India stocks were lower after the close on Friday, as losses in the Oil & Gas, Consumer Durables and Public Sector Undertakings sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.90% to hit a new 1-month low,

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly 2 points from the Nifty futures’ previous close.

On October 25, 2024, the Indian stock market faced significant turbulence as the Sensex and Nifty opened flat but quickly slid into negative territory, primarily driven by a combination of disappointing earnings reports and ongoing foreign outflows.

Indian benchmark equity indices BSE Sensex and Nifty 50 opened marginally higher but pared their gains seconds later on Friday.

Bajaj Auto, UltraTech Cement, Shriram Finance, Titan, Grasim and Mahindra and Mahindra were among the top gainers on the Nifty index. Hindustan Unilever, SBI Life, Hindalco, Nestle India and Bajaj Auto were among the top losers.

FMCG stocks remained under pressure in today's trade as the weak earnings announcements by companies fueled concerns about the overall health of the sector.