The BSE Sensex dipped 153.09 points (–0.19%), closing at 81,773.66.
The NSE Nifty50 slipped 62.15 points (–0.25%), settling at 25,046.15.
In the broader universe, the Nifty Midcap 100 fell 0.73%, while the Nifty Smallcap 100 dropped 0.52%.
Despite the overall slide, IT and Consumer Durables were the only sectors that closed in the green.
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Impact on the stock market
Sector-wise performance
The Nifty IT index bucked the tide, gaining 1.51%, led by Infosys, TCS, Coforge, LTIMindtree, HCL Tech, and Tech Mahindra.
On the flip side, Realty, Media, Auto, and Energy indices fell by more than 1% each.
Other laggards included Banking, FMCG, Financial Services, Pharma, Metal, and Oil & Gas, which bowed to pressure and slipped up to 1%.
| Sector/Index | Performance |
| IT & BPM sector | -0.04% |
| Healthcare sector | 0.25% |
| Oil & Gas sector | 0.49% |
| Real estate sector | 1.09% |
| PSU Bank in India | -0.41% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Bharti Airtel | 1,929.00 | 1.36 |
| Bajaj Auto | 8,904.00 | 1.27 |
| Jio Financial | 309.90 | 1.19 |
| Eicher Motors | 6,957.00 | 1.12 |
| HCL Tech | 1,433.40 | 1.11 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Axis Bank | 1,186.80 | -2.14 |
| Tata Motors | 698.05 | -2.05 |
| TATA Cons. Prod | 1,120.00 | -1.94 |
| Trent | 4,686.00 | -1.91 |
| Adani Enterprises | 2,542.20 | -1.22 |
Market aftermath: Impact on stocks
Eimco Elecon hits upper circuit on big stake buy
Eimco Elecon surged 20% to hit the upper circuit after veteran investor Vijay Kedia acquired a stake worth ₹11 crore (57,441 shares at ~₹1,906.71 each). The rally reflects elevated investor sentiment, especially given the stock’s past volatility.
Over five days, it jumped ~32%, and over six months, ~58%. Over a five-year span, it’s up by a staggering 619%. Its promoter holdings stand at 74%, giving limited free float (~25%). Its current P/E multiple is about 23.
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Samvardhana Motherson falls amid BMW earnings cut
Shares of Samvardhana Motherson fell ~2% after BMW cut its 2025 earnings forecast, citing weak China sales and margin pressures. Given that ~5% of Motherson’s 2024 revenue was tied to BMW, the downgrade triggered investor worries.
BMW now expects lower pre-tax earnings and trimmed projections for automotive free cash flow. The auto supply-chain link and reliance on global OEMs make Motherson particularly vulnerable to such cues.
Also read: Samvardhana Motherson Q4 result highlights
Gold ETFs hit records amid shifts in investor sentiment
In a sign of growing risk aversion, India’s gold ETFs crossed $10 billion in AUM after record inflows in September. Investors increasingly view gold as a safe harbour amid weak equities and global uncertainties.
- September alone saw an inflow of $902 million into gold ETFs, raising total holdings to 77.3 tonnes.
- Notably, annual inflows in 2025 have already topped $2.18 billion, outpacing prior records.
- Local gold prices also hit a record high (~₹1,22,829 per 10 grams), up ~60% YTD.
This shift to gold may widen India’s trade deficit and weigh on the rupee if strong import demand continues.
Crude oil
Oil futures moved higher Wednesday, supported by data showing a draw in U.S. fuel tenders.
- At 9:55 am IST:
• Brent December up 0.78% to $65.96/bbl
• WTI November up 0.87% to $62.27/bbl
• On MCX, October crude traded at ₹5,538, up 1.06%, while November was ₹5,515 (up 0.99%).
Despite an API report of a 2.78-million-barrel increase in U.S. crude stocks, gasoline and distillates saw declines. The official EIA data is awaited for confirmation.
The EIA also revised its crude outlook upward: global production is expected to climb in 2025–26, potentially creating inventory builds. It projected Brent to average $62/bbl in Q4 2025, and $52/bbl in 2026.
Conclusion
Wednesday’s trade showed that the market is grappling with uncertainty. While pockets of strength in IT and select stocks provided support, the broader indices couldn’t hold up against negative cues.
The standout stories — Eimco Elecon’s stake buy, Motherson’s exposure to BMW, and surging gold flows — underline how sensitive the market is to both domestic and global shifts.
Going forward, it’s going to be about parsing earnings cues, macro data, and global developments. The bulls are alive, but they need more conviction to push things higher.
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