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Informist, Friday, Nov. 7, 2025

By Akash Mandal

MUMBAI – Benchmark equity indices are likely to remain range-bound with a positive bias next week, and the Nifty 50 might recover to the 25500-25600 levels, analysts said. The 50-stock index is expected to move in a range of 25300-25800 points next week and current levels might attact buying, technical analysts said.

"Lately, Nifty 50 has been trading below the 50EMA (exponential moving average), indicating near-term weakness. Looking at the broader backdrop, the index has been declining since forming a double top around 26100 on the hourly timeframe...the crucial resistance is placed at 25600; as long as it remains below this level, the sentiment may continue to favor a sell-on-rise strategy," Rupak De, senior technical analyst at LKP Securities, said in a note. The 50-stock index managed to hold above the 25300 level on Friday despite facing selling pressure at higher levels, which is a positive for the market, analysts said.

On Friday, the Nifty 50 ended at 25492.30 points, down 17.40 points or 0.1%. The BSE Sensex closed at 83216.28 points, down 94.73 points or 0.1%. Both indices ended lower for the third straight session, despite recovering most of the losses seen in early trade. 

While analysts maintain a cautious approach on Indian equities in the near term, they are more constructive when it comes to the longer run. "After underperforming Asia by 30% in past 12 months, we think the worst is over for Indian equities...recent flow data hints at growing interest among foreign investors," global firm HSBC Global Investment Research said in a report. "We expect Indian equities to see incremental foreign inflows...India offers a hedge and diversification to those who feel uncomfortable with the ongoing AI (artificial intelligence) rally," the firm added. The Indian market is "likely to be an outsized beneficiary" of any additional money coming into the emerging market region, it said. 

The firm also pointed to some comfort on the valuations front, which has been a sticking point for Indian equities over the past year. "Concerns around elevated multiples have kept many investors on the sidelines, but we argue valuations now are not as much of a headwind as they were a year ago...they have come off after the recent underperformance, both against India's own history but also relative to other major Asian peers," it said. Indian equities now offer more value compared to their Chinese counterparts, HSBC said. 

Bajaj Finance and Oil and Natural Gas Corp. are the Nifty 50 constituents that will announce their September quarter earnings on Monday. Bajaj Finance's consolidated net profit is expected to rise nearly 18% on year during the quarter, and its net interest income is seen jumping 26%. ONGC, on the other hand, is expected to report a year-on-year decline in its net profit and net sales, primarily due to a double-digit fall in crude oil prices. Its net profit is seen falling 22% on year.  End

Edited by Tanima Banerjee

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