Sensex: down 387.73 points (0.47%) to close at 82,626.23
Nifty50: down 96.55 points (0.38%) to settle at 25,327.05
In the broader market:
- Nifty Midcap 100: +0.04%
- Nifty Smallcap 100: +0.15%
You may also like: Berger Paints stock analysis and expert insights in detail
Impact on the stock market
Sector-wise performance
Sectoral moves defined the day’s story.
- Gainers:
- Nifty PSU Bank: +1.28% (outperformer)
- Nifty Metal, Pharma, Realty: modest gains
- Nifty PSU Bank: +1.28% (outperformer)
- Losers:
- FMCG, IT, Auto, Private Bank indices: down by up to 0.65%
- FMCG, IT, Auto, Private Bank indices: down by up to 0.65%
The sharp reversal in IT and weakness in private banks dragged down benchmarks, offsetting resilience in PSU banks and metals.
| Sector/Index | Performance |
| IT & BPM sector | -0.47% |
| Healthcare sector | 0.17% |
| Oil & Gas sector | 0.42% |
| Real estate sector | 0.55% |
| PSU Bank in India | 1.28% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Adani Enterprise | 2,566.50 | 6.85 |
| Adani Ports | 1,442.40 | 2.10 |
| SBI Life Insurance | 1,845.40 | 1.30 |
| Shriram Finance | 633.90 | 1.12 |
| SBI | 862.90 | 1.00 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| HCL Tech | 1,471.00 | -1.53 |
| M&M | 3,590.20 | -1.43 |
| ICICI Bank | 1,402.20 | -1.37 |
| Titan Company | 3,467.20 | -1.26 |
| Trent | 5,080.00 | -1.24 |
Market aftermath: Impact on stocks
IT stocks tumble on profit booking
The Nifty IT index became the day’s top loser, dropping about 1% to 36,385 after three consecutive sessions of gains.
- HCL Tech led the fall, plunging nearly -2% to ₹1,468.70.
- Coforge & OFSS slipped around -1.4% each.
- Infosys, Persistent Systems, Wipro, Mphasis, TCS were all down by ~1%.
The sell-off came a day after IT stocks had rallied on the back of the US Federal Reserve’s 25 bps rate cut. With expectations of more cuts ahead, IT stocks initially surged on hopes of increased US discretionary spending—but profit booking capped those gains quickly.
Also read: Best Paper Trading Apps in India (2025 Edition)
Redington rallies on iPhone 17 frenzy
Shares of Redington, Apple’s key distributor in India, spiked +9% intraday to ₹314.40 before closing around ₹304.85 (+6%).
- The stock has gained nearly 26% in the last five days, fuelled by the iPhone 17 launch in India.
- Apple’s new line-up—iPhone 17, 17 Pro, 17 Pro Max, and iPhone Air—saw record-breaking pre-orders since September 12.
- With prices starting at ₹82,900, queues outside Apple stores underscored the festive season demand.
Redington’s volumes were massive—nearly 6 crore shares traded, three times the 10-day average. The stock has now rallied 54% in 2025, with its P/E ratio at ~17.
Urban Company soars, Dev Accelerator struggles
The IPO wave brought contrasting fortunes:
- Urban Company: Shares hit ₹182.3 (+7%), extending gains to nearly 77% above IPO price (₹103) within just three days of listing.
- Listed on September 17 at a 57% premium (₹162.25).
- Closed debut day at ₹169 (+64%).
- Analysts see it as a long-term play in India’s home services market, despite margin pressure from heavy investments in rapid service expansion.
- Listed on September 17 at a 57% premium (₹162.25).
You may also read: Urban Company IPO date, review, price, allotment details
Crude oil trades soft
Oil prices eased slightly as geopolitical headlines dominated.
- Brent (Nov futures): $67.29, down 0.22%
- WTI (Oct futures): $63.37, down 0.31%
- MCX crude (Sep futures): ₹5,593, up 0.04%
Trump told Fox News that the US would help “secure peace” after the Russia-Ukraine war, adding pressure on markets already watching US distillate stockpile increases (+4 million barrels).
Other commodities:
- Menthaoil (MCX Sep): ₹987.30, down 0.42%
- Cottonseed oilcake (NCDEX Sep): ₹3,070, up 2.20%
- Castorseed (NCDEX Oct): ₹6,602, down 0.27%
Conclusion
The markets wrapped up the week on a subdued note, weighed down by IT, FMCG, and private banking stocks, even as midcaps and PSU banks showed resilience. Buzzing IPOs like Urban Company, the iPhone 17 launch rally in Redington, and fluctuating crude prices added drama to an otherwise profit-booking-heavy session.
With the Fed’s rate cuts on the global stage and India heading into a festive season, investors will be keenly watching whether this was just a pause—or the start of a deeper correction.
For more stock market insights, check out the StockGro blog.
