Daily Market Wrap – Oct 28, 2025

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🐻 Indian benchmark indices snapped their winning streak, closing in the red as traders booked profits in high-flying consumer and IT stocks. The Sensex fell by about 150 points, and the Nifty settled below the 25,950 mark.

🐂 PSU Banks were the stars of the session, surging on reports that the government may raise the foreign institutional investment (FII) limit to 49%. The prospect of up to $4 billion in potential inflows fueled strong buying interest in state-owned lenders.

🐂 The metals sector continued its powerful rally for the fifth straight day. Gains were driven by optimism over U.S.-China trade progress and strong global prices, with stocks like Hindalco and Vedanta seeing healthy advances.

🐂 On the earnings front, TVS Motor reported a stellar quarter, with its consolidated net profit zooming 42% year-on-year to Rs 833 crore, supported by a 25% jump in revenue and record sales volume.

🐻 The earnings season also delivered some disappointments. NIIT Ltd saw its consolidated net profit plunge by 88% for the September quarter, highlighting the mixed performance across different corporate segments.

Today’s session was a classic tale of rotation. While the headline indices retreated under the weight of profit-taking in recently favored sectors, the underlying sentiment was far from weak. A significant policy trigger sent PSU banking stocks soaring, while the momentum in the metals space shows continued belief in the cyclical recovery. This divergence suggests that investors are actively reallocating capital from overbought counters to sectors with fresh catalysts. The market appears to be consolidating, rewarding stock-specific strength while punishing weak earnings.

Until tomorrow.

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