October 30, 2025, when the Sensex had already dropped 592.67 points (0.70%) to close at 84,404.46, and the Nifty had fallen 176.05 points (0.68%) to 25,877.85.

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