FIIs net sell Indian equities worth Rs 1,884 crore, while DIIs net bought Rs 3,516 crore

Indian equity markets ended on a positive note on November 3rd, though the session witnessed significant volatility throughout the day. At the close, the Sensex gained 39.78 points, or 0.05%, to settle at 83,978.49, while the Nifty 50 advanced 41.25 points, or 0.16%, to close at 25,763.35. Broader market indices outperformed the benchmarks, with the BSE Midcap index rising 0.6% and the BSE Small cap index gaining 0.7% by the end of the session.

Reflecting on the market performance today, Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking, said: "The Nifty 50 opened on a flat note but maintained an upward bias through the session, indicating a steady buying interest at lower levels. Immediate resistance is placed at 25,850, followed by higher levels at 25,900 and 26,000. On the downside, support levels are seen at 25,600 and 25,650, which may act as potential accumulation zones for positional traders."

Meanwhile, the India VIX, the volatility index, climbed 4.22% to 12.66, indicating heightened market volatility amid prevailing uncertainty. Overall, market sentiment remains cautiously optimistic, with traders awaiting a decisive close above 25,800 to confirm a continuation of bullish momentum. Sustaining above this key resistance zone will be crucial to drive the next leg of the uptrend in the near term.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​​​