Sensex: Closed at 82,160, down 466 points (0.56%)
Nifty50: Settled at 25,202, losing 125 points (0.49%)
Volatility made a comeback with India VIX jumping 5.8%, reflecting jittery investor sentiment.
The broader markets also struggled, with Nifty MidCap falling 0.67% and Nifty SmallCap dropping 1.17%.
You may also like: How to Start Trading: A Beginner’s Step-by-Step Guide
Impact on the stock market
Sector-wise performance
Nifty IT plunged 3% – the hardest hit, with tech majors losing ground.
Nifty Pharma slid 1.4% as global trade worries piled on.
Nifty FMCG dipped 0.5%, showing mild weakness.
Nifty Metal offered some relief, gaining 0.5% on optimism in commodities.
| Sector/Index | Performance |
| IT & BPM sector | -2.95% |
| Healthcare sector | -1.07% |
| Oil & Gas sector | -0.06% |
| Real estate sector | -0.36% |
| PSU Bank in India | -0.36% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Adani Enterprises | 2,627.90 | 4.12 |
| Bajaj Auto | 9,133.50 | 1.81 |
| Eternal | 342.15 | 1.66 |
| Adani Ports | 1,450.50 | 1.59 |
| Bajaj Finance | 1,007.00 | 1.47 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Tech Mahindra | 1,505.40 | -3.11 |
| Infosys | 1,492.70 | -3.08 |
| TCS | 3,073.80 | -3.01 |
| Cipla | 1,542.20 | -2.13 |
| Wipro | 250.64 | -2.05 |
Market aftermath: Impact on stocks
Adani Group: From allegations to acceleration
Adani Group stocks extended their sharp rebound after markets regulator SEBI dismissed the Hindenburg allegations of stock manipulation. The cheer was loud:
- Adani Power hit a 15-month high, locked in the upper circuit with a 19.99% jump to ₹170.15.
- Adani Total Gas soared 17.49%, while Adani Green Energy climbed 8.12%.
- Adani Energy Solutions added 5.67%.
- Adani Enterprises advanced 4%, supported by a Jefferies “buy” rating with a ₹3,000 target, implying 25% upside.
Other group firms — NDTV (+3.51%), Sanghi Industries (+3.29%), Adani Ports (+2%), and ACC & Ambuja Cements (+2% each) — also gained. The rally was fuelled not just by SEBI’s clean chit but also by expectations of higher airport tariffs boosting earnings.
Also read: How to Analyse IPO: Step-by-Step Investment Guide
Bajaj Auto: Riding the festive wave
Shares of Bajaj Auto rose 2% to ₹9,156 after the company rolled out its “Festive Hattrick Offer”, sweetening the recent 10% GST cut on motorcycles under 350cc with additional perks:
- 50% financing benefit
- No processing fees
- Free insurance
This festive push slashed the price of the Pulsar NS125 ABS by ₹12,206 and the Pulsar N160 USD by ₹15,759, making the lineup more attractive ahead of the season.
Backed by strong fundamentals — Q1 FY26 profit at ₹2,210 crore (+14% YoY) and revenues at ₹13,133 crore (+10% YoY) — the stock is consolidating between its 52-week low of ₹7,089 and high of ₹12,774, with a current market cap of ₹2.56 lakh crore.
You may also like: Bajaj Auto stock analysis and expert insights in detail
Shrimp exporters: Feeling the pinch
Aquaculture stocks sank after US senators introduced the India Shrimp Tariff Act, targeting alleged dumping by Indian exporters.
- Avanti Feeds slipped 2.5% to ₹715.
- Apex Frozen fell 3.5% to ₹238.
- Coastal Corporation lost over 1%.
The move comes on top of Trump’s broader tariffs, which Andhra Pradesh CM N Chandrababu Naidu estimated caused a ₹25,000 crore hit to India’s shrimp exporters, with up to 50% of orders cancelled. With Andhra Pradesh contributing 80% of India’s ₹21,000 crore shrimp exports, the sector is staring at turbulent waters.
You may also read: What is Economic Analysis in Fundamental Analysis?
Crude oil: Geopolitics driving the rally
Global crude prices edged higher as fresh geopolitical tensions unfolded in Europe and West Asia.
- Brent futures rose 0.63% to $67.10
- WTI futures added 0.61% to $62.78
- On MCX, October crude traded at ₹5,553 (+0.47%)
The spike came after reports of Russian airstrikes near Poland, airspace violations over Estonia, and Germany flagging Russian incursions in the Baltic Sea. The European Commission also unveiled its 19th sanctions package on Russia, targeting energy traders and petrochemical firms.
Commodities followed suit:
- Natural gas October futures: up 0.78% to ₹284.40
- Turmeric contracts: up 0.52% to ₹12,400
- Cottonseed oilcake December futures: up 0.34% to ₹2,914
Conclusion
It was a day of sharp contrasts for Indian markets. On one hand, Trump’s visa shockwave rattled IT and pharma stocks, sending indices lower. On the other, Adani stocks roared back with double-digit gains, Bajaj Auto accelerated festive cheer, and commodity markets tracked global tensions.
For investors, the message is clear: volatility is here to stay. Global policies, geopolitical risks, and domestic catalysts are all converging to shape the market’s next leg. While IT and shrimp exporters brace for headwinds, metals, autos, and Adani firms are scripting their own comeback stories.
For more stock market insights, check out the StockGro blog.
