SENSEX

Market failed to build on the opening hours gains and remained rangebound throughout the session, with final hour selling pressure dragged the Nifty below 25,500 before closing near day's low amid selling across the sectors.

At close, the Sensex was down 148.14 points or 0.18 percent at 83,311.01, and the Nifty was down 87.95 points or 0.34 percent at 25,509.70. BSE Midcap index fell 1.2%, and smallcap index shed 1.5%.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/state-bank-of-india-to-sell-6-3-stake-in-sbi-funds-management-via-ipo-13656768.html">State Bank of India to sell 6.3% stake in SBI Funds Management via IPO</a>

On the sectoral front, metal, power, realty, media were down 1.5-2.5%. However, FMCG, auto and IT ended with marginal gains.

Asian Paints, Interglobe Aviation, M&amp;M, Reliance Industries, UltraTech Cement were among major gainers on the Nifty, while losers were Hindalco, Grasim Industries, Adani Enterprises, Power Grid Corp and Eternal.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/lenskart-ipo-allotment-date-today-how-to-check-status-on-registrar-bse-and-nse-check-latest-gmp-13656520.html">Lenskart IPO allotment date today: How to check status on registrar, BSE and NSE; check latest GMP</a>

In stock-specific action, Hindalco Industries shares slipped 5% on weak Novelis results, Grasim Industries shares declined 6% despite strong Q2 earnings, One 97 Communications (Paytm) shares rose 4% despite Q2 profit fall, M&amp;M shares rose 1% on selling entire stake in RBL Bank, Ather Energy shares extend fall on 4th day on block deal of 1.4 crore shares (3.66% equity) worth Rs 856.2 crore.

Britannia Industries shares added 2% after Q2 profit jumps 23%, RBL Bank shares hit 52-week high on 3.4% equity change hands in a block trade, Delhivery share price shed 8% on reporting losses in Q2, Redington shares surged 16% after Q2 profit jumps 23%, Godrej Agrovet shares slipped 5% after Q2 profit down 12%, Force Motors shares declined 2% despite better October sales data.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/gold-outlook-should-you-buy-hold-or-book-profits-13655453.html">Gold outlook: Should you buy, hold, or book profits?</a>

More than 120 stocks touched their 52-week high on the BSE, including CCL Products, Paytm, Navin Fluorine, RBL Bank, SBI, Laurus Labs, AU Small Finance Bank, 3M India, Titan Company, Chennai Petro, BPCL, City Union Bank, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

New Listing

Orkla India shares ended 3 percent lower at Rs 707.80 after making debut at Rs 750.10 per share on the NSE, a premium of 2.75 percent against the price band of Rs 695-730 per share.

Outlook for November 7

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The downtrend continued in the market on Thursday and Nifty closed the day lower by 87 points. After opening lower, the market was not able to sustain the highs, as it declined consistently by forming lower highs and lower lows as per intraday basis.

A long bear candle was formed on the daily chart with long upper shadow. Technically, this market action indicates a sell on rise opportunity. Formation of upper shadows in the last 5-6 candles during downtrend signal presence of strong resistance on the rise.

The underlying trend of Nifty continues to be weak. The market is now entering a crucial support zone around 25400 levels (previous upside broken trend line resistance as per change in polarity). Immediate resistance is placed at 25700.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty slipped below the critical 21EMA on the daily timeframe, indicating weakness. However, the index has declined towards the support of the previous swing high, placed around 25,450.

Going forward. if the index falls below 25,450, the short-term trend might weaken further. On the other hand, if it holds above 25,450, a significant trend reversal might occur.

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 decision.

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Taking Stock: Sensex, Nifty end near day's low on final hour selling; metal, media drag

Market failed to build on the opening hours gains and remained rangebound throughout the session, with final hour selling pressure dragged the Nifty below 25,500 before closing near day's low amid selling across the sectors.

At close, the Sensex was down 148.14 points or 0.18 percent at 83,311.01, and the Nifty was down 87.95 points or 0.34 percent at 25,509.70. BSE Midcap index fell 1.2%, and smallcap index shed 1.5%.

Also Read: State Bank of India to sell 6.3% stake in SBI Funds Management via IPO

On the sectoral front, metal, power, realty, media were down 1.5-2.5%. However, FMCG, auto and IT ended with marginal gains.

Asian Paints, Interglobe Aviation, M&amp;amp;M, Reliance Industries, UltraTech Cement were among major gainers on the Nifty, while losers were Hindalco, Grasim Industries, Adani Enterprises, Power Grid Corp and Eternal.

