Market wrap: ITC, Apollo Hospital, Dr Reddy's Labs, Bajaj Auto top gainers and losers on Nifty and Sensex on Monday
BSE moved lower in an institutional flows development.
· Economic Times Markets, ET Stocks
Indian equity markets ended lower on Monday as rising bond yields and continued FII outflows weighed on sentiment. The Nifty fell 0.70% to 22,363, while the Sensex lost 0.76% to 71,925. FMCG stocks led sectoral losses, while auto stocks gained. Dr Reddy’s and Bajaj Auto topped Nifty gainers.
The analysis
BSE reported movement of 0.70% and 0.76%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.2% on the day at ₹265.60, and has returned -6.8% over three months. It sits 37% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -10.7% over the same period, so ITC is running 3.9 points ahead of its peers.
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it. On the day the stock is +0.2%, so the price barely moved, which suggests this was expected or is seen as immaterial.
Why it matters
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 3 are higher: Dr Reddy leads at +0.5% and Bajaj Auto trails at -0.3%.
- Over three months: ITC -6.8% against FMCG -10.7% (3.9 points ahead); Dr Reddy +18.1% against Pharma & Healthcare -0.9% (19.0 points ahead); Bajaj Auto -9.5% against Auto -7.7% (1.8 points behind).
- At least 25% below the 52-week high: ITC (37%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ITCITC · FMCG | ₹265.60 | +0.2% | +1.1% | -6.8% | -36.8% | 0.7× | — |
| Dr ReddyDRREDDY · Pharma & Healthcare | ₹1,352.00 | +0.5% | +9.7% | +18.1% | -1.7% | 0.8× | — |
| Bajaj AutoBAJAJ-AUTO · Auto | ₹10,350.00 | -0.3% | -4.8% | -9.5% | -16.3% | 1.4× | — |
FMCG
1M -4.9% · 3M -10.7%
ITC
Pharma & Healthcare
1M -0.6% · 3M -0.9%
Dr Reddy
Auto
1M -5.8% · 3M -7.7%
Bajaj Auto
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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