Stock Market News: Sensex Slips Nearly 300 Points, Nifty Stays Above 25,100 Amid Broad-Based Selling

Stock Market News: Sensex and Nifty extended losses for the second straight day on October 14. The indices slipped amid a muted start to the Q2 results and weaker-than-expected inflation data, leading to broad-based sectoral losses. The BSE Sensex closed at 82,029.98, down by 297.07 points or 0.36 per cent. The Nifty 50 finished the session lower by 81.85 points or 0.32 per cent at 25,145.5.

Broad-based weakness was seen across sectors, along with notable declines in PSU banks, consumer durables, metals, realty, and oil and gas. The weakness followed weak global cues, such as a dampening of investor sentiment amid US-China trade tensions.

Dr Reddy Laboratories and Tata Steel Lead Losers

Shares of Dr Reddy Laboratories and Tata Steel were the worst-performing Nifty 50 stocks, finishing lower by 2.17 per cent and 2.14 per cent, respectively. Other major losers included Bajaj Finance Ltd, Bharat Electronics Ltd, and Trent Ltd, which ended the session with declines of 1.9 per cent, 1.77 per cent, and 1.66 per cent, respectively.

Nifty Metal and Nifty Consumer Durables Decline

On the sectoral front, the Nifty Metal and the Nifty Consumer Durables indices declined the most, closing lower by 0.99 per cent and 1.08 per cent, respectively. Broader market indices underperformed the headline indices, as the Nifty MidCap 100 and the Nifty SmallCap 100 closed lower by 0.75 per cent and 0.99 per cent, respectively.

Global Markets On October 14

Asian market indices finished lower on October 14 amid rising global uncertainty. The Nikkei 225 closed at 46,673.00 down by 1,415.8 points or 3.03 per cent. Other Asian indices also finished lower, the Hang Seng, KOSPI and Shanghai Composite finished the session lower by 1.81 per cent, 0.64 per cent and 0.63 per cent respectively.

Primary Market Action

Shares of Mittal Sections Ltd and LG Electronics India Ltd made their D-street debut on the exchanges on October 14. SME public issues such as Sihora Industries IPO and SK Minerals & Additives IPO closed for bidding. On the mainboard, Canara HSBC Life Insurance Co IPO closed for subscription as well.

Market Outlook

D-street is expected to factor in any future developments which can ease ongoing global tensions. At the macro-level any progress in the India-US trade talks or the India-EU FTA can bolster investor sentiment. On the other hand, stock specific action continues to remain in focus as the Q2FY26 earning session progresses.