Markets closed lower for the second consecutive session on Thursday, with the Nifty 50 breaching its critical 20-day exponential moving average amid persistent foreign institutional investor (FII) selling and broad-based profit booking.
The Nifty 50 declined 87.95 points or 0.34 per cent to close at 25,509.70, while the BSE Sensex fell 148.14 points or 0.18 per cent to settle at 83,311.01. The weakness was primarily driven by sustained FII outflows, even as domestic investors stepped in to limit deeper losses.
“Foreign investors sold ₹1,067 crore on November 4, taking their 2025 net outflows to nearly ₹1.49 lakh crore,” said Abhinav Tiwari, Research Analyst at Bonanza. “However, domestic institutional investors remained the key support, buying ₹1,203 crore and cushioning the fall,” he added.
Top Gainers
Asian Paints led the advances, surging 4.76 per cent to ₹2,605.00 on strong quarterly performance and robust festive-season demand. Reliance Industries gained 1.62 per cent to ₹1,495.75, while Mahindra & Mahindra (M&M) added 1.02 per cent to ₹3,618.00. UltraTech Cement rose 0.77 per cent to ₹11,906.50, and Tata Consultancy Services (TCS) gained 0.71 per cent to ₹3,011.05 to round out the top five gainers.
Top Losers
Power Grid Corporation was the biggest loser, declining 3.15 per cent to ₹270.20 amid weakness in the utilities segment. Eternal Ltd. slipped 2.44 per cent to ₹305.80, while Bharat Electronics Ltd. (BEL) fell 1.58 per cent to ₹408.55. Bajaj Finance dropped 1.45 per cent to ₹1,041.60, and ICICI Bank eased 1.21 per cent to ₹1,320.40.
Persistent FII selling and global cues kept market sentiment muted, even as domestic inflows provided some near-term support to benchmarks.