Final hour profit booking drags Nifty to 25,509; media, metal down

The domestic share market ended lower on Thursday as profit-booking emerged across sectors after October’s sharp upmove. Weakness in banking and metal shares weighed on the Sensex and Nifty, while midcap and smallcap indices saw intensified selling.At close, the Sensex was down 148.14 points or 0.18 percent at 83,311.01, and the Nifty was down 87.95 points or 0.34 percent at 25,509.70. 
Asian Paints, Interglobe Aviation, M&M, Reliance Industries, UltraTech Cement were top gainers on the Nifty, while losers included Hindalco, Grasim Industries, Adani Enterprises, Power Grid Corp and Eternal.On the sectoral front, metal, power, realty, media were down 1.5-2.5%. However, FMCG, auto and IT ended with marginal gains.BSE Midcap index fell 1.2%, and smallcap index shed 1.5%.
Rupee Close:
On 6 Nov'25,the Indian rupee appreciated 8 paise to close at 88.62 against the US dollar on Thursday amid a weak American currency and lower level of crude oil prices overseas.Positive sentiment in domestic equity markets also supported the Indian currency even though selling pressure from foreign investors prevented a sharp gain, forex traders said.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, volatility dominated the domestic market, with broad-based profit booking seen amid continued FII outflows, despite supportive Asian market. Early optimism from the inclusion of four Indian companies in the MSCI Global Standard Index and strong U.S. macro data was offset by weak domestic PMI readings, indicating softening sentiment.Most sectors traded lower, though IT stocks remained resilient, supported by in-line earnings and improvement in US macro data.Amid overall caution, selective buying emerged in fundamentally strong companies due to better-than-expected Q2 earnings.
Market experts recommended five stocks to buy on Thursday-Anand Rathi Share and Stock Brokers, Indraprastha Medical Corporation, Sharda Motor Industries, MTAR Technologies, and Precision Wires India.

(Business Correspondent)