Indices recap
Markets rebounded after a three‑session decline. The Nifty 50 climbed 82 points (+0.32%) to close at 25,574.35, while the Sensex added 319.07 points (+0.38%) to finish at 83,535.35. The Bank Nifty edged up to 57,937.55 (+0.10%). Mid‑caps outperformed (Nifty Midcap 100 +0.47%) while the Nifty Smallcap 100 was up 0.35%. The rupee closed nearly unchanged around ₹88.69 per US dollar. Overall market breadth was slightly negative; more than 2,180 stocks declined versus 1,780 advancing stocks on the NSE, and about 74 stocks hit fresh 52‑week highs.
FII/DII flows
Provisional data for 7 Nov (the most recent available) showed foreign institutional investors (FIIs) bought ₹4,581 crore and domestic institutional investors (DIIs) bought ₹6,675 crore of equities, signalling continued institutional support despite global uncertainties. For the month to date, FIIs remained net sellers (~₹12,570 crore) and DIIs were net buyers (~₹8,000 crore).
Sectoral performance
Buying returned to most sectors:
- IT led the rally, with the Nifty IT index surging +1.6%, reflecting hopes of stabilising overseas tech spending.
- Pharma stocks gained ~1%, aided by defensive demand.
- Metals advanced +0.6% on optimism over Chinese stimulus and strong global commodity prices.
- Energy, auto, financial services and FMCG indices all closed higher.
- Media stocks were the only major laggards, slipping around –1%, while realty shares also underperformed slightly.
- The Mid‑cap index rose 0.6%, but the Small‑cap index eased 0.4% as risk appetite remained selective.
Top Gain/Loss Tables
| Top Nifty 50 gainers | Close (₹) | Change |
|---|---|---|
| Infosys | 1,519.1 | +2.59% |
| Bajaj Finance | 1,085.0 | +1.88% |
| HCL Technologies | 1,540.7 | +1.82% |
| Coal India | 381.4 | +1.48% |
| Asian Paints | 2,650.4 | +1.46% |
| Grasim Industries | 2,770.3 | +1.44% |
| Wipro | 240.3 | +1.62% |
| Tata Motors | 410.5 | +1.20% |
| TCS | 3,025.2 | +1.05% |
| Bharti Airtel | 2,019.8 | +0.90% |
| Top Nifty 50 losers | Close (₹) | Change |
|---|---|---|
| Trent | 4,280.6 | –7.42% |
| Max Healthcare | 1,107.9 | –3.13% |
| Tata Consumer Products | 1,147.5 | –2.23% |
| Apollo Hospitals Enterprise | 7,529.5 | –1.41% |
| Eternal | 301.5 | –1.40% |
| Power Grid Corp | 268.2 | –1.37% |
| UltraTech Cement | 11,728.0 | –1.00% |
| Mahindra & Mahindra | 3,663.9 | –0.70% |
| Hindalco Industries | 785.2 | –0.70% |
| Dr Reddy’s Labs | 1,198.7 | –0.60% |
What moved the market
- Global optimism – Reports that U.S. lawmakers were nearing a deal to end the government shutdown boosted risk sentiment worldwide. Major Asian indices (Nikkei +1.3%, Hang Seng +1.6%, Kospi +3%) and European markets (DAX +1.9%, CAC 40 +1.4%) rallied. U.S. futures were higher as investors anticipated a resolution and potential Fed rate cuts.
- IT-led buying – Investors rotated into IT stocks following encouraging commentary from global IT spending surveys and attractive valuations after recent weakness. Shares of Infosys, HCL Tech, TCS and Wipro climbed between 1% and 3%.
- Strong earnings – Better-than-expected Q2 numbers from several companies (Bajaj Auto, Solar Industries, BEL, etc.) and positive guidance supported sentiment. However, profit‑taking hit some stocks with soft results (Trent, Max Healthcare).
- Institutional support – FIIs turned net buyers on Nov 7 for the first time in weeks, and DIIs continued to buy, bolstering liquidity. Traders viewed this as a sign of stabilising foreign flows after heavy selling earlier in the month.
- Macro signals – Falling crude prices (Brent near US$64/bbl), a stable rupee and robust domestic data (GST collections, credit growth) signalled macro resilience, encouraging risk-on positioning.
Global cues and commodities
- U.S. markets – The Dow (+0.16%) and S&P 500 (+0.13%) eked out gains on Friday, though the Nasdaq slipped 0.21%. Investors weighed mixed inflation readings and hopes of rate cuts in early 2026.
