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On November 4, Indian equity indices ended lower, with the Nifty finishing below 25,600, amid selling across sectors, except for telecom and consumer durables.

At close, the Sensex was down 519.34 points or 0.62 percent at 83,459.15, and the Nifty was down 165.70 points or 0.64 percent at 25,597.65. BSE midcap index fell 0.2 percent, and the smallcap index shed 0.7 percent.

The biggest Nifty losers were Power Grid Corp, Coal India, Tata Motors Passenger Vehicles, Bajaj Auto, Eternal, while gainers included Titan Company, Bharti Airtel, Bajaj Finance, HDFC Life, and M&M.

Except for the consumer durable and telecom sectors, all other sectoral indices ended in the red, with the IT, auto, FMCG, metal, power, realty, and PSU indices down 0.5-1 percent.

"Markets edged lower on the weekly expiry day, with the Nifty 50 slipping 0.7 percent to close at 25,600. After a flat start, the index faced sustained selling pressure and gradually drifted lower through the session, eventually settling near the day’s low. Sectorally, all major indices ended in the red, with metals and IT among the top laggards. The broader markets also witnessed pressure, declining in the range of 0.46 percent to 0.8 percent, reflecting a broad risk-off sentiment," said Ajit Mishra, SVP, Research, Religare Broking.

"Profit-taking across heavyweight sectors dampened overall mood, while risk appetite remained subdued amid weak global cues. Additionally, inconsistent foreign institutional investor (FII) flows further added to the cautious tone."

"Technically, the Nifty retested its 20-day EMA, and a sustained move below this level could weaken the positive bias, potentially extending the corrective phase toward 25,400. On the upside, 25,800 is likely to act as an immediate hurdle. Traders are advised to align positions accordingly and maintain a strong focus on risk management until a clear directional trend emerges," he added.

Indian rupee ended higher by 13 paise at 88.65 per dollar on Tuesday versus Monday's close of 88.78.

"Rupee started the session on a strong note, opening near 88.40 with gains of about 0.30, likely supported by intervention. However, the initial optimism faded as the session progressed, with the rupee losing ground to close near 88.63 amid renewed selling pressure. Persistent FII outflows and cautious market sentiment kept the recovery short-lived," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

"Going forward, rupee movement is expected to remain volatile, with RBI interventions providing support around lower levels, while selling pressure could cap gains. The expected trading range for the rupee is between 88.25–88.90," Trivedi added.

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