The Indian stock market saw positive momentum on October 23, 2025, with benchmark indices posting steady gains and significant action witnessed in select midcap and smallcap counters. While the broader market showed resilience, a few individual stocks logged exceptional price moves, both upward and downward.
Nifty 50 Surges: Market Overview
The Nifty 50 index advanced by 204.95 points, or 0.79%, to close at 26,073.55 by 09:49 IST. The index opened at 26,057.20 and touched an intraday high of 26,095.70, with a low of 25,991.70. Other key indices such as Nifty Next 50, Nifty Financial Services, and Nifty Bank also recorded robust upticks, reflecting broad-based buying across sectors.
Top Gainers: Smallcaps and Midcaps Outperform
Certain smallcap and midcap stocks stole the limelight with dramatic surges. Coastcorp led the gainers, rallying 19.98% to Rs. 44.80, with heavy volume of 24.76 lakh shares. Kitex and Bhageria clocked impressive gains of over 12%, with Bhageria closing at Rs. 218.18 and posting a value trade of Rs. 29.38 crore. Lotteys and NECC also saw double-digit percentage gains, underscoring investor interest in select value picks.
| Symbol | LTP | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|
| COASTCORP | 44.80 | 19.98% | 24.76 | 11.04 |
| KITEX | 209.50 | 12.16% | 26.45 | 55.37 |
| BHAGERIA | 218.18 | 12.08% | 13.79 | 29.38 |
| LATTEYS | 34.57 | 12.53% | 6.73 | 2.29 |
| NECCLTD | 22.90 | 12.53% | 4.56 | 1.04 |
Sharp Declines in Select Stocks
Contrasting the broader uptrend, a handful of stocks suffered steep losses. CAPTRU-RE1 tumbled 24.57% to Rs. 5.31, while Kernex slumped 7.48% to Rs. 1,232.20. Gold and silver-backed instruments like IVZINGOLD and GROWWGOLD also faced significant pressure, declining over 6%, likely reflecting global commodity trends and risk-off sentiment among retail investors.
| Symbol | LTP | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|
| CAPTRU-RE1 | 5.31 | -24.57% | 0.54 | 0.03 |
| KERNEX | 1,232.20 | -7.48% | 0.87 | 11.17 |
| GROWWGOLD | 117.36 | -6.60% | 7.29 | 8.48 |
| IVZINGOLD | 10,390.00 | -6.45% | 0.01 | 0.73 |
| GROWWSLVR | 139.94 | -6.24% | 6.33 | 8.86 |
Sectoral and Sentiment Analysis
The broad-based gains in Nifty indices suggest renewed risk appetite and confidence, bolstered by steady domestic flows. However, high volatility in select scrips points towards continued speculation and profit booking in small and midcaps. Additionally, precious metals and select PSU counters faced headwinds, likely reflecting global trends and sectoral rebalancing.
Conclusion: October 23, 2025 (opening)
This day reaffirmed the resilience of Indian equities, with key indices notching up solid gains and several smallcaps outperforming on high volumes. Nonetheless, sharp declines in a few counters highlighted the underlying volatility and need for investor caution, especially in speculative names.
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