More Stories

Informist, Monday, Nov. 3, 2025

 

By Akash Mandal

 

MUMBAI – Benchmark indices are likely to consolidate further in the next 2-3 sessions after notching up gains of around 4.5% last month. Factors such as further clarity on a trade deal between the US and China and corporate earnings may be key triggers for the market in the foreseeable future, analysts said.

 

"On the daily chart, Nifty 50 formed a small bullish candle, and while structurally it may seem that not much has changed, a closer look shows that prices successfully defended the key support zone around 25650–25600... this area coincides with the bullish breakout zone of the July swing high near 25670," Rajesh Bhosale, equity technical analyst at Angel One, said in a note. "... it is common for price action to retest breakout zones before attempting further upside, and this retest is now clearly visible on the charts. Going ahead, we continue to maintain our buy-on-dip approach," Bhosale said.

 

"A small positive candle was formed on the daily chart with minor upper and lower shadows... technically, this market action hints at a possibility of completion of short-term downward correction in the market. This is a positive indication," Nagaraj Shetti, senior technical research analyst at HDFC Securities, said in a note. The near-term view remains positive and the Nifty 50 may test the 26100 levels in the next few sessions, Shetti said.

 

On Monday, the Nifty 50 ended at 25763.35 points, up 41.25 points or 0.2%, and the BSE Sensex closed at 83978.49 points, up 39.78 points or 0.1%. Broader market indices saw robust gains and outperformed their benchmark peers. Going ahead, analysts expect the 50-stock index to move in a range of 25600-26000 points.

 

On the earnings front, four Nifty 50 majors will announce their September quarter results on Tuesday – State Bank of India, Mahindra & Mahindra, Adani Ports and Special Economic Zone, and Adani Enterprises. SBI is expected to report a 1% on-year decline in net profit in the September quarter due to a lower net interest margin and higher cost of funds. On the other hand, M&M's net profit is expected to grow 5% on year, which would be a five-quarter low, due to likely lower margins stemming from a higher mix of electric vehicle sales. 

 

Adani Ports' consolidated net profit for the September quarter is expected to rise 33% on year, driven by higher cargo volumes. Not enough analysts had estimates for Adani Enterprises for a consensus. Suzlon Energy, The Indian Hotels Co., Interglobe Aviation, Escorts Kubota, One 97 Communications, and Aditya Birla Fashion and Retail will also detail their second-quarter earnings on Tuesday.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.