Sensex, Nifty dip amid IT weakness; Banks hold ground | 17 Oct 2025
Markets opened lower on 17 October with Nifty and Sensex slipping as IT stocks corrected sharply amid profit booking. Banks sustained near-term support while volatility rose with India VIX up 2.21%. Investors monitor global banking risks and trade tensions for cues, favoring defensive sector
Sensex, Nifty Dip Amid IT Weakness; Banks Hold Ground | 17 October 2025, 9:22 AM IST
Indian equity indices opened slightly lower with Sensex down 88.47 points to 83,379.19 and Nifty slipping 32.65 points to 25,552.65. The IT sector faced profit booking and led decliners with Nifty IT down 1.18%, while banking stocks held steady amid positive Q2 results. Volatility edged higher as India VIX rose 2.21%, signaling increased market caution amid mixed global cues and sector rotation.
Snapshot – 9:22 AM IST, 17 October 2025
| Index | Price | Change | % Chg |
|---|---|---|---|
| SENSEX | 83,379.19 | -88.47 | -0.11 |
| NIFTY 50 | 25,552.65 | -32.65 | -0.13 |
| NIFTY BANK | 57,305.85 | -116.70 | -0.20 |
| NIFTY IT | 35,111.25 | -419.80 | -1.18 |
| India VIX | 11.11 | 0.24 | 2.21 |
| NIFTY Midcap 100 | 59,065.30 | -175.85 | -0.30 |
| NIFTY Smallcap 100 | 18,139.60 | 7.75 | 0.04 |
Latest News & Trends
- IT sector dragged down by profit booking after recent gains; Wipro and Infosys among losers.
- Banking stocks relatively stable, supported by recent strong earnings and positive fund flows.
- Midcap index down amid rotation pressure; smallcaps hold marginal gains.
- Global markets cautious amid concerns over US banking sector and trade developments.
- India VIX rise indicates increased volatility expectations in the near term.
Predictions & Watch Outs
- Nifty critical support at 25,400–25,350; resistance near 25,650–25,700.
- Sector focus: Defensive play favored with selective buying in banks, avoid further IT weakness.
- Trade strategy: Adopt cautious stance with tight stops; look for oversold bounce potential in IT stocks.