Also Read: Lenskart IPO allotment date today: How to check status on registrar, BSE and NSE; check latest GMP

In stock-specific action, Hindalco Industries shares slipped 5% on weak Novelis results, Grasim Industries shares declined 6% despite strong Q2 earnings, One 97 Communications (Paytm) shares rose 4% despite Q2 profit fall, M&amp;amp;M shares rose 1% on selling entire stake in RBL Bank, Ather Energy shares extend fall on 4th day on block deal of 1.4 crore shares (3.66% equity) worth Rs 856.2 crore.

Britannia Industries shares added 2% after Q2 profit jumps 23%, RBL Bank shares hit 52-week high on 3.4% equity change hands in a block trade, Delhivery share price shed 8% on reporting losses in Q2, Redington shares surged 16% after Q2 profit jumps 23%, Godrej Agrovet shares slipped 5% after Q2 profit down 12%, Force Motors shares declined 2% despite better October sales data.

Also Read: Gold outlook: Should you buy, hold, or book profits?

More than 120 stocks touched their 52-week high on the BSE, including CCL Products, Paytm, Navin Fluorine, RBL Bank, SBI, Laurus Labs, AU Small Finance Bank, 3M India, Titan Company, Chennai Petro, BPCL, City Union Bank, among others. Click to View More

New Listing

Orkla India shares ended 3 percent lower at Rs 707.80 after making debut at Rs 750.10 per share on the NSE, a premium of 2.75 percent against the price band of Rs 695-730 per share.

Outlook for November 7

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The downtrend continued in the market on Thursday and Nifty closed the day lower by 87 points. After opening lower, the market was not able to sustain the highs, as it declined consistently by forming lower highs and lower lows as per intraday basis.

A long bear candle was formed on the daily chart with long upper shadow. Technically, this market action indicates a sell on rise opportunity. Formation of upper shadows in the last 5-6 candles during downtrend signal presence of strong resistance on the rise.

The underlying trend of Nifty continues to be weak. The market is now entering a crucial support zone around 25400 levels (previous upside broken trend line resistance as per change in polarity). Immediate resistance is placed at 25700.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty slipped below the critical 21EMA on the daily timeframe, indicating weakness. However, the index has declined towards the support of the previous swing high, placed around 25,450.

Going forward. if the index falls below 25,450, the short-term trend might weaken further. On the other hand, if it holds above 25,450, a significant trend reversal might occur.

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 decision.

Nifty Stays Below 25,600 Amid Expiry-Led Volatility; Grasim, Hindalco In Focus| Closing Bell Live

Pine Labs’ Rs 3,900 Cr IPO| CEO Amrish Rau On Why The Issue Size Was Cut & The Post-IPO Gameplan

Pine Labs’ Rs 3,900 Cr IPO| CEO Amrish Rau On Why The Issue Size Was Cut &amp; The Post-IPO Gameplan

The benchmark equity indices pared early gains and settled lower on Thursday, as the U.S. dollar hovered near a five-month high and foreign fund outflows continued.

Falling for the second day in a row, the Sensex declined 148.14 points or 0.18 percent to settle at 83,311.01. During the day, it hit a high of 83,846.35 and a low of 83,237.65. The Nifty dipped by 87.95 points or 0.34 percent to 25,509.70.

<a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/asianpaints/AP31" target="_blank">Asian Paints</a>, InterGlobe Aviation and Reliance Industries were among the top gainers in the Niftyu50 pack, rising up to 5 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI" target="_blank">Hindalco Industries</a> and Grasim Industries were the major laggards, declinin up to 6 percent.

Key factors behind market decline

1) FII selling continues: Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth Rs 1,067.01 crore on Tuesday. This marked the fifth consecutive session of FII outflows since October 29, dampening market sentiment.

2) Profit booking in key sectors: Profit booking was visible in banking, financial services, metal shares among others. The Nifty Metal index fell over 2 percent as the dollar strengthened. A stronger dollar typically makes commodities priced in the greenback costlier for importers, weighing on demand and impacting metal companies.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-06-11-2025-liveblog-13655439.html" target="_blank">Stock Market LIVE Updates</a>

3) Dollar near five-month high: The U.S. dollar stayed firm at a five-month high after recent economic data eased concerns about the U.S. economy and labour market. The dollar index, which measures the greenback against a basket of six major currencies, was steady at 100.16 — up 1.5 percent since last Wednesday, when the Federal Reserve cut interest rates but signalled a slower pace of easing. The firm dollar has added pressure on emerging market currencies and commodities, including metals, which are sensitive to global price movements.

