Nifty 50 closed at 25,893.40, down by 162 points (0.62%). Bank Nifty closed at 58,056.95, down by 333 points (0.57%). Sensex closed at 84,452.65, down by 544.48 points (0.64%).
Among sectoral indices, Nifty Pharma was the top loser, down 1.3 percent, followed by Nifty Metal and Nifty FMCG, which declined 0.7 percent each. Nifty IT, Nifty Consumer Durables, and Nifty Private Bank were down 0.5 percent each. Nifty Auto, Nifty Realty, and Nifty Oil & Gas also slipped, losing 0.3 percent each.
US Markets
- Dow Jones Futures are down by 169.00 points, up by 0.36%, currently trading at 47,624.00 as of October 30, 2025.
European Markets
- FTSE (UK) decreased by 57.62 points, down by 0.59%, standing at 9,698.52.
- CAC (France) decreased by 31.24 points, down by 0.38%, at 8,169.64.
- DAX (Germany) decreased by 38.61 points, down by 0.16%, at 24,085.46.
Global events/updates
- President Trump announced a one-year deal with China to secure rare earth supplies and cut fentanyl-related tariffs to 10%, lowering overall duties on Chinese goods to 47%. The U.S. will delay blacklisting certain Chinese firms, while Trump plans to visit China in April, followed by President Xi’s visit to the U.S.
- Shell reported stronger-than-expected Q3 profits driven by solid operational performance. The company announced a new $3.5 billion share buyback program for the next three months. Shares of the London-listed oil major have risen over 16% this year, outperforming most industry peers and reflecting investor confidence in its strong cash flow and disciplined capital returns.
- European markets traded mixed on Thursday as investors digested corporate earnings and global events. Shell’s profit beat expectations despite a decline, Airbus reported strong Q3 results with revenue up 14%. Trump and Xi reached a rare earth deal, while the Fed cut rates by 25 bps but signaled no December cut. Asian markets traded mixed.
- Hybe, South Korea’s largest K-pop agency, added about $644 million in market value after a court upheld NewJeans’ contract through 2029. The ruling ends a long-running legal battle involving ADOR and ex-CEO Min Hee-jin. NewJeans remains one of Korea’s biggest global acts, known for multiple Billboard chart hits.
- The Bank of Japan kept interest rates unchanged in a 7-2 vote, with two members favoring a hike to 0.75%. This marks the first policy meeting under new Prime Minister Sanae Takaichi. Inflation has remained above the BOJ’s 2% target for 41 consecutive months, keeping pressure on policymakers to consider future tightening.
Stock news
Xchanging Solutions Ltd: Revenue grew 6% QoQ and 19% YoY, while PAT rose 18% QoQ and 66% YoY, indicating strong operational growth and improved profitability momentum across segments.
Automotive Stampings & Assemblies Ltd (Tata Group): Revenue surged 22% QoQ and 7% YoY, with PAT up 76% QoQ and 3% YoY, reflecting robust quarterly performance driven by improved margins and steady demand from automotive OEMs.
Cipla Ltd: Revenue increased 9% QoQ and 7% YoY, with net profit up 5% QoQ and 4% YoY. EBITDA margin stood at 24.97%. The firm plans to launch key respiratory and peptide assets by FY26.
Sat Kartar Shopping Ltd: Revenue grew 16.57% YoY and 1.41% QoQ, while net profit soared 103.77% YoY and 39.17% QoQ, showcasing strong profitability growth supported by improved operating efficiency and expanding retail performance.
Zaggle Prepaid Ocean Services Ltd: Won a ₹9.84 crore domestic contract from General Insurance Corporation of India for its employee expense management platform “Zaggle Save,” to be executed over three years from November 2025 to November 2028.
Knowledge Marine & Engineering Works Ltd: Ace investor Ashish Kacholia increased his stake by acquiring 52,632 shares at ₹1,900 each via preferential allotment, raising his holding from 2.8%. The move signals confidence in the company’s future growth prospects.
Dr. Reddy’s Laboratories: Shares fell 6% after Canada’s drug regulator issued a non-compliance notice for its Semaglutide injection. Analysts expect launch delays beyond January 2026, impacting projected revenues of $30 million in FY26 and $100 million in FY27.
Innovators Facade Systems Ltd: Vijay Kedia-backed stock jumped 12% after securing a ₹224 crore order from Aditya Birla Real Estate and K Raheja for façade and glazing works on major real estate projects.
Z-Tech (India) Ltd: Stock rose 2% after winning two construction orders worth ₹2.36 crore and ₹8.29 crore in Firozabad for Theme Park and Waste-to-Wonder Park projects, including 20-year operation and maintenance responsibilities.
Pasupati Acrylon Ltd: Shares surged 12% after the firm won ethanol supply allocation of 32,320 kilolitres worth ₹215 crore under the Ethanol Blended Petrol Programme (EBPP) for ESY 2025–26 from Oil Marketing Companies (OMCs).
AVP Infracon Ltd: Shares jumped 5% after securing a ₹58 crore road development order from the Tamil Nadu Highways Department for widening and strengthening the Thiruvannamalai–Thiyagadurgam Road from two lanes to four lanes.
EaseMyTrip (Easy Trip Planners Ltd): Won the Punjab Government mandate to manage travel for over two lakh devotees under the Mukh Mantri Tirth Yatra Yojana, ensuring seamless pilgrimage trips to Amritsar’s key religious destinations over the next year.
Le Travenues Technology Ltd: Stock fell 19% after revenue rose 37% YoY but declined 10% QoQ. The company reported a net loss of ₹3.5 crore versus a ₹13 crore profit last year, signaling margin pressures.
Brokerage Recommendations
Varun Beverages
- Target Price:- Rs 576 apiece
- Upside:- 18.53%
- By Deven Choksey
TVS Motor Company
- Target Price:- Rs 4150 apiece
- Upside:- 18.86%
- By Anand Rathi
KFIN Technologies
- Target Price:- Rs 1,400 apiece
- Upside:- 25.96%
- By Emkay
Shree Cements
- Target Price:- Rs 33,000.00 apiece
- Upside:- 14.86%
- By Emkay
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Chennai Petroleum (10%) | Vodafone Idea (-6.73%) |
| Sagility(7.02%) | Sarda Energy & Minerals (-4.34%) |
| PB Fintech (6.89%) | NMDC Steel (-4%) |
| Bharat Heavy Electricals (6.28%) | LIC Housing Finance (-4.04%) |
| Five-Star Business Finance (5.99%) | Dr. Reddy’s Labs (-4.03%) |
Conclusion: Markets ended lower on Thursday, with Nifty slipping 162 points to 25,893 and Sensex down 544 points amid broad-based sectoral weakness. Pharma, metal, and FMCG stocks led declines. Despite global uncertainties, select midcap and order-driven stocks like Chennai Petroleum, Sagility, and Innovators Facade outperformed, while brokerage upgrades and new contracts boosted investor sentiment in specific counters.
Written by Abhishek Singh
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