Largest drag; investors locked in profits after a strong rally; concerns over premium pricing in upcoming spectrum auctions.
Tata Consumer Products
1,167.00
â–¼ 1.97%
Softening demand and margin concerns weighed on the stock.
Tech Mahindra
1,387.20
â–¼ 1.87%
Impact of global tech sell‑off and muted guidance.
Apollo Hospitals
7,642.00
â–¼ 1.80%
Profit‑taking after recent outperformance; valuations remain elevated.
InterGlobe Aviation (IndiGo)
5,604.50
â–¼ 1.55%
Volatile aviation sector; higher jet fuel prices and profit‑booking.
What Moved the Market
Weak global cues: Overnight U.S. markets dropped (Dow Jones –0.84%, S&P 500 –1.12%, Nasdaq –1.9%) amid a sell‑off in technology stocks. Asian markets were broadly lower (Nikkei 225 –1.4%, Kospi –0.46%, Kosdaq –0.9%). The risk‑off tone spilled over to Indian equities.
Profit‑taking & sector rotation: Early trade saw heavy selling in FMCG and IT stocks as traders booked profits after recent gains. However, bargain hunters returned to financial services and metal stocks, helping indices recover part of their losses.
FII selling vs DII buying: FIIs continued to offload equities (~₹3,263 cr sold), citing global uncertainties and higher U.S. bond yields. DIIs bought around ₹5,284 cr, cushioning the indices.
Corporate earnings & stock‑specific action: Positive surprises from Shriram Finance, Bajaj Finance and Tata Steel led to buying. Conversely, Bharti Airtel and Tech Mahindra fell due to profit‑booking and cautious outlooks.
Macro factors: Stable crude oil prices (~$60/bbl), a slightly weaker rupee and moderated volatility (India VIX ~12.4) kept investors alert but not panicked.
Global Cues and Macro Trends
U.S. markets: The Dow, S&P 500 and Nasdaq all closed lower due to a technology sell‑off and concerns over prolonged high interest rates. The U.S. Dollar Index inched up to ~99.79, reflecting safe‑haven demand.
Asia: Major Asian indices opened weak; Japan’s Nikkei 225 lost about 1.4% and South Korea’s Kospi dropped 0.46%. Australia’s ASX 200 slipped 0.3% in early trade.
Currency & commodities: The rupee weakened slightly to ~₹88.62 per U.S. dollar. WTI crude rose 0.44% to $59.70/bbl, and Brent crude edged up 0.42% to $63.67/bbl. Gold remained firm as a safe‑haven, with 24‑carat gold prices in India around ₹1,22,580/10 gm.
FII/DII flows: FIIs were net sellers (~₹3,263 cr) while DIIs were net buyers (~₹5,284 cr), underscoring domestic support amid global weakness.
Stocks to Watch & Corporate Updates
Key stocks in focus (results/events)
Company
Reason for focus
Highlights
Life Insurance Corporation (LIC)
Q2 FY26 earnings
Standalone net profit up 31.9% YoY to ~₹10,053 cr; premium income rose 5.4%.
Net profit down 43% YoY to ₹71 cr; revenue nearly flat.
Stocks with corporate developments
Bajaj Steel – Received advance payment for an export order (cotton ginning machines) worth around ₹100 cr, to be executed over one year.
Hindustan Construction Company (HCC) – Holding a robust order book (~₹13,152 cr) and pipeline (~₹57,000 cr); planning a rights issue of ₹1,000–1,100 cr in Q3FY26.
NBCC (India) – Signed a strategic MoU with Australia’s Goldfields Commercials to explore real estate and infrastructure projects in Australia.
Godawari Power & Ispat – Secured 452 acres of leasehold land in Raipur for a new integrated steel plant to be developed over 99 years.
RITES Ltd – Signed an MoU with the Indian Navy’s Directorate General of Naval Projects for consulting on naval infrastructure works.
Technical Levels & Outlook for 8 Nov 2025
Nifty 50: The index closed just below the psychological 25,500 mark. Technical analysts highlight 25,450–25,350 as the immediate support zone. A decisive break below 25,350 could open the door to 25,100. On the upside, 25,700–25,800 is seen as the near‑term resistance range. Option data shows maximum call open interest at 26,000/25,700 strikes and maximum put OI at 25,500/25,200, suggesting a broader range of 25,200–26,000. The trend remains bearish‑to‑range‑bound unless Nifty decisively reclaims 25,800.
Bank Nifty: The index is struggling below 57,750. Weakness could extend toward 57,250–57,000, while resistance lies at 57,750–58,000. Traders should watch for a move above 57,750 for signs of recovery.
Sensex: Resistance has shifted to 83,500–83,800, with supports near 83,000–82,700.
Tone for next trading day: Given weak global sentiment and persistent FII selling, the market is expected to remain cautious and range‑bound with a negative bias. Short‑term traders may look for selective buying opportunities in quality financials and metals while keeping stop‑losses tight. A breakdown below key supports could accelerate profit‑booking.
Conclusion
The Indian equity market ended marginally lower on 7 November 2025, marking a third straight day of decline but showing resilience after early losses. Strength in financial services and metal stocks offset weakness in FMCG and IT sectors. Global headwinds, FII selling and valuation concerns kept sentiment cautious. Investors should keep an eye on upcoming U.S. macro data, crude oil trends and continued earnings announcements. For the next session, maintaining positions with a defensive bias and focusing on stock‑specific opportunities could be prudent.
