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🕰️ Indian Market Overview
The Indian equity markets wrapped up the final trading day of the week and month on a nervous and cautious tone, as traders booked profits amid global economic uncertainties.
Despite a promising opening, bears regained control mid-session, dragging key indices lower. Overall sentiment remained subdued, with investors keeping a close eye on international market trends and upcoming macroeconomic data.
- NIFTY: ↓ 156 pts at 25,722
- Sensex: ↓ 466 pts at 83,939
- Bank Nifty: ↓ 255 pts at 57,776
👉 A confirmation of fresh strength will only be seen if Nifty decisively moves above the 26,107 mark.
📈 Sectoral Performance
While most sectors ended in the red, PSU Banks emerged as the standout performers of the day.
| Sector | Performance |
|---|---|
| 🟢 Nifty PSU Bank | +1.56% |
| 🟢 Nifty Oil & Gas | +0.07% |
| 🔴 Nifty Media | -1.32% |
| 🔴 Nifty Metal | -1.09% |
| 🔴 Nifty Healthcare | -0.89% |
👉 All other indices ended lower, but PSU Banks showcased resilience — a positive signal for the sector’s ongoing strength.
🧮 Market Statistics
- Advance-Decline Ratio: 09:41 (bearish tilt)
- India VIX: 12.15 (+0.70%) — Slight increase in volatility
- Nifty PCR (04 Nov): 0.50
- Nifty PCR (25 Nov): 1.11
- USD/INR Futures (Nov): 88.81 (-0.01%)
🧭 Technical Outlook — Nifty Insights
(By Riddhi Siddhi Share Brokers Research Desk)
Nifty closed at 25,722, still above all its key moving averages — a sign of underlying medium-term stability despite short-term weakness.
| Moving Average | Level |
|---|---|
| 21 DMA | 25,494 |
| 50 DMA | 25,155 |
| 100 DMA | 25,079 |
| 200 DMA | 24,327 |
Trend: Neutral
Range: 25,622 – 25,822
Support: 25,551 / 25,351
Resistance: 25,878 / 26,107
🔹 A breakout above 26,000 may reignite bullish momentum.
🔹 Below 25,600, caution is advised as weakness could deepen.
🏦 Bank Nifty Update
The Bank Nifty declined by 0.72%, reflecting mild profit-taking.
However, it continues to hover close to its all-time high of 58,577.50, indicating the banking sector’s relative strength.
💼 Mid & Small Cap Action
- Nifty Mid-cap: -0.27%
- Nifty Small-cap: -0.10%
Broader markets saw minor corrections, signalling a cautious stance among traders.
🌟 Stocks in Spotlight
1️⃣ Maruti Suzuki India Ltd
🚗 Q2FY26 Net Profit: ₹3,349 crore (↑8% YoY)
Driven by steady demand and improved operational efficiency, Maruti continues to maintain robust profitability.
2️⃣ TD Power Systems Ltd
⚡ Stock Surge: +12% to ₹768.45 (New All-Time High)
Backed by strong Q2 results and heavy volumes, TD Power remains a favourite among investors.
💪 Bulls of the Day
| Stock | % Gain |
|---|---|
| BEL | +3.98% |
| EICHERMOT | +1.81% |
| SHRIRAMFIN | +1.78% |
| L&T | +1.02% |
| TCS | +0.81% |
🐻 Bears of the Day
| Stock | % Loss |
|---|---|
| ETERNAL | -3.45% |
| NTPC | -2.52% |
| CIPLA | -2.51% |
| MAXHEALTH | -2.50% |
| HDFCLIFE | -2.09% |
🧩 Our View for Monday’s Trade
(Riddhi Siddhi Share Brokers Research Team)
Nifty’s struggle to hold above 26,000 points to short-term fatigue after its recent rally.
👉 Short-term traders can adopt a buy-on-dips strategy near 25,550, keeping a stop-loss below 25,350.
👉 Positional traders are advised to stay light, manage risk, and wait for clear confirmation of strength above 26,107.
Volatility is expected to increase in the coming week, making discipline and risk management crucial.
🚀 Stocks on Our Radar
Bullish (Short-Term Focus)
✅ SBI
✅ Federal Bank
✅ Canara Bank
Bullish (Long-Term Focus)
🌿 BEL
🌿 Cholamandalam Finance
🌿 Grasim
Bearish Setup
🚫 Cipla
🚫 Pidilite
🚫 Indigo
Stocks to Avoid for Now
❌ HAL
❌ Lupin
❌ Max Financial Services (MFSL)
🏁 Bottom Line
The current technical setup indicates a “dark cloud cover” pattern, signalling caution for early November trades.
A decisive close above 26,107 is essential to confirm renewed bullish momentum.
Until then, investors should focus on:
✅ Diversification
✅ Discipline
✅ Defense-oriented trading
⚖️ Disclaimer
(Unified and Comprehensive — by Riddhi Siddhi Share Brokers)
The research content, market analysis, and stock ideas shared above are for educational, learning, and informational purposes only. The data and views expressed represent opinions of Riddhi Siddhi Share Brokers Research Desk and should not be construed as investment advice.
Market investments are subject to risks, including the possible loss of principal. Past performance does not guarantee future results. Please consult your registered financial advisor or investment consultant before making any trading or investment decisions.
Registration granted by SEBI and certification from NISM does not guarantee performance or assure returns. Investors are urged to assess their financial goals, risk appetite, and suitability before investing.