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Informist, Monday, Nov. 10, 2025

 

By Akash Mandal

 

MUMBAI – The benchmark indices are likely to move in a thin range in upcoming sessions amid a lack of fresh triggers for the market. Some of the potential triggers are a re-rating of equities once the earnings season ends, further progress on the trade deal negotiations between India and the US, or a positive outcome in the US Supreme Court's hearing on the legality of President Donald Trump's trade tariffs, analysts said.

 

"We reiterate our bullish view on Nifty 50 index (in the longer run) till it is holding above 25300 spot levels on closing basis... cross and sustenance above 25700 will instigate the bullish momentum that will take it towards 26100 and high levels in near term," Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market, said. 

 

"On the higher side, it (the Nifty 50) encountered resistance near the 50 EMA (50-day exponential moving average), while failing to sustain above the 21 EMA on a closing basis--a signal that a weakness may persist over the next one to two sessions," Rupak De, senior technical analyst at LKP Securities, said in a note. "...a decisive move above 25600 will be crucial to confirm the resumption of a directional upmove... until then, the index is likely to continue its sideways consolidation phase," De said. 

 

Monday, the Nifty 50 ended at 25574.35 points, up 82.05 points or 0.3%, having risen to 25653.45 points before facing selling pressure. The BSE Sensex closed the session at 83535.35 points, up 319.07 points or 0.4%. Both indices ended a three-session fall. Going ahead, the 50-stock index is likely to move in a range of 25300-25700 points.

 

In other news, Goldman Sachs raised its rating on Indian equities to "overweight" due to factors such as growth-inducive policies, revival in earnings, anticipation of foreign fund inflows, and valuation backed by growth. The brokerage now expects a 14% upside in the benchmark Nifty 50 in the next year, driven by hopes of revival in mass consumption and development in new economy and high growth sectors. The firm downgraded information technology to "underweight" and has similar rating on the industrials, pharmaceuticals, and chemicals sectors. It has a "medium-weight" rating on metals and mining companies.

 

Bajaj Finserv is the only Nifty 50 company scheduled to detail its September quarter earnings Tuesday. Bajaj Holdings & Investment, Tata Power Co., and Bosch are the Nifty 100 constituents set to report their quarterly earnings during the day.  End

 

Edited by Rajeev Pai

 

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