4) Expiry-day volatility: Traders attributed the intraday swings to expiry-related movements, as weekly derivatives contracts expire today. Market volatility typically rises on expiry days as traders square off or roll over their positions.

Technical view

Anand James, Chief Market Strategist at Geojit Financial Services, said the 20-day simple moving average (SMA) helped prevent a sharper decline on Tuesday. "A pullback is possible if Nifty sustains above 25,630–25,650 levels. A move beyond this range could take the index towards 25,770 or even 26,035 in a positive scenario," he added.

(Inputs from Reuters) 

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sensex settles 500 pts lower from day's high, Nifty ends near 25,500: Dollar at 5-month high, other factors behind market fall

Sensex today news: Sensex declines 400 pts from day's high, Nifty below 25,550 - Dollar at 5-month high, other factors behind market fall

The benchmark equity indices pared early gains and settled lower on Thursday, as the U.S. dollar hovered near a five-month high and foreign fund outflows continued.

Falling for the second day in a row, the Sensex declined 148.14 points or 0.18 percent to settle at 83,311.01. During the day, it hit a high of 83,846.35 and a low of 83,237.65. The Nifty dipped by 87.95 points or 0.34 percent to 25,509.70.

Asian Paints, InterGlobe Aviation and Reliance Industries were among the top gainers in the Niftyu50 pack, rising up to 5 percent, while Hindalco Industries and Grasim Industries were the major laggards, declinin up to 6 percent.

Key factors behind market decline

1) FII selling continues: Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth Rs 1,067.01 crore on Tuesday. This marked the fifth consecutive session of FII outflows since October 29, dampening market sentiment.

2) Profit booking in key sectors: Profit booking was visible in banking, financial services, metal shares among others. The Nifty Metal index fell over 2 percent as the dollar strengthened. A stronger dollar typically makes commodities priced in the greenback costlier for importers, weighing on demand and impacting metal companies.

Stock Market LIVE Updates

3) Dollar near five-month high: The U.S. dollar stayed firm at a five-month high after recent economic data eased concerns about the U.S. economy and labour market. The dollar index, which measures the greenback against a basket of six major currencies, was steady at 100.16 — up 1.5 percent since last Wednesday, when the Federal Reserve cut interest rates but signalled a slower pace of easing. The firm dollar has added pressure on emerging market currencies and commodities, including metals, which are sensitive to global price movements.

4) Expiry-day volatility: Traders attributed the intraday swings to expiry-related movements, as weekly derivatives contracts expire today. Market volatility typically rises on expiry days as traders square off or roll over their positions.

Technical view

Anand James, Chief Market Strategist at Geojit Financial Services, said the 20-day simple moving average (SMA) helped prevent a sharper decline on Tuesday. &quot;A pullback is possible if Nifty sustains above 25,630–25,650 levels. A move beyond this range could take the index towards 25,770 or even 26,035 in a positive scenario,&quot; he added.

(Inputs from Reuters) 

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

Indian benchmark indices Sensex and Nifty began November 6 session on a positive note, tracking strong global cues, with FMCG and IT stocks leading the early rally. However, metal stocks came under pressure, capping gains for the broader market.

Around morning, the Sensex was up 365.42 points or 0.44 percent at 83,824.57, while the Nifty 50 gained 73.15 points or 0.29 percent to trade at 25,670.80. Market breadth remained largely balanced, with 1,424 shares advancing, 1,403 declining, and 216 remaining unchanged.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-06-11-2025-liveblog-13655439.html">Catch all the market action on our LIVE blog</a>

Despite the firm start, broader markets were mixed. Midcaps traded flat with a slight positive bias, while smallcaps slipped into negative territory, reflecting continued volatility outside the large-cap space. Meanwhile, India VIX, the volatility index, saw a mild cool-off, suggesting slightly improved sentiment among traders.

On the sectoral front, auto shares extended gains, driven by strong earnings from Mahindra &amp; Mahindra (M&amp;M). The automaker reported a nearly 18 percent year-on-year jump in standalone net profit for the second quarter of FY26, aided by robust growth in tractor and light truck sales, even as its SUV business saw relatively slower momentum.

The Nifty FMCG index also contributed to the day’s gains, snapping a four-day losing streak. Stocks of Britannia Industries, Radico Khaitan, ITC, Nestlé, and Hindustan Unilever (HUL) were among the top performers. Britannia led the rally after posting a stable Q2 performance, with net profit up 23 percent year-on-year—beating estimates—and revenue rising 4 percent compared to last year.

