Today Stock Market Update 23 Oct 25 :-Indian equity markets extended their winning streak on October 23, 2025, as the Sensex and Nifty posted modest gains despite fading much of their early momentum. The session was marked by strong performances in IT heavyweights, a sharp correction in gold prices, and a distinctly mixed trend across broader indices.
Market Overview: Stocks Edge Up, IT Leads
The Sensex opened on a bullish note, climbing to a new 52-week high above 85,290 before ending the day 130 points higher at 84,556, notching up its sixth consecutive advance. Similarly, the Nifty peaked above 26,100 during intraday trades but closed at 25,891, up 23 points. This continued run has seen the Sensex add over 1,500 points in just six sessions, with the Nifty surging by nearly 750 points in that timeframe. While large-cap IT stocks led gains, broader market indices such as the BSE MidCap and SmallCap closed in the red on negative market breadth—with more decliners than advancers. Profit booking was evident as traders moved to lock in recent gains.[1][2][3]
Gold Prices Plunge: What’s Behind the Crash?
Gold prices in India experienced a dramatic fall, continuing a six-day losing streak. As of today, 24-carat gold dropped by ₹810 per 10 grams to settle at ₹1,25,080, with a staggering ₹8,100 dip per 100 grams in a single day. Since the onset of Diwali, gold prices have shed nearly ₹76,900 per 100 grams, reflecting one of the sharpest short-term corrections in years.
The primary triggers for this rout include profit booking after gold hit record highs, a strengthening US dollar, easing geopolitical tensions in the Middle East, and traders repositioning ahead of the upcoming US Fed interest rate decision. Although gold remains among the top-performing assets of 2025, this correction underscores the precious metal’s sensitivity to global cues and investor sentiment shifts.[4][5][6][7][8]
NSE Top Gainers and Losers of Today Stock Market Update 23 Oct 25
Top Gainers on NSE of Today Stock Market Update 23 Oct 25
- Infosys (+3.6%) – Surged after promoters opted out of the share buyback, boosting market confidence.
- HCL Tech (+3.3%) – Rallied on expectations of a US-India trade pact and robust Q2 results.
- TCS (+2.2%) – Continued strength, tracking sector momentum.
- Axis Bank (+2.9%) – Notable banking performer, extending its recovery.
- Shriram Finance (+2.8%) – Advanced on strong outlook and sectoral optimism.[1][9][10][11][12]
Top Losers on NSE
- Eternal (-3%) – Led declines after lackluster earnings.
- IndiGo (-2.4%) – Weighed down by profit-taking post-results.
- Adani Ports (-1.2%) – Slipped amid sectoral rotation.
- Ultratech Cement (-1.1%) – Declined on subdued demand signals.
- Bharti Airtel (-1%) – Softness despite recent gains.[1][9][10][11][12]
BSE Top Gainers and Losers of Today Stock Market Update 23 Oct 25
Top Gainers on BSE of Today Stock Market Update 23 Oct 25
- Infosys (+4%) – Major boost following positive corporate developments.
- HCL Tech (+3.4%)
- TCS (+2.2%)
- Axis Bank (+2.9%)
- Titan (+1.1%) – Continued to benefit from festive buying trends.[1][3][11]
Top Losers on BSE
- Eternal (-3%)
- IndiGo (-2.5%)
- ICICI Bank (-1%)
- Reliance (-1%)
- Ultratech Cement (-1.1%)[1][3][11]
Broader Market and Sector Performance of Today Stock Market Update 23 Oct 25
IT stocks stole the spotlight, delivering over 2% gains on robust Q2 results and trade optimism between India and the US. In contrast, mid-caps and small-caps struggled as investors rotated into large-caps and pocketed profits from the recent rally. Textiles and shrimp-related stocks saw bright spots on the hope of favorable export orders tied to global trade developments.[1][11]
FAQ – Today Stock Market Update 23 Oct 25
Q1: Why did gold prices fall today despite a strong year so far?
A1: Gold prices dipped sharply due to profit booking at record highs, a strengthening dollar, easing geopolitical tensions, and anticipation of the US Fed’s rate policy.[5][7]
Q2: Which stocks led the gains on NSE today?
A2: Infosys, HCL Tech, TCS, Axis Bank, and Shriram Finance were the top gainers, mainly driven by robust earnings and trade optimism.[9][10]
Q3: What trends are visible in broader markets?
A3: Select large-caps, especially IT names, led the day, while mid- and small-caps saw selling pressure amid negative market breadth.[1][11]
Q4: Has the Sensex or Nifty reached new highs recently?
A4: The Sensex touched a fresh 52-week high above 85,290 today, while the Nifty surged above 26,100 intraday before settling near session lows.[1][3]
Conclusion for Today Stock Market Update 23 Oct 25
October 23, 2025, showcased resilience in India’s equity markets as the Sensex and Nifty extended their uptrend, underpinned by IT sector strength and corporate optimism. Meanwhile, gold’s sharp correction reminded investors of the role of external factors in market dynamics. Stay tuned for more timely, insightful updates every day on APNEWSHUB.[1][3][4][5][10]
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