Sensex, Nifty ease on profit booking; Metals, PSU banks resilient | 28 Oct 2025
Indian equities pulled back on October 28 as traders booked profits after a powerful rally, with Sensex and Nifty declining sharply. Metals and PSU banks remained firm amid sector-specific catalysts, but volatility surged as India VIX jumped.
Sensex, Nifty Ease on Profit Booking; Metals, PSU Banks Resilient | 28 October 2025, 11:02 AM IST
Markets opened lower as profit booking set in after last session’s sharp rally. Sensex dropped 411.77 points to 84,367.07 and Nifty fell 104.35 points to 25,861.70. Bank, IT, and midcap indices declined; however, metals and PSU banks showed resilience amid hopes for regulatory changes and global trade optimism. Volatility spiked with India VIX up over 6%, indicating traders should stay watchful for swings as expiry approaches.
Snapshot – 11:02 AM IST, 28 October 2025
| Index | Price | Change | % Chg |
|---|---|---|---|
| SENSEX | 84,367.07 | -411.77 | -0.49 |
| NIFTY 50 | 25,861.70 | -104.35 | -0.40 |
| NIFTY BANK | 57,814.65 | -299.60 | -0.52 |
| NIFTY IT | 35,857.80 | -271.30 | -0.75 |
| India VIX | 12.58 | 0.72 | 6.07 |
| NIFTY Midcap 100 | 59,647.30 | -132.85 | -0.22 |
| NIFTY Smallcap 100 | 18,407.85 | 4.80 | 0.03 |
Latest News & Trends
- Profit taking hits major indices as traders book gains post-record run; expiry and global uncertainty drive caution.
- Metal stocks resilient on global demand optimism; Tata Steel leads segment.
- PSU Banks advance on hopes RBI may hike FII shareholding limits; potential inflows seen for SBI , Bank of Baroda , and PNB .
- Volatility spikes as India VIX jumps 6% ahead of expiry and Federal Reserve rate announcement.
- Gold prices ease modestly as festive/wedding buying continues, but global trade optimism keeps demand steady.
Predictions & Watch Outs
- Nifty faces support at 25,800, resistance at 26,100–26,277; stay nimble as expiry and FOMC event approach.
- Sector focus: Metals, PSU banks, select defensives; caution on IT, financials in near term.
- Trade strategy: Lock in gains; monitor VIX and global cues for trend reversals or short covering spikes.
