The Indian stock market saw another choppy day on October 30, reflecting the mood that has been building for weeks — a market trying to move forward, yet constantly pulled back by global signals.
And today, the trigger came straight from the US.
Hopes of a Fed rate cut beyond the latest move took a hit, and that ripple travelled all the way to Dalal Street. What followed was a steady decline across benchmark indices, leaving traders closely tracking every number flashing on the screen.
Let’s walk through the day in a simple, story-like breakdown while staying rooted in the exact data from the reference.
Market Performance: Benchmarks Face Sharp Pullback
The broader stock market today mirrored global weakness. Concerns around the US Federal Reserve’s stance weighed heavily on sentiment in the Indian stock market.
By the end of the session:
- Sensex dropped 593 points (0.70%) to 84,404
- Nifty 50 closed at 25,878, down 176 points (0.68%)
Interestingly, the overall pressure did not spill evenly across all segments. The broader market held up far better:
- BSE Midcap: unchanged
- BSE Smallcap: dipped only 0.06%
This split between frontline indices and broader markets shaped the tone for the day.
Main News: Why Did the Market Fall Today?
The decline was tied closely to global cues. The US Federal Reserve did cut rates by 25 bps, which was widely expected. However, the commentary around what comes next carried more weight than the rate cut itself.
The cautious undertone from policymakers dampened the appetite for riskier assets. With hopes fading for continued easing, the sentiment across emerging markets — including India — leaned risk-off.
Domestic factors also added a layer of volatility:
- mixed Q2 earnings
- F&O expiry pressures
Together, these played into the day’s pullback across benchmark indices.
Indian Stock Market: Key Movements & Activity Snapshot
With markets reacting sharply, here are the major highlights from stock market today — crisp, numeric, and easy to scan:
Top Nifty 50 Gainers
Only 10 stocks managed to close in the green.
Some of the notable gainers included:
- Coal India: +1.58%
- L&T
- Hindalco
- BHEL
- Nestle India
Top Nifty 50 Losers
As many as 40 stocks ended lower.
Major losers included:
- Dr Reddy’s Labs: –3.79%
- Cipla: –2.54%
- HDFC Life
- IndiGo
- Bharti Airtel
Most Active Stocks
Stocks with heavy trading interest today included:
- Vodafone Idea: 241 crore shares traded
- Sagility India
- Canara Bank
- Suzlon
- YES Bank
Volumes for these names ranged between 8 crore to 55 crore.
Stocks Rising Over 10%
On the NSE, six stocks surged more than 10%, with the highest performers jumping up to 20%. Others advanced as much as 15.9%.
Stocks Falling Over 10%
Four stocks dropped sharply by more than 10%, with the steepest decline at 19.27%.
52-Week Highs & Lows
- 78 stocks hit fresh 52-week highs
- 39 stocks touched 52-week lows
This mix shows a market still filled with pockets of strength despite the headline weakness.
Advance-Decline Ratio
Market breadth stayed negative:
- 1,321 stocks advanced
- 1,748 stocks declined
- 109 remained unchanged
The numbers clearly leaned in favour of sellers.
Summary: Indian Stock Market Ends Lower as Global Cues Dominate
The Indian stock market today closed on a weak note, dragged by global pressure after the US Fed signaled a more cautious outlook on future rate cuts.
The benchmark indices — Sensex at 84,404 and Nifty today at 25,878 — reflected the sentiment with a notable decline.
Easy & quick
Leave A Comment?