Mid-market 28th Oct: Profit booking weighs on markets: Nifty falls 215 pts intraday, metals buck the trend

Market Overview - The equity market is experiencing pressure with broad-based profit-taking after recent gains, leading to a decline in major indices during the domestic earnings season [1] - Nifty fell by 62.20 points or 0.24% to 25,903.85, while Sensex dropped over 550 points, trading at 84,489.98, down 288.86 points or 0.34% [1] Sector Performance - The midcap index declined, while the smallcap index remained flat; most sectors traded negatively, particularly IT, consumer durables, and realty stocks, which saw declines of nearly 1% [2] - Metal stocks gained over 1%, and PSU banks registered modest advances [2] Top Gainers and Losers - Top gainers in Nifty 50 included Tata Steel, SBI Life, JSW Steel, Hindalco, HDFC Life, and Eicher Motors, while Bajaj Finserv, Bajaj Finance, Tech Mahindra, ICICI Bank, and Titan Company were among the biggest decliners [3] Stock Performance - On the National Stock Exchange, 3,065 stocks were traded, with 1,300 advancing and 1,665 declining; 100 stocks remained unchanged [4] - 65 stocks, including Aditya Birla Capital and Canara Bank, reached their 52-week highs, while 40 stocks hit their 52-week lows [4] Active Stocks - 56 stocks were in their upper circuit, and 37 stocks hit the lower circuit; Vodafone Idea, Suzlon, Kalamandir, and Yes Bank were among the most actively traded stocks by volume [6] Midcap and Smallcap Highlights - In the midcap segment, Indus Towers and others surged 2-4%, while Supreme Industries and Vodafone Idea fell 2-4% [7] - Smallcap stocks like Deepak Fertilizers and Welspun Corp gained 2-4%, while Aegis Vopak and others dragged down by 2% [7] Notable Movements on BSE - On the BSE, Cartrade Tech, IDBI, and Netweb Technologies saw significant gains of 7-9%, while Bata India and others fell by 3-4% [8]