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Markets End October on a Cautious Note; IT and Pharma Outperform Amid Mixed Global Cues | BNP Paribas Mutual Fund

Markets End October on a Cautious Note; IT and Pharma Outperform Amid Mixed Global Cues

Indian Developments

Indian equity markets closed the week on a muted note after a volatile session, as investors weighed mixed global signals and quarterly earnings. Benchmark indices oscillated within a narrow range, with IT and Pharma sectors providing support while Metals and PSU Banks saw profit booking.

Sensex ended at 84,112, down 0.28%, while Nifty 50 settled at 25,722, gained by 0.65% for the week. Midcap index down by 0.48%, while Small cap index fall by 0.39%, indicating selective buying in broader markets.

INR traded near ?88.70 per USD, showing depreciation amid global dollar strength. Brent Crude slipped to $64.55 per barrel, down 2.1% on demand concerns.

Sectoral Developments

IT and Pharma led gains, supported by strong Q2 results and defensive positioning.

Metals and PSU Banks witnessed profit booking after recent rallies.

FMCG remained range-bound, while Auto stocks saw mild weakness post festive season demand normalization.

Global Developments

Global markets reflected caution as US indices ended mixed ahead of key macro data and Fed commentary.

  • Dow Jones: 46,812 (-0.72%)
  • NASDAQ: 17,248 (+0.18%)
  • S&P 500: 6,721 (-0.45%)

Europe: FTSE 100 and CAC 40 posted modest gains, while DAX slipped slightly.

Asia: Nikkei gained 0.92%, Hang Seng rose 0.35%, Shanghai Composite ended flat.

Other Markets:

  • Brent Crude: $64.55 per barrel
  • Rupee ended the week at ?88.70 against the US dollar
  • 10-Year Benchmark Yield: 6.59%
  • Gold prices closed at Rs 1,20,395 per 10 grams.

Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.

Data for week ended on October 31 , 2025.

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