Market closes in red on Oct 8th: Nifty falls 0.25%, Sensex down 0.19%
Global weakness and sectoral profit booking weighed on Dalal Street, pulling indices into the red despite early gains.
Dalal Street witnessed bearish sentiment today with Nifty closing at 25,046.15, down by 0.25%. It opened at 25,079.75 and made a high of 25,192.50. Sensex opened at 81,899.51, made a high of 82,257.74, and closed at 81,773.66, down by 0.19%.
Reasons for the decline
The market declined due to several reasons:
- Profit booking in the banking, auto, FMCG, and real estate sectors after recent gains.
- Weak global cues led by the decline in the U.S. and Asian markets.
Major Indices Today
- Both benchmark indices traded in red, led by losses in Realty and media stocks, while auto, banking, and energy also faced pressure.
- The Bank Nifty and FinNifty dropped, influenced by heavy selling in banking stocks.
- The Nifty Next 50 also declined, pulled down by the broader benchmark indices.
Sectoral Indices Today
- Nifty IT demonstrated strong resilience with modest gains, driven by expectations of positive earnings from IT companies such as TCS and Infosys.
- Nifty Auto declined sharply, following a drop in Tata Motors ahead of its demerger, which is fixed on October 14, 2025.
- Nifty FMCG was in a negative territory after stocks like Emami and Godrej Consumer Products experienced a decline, dragging down the index.
- Nifty Pharma was dragged down by the decline in stocks such as Sun Pharma, Cipla, Aurobindo Pharma, and Lupin.
- The Nifty Oil & Gas index saw a drop due to the sharp decline in stocks, including Reliance Industries, Petronet LNG, and Confidence Petroleum.
Market Movers Today
- Godrej Consumer shares dropped by 3% after the company stated that the new GST reforms may impact their corporate earnings.
- Tata Steel shares rose by nearly 1% amid a global metals rally fueled by U.S. rate cut expectations, a weaker dollar, and EU tariff hikes on Chinese steel.
- Tata Motors shares dropped by 1% as investors expressed concern over the separation of the commercial and passenger vehicle businesses.
- Ather Energy's share price rose by 8% led by increasing demand for electric two-wheelers, expanding market share, and favourable market sentiment around the sector.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- The LG Electronics IPO is open for subscription and will close on October 9th, with a price band of ₹1080-₹1140.
- Tata Capital IPO closed today. The price band was ₹310-₹326
Allotment Status
WeWork India shares allotted today. Investors can check the allotment status online through the websites of BSE and NSE.
Listed Today
- Advance Agrolife shares were listed at a 14% premium at ₹114 per share on the NSE and ₹113 on the BSE. The price band set was ₹95-₹100.
Market Announcements
- NDTV rights issue opened on September 22 and closed today. The news broadcaster is planning to raise nearly ₹400 crore from eligible shareholders.
- Shares of Saatvik Green Energy rose by 2% after the company won orders worth ₹707 crores for the supply of solar PV modules.
References:
- Godrej Consumer shares fall to a 6-month low as firm says GST transition may impact Q2 profit
- Tata Steel shares are up 25% in 2025. Can the rally hold above Rs 175?
- Tata Motors demerger effect: Shares lose steam, slip 7% in 4 days. What investors need to know
- Ather Energy stock extends gains to sixth session, doubles investors' wealth since IPO
- NDTV rights issue closes today; price, ratio, other details you must know
- Saatvik Green Energy shares gain 2% on orders win of Rs 707cr; earnings today
