Stock Market Today | Sensex, Nifty open lower today, bank stocks retreat from post-RBI policy highs

Nifty Bank emerged as the biggest loser among indices, dragging Nifty 50 down by as much as 0.25%. Elsewhere, the WeWork India IPO is now open for subscription.

India's stock market opened lower today, as bank stocks retreated, giving up some of the gains from RBI's status quo on repo rate and new lending norms.

The National Stock Exchange building in Bandra Kurla Complex, Mumbai.(Livemint)

At 10:10 am on Tuesday (3 October 2025), the Nifty 50 was down 0.15% while the BSE Sensex was trading 100 points lower.

Nine of the 16 major sectors logged losses at the open. Financials lost 0.4%, dragging the benchmark indexes. They had gained 1.4% after Reserve Bank of India's monetary policy decision. Consumer and auto stocks fell 0.3% and 0.5%, respectively. The broader small-caps and mid-caps gained 0.4% and 0.2%, respectively.

"The positive impact of RBI's initiatives to boost credit growth in the economy is unlikely to sustain in the context of the sustained foreign selling in the market," V.K. Vijayakumar, chief investment strategist at Geojit Investments, told Reuters. “Foreign portfolio investors are likely to accelerate selling since the market construct provides them an opportunity after the rally in the previous session.”

Meanwhile, the WeWork India IPO has opened for subscription. The Indian unit of the US-based shared office space provider is targeting a valuation of ₹8,685 crore, or a little less than a billion dollar, according to Reuters calculations.