Indian Markets Hold Ground as IT Stocks Power Gains
Mumbai, October 28, 2025 — Indian equity markets closed flat today as traders booked profits after a strong rally last week. While the IT sector provided support following upbeat quarterly results from Tata Consultancy Services (TCS) and Infosys, banking and energy counters faced mild selling pressure.
At the close, the BSE Sensex ended at 78,542.15, down just 14.56 points, while the NSE Nifty 50 settled marginally lower at 23,675.20.
💻 IT Sector Steals the Spotlight
The star performers of the day were the IT majors, with TCS rising 2.1%, Infosys climbing 1.8%, and Wipro adding 1.5%. Analysts said that renewed optimism around global tech demand and improving U.S. enterprise spending boosted sentiment.
“The IT index is witnessing strong institutional buying on improved earnings guidance for FY26. The rupee’s stable trend has also aided the sector,” said Ruchita Maheshwari, Senior Research Analyst at JM Financial.
Mid-tier firms like LTIMindtree and Persistent Systems also saw renewed investor interest, with gains of around 1–1.2%.
🏦 Profit Booking in Banks and Energy Stocks
On the flip side, banking heavyweights such as HDFC Bank, ICICI Bank, and Kotak Mahindra Bank witnessed mild profit-taking after a week-long rally. The Bank Nifty slipped 0.4% to close at 51,320.
Energy and oil stocks, including Reliance Industries and ONGC, also declined amid weak global crude cues. Brent crude slipped below $81 a barrel, pressuring sentiment in the energy space.
🌏 Global Cues and Investor Sentiment
Globally, markets traded cautiously as investors awaited the outcome of the upcoming U.S. Federal Reserve meeting later this week. Asian markets were mixed, while European indices opened higher in early trade.
“Markets are likely to remain range-bound until the Fed provides clarity on its interest rate outlook. Investors are also eyeing India’s October inflation data due next week,” said Ajay Bagga, market expert.
💡 Market Outlook for the Week Ahead
Analysts believe the near-term market trend will depend on corporate earnings, global bond yields, and foreign fund flows. While short-term volatility may persist, India’s macroeconomic fundamentals remain strong.
The India VIX, the volatility gauge, edged slightly higher to 11.85, signaling cautious sentiment among traders.
🖼️ Image Alt Text: “Traders watch stock prices as Sensex and Nifty end flat — IT stocks lead gains, October 28, 2025.”
🧠 Image Generation Prompt:
A realistic image showing a stock exchange trading floor in Mumbai with electronic screens displaying Sensex and Nifty indices. Focus on upward-pointing green arrows for IT stocks and subdued red bars for energy and banking sectors. Include a digital ticker showing ‘Sensex 78,542 | Nifty 23,675’.
