Closing Bell 30th Oct: Nifty 50 down by 0.68%, Sensex by 0.70%

The Indian stock market ended in the red on Thursday. The Nifty 50 started the day at 25,984.40, reached a high of 26,032.05, and closed at 25.877.85, down by 0.68%. Similarly, the BSE Sensex opened at 84,750.90, reached a high of 84,906.95, and ended at 84,404.46, down by 0.70%.Reasons for the negative sentimentThe markets declined due to several reasons:The investors booked profits in the recent rally.Foreign institutional investors pulled their funds from the Indian markets.Though the Fed delivered a 25 bps rate cut, it signalled that there won’t be further rate cuts this year.Nifty 50 Chart TodaySensex Chart TodayMajor Indices Today IndicesLTPPrev closeChangeNifty 5025,877.8526,053.90-0.68%BSE Sensex84,404.4684,997.13-0.70%Next 5070,082.5570,238.45-0.22%Bank Nifty58,031.1058,385.25-0.61%Fin Nifty27,376.0027,587.65-0.77% Both the Nifty and Sensex closed in the red, led by losses in banking, IT and pharma sectors.The Nifty Next 50 was in red, dragged by the losses in Pharma, metals and FMCG sectors. The Bank Nifty traded lower after profit-taking following the recent rally, and the Fed signalled no further rate cuts.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT35,906.4036,090.10-0.51%Nifty Auto26,829.5526,948.90-0.44%Nifty FMCG56,343.5056,615.35-0.48%Nifty Pharma22,298.2022,430.70-0.59%Nifty Healthcare14,825.9014,931.05-0.70%Nifty Oil & Gas11,981.4011,995.95-0.12% Nifty IT ended in the red after foreign outflows and a cautious global environment.Nifty Auto continued to trade lower after news that global automakers had reduced production due to the semiconductor chip shortage.Nifty FMCG dropped after losses in ITC amid muted earnings expectations, and United Breweries shares fell on weaker Q2 profits.Nifty Pharma traded in red after Dr Reddy's shares fell on a non-compliance notice and Cipla shares fell on concerns about a management change.The Nifty Oil & Gas index traded lower on weak global cues and weak demand signals.Market Movers TodayDr Reddy’s Laboratories' share price dropped by 6% after the company received a non-compliance notice from Canada's drug regulator regarding its Semaglutide Injection, used to treat type 2 diabetes.Adani Energy Solutions shares rose 7% after ICICI Securities, Jefferies, and Elara Capital issued bullish calls on the stock.ITC shares dropped by 0.7% as analysts expect the company to report muted net profit growth in Q2.The shares of Oil marketing companies, namely Indian Oil, HPCL, and BPCL, rose by 6% and more than 2%, respectively, as global oil prices continued to decline, benefiting the OMCs.Top Gainers Company NameLTPPrev CloseChangePB Fintech1,844.501,723.407.03%Bharat Heavy Electricals261.29245.396.48%IIFL Finance541.65523.003.57%Oil India434.75420.503.39%Canara Bank132.89128.773.20% Top Losers Company NameLTPPrev CloseChangeVodafone Idea8.739.36-6.73%LIC Housing Finance570.45593.45-3.88%Dr Reddy's Laboratories1,202.201,250.90-3.89%Indian Energy Exchange143.55148.66-3.44%Union Bank of India142.32146.12-2.60% 52W High Stocks Company NameLTP52W highChangeState Bank of India934.35944.90-0.57%Larsen & Toubro3,987.504,062.000.74%Indian Oil Corporation163.51167.100.26%Bharat Petroleum357.60359.802.73%Shriram Finance738.25747.85-0.03% 52W Low Stocks Company NameLTP52W lowChangeClean Science & Technology1,015.001,012.70-3.29%Seshaasai Technologies370.30362.55-1.11%Apollo Pipes300.10297.75-3.16%Kody Technolab574.00566.00-1.14%Suraj280.45278.20-3.41% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea8.739.36-6.73%Yes Bank22.2322.69-2.03%Canara Bank132.78128.773.11%Bharat Heavy Electricals261.29245.396.48%GMR Airports94.4792.971.61% IPOsStudds Accessories IPO opened today on the NSE and will close on 3rd November. The price band set is ₹557 to ₹585.Orkla IPO is open on the BSE and will close on 31st October. The price band set is ₹695 to ₹730.Market AnnouncementsUnited Breweries shares dropped by 4% after the company posted a consolidated profit of ₹46.34 crore for Q2 FY26, down by 64% YoY.Hindustan Petroleum shares rose by 1% after the company reported a standalone net profit that rose more than sixfold at ₹3,830.37 crore in its Q2 earnings.References:Global Auto Industry Faces Production Cuts as China Blocks Dutch Chip ExportsCipla says Achin Gupta to replace Umang Vohra as Cipla MD, global CEO from April 1; shares fall 4%Dr Reddy's Labs falls 6% after firm gets non-compliance notice for semaglutide in CanadaAdani Energy Solutions shares jump up to 7% on bullish brokerage callsITC shares down marginally ahead of Q2 results; here's what analysts expectIndian Oil, HPCL, BPCL shares rise up to 6% as oil prices extend declineQ2 results impact: HPCL rises 1% as net profit surges over six-fold, United Breweries falls 4% as PAT declines 64%

Closing Bell 30th Oct: Nifty 50 down by 0.68%, Sensex by 0.70%

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