If the Nifty 50 manages to hold 25,500, which acts as immediate support, an upward move toward 25,700–25,800 in the upcoming sessions is possible. However, 25,300 is expected to remain a crucial support level, as a decisive break below it could bring bears back into action, experts said.
For the year so far, FIIs have been net sellers of shares worth Rs 2.46 lakh crore, while DIIs have net bought shares worth Rs 6.50 lakh crore.
The weekly options data indicated that the Nifty 50 is expected to trade in the 25,400–26,000 range in the short term.
After a year of consolidation, Alchemy Capital’s Hiren Ved says a reset in valuations and renewed private-market activity are broadening the AIF opportunity set, even as investors turn more selective.
The fund fully exited the following stocks during October: HDFC Life Insurance, Niva Bupa Health Insurance, and Westlife Foodworld.
Stock market today: Sensex, Nifty rebounded after a 3-day decline, supported by positive global cues and renewed buying by FIIs following six consecutive sessions of selling.
The NFO for Diviniti Equity Long-Short SIF fund will remain open between November 10-24, with Laukik Bagwe as the CIO - SIF and Vasav Sehgal as its fund manager.
For only the second time ever, the cyclically adjusted price-to-earnings ratio, made popular by Nobel laureate Robert Shiller and originally proposed by Benjamin Graham, has moved above 40, a level last seen during the peak of 1999 tech bubble.
In the week starting November 10, the market is expected to be range-bound with focus on the final lot of corporate earnings season, and further progress with respect to India-US trade deal.
Experts suggest that if the Nifty 50 manages to hold 25,300 in the upcoming sessions, a gradual upmove toward 25,650–25,800 and then 26,000 could be possible amid consolidation. On the other hand, a decisive break below this level could drive the index toward 25,000.
According to experts, if the Nifty 50 decisively breaks the strong 25,300 support (50 DEMA), the 25,000 level can’t be ruled out, but holding above it can raise the possibility of the index moving toward 25,650, followed by 25,800, being key resistance.
The consolidation amid range-bound trading may continue, with Friday’s low likely acting as support. Below are some short-term trading ideas to consider.
The Indian rupee ended 11 paise higher at 88.66 per dollar on November 7 against the October 31 closing of 88.77.
Zeal Global Opportunities Fund also sold 50 lakh shares (0.92 percent) of Leading Lease Finance and Investment at Rs 5.48 per share.
ABB India noted stable activity across multiple sectors, including renewables, cement, steel, and data centers. Sharma said the company’s positioning across 23 market segments enables it to benefit quickly when the growth cycle comes back.
Analysts said the current phase reflects cautious sentiment among market participants amid persistent global uncertainties and the absence of major domestic triggers.
Global equity markets on the other hand saw a resurgence as fund flows to global equities rose to a two-month high as investors bought into recent corrections. China recorded $9.6 billion in inflows, reversing two weeks of cumulative redemptions, with 22% of the money coming from foreign-domiciled vehicles.
Brokers and other market participants had previously made representation to SEBI on not to ban the weekly expiries instead look for other measures like product suitability framework, to safeguard retail investors from losses.
He added that the regulator aims to expand India’s 130 million unique mutual fund investors, possibly doubling that base over the next five years, and that any policy decisions must account for both sides.
Stock market today: Sensex, Nifty pared early losses amid value buying, supported by positive cues from Wall Street futures.
Stock market today: Sensex, Nifty extended decline to third straight session as persistent FII selling and weak global cues weighed on domestic equities.
Free-float foreign ownership also moved lower, from 34.08 percent to 33.43 percent, while the average FII share by volume eased from 5.76 per cent to 5.65 percent.
If the benchmark Nifty 50 breaks its 25,450 support, a fall toward 25,350–25,300 is possible. However, in case of a rebound, 25,700–25,800 are the levels to watch.
The market is expected to weaken further given that the index traded below short-term moving averages. Below are some short-term trading ideas to consider.
Experts expect the Nifty 50 to decline further towards 25,450. A decisive break below this level could open the door for a fall to 25,350–25,300. However, on the higher side, resistance is placed in the 25,700–25,800 zone.