Market snapshot (close)
| Index / Metric | Level | Day-on-day change |
|---|
| Sensex | 83,938.71 | -0.55% |
| Nifty 50 | 25,722.10 | -0.60% |
| USD/INR | 88.77 | Rupee weaker |
Market breadth: advances ~1,731; declines ~2,240; unchanged ~138.
Top gainers & losers
Gainers
| Stock | Comment |
|---|
| Bharat Electronics | Large-cap defence name up strong |
| Eicher Motors | Vehicle/auto strength showing |
| Shriram Finance | Financials out-performed |
| L & T (Larsen & Toubro) | Infra/engineering support |
| TCS | IT name bucked the weak trend |
Losers
| Stock | Comment |
|---|
| Cipla | Post-earnings/management change |
| NTPC | Power sector under pressure |
| Kotak Mahindra Bank | Private bank weakness |
| ICICI Bank | Financials broadly weak |
| Infosys | IT names lagging broader market |
What moved the market
- Profit-booking after a multi-week rally.
- Global cues remained mixed: some easing bias but risk-aversion creeping in.
- Weaker rupee weighed on sentiment.
- Regulatory / structural overhang (index weight caps / bank/financial reshuffle) added caution.
Stocks to watch / Corporate updates
- Bandhan Bank: sharp profit drop and shift in business mix drew attention.
- Cipla: leadership transition announced; earnings mixed.
- Lenskart IPO opened, tracking investor interest.
- L&T and select large-cap IT names showing relative strength.
- Private banks: under the lens given regulatory/structural change.
Global cues & policy backdrop
- RBI kept policy steady; growth focus intact though inflation remains key.
- US dollar strength and emerging-market FX pressure staying in focus.
- Domestic regulatory bodies signaling reshuffle in indices (bank/financial sector) by Mar 2026.
Outlook for Monday (Nov 3, 2025)
- Key levels: Nifty support near ~25,600; resistance around ~25,850.
- Bias: Likely range-bound or slightly cautious unless global risk improves sharply.
- Sectors to watch:
- Private banks (on regulatory narrative)
- PSU banks (relative strength)
- Result-season plays (upcoming earnings will steer short-term moves)
- Strategy: With indices cooling off, look for selective opportunities rather than broad momentum chase.
