Equity Alert
Mkt to consolidate but view still positive; earnings eyed
This story was originally published at 08:19 IST on 4 November 2025
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Equity Alert: Mkt to consolidate but view still positive; earnings eyed
MUMBAI--0753 IST--Benchmark indices are expected to continue their consolidation after rising 4.5% in October, analysts said. However, the view remains bullish and the consolidation is seen a positive, post which the market will move towards its record highs, they added. The Nifty 50 is likely to move in the range of 25600-26000 points in the next few sessions.
"The (Nifty 50) index formed a small bull candle highlighting buying demand at lower levels near previous major high after last two sessions of corrective decline...the market overall remains in a firm up trend," Bajaj Broking said in a note. "The ongoing phase of consolidation in the last eight sessions is best interpreted as a healthy retracement and time correction following a sharp 1,500-point up move in four weeks," the broking firm added.
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%. On the earnings front, five Nifty 50 majors will announce their September quarter results Tuesday – State Bank of India, Mahindra & Mahindra, Interglobe Aviation, Adani Ports and Special Economic Zone, and Adani Enterprises.
Overnight, indices in the US ended mixed, with the Nasdaq Composite and S&P 500 boosted by Amazon's $38-billion deal with OpenAI for it to run and scale its artificial intelligence workloads on Amazon Web Services' cloud infrastructure. Amazon surged 4?ter the news. Nvidia gained 2?ter US President Donald Trump said the company's most advanced microchips will be reserved for US companies and kept out of reach for China and other countries, Reuters reported.
Asian indices were mixed in early trade Tuesday with the Japanese market hitting a fresh record high. South Korea's Kospi fell over 1%, having hit a record high early in the session. (Akash Mandal)
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