This article is for educational purposes only and does not constitute investment advice. Stock prices can be volatile; investors may lose capital.
https://www.jainam.in/wp-content/uploads/2024/11/Disclosure-and-Disclaimer_Research-Analyst.pdf
The Indian equity market ended Friday’s session on a subdued note as benchmark indices declined for the third straight day, tracking mixed global cues and persistent selling pressure from foreign investors. While domestic institutional investors provided some cushion through selective buying, weakness across banking, IT, and auto stocks capped overall sentiment.
The Sensex dropped 592.67 points to close at 84,404.46, while the Nifty slipped 176.05 points, settling at 25,877.85. Broader market indices witnessed a relatively muted performance, with the BSE MidCap and SmallCap ending marginally lower as traders preferred caution ahead of key macroeconomic releases and earnings announcements.
The day’s trade remained volatile as most sectoral indices ended in the red.
For the near term, Nifty has key support placed at 25,805, 25,732, and 25,618, while resistance levels are seen at 25,992, 26,105, and 26,178.
The Sensex has support zones around 84,176, 83,947, and 83,581, with resistance likely at 84,770, 85,136, and 85,364.
Global cues remained largely mixed. The US markets saw a flat to negative close, while Asian peers showed divergent trends.
Overall, global sentiment remained cautious as investors awaited further clarity on US interest rate trajectories and corporate earnings.
Foreign Institutional Investors (FIIs) continued their selling spree, pulling funds out of both cash and futures segments, while Domestic Institutional Investors (DIIs) emerged as net buyers.
The data indicates continued FII caution despite strong derivatives activity. Domestic investors’ steady buying helped limit downside pressure.
The performance of Indian companies listed on US exchanges reflected global weakness, particularly in IT and banking names.
| Company | Close ($) | Change (%) |
| Dr. Reddy’s ADR | 13.45 | +0.30 |
| HDFC Bank ADR | 36.88 | –0.30 |
| ICICI Bank ADR | 30.73 | –0.93 |
| Infosys ADR | 16.64 | –1.42 |
| Tata Motors ADR | 25.14 | 0.00 |
| Wipro ADR | 2.67 | 0.00 |
Infosys and ICICI Bank ADRs saw noticeable declines, in line with sectoral weakness on the domestic bourses.
While the rupee traded in a narrow range, overall sentiment remained cautious amid global dollar strength.
India’s volatility index rose marginally, closing at 12.07, up 0.10 points (0.79%), indicating slightly elevated volatility in the near term.
Several companies across sectors declared their quarterly results, including:
ACC Ltd, Bharat Petroleum Corporation Ltd, Maruti Suzuki India Ltd, Godrej Consumer Products Ltd, Emami Paper Mills Ltd, Mahindra Lifespace Developers Ltd, IFB Agro Industries Ltd, and Jubilant Pharmova Ltd, among others.
(For the complete list of result announcements, refer to BSE India’s official corporate results page.)
Multiple companies announced dividends, right issues, and restructuring activities on October 31, 2025:
These actions reflect strong corporate activity in the mid-cap and specialty chemical segments.
The Technical Mirror section highlighted important pivot levels for key indices and stocks.
Major stocks exhibiting key technical levels included:
ICICI Bank, Infosys, Titan, Sun Pharma, Maruti Suzuki, HDFC Bank, and Axis Bank.
Pivot levels indicated mild consolidation with limited downside room. Traders are advised to track crucial support zones for short-term setups, especially in large-cap counters like Reliance, TCS, HDFC Bank, and ITC.
The Indian markets ended October on a cautious note, mirroring weak global trends and continued FII selling. While domestic inflows provided some support, broader sentiment remained guarded.
The rise in India VIX indicates mild uncertainty, though volatility still remains relatively low compared to previous months. On the global front, attention will now turn to US inflation data and Fed commentary, which could influence near-term market direction.
Sectorally, Oil & Gas and FMCG may continue to attract buying on dips, while IT and Banking could remain under pressure amid global slowdown concerns.
In the near term, markets are expected to stay range-bound with resistance near the 26,100 mark for Nifty and support around 25,700. Traders should remain selective with a focus on quality large-cap names and companies showing consistent earnings performance.
This article is for educational purposes only and does not constitute investment advice. Stock prices can be volatile; investors may lose capital.
https://www.jainam.in/wp-content/uploads/2024/11/Disclosure-and-Disclaimer_Research-Analyst.pdf
Join our 3 Lakh+ happy customers
Know the mind behind this article
Open your free Demat account in minutes or explore partnership opportunities with Jainam.
Get the link to download the App