- Europe – European indices rallied on hopes of a U.S. shutdown resolution and easing energy prices. Eurozone composite PMI improved slightly, signalling an uptick in business activity.
- Currencies & commodities – The dollar index eased, helping emerging-market currencies like the rupee to remain stable. Crude oil prices slipped amid rising non‑OPEC output. Gold hovered near a two‑week high as investors sought safety ahead of U.S. inflation data.
Corporate updates
- Emami – The consumer goods company reported a 30% YoY drop in Q2 net profit to ₹148 crore and a 10.3% decline in revenue to ₹798.5 crore. Still, the board declared a generous interim dividend of ₹4 per share (400% of face value) and said it expects improved growth as input costs ease.
- Solar Industries – Posted a 20.7% YoY rise in consolidated net profit to ₹344.97 crore on revenue of ₹2,082 crore (+21.3%). Growth was driven by strong exports and defence orders.
- SJVN – State-run hydropower firm SJVN’s Q2 net profit fell 30% to ₹307.80 crore. The board approved securitising revenue from its 1,500 MW hydro project to raise up to ₹1,000 crore and appointed a new CFO.
- Bharat Electronics (BEL) – Received fresh defence orders worth ₹792 crore for network upgrades, radars, communication systems and drones. BEL’s Q2 net profit rose 17.9% to ₹1,286 crore and revenue increased 25.7% to ₹5,763.65 crore.
- Lenskart listing – Optical retailer Lenskart listed on exchanges; shares debuted about 3% below the issue price amid concerns over valuations and ESOP structures. The IPO was subscribed over 104 times.
- Other Q2 results and developments –
- Bajaj Auto: Standalone profit up 23.6% to ₹2,480 crore; revenue up 14%.
- Trent: Profit up 11% YoY to ₹373 crore but shares fell due to margin concerns and analyst downgrades.
- InterGlobe Aviation (IndiGo): Announced plans to implement competency‑based training to improve pilot skills; continues fleet expansion.
- TVS Motor: Planning to expand into Spain and Portugal with new ICE and electric models.
- Olectra Greentech: Q2 profit up 4% to ₹49.43 crore; revenue up 25%.
- NBCC: Signed MoU with a UAE developer for project collaborations in the Gulf.
- NTPC: Raised its installed capacity target to 149 GW by 2032 and 244 GW by 2037, aligning with India’s long‑term energy goals.
Stocks to watch
- IT majors (Infosys, HCL Tech, TCS, Wipro) – momentum after strong buying and potential earnings upgrades.
- Bajaj Finance & Bajaj Finserv – ahead of their Q2 results; may see volatility.
- Trent & Max Healthcare – to gauge whether bargain hunters emerge after steep declines.
- Sugar companies (Balrampur Chini, Triveni, Dhampur Sugar, Dalmia Bharat Sugar) – extended rally after government set higher export quotas.
- BEL & defence names – could witness follow‑through buying after large order wins.
- Bajaj Auto, Olectra Greentech, NBCC, NTPC – due to recent announcements and results.
Technical outlook and tomorrow’s tone
- Nifty 50 levels – The index bounced off key support near 25,300 (trend-line and 50‑day EMA). Immediate support lies at 25,350, with stronger support at 25,200. On the upside, 25,700 remains a crucial resistance; a sustained move above this level could lead to 25,850–26,100. Failure to hold 25,350 may trigger a retest of 25,200, but the broader uptrend remains intact.
- Bank Nifty levels – Consolidating between 57,300 and 58,500. A decisive break above 58,577 could target 59,000–59,200, while a drop below 57,300 could pull it down to 56,800.
- Expected tone for 11 Nov – The near‑term sentiment is cautiously optimistic. Supportive global cues, strong domestic earnings and renewed FII buying suggest dips may be bought. However, traders should monitor upcoming macro data (India CPI on 12 Nov, WPI on 14 Nov), corporate earnings (Bajaj Finserv, ONGC, Solar Industries, SJVN, etc.) and geopolitical developments. If Nifty holds above 25,350, the bias remains upward; consolidation with stock‑specific moves is likely, and volatility may rise around results announcements.
Summary
Indian equities snapped a losing streak on 10 Nov 2025, buoyed by global optimism over a potential U.S. government shutdown resolution and robust institutional buying. IT, pharma and metal stocks led gains, while media and realty lagged. Despite some profit‑taking, technical indicators point to further upside if key resistance levels are cleared, and investors should stay alert to macro data and corporate results shaping near‑term market moves.
