Daily Market Commentary : Nifty ended lower by 96 points to close at 25,795 (-0.4%), snapping a 6-day run-up Says Mr. Siddhartha Khemka, Motilal Oswal
Below the Daily Market Commentary for October 24th 2025 By Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Nifty ended lower by 96 points to close at 25,795 (-0.4%), snapping a 6-day run-up. Markets were pressured by US sanctions on Russian oil companies and profit-taking by investors. Sentiment turned cautious as most sectors traded lower, led by weakness in FMCG, healthcare, and private bank indices, each down by 1%. In contrast, Nifty Metal gained 0.9%, tracking a rally in global metal prices after the White House confirmed a meeting between the US and Chinese Presidents on October 30. Hopes of easing trade tensions between the two countries, lifted sentiment in metal stocks. The broader markets reflected consolidation, with Nifty Midcap100 and Smallcap100 falling by 0.4% and 0.3% respectively, as overall market breadth turned negative. Foreign Institutional Investors (FIIs) turned net sellers to the tune of ?1,166 crore on Thursday after five consecutive days of buying, reflecting profit-booking activity; whereas Domestic Institutional Investors (DIIs) remained supportive with net inflows of ?3,893 crore. On the macro front, India’s Composite PMI, fell to 59.9 (five-month low) in Oct’25 from 61.0 in September, as rising output prices weighed on business optimism. Further, investors would watch out for the US retail inflation data for Sep’25 to be released later today, especially to assess its impact on the US Fed’s interest rate decision next week. Markets on Monday would react to the quarterly result of banking heavyweight Kotak Mahindra bank to be announced over the weekend. Overall, we expect Indian equities to remain range bound, tracking global cues, upcoming Q2 results and macro-economic data. FII inflows and upbeat management commentaries could help sustain positive market momentum, though intermittent profit booking cannot be ruled out. Meanwhile, any progress on the India-US trade deal front, could further uplift investor sentiments.
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