Sensex drops 519 pts, Nifty below 25,600 amid muted earnings

The domestic share market indices declined on Tuesday, with the Nifty slipping below 25,600 as broad-based selling weighed on sentiment, except in telecom and consumer durable stocks.At close, the Sensex was down 519.34 points or 0.62 percent at 83,459.15, and the Nifty was down 165.70 points or 0.64 percent at 25,597.65. 
Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, M&M were the top gainers on the Nifty, while losers included Power Grid Corp, Coal India, Tata Motors Passenger Vehicles, Bajaj Auto, Eternal.On the sectoral front,except consumer durable and telecom, all other sectoral indices ended in the red with IT, auto, FMCG, metal, power, realty, PSU indices down 0.5-1%.BSE midcap index fell 0.2% and smallcap index shed 0.7%.
The market will remain shut on November 5 on account of Prakash Gurpurb Sri Guru Nanak Dev (Guru Nanak Jayanti).
Rupee Close: 
On 4 Nov'25,the Indian rupee recovered from the record low level and settled with a gain of 11 paise at 88.66 against the US dollar on Tuesday boosted by falling crude oil prices overseas.Forex traders said a firm dollar, outflow of foreign funds and subdued domestic equity markets prevented a sharp gain in the Indian currency.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,Indian equity markets ended lower, tracking weak global cues and broad-based selling, particularly across IT, metal, and power sectors. Investor sentiment remained subdued ahead of the holiday-shortened week. FIIs extended their selling streak for the fourth consecutive session, as rising U.S. bond yields and waning expectations of a near-term Fed rate cut curtailed risk appetite.Nonetheless, India’s macroeconomic fundamentals remain resilient, with strong manufacturing PMI and robust GST collections—despite recent tax reductions—underscoring sustained economic momentum and supporting earnings upgrades in the coming quarters. We expect investors will continue to exercise the buy on dips strategy in expectation of improvement in trend going forward.
Market experts recommended five shares to buy on Tuesday-PDS, Zota Health Care, Remsons Industries, Acutaas Chemicals, and Vijaya Diagnostic Centre.

(Business Correspondent)