In contrast, metal stocks continued to face headwinds, with the Nifty Metal index extending its losing streak to a second straight session. Hindalco was the biggest drag after its US-based subsidiary Novelis reported weaker-than-expected results over the holiday break. Novelis’ net sales rose 10 percent year-on-year to $4.7 billion, while shipments of flat-rolled products declined marginally to 941 kt from 945 kt a year ago. The muted performance led to several brokerage downgrades and target price cuts for Hindalco.

Looking ahead, analysts expect stock-specific reactions to continue as more companies announce their Q2 results. However, external factors may also play a role in driving sentiment.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “In the coming days, the focus will be on developments in the US Supreme Court, which is hearing a petition against Trump tariffs. Observations by some judges that President Trump had overstepped his authority are significant. If the final judgement aligns with these views, emerging markets—particularly India, which faced steep 50 percent tariffs—could see sharp rallies.”

Vijayakumar added that in the near term, foreign investor activity remains a key risk. “The resumption of sustained selling by FIIs—Rs 15,336 crore over the last five sessions—and the build-up of short positions could weigh on markets,” he noted.

Disclaimer: The views and investment tips expressed by investment 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.

Sensex gains 300 pts, Nifty above 25,600; FMCG stocks lead gains, metals under pressure

Sensex gains 300 pts, Nifty above 25,600; FMCG, IT lead gains, metal stocks under pressure

Indian benchmark indices Sensex and Nifty began November 6 session on a positive note, tracking strong global cues, with FMCG and IT stocks leading the early rally. However, metal stocks came under pressure, capping gains for the broader market.

Around morning, the Sensex was up 365.42 points or 0.44 percent at 83,824.57, while the Nifty 50 gained 73.15 points or 0.29 percent to trade at 25,670.80. Market breadth remained largely balanced, with 1,424 shares advancing, 1,403 declining, and 216 remaining unchanged.

Catch all the market action on our LIVE blog

Despite the firm start, broader markets were mixed. Midcaps traded flat with a slight positive bias, while smallcaps slipped into negative territory, reflecting continued volatility outside the large-cap space. Meanwhile, India VIX, the volatility index, saw a mild cool-off, suggesting slightly improved sentiment among traders.

On the sectoral front, auto shares extended gains, driven by strong earnings from Mahindra &amp;amp; Mahindra (M&amp;amp;M). The automaker reported a nearly 18 percent year-on-year jump in standalone net profit for the second quarter of FY26, aided by robust growth in tractor and light truck sales, even as its SUV business saw relatively slower momentum.

The Nifty FMCG index also contributed to the day’s gains, snapping a four-day losing streak. Stocks of Britannia Industries, Radico Khaitan, ITC, Nestlé, and Hindustan Unilever (HUL) were among the top performers. Britannia led the rally after posting a stable Q2 performance, with net profit up 23 percent year-on-year—beating estimates—and revenue rising 4 percent compared to last year.

In contrast, metal stocks continued to face headwinds, with the Nifty Metal index extending its losing streak to a second straight session. Hindalco was the biggest drag after its US-based subsidiary Novelis reported weaker-than-expected results over the holiday break. Novelis’ net sales rose 10 percent year-on-year to $4.7 billion, while shipments of flat-rolled products declined marginally to 941 kt from 945 kt a year ago. The muted performance led to several brokerage downgrades and target price cuts for Hindalco.

Looking ahead, analysts expect stock-specific reactions to continue as more companies announce their Q2 results. However, external factors may also play a role in driving sentiment.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “In the coming days, the focus will be on developments in the US Supreme Court, which is hearing a petition against Trump tariffs. Observations by some judges that President Trump had overstepped his authority are significant. If the final judgement aligns with these views, emerging markets—particularly India, which faced steep 50 percent tariffs—could see sharp rallies.”

Vijayakumar added that in the near term, foreign investor activity remains a key risk. “The resumption of sustained selling by FIIs—Rs 15,336 crore over the last five sessions—and the build-up of short positions could weigh on markets,” he noted.

Disclaimer: The views and investment tips expressed by investment 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.

9 out of 17 years SENSEX has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	83,692.36	84,073.70	84,301.06	83,465.00	83,083.66	82,856.30	82,474.96
Fibonacci	83,697.53	83,841.18	84,073.70	83,465.00	83,232.48	83,088.83	82,856.30
Camarilla	83,366.81	83,422.60	83,478.40	83,465.00	83,255.21	83,199.42	83,143.62

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