Mumbai: On 8 October 2025, the Indian stock market concluded on a negative note with benchmark indices declining, while midcap stocks experienced pronounced volatility. Despite the overall market weakness, certain midcap counters posted sharp rallies, contrasting steep drops in other segments and highlighting the divergent investor sentiment.
Nifty 50 Closes Lower as Broader Indices Retreat
The Nifty 50 index ended at 25,046.15, falling by 62.15 points or 0.25% compared to the previous session. After opening at 25,079.75, the index swung between a high of 25,192.50 and a low of 25,008.50, reflecting market uncertainty. Other major indices joined the slide, with Nifty Next 50 down 0.77%, Nifty Fin Service dropping 0.45%, and Nifty Bank closing with a 0.39% loss.
Top Gainers: Strong Buying in Select Midcaps
Despite the weak market backdrop, several midcap stocks soared 20%, hitting their respective upper circuits:
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HERCULES finished at ₹208.65 (+₹34.77; +20%) with a robust turnover of ₹8.98 crore.
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ESSARSHIPNG gained ₹5.59 to close at ₹33.54 (+20%), backed by high trade volumes of 28.84 lakh shares. -
EIMCOELECO was among the most notable performers, surging ₹383.50 to ₹2,301.00 (+20%) and generating a turnover of ₹388.91 crore.
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KEYFINSERV and KALYANIFRG also recorded 20% gains amid strong investor demand.
This outperformance underscores selective optimism in the midcap segment, driven by stock-specific news and momentum trades.
ESSARSHIPNG gained ₹5.59 to close at ₹33.54 (+20%), backed by high trade volumes of 28.84 lakh shares.Top Losers: Sharp Declines in Specific Stocks
A few stocks recorded steep declines, with losses ranging from 7% to more than 38%:
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3IINFO-RE cratered 38.70% to ₹1.60 on considerable trading activity.
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AAATECH sustained another double-digit loss, dropping 10% to ₹101.60.
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KIOCL remained under selling pressure, falling 8.59% to ₹516.95 with a massive traded value of ₹274.62 crore.
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AGIIL and INDBANK were also among notable laggards, posting single-digit losses amidst heightened volatility.
Such sharp corrections reflect profit-booking pressures and risk aversion in specific pockets.
KIOCL remained under selling pressure, falling 8.59% to ₹516.95 with a massive traded value of ₹274.62 crore.Conclusion: 8 October 2025
The Indian equity market on 8 October 2025, was marked by benchmark indices slipping into negative territory amid heightened volatility among midcaps. Stock-specific rallies and declines dictated the trading action, pointing to cautious investor sentiment and an emphasis on selective opportunities. Going forward, close monitoring of company developments and macroeconomic cues will be critical for market participants.
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