India Stocks Outlook
Near-term bias positive, investors seen buying on dips
This story was originally published at 17:24 IST on 12 November 2025
Register to read our real-time news.Informist, Wednesday, Nov. 12, 2025
By Gopika Balasubramanium
MUMBAI – Analysts are positive on the domestic equity market in the near term, but expect volatility. Updates on the Bihar election will be keenly tracked by investors on Friday, when the votes will be counted. Discussions on the trade deal between India and the US will provide cues for the investors alongside the record-low India inflation print.
"Technically, the market is signalling that the recent correction is over and the primary uptrend has forcefully resumed," Bhavya Shah, technical analyst at StoxBox, said. "The nearing end of the US government shutdown has removed a massive wall of uncertainty," he said, adding that this, along with weak labour data, suggests a rate cut by the US Federal Reserve in December.
"Definitely, the investor sentiment improved after the (Bihar) exit polls indicated a decisive victory for the NDA (National Democratic Alliance) government," Shah said. "This news was seen as a domestic positive... however, it's worth noting that this was one of the several catalysts," he said. "While the poll results were positive, they are not considered sufficient on their own to cause a decisive breakout and sustained rally," he said.
Two technical analysts expect traders to take a 'buy on dips' strategy in the near term. According to Shah of StoxBox, the Nifty 50 will find support at 25730-25640 points and face resistance at the psychologically important level of 26000 points. "Positional resistance is around 26100, sustenance above the same will take it further higher towards 26300-26500 levels in the near term," said Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market.
Wednesday, the Nifty 50 closed at 25875.80 points, up 180.85 points or 0.7%. The index is now 400 points away from its record high. The BSE Sensex ended the session at 84466.51 points, up 595.10 points or 0.7%. Both indices closed higher for the third straight session.
Broad-based calls to increase overall allocation to Indian equities have not materialised yet, Gautam Chhaochharia, head of global markets, India, UBS, was quoted as saying by CNBC-TV18. He said there is much more comfort in the premiumisation theme and sees stabilisation in private capital expenditure. He prefers sectors such as retail, quick-service restaurants, and food delivery, and is selective about the consumer segment.
Automobile majors Hero Motocorp and Eicher Motors will declare their earnings on Thursday. The net profit growth of Hero MotoCorp is expected to hit a five-quarter high in the September quarter, driven by a double-digit growth in two-wheeler despatches and a moderate growth in average selling price. Robust despatches of Royal Enfield motorcycles are expected to boost the earnings growth of Eicher Motors to multi-quarter highs, but higher marketing expenditure and product launch costs could hit the company's operating margins.
Other companies such as Page Industries, GMR Airports, Samvardhana Motherson International, Bharat Dynamics, Alkem Laboratories, Jubilant Foodworks, Voltas, Apollo Tyres, Muthoot Finance, and Vishal Mega Mart will also announce their Jul-Sept results on Thursday.
Tata Steel closed 1.3% lower at INR 178.61 ahead of its September-quarter earnings, due Wednesday. The company is expected to report strong earnings and operating profit numbers for the quarter, on the back of strong India business and better European operations, and narrowing losses in its Netherlands operations. Analysts expect the stock to trade between INR 174.5 and INR 183.0 in the near term. End
Edited by Saji George Titus
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