Indian Market Outlook – 3 November 2025

Indian equities started the week on a steady note on 3 November 2025, with benchmark indices trading in a narrow range after October’s strong gains. The Sensex and Nifty 50 hovered near record highs, showing mild consolidation as investors awaited fresh global triggers. Buying was seen in PSU banks and select infrastructure names, while IT and private banks saw some profit-taking.

Category	Details
Market Trend	Largely flat to positive; mild consolidation after October rally
Key Drivers	Mixed global cues, ongoing earnings season, PSU bank strength
Market Breadth	Positive bias; small and mid-caps outperformed
Volatility	Subdued; India VIX remained near 11 levels
Trading Tone	Range-bound; investors cautious before global data releases

Key Indices and Statistics

Index / Indicator	Closing Level	Change (pts)	Change (%)	Notes
Sensex	83,956.20	+28.5	+0.03%	Flat session; holding above 83,900
Nifty 50	25,747.10	+11.2	+0.04%	Consolidation after October surge
Bank Nifty	57,104.65	+102.3	+0.18%	PSU banks led gains; private banks muted
BSE Mid-Cap	—	—	+0.4%	Continued outperformance
BSE Small-Cap	—	—	+0.8%	Buying interest visible in broader markets
India VIX	10.88	—	–1.2%	Volatility stayed low
USD/INR	88.02	–0.05	–0.06%	Rupee steady against dollar
Brent Crude	$63.21/bbl	+0.19	+0.30%	Slight rebound from 5-month low
Gold	₹125,890/10 g	—	–0.22%	Minor profit-taking after recent rally
FIIs (1 Nov)	–₹562 cr	—	—	Continued light selling
DIIs (1 Nov)	+₹2,074 cr	—	—	Domestic funds supported markets

Top Gainers and Losers (Nifty 50 Constituents)

Category	Stocks	Brief Note
Top Gainers	Bank of Baroda, Power Grid, NTPC, Shriram Finance, Coal India	PSU and power names rallied 1–3% on strong results and demand outlook
Top Losers	Infosys, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra, Tata Motors	IT and private banks slipped on profit-booking and cautious guidance
Strong Sectors	PSU Banks, Power, Infrastructure, Oil & Gas	Sector indices ended firm amid earnings optimism
Weak Sectors	IT, Private Banks	Limited downside; rotational profit-taking seen

Global Cues

Region	Market Trend	Highlights
Asia	Mixed	Nikkei and Hang Seng rose modestly; Shanghai remained soft
Europe	Flat	Investors awaited eurozone inflation and U.K. policy cues
U.S. Futures	Mildly positive	Hints of a soft landing kept Wall Street optimistic
Commodities	Stable	Oil recovered slightly, gold saw mild correction
Currency	Dollar index eased	Rupee held firm; yen and yuan remained stable

Key Stocks and Corporate Updates

Company	Update	Impact
Shriram Finance	Q2 profit beat estimates; strong loan growth	Stock up ~2%
Bank of Baroda	Reported solid quarterly earnings	PSU banking rally continued
Infosys	Profit-taking after NHS contract announcement	Stock slightly down
Bharti Airtel	Set to announce Q2 results	Traders eye ARPU and 5G growth metrics
Power Grid	Strong operational update	Shares up ~1.5%
Lenskart	Filed draft papers for IPO	Eyeing 2026 listing
Studds Accessories	To file IPO papers soon	Marketwatchers tracking the issue size

Outlook for 4 November 2025

Aspect	View
Early Indicators	GIFT Nifty hints at a steady start; global mood balanced
Sectors to Watch	PSU banks, power, infrastructure, oil marketing companies
Key Earnings	Bharti Airtel, Eicher Motors, HDFC AMC, and Titan Company
Trading Range	Nifty support near 25,500; resistance around 25,850–25,900
Sentiment	Cautiously positive; investors focus on earnings and global inflation cues