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Informist, Thursday, Nov. 13, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Analysts expect the trend emerging from the Bihar assembly election results to lend cues to market Friday. Almost all the exit polls have projected the incumbent National Democratic Alliance to return to the power again. While some analysts expect a kneejerk reaction if there is a surprise loss for the NDA, others say that investors may just look past the negativity. The Bihar election reults assume significance in terms of stability in the central government policies and is not critical on its own. Analysts expect the volatility in the indices to extend on Friday. Further updates on a trade deal between US and India would also be widely track, especially after the US President Donald Trump's positive comments earlier this week.

 

"Market would react negatively if it is a surprise loss and that is very tough to say how much the market would fall, it depends upon what level of surprise is there," a head of research at a small-sized brokerage said. "So market will take it slightly negative, but it's only for a few days out there," the research head said. "Only thing is positive is that it reaffirms that government will be on the same path and there is stability in policy,...things like that," he added. 

 

On the global front, late Wednesday US President Donald Trump signed a short-term funding bill to end the government's longest-ever shutdown. The US government has been shut down since Oct. 1, a first since 2018. Earlier in the day, the US House of Representatives had passed the bill on a 222-209 vote to restart disrupted public services. The package extends funding for the federal government through Jan. 30. The previous shutdown of the government that had lasted for 34 days was during Trump's first term of presidency.

 

Investors will now await the US inflation data for October which is due later in the day. This would give further cues for a interest rate decisions for the US Federal Reserve. The US rate-setting committee is set to meet Dec. 9-10 and traders see a 50% chance for a 25-basis point rate cut at the end of the meeting. In October, the committee voted to cut the federal funds target range by 25 basis points for the second meeting in a row to 3.75-4.00%.

 

Back home, technical analysts expect the Nifty 50 to face volatility ahead of Bihar election outcome. "Nifty 50 formed a high wave candle...signalling consolidation with positive bias amid elevated volatility ahead of the Bihar election outcome," Bajaj Broking said in a note. 

 

Thursday, the Nifty 50 closed at 25879.15 points, up 3.35 points. The 50-stock index crossed 26000 points for the first time since Oct. 30. The BSE Sensex closed at 84478.67 points, up 12.16 points. All broader market indices were under selling pressure and closed lower. "Technically, immediate resistance is placed at 26,000; a decisive move above this level might trigger a rally towards 26200/26350," Rupak De, a senior technical analyst at LKP Securities, said. "On the lower end, immediate support is placed at 25800, below which the current rally might lose some steam."

 

Investors will react to the September quarter earnings of Tata Motors, which now houses commercial vehicles operations after the demerger of the company. The company reported a consolidated net loss of INR 8.67 billion against a profit of INR 4.98 billion a year ago. The company faced loss during the quarter as it marked to market loss on Tata Capital listing. It said it incurred a loss of INR 20.27 billion on equity investments in a subsidiary, as per the company's press release. It did not specify the name of the aforementioned subsidiary. The stock closed at INR 320.75, down 2.6% on the National Stock Exchange.

 

Friday, Tata Motors Passenger Vehicles, which houses its Jaguar Land Rover and other passenger vehicles business, will report its earnings. Nomura expects the passenger vehicle company to report an 87% on-year fall in net profit at INR 236 million and an 8% rise in revenue at INR 127.04 billion. Nomura expects the margins to decline on an year-on-year basis. The stock closed 1% lower at INR 397.95. Others such as Exide Industries, Glenmark Pharmaceuticals, Marico, Max Healthcare Institute, MRF, and Oil India will also declare their results.  End

 

Edited by Akul Nishant Akhoury

 

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