Closing Bell 30th Oct: Nifty 50 down by 0.68%, Sensex by 0.70%
Indian markets slipped into the red on Thursday as global cues turned cautious after the Fed hinted at no more rate cuts this year. Banking, IT, and pharma sectors dragged indices lower, while Adani Energy and Oil India stocks outperformed amid high trading volumes and strong brokerage upgrades.

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 sentiment
The 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 Today

Sensex Chart Today

Major Indices Today
- 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
- 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 Today
- Dr 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
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPOs
- Studds 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 Announcements
- United 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 Exports
- Cipla 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 Canada
- Adani Energy Solutions shares jump up to 7% on bullish brokerage calls
- ITC shares down marginally ahead of Q2 results; here's what analysts expect
- Indian Oil, HPCL, BPCL shares rise up to 6% as oil prices extend decline
- Q2 results impact: HPCL rises 1% as net profit surges over six-fold, United Breweries falls 4% as PAT declines 64%












