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India's equity benchmarks a tad lower as financials, metal stocks drag

ReutersOct 31, 2025 6:19 AM

India's Nifty 50 .NSEI and Sensex .BSESN down 0.3% each

On course for second day of losses on profit booking after U.S. Federal Reserve casts doubt over a December rate cut

Benchmarks up ~4.7% for October, on course for best monthly performance since March

Thirteen of the 16 major sectors drop on the day; broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 flat

Heavyweight financials .NIFTYFIN down 0.7%, biggest contributor to benchmarks' losses on the day

Metal stocks .NIFTYMET fall 0.8%, down for second session after hitting a lifetime high on Wednesday

State-owned banks .NIFTYPSU rise 2%, top sectoral gainers, as Union Bank of India UNBK.NS and Canara Bank CNBK.NS gain after quarterly earnings

Among stocks, NTPC NTPC.NS down 2.3% as weak power demand hurts earnings

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