Indian Stock Markets See Correction as RIL and HDFC Bank Shares Sell Off
Benchmark indices Sensex and Nifty closed lower, ending a four-day rally, due to profit-taking in Reliance Industries and HDFC Bank. Auto, real estate, and banking sectors were the major laggards.
Stock MarketsSensexNiftyReliance IndustriesHdfc BankReal Estate MumbaiOct 09, 2025
In a volatile trading session, the 30-share BSE Sensex declined by 153.09 points, or 0.19%, to settle at 81,773.66. The index fluctuated significantly throughout the day, hitting a high of 82,257.74 and a low of 81,646.08, with a range of 611.66 points.
Similarly, the 50-share NSE Nifty dropped by 62.15 points, or 0.25%, to close at 25,046.15. Profit-taking in the auto, real estate, and banking sectors contributed to the market's decline, according to analysts.
Among the Sensex constituents, Tata Motors, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent, Sun Pharma, Power Grid, and Reliance Industries were the major laggards. On the other hand, Titan, Infosys, Tata Consultancy Services, HCL Tech, and Tech Mahindra were among the biggest gainers.
Vinod Nair, Head of Research at Geojit Investments Limited, commented, “Key indices witnessed a volatile session, tempered by profit booking after a sharp rally. Investor caution dominated ahead of the Q2 earnings season, as market participants reassessed valuations and growth prospects.”
Ajit Mishra, SVP of Research at Religare Broking Ltd, added, “Markets traded sideways on Wednesday and ended with a mild downtick, taking a breather after the recent surge. After a quiet start, the Nifty moved within a narrow range for most of the session and eventually settled near the day's low at 25,046.15.”
The BSE midcap gauge declined by 0.74%, and the smallcap index dipped by 0.42%. Among the sectoral indices, realty declined by 1.88%, power by 1.49%, auto by 1.35%, and utilities by 1.29%. However, the BSE Focused IT index surged by 1.67%, the IT index jumped by 1.50%, the teck index by 1.34%, and the consumer durables index by 0.37%.
The market sentiment was reflected in the performance of individual stocks, with 2,434 stocks declining, 1,740 advancing, and 156 remaining unchanged on the BSE.
Foreign Institutional Investors (FIIs) turned buyers on Tuesday, purchasing equities worth Rs 1,440.66 crore, according to exchange data. In the broader Asian markets, Japan's Nikkei 225 and Hong Kong's Hang Seng indices settled lower, while markets in China and South Korea were closed for holidays.
European markets were trading higher, and US markets ended lower on Tuesday. Global oil benchmark Brent crude prices increased by 1.16% to USD 66.21 per barrel.
On the previous trading day, the Sensex had gained 136.63 points, or 0.17%, to settle at 81,926.75, while the Nifty edged higher by 30.65 points, or 0.12%, to close at 25,108.30.
Frequently Asked Questions
What caused the decline in the Indian stock markets?
The decline in the Indian stock markets was primarily due to profit-taking in blue-chip stocks such as Reliance Industries and HDFC Bank, along with selling in the auto, real estate, and banking sectors.
How much did the Sensex and Nifty decline?
The Sensex declined by 153.09 points, or 0.19%, to settle at 81,773.66. The Nifty dropped by 62.15 points, or 0.25%, to close at 25,046.15.
Which sectors were the major laggards?
The major laggards were the auto, real estate, and banking sectors. The realty index dropped by 1.88%, the power index by 1.49%, the auto index by 1.35%, and the utilities index by 1.29%.
Which stocks were the biggest gainers?
The biggest gainers were Titan, Infosys, Tata Consultancy Services, HCL Tech, and Tech Mahindra.
What was the impact of foreign institutional investors?
Foreign Institutional Investors (FIIs) turned buyers on Tuesday, purchasing equities worth Rs 1,440.66 crore, which helped to support the market to some extent.
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