Indian equity indices opened on a cautious tone on 31 October 2025, with the Nifty 50 around 25,853 and the BSE Sensex down slightly by 0.07 %. Primary laggards included NTPC and Cipla after recent weak cues, while mid- and small-cap stocks showed modest strength. Profit-booking near high levels and cautious global cues, especially from the Federal Reserve, weighed on sentiment despite healthy earnings momentum domestically. Analysts say consolidation likely to continue ahead of key results and policy data.