Nifty and Sensex Likely to See a Cautious Start Today

Pre-Market Update at 7:40 AM: On Monday, November 3, equity benchmark indices — Sensex and Nifty 50 — are expected to open on a cautious note following mixed global market cues. Trends on the GIFT Nifty indicate that the Nifty 50 may open lower by 44 points, as it was trading at 25,853 around 7:16 AM.

During April–September 2025, the Union Government’s fiscal deficit stood at Rs 5.73 lakh crore, representing 36.5 per cent of the FY26 Budget Estimate, compared with 29 per cent during the same period in FY25. The government has projected a fiscal deficit of Rs 15.69 lakh crore for FY26, equivalent to 4.4 per cent of GDP.

The Indian automobile sector recorded strong wholesale growth in October 2025, driven by festive demand and steady consumer confidence. Companies such as Maruti Suzuki, Tata Motors, Hyundai, Mahindra & Mahindra, TVS Motor, Toyota Kirloskar and Kia India reported year-on-year increases across key vehicle categories.

India’s GST revenue for October 2025 stood at Rs 1.96 lakh crore, marking a 4.6 per cent increase over Rs 