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Informist, Tuesday, Nov. 11, 2025

 

By Akash Mandal

 

MUMBAI – The benchmark indices are likely to move in a range Wednesday and the Nifty 50 is likely to face strong resistance at 25750-25800 points. However, if the index manages to cross that hurdle, it is expected to move towards 26000 points, analysts said. Technical analysts pegged support for the 50-stock index at 25600-25500 points.

 

"The (Nifty 50) index has demonstrated resilience over the past several sessions, successfully reclaiming the 20 DEMA (day exponential moving average), suggesting underlying strength... from here on, the resistance zone is situated between 25750 and 25800 and a decisive breakout above this level is likely to catalyze increased momentum and further upward movement in the market in the subsequent sessions," Rajesh Bhosale, equity technical analyst, Angel One, said in a note.

 

"Looking ahead, we expect the index to maintain positive bias and gradually head towards the immediate resistance at 25850 and eventually towards the recent 52-week high of 26100," Bajaj Broking said in a note. "Buying interest has recently picked up from the key support zone of 25200–25400, which aligns with the 50-day EMA, the previous breakout level, and the 50% retracement of the earlier up move (24587–26104)," the brokerage added.

 

Tuesday, the Nifty 50 ended at 25694.95 points, up 120.60 points or 0.5%. The BSE Sensex ended at 83871.32 points, up 335.97 points or 0.4%. Both indices recovered from a slow start and ended higher for the second straight session. The market will eye further progress in trade talks between India and the US, which could be a key trigger for further gains. Hopes of a trade deal between both countries were revived after US President Donald Trump early Monday hinted about progress on the deal, saying, "We're making a deal with India... I think we're pretty close to doing a deal that is good for everybody."

 

Asian Paints and Tata Steel are the Nifty 50 companies set to announce their September quarter earnings Wednesday. Asian Paints is projected to report a 3% year-on-year rise in consolidated net profit and its revenue is seen rising 1%. The earnings are expected to have been weighed down by the extended monsoon season, rising competition, and a subdued demand environment.

 

Tata Steel's consolidated net profit for the quarter is seen jumping 3.4 times on a strong rise in steel delivery volumes from its India factories, a moderate increase in volumes from its European operations, and narrowing losses in its Netherlands operations. Ashok Leyland, Indian Railway Catering and Tourism Corp., Info Edge (India), Hindustan Aeronautics, Cochin Shipyard, Prestige Estates Projects, Indraprastha Gas, and IRB Infrastructure Developers are some of the other companies slated to announce their earnings on the day.  End

 

Edited by Rajeev Pai

 

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