Indian Stock Market Closing Bell 23rd Oct 2025: Nifty Slips Below 25,900 Amid Profit Booking, Global Uncertainty Weighs
By CapitalKeeper | Closing Bell | Indian Equities | Market Moves That Matter
Indian stock market ended lower on 23rd Oct 2025 as Nifty closed at 25,891.40 and Sensex lost over 590 points. Global weakness, mixed earnings, and FII outflows dragged markets. Read the full closing bell report with sector and global cues.
🛎 Indian Stock Market Closing Bell – 23 October 2025
The Indian equity market witnessed a volatile session on Thursday, 23rd October 2025, as traders booked profits after a strong rally earlier in the week. Despite a gap-up start, the indices gradually lost momentum through the session, weighed by weak global cues and continued foreign investor selling.
At the Closing Bell, the Nifty 50 settled at 25,891.40, down 165.80 points from the previous close, while the Sensex declined by 597.75 points to end at 84,556.40. The Bank Nifty also cooled off, closing 236.50 points lower at 58,078.05, and the Fin Nifty ended marginally in the red at 27,556.65.
📊 Market at a Glance
| Index | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Nifty 50 | 26,057.20 | 26,142.55 | 25,861.30 | 25,891.40 | -165.80 |
| Sensex | 85,154.15 | 85,231.80 | 84,495.12 | 84,556.40 | -597.75 |
| Bank Nifty | 58,314.55 | 58,530.80 | 57,962.20 | 58,078.05 | -236.50 |
| Fin Nifty | 27,689.20 | 27,775.10 | 27,502.80 | 27,556.65 | -132.55 |
💹 Market Narrative: Profit Booking Dominates Ahead of Weekend
After a positive start led by strength in select heavyweights, markets gradually succumbed to profit-taking as traders booked gains ahead of the weekend and global data releases.
The Nifty initially traded above 26,000, but consistent selling pressure emerged in IT, metals, and FMCG names. Banking stocks too gave up early gains, while auto and energy sectors remained relatively resilient.
Analysts noted that the market’s inability to hold above 26,000 signals short-term exhaustion after a strong upward stretch seen since late September.
🌏 Global Market Cues
Global markets offered little support as Asian peers traded mixed amid concerns over U.S. bond yields and weak earnings guidance from tech majors.
- U.S. Futures were slightly negative as investors awaited the release of U.S. GDP and inflation data.
- European markets opened lower, tracking hawkish comments from ECB officials.
- Asian indices like Nikkei and Hang Seng also corrected on fears of slowing Chinese demand.
The Brent crude price remained steady near $89.40 per barrel, while the U.S. dollar index hovered around 105.90, putting pressure on emerging market currencies.
💰 FII & DII Activity
Foreign Institutional Investors (FIIs) turned net sellers, pulling out nearly ₹1,150 crore from Indian equities, citing valuation concerns and global yield pressures.
Domestic Institutional Investors (DIIs), however, absorbed some of the selling, buying equities worth ₹980 crore, primarily in financial and auto segments.
This tug-of-war between FIIs and DIIs continues to keep the short-term market range-bound between 25,800–26,200.
📈 Sectoral Performance
- Banking & Financials: Despite early optimism, profit booking hit major banks like HDFC Bank, ICICI Bank, and Axis Bank, dragging the Bank Nifty lower. PSU banks showed mild resilience.
- IT: The Nifty IT index slipped around 0.8% amid weak global tech sentiment and a stronger dollar outlook.
- Metals: Global demand worries weighed on the metal pack. Stocks like Tata Steel, JSW Steel, and Hindalco saw mild declines.
- Auto: Auto stocks continued their positive momentum ahead of the festive season; Tata Motors and Mahindra & Mahindra ended higher.
- Energy & Infra: Select energy counters remained firm as oil prices stabilized.
- Pharma: Defensive buying supported the sector, with Dr. Reddy’s and Sun Pharma closing in the green.
📊 Technical Overview: Key Levels to Watch
The Nifty faced firm resistance near 26,050–26,100 levels, failing to sustain above this zone.
The immediate support is now placed near 25,850, followed by 25,700.
A decisive close below 25,700 could invite short-term correction, while a rebound above 26,100 may trigger renewed buying momentum.
The Bank Nifty has its critical support near 57,900 and resistance around 58,450–58,600.
Momentum indicators such as RSI (52) and MACD suggest a mild bearish bias in the short term.
🌍 Global & Macro Sentiment
The market mood was also influenced by:
- Rising U.S. Treasury yields nearing 4.8%, signaling prolonged higher-for-longer rate expectations.
- Ongoing geopolitical concerns in the Middle East and Europe.
- Weak Chinese export data adding to concerns over global growth.
Indian investors also turned cautious ahead of the upcoming Q2 corporate earnings, with mixed results expected from IT and banking heavyweights.
🔍 Market Outlook for Friday (24 Oct 2025)
Analysts expect consolidation to continue in the short term as the index digests recent gains.
The Nifty may trade in a narrow range between 25,750 and 26,100.
A breakout above 26,100 could invite a short-term rally towards 26,300–26,400, while a sustained fall below 25,750 may lead to a retest of 25,500 levels.
Market participants should watch global bond yields, crude prices, and FIIs’ behavior closely for directional clarity.
🧩 Conclusion
The Indian stock market on 23rd October 2025 ended in mild correction mode as traders chose to book profits after a sustained bullish run.
While the broader structure remains positive, the near-term trend suggests a pause before the next leg of the rally.
Investors should maintain a selective approach — focusing on quality large-caps and sectors like auto, energy, and pharma, which continue to show relative strength.
Despite the day’s decline, the market undertone remains healthy, supported by strong domestic macro indicators, robust GST collections, and easing inflation trends.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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