Taking Stock: Market getting into festival spirit, closes almost a percent higher

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The equity benchmark extended gains for the third straight session on November 6, with the 30-pack Sensex rising 594.91 points or 0.92 percent to end at 64,958.69, while Nifty closing at 19,411.80, up 181.20 points or 0.94 percent.

After a gap-up start, the indices extended gains as the day progressed with Nifty crossing 19,400 in the final hour of the trading amid buying across the sectors, barring PSU Banks.

Stocks and Sectors

The biggest Nifty gainers included Divi's Laboratories, Hero MotoCorp, Eicher Motors, Larsen & Toubro and Axis Bank, while losers were SBI, HUL, Tata Motors, Cipla and Titan Company.

Except PSU Bank, down a percent, all sectoral indices ended in the green, with pharma, capital goods, metal, oil & gas, power and realty up a percent each.

BSE midcap and smallcap indices each closed a percent higher.

A long build-up was seen in Aarti Industries, JK Cement and Metropolis Healthcare, while a short build-up was seen in Bank of Baroda, Zee Entertainment Enterprises and Vodafone Idea.

Among individual stocks, a volume spike of more than 500 percent was seen in Aarti Industries, Bharat Forge and Bata India.

Index	Prices	Change	Change%
Sensex	85,265.32	158.51	+0.19%
Nifty 50	26,033.75	47.75	+0.18%
Nifty Bank	59,288.70	-59.55	-0.10%

Nifty 50 26,033.75 47.75 (0.18%)

Thu, Dec 04, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
TCS	3,229.20	49.20	+1.55%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,436.50	-159.00	-2.84%

Best Sector	Prices	Change	Change%
Nifty IT	38360.30	535.00	+1.41%

Worst Sector	Prices	Change	Change%
Nifty Energy	34986.10	-118.90	-0.34%

More than 240 stocks touched their 52-week high on the BSE, including Amber Enterprises, Kalyan Jeweller, Zomato, Suzlon Energy, Esab India, CRISIL, Brigade Enterprises, Phoenix Mills and Godrej Properties, among others. Click here for the full list

Outlook for November 7

Rupak De, Senior Technical analyst at LKP Securities

The Nifty maintained a positive trajectory throughout the day. On the upper side, the rally encountered resistance at the 21-day moving average (21DMA). It is anticipated that the trend will continue to move sideways in the near term. A decisive breakthrough above 19,450 points could potentially pave the way for a Nifty rally. On the lower end, support is situated at 19,300 points

The Bank Nifty stayed positive throughout the day. On the higher side, the index closed above the 21-day moving average (21DMA). The trend is expected to remain sideways to positive in the near term. Support on the lower end is located at 43,300 points. On the higher end, a move above 43,700 points could trigger a rally towards 44,500 points.

Ajit Mishra, SVP - Technical Research, Religare Broking:

Markets started the week on a firm note and gained nearly a percent in continuation of the recent rebound. All the key sectors contributed to the move. The broader indices also traded in synch with benchmarks.

Markets are largely mirroring the rebound of the US markets and look set to test the hurdle at 19,500 in Nifty. Going ahead, sustainability of the positive tone on the global front combined with improved participation from the banking pack would be critical. We maintain our view to stay focused on stock selection.

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:

The Nifty opened gap up today and continued to inch higher throughout the day to close with gains of ~181 points. On the daily charts we can observe that the Nifty opened gap up for the second consecutive day and has been stretching towards the psychological level of 19500. The daily momentum indicator has a positive crossover which is a buy signal. The Nifty is currently trading around the upper end of the reverse channel which can act as a make or break from short term perspective.

A decisive close above the falling channel can lead to further extension of the current rally. However, there are multiple resistance parameters in the form of the key daily moving averages in the range (19400 – 19500) which can restrict further upside. In terms of levels, 19240 – 19300 shall act as a crucial support zone while 19500 – 19550 is the immediate hurdle zone.

Bank Nifty has broken out of a falling channel indicating trend reversal from down to up. Daily momentum indicator has a positive crossover which is a buy signal. Both price and momentum indicator suggest that the positive momentum is likely to continue till 44000 on the upside.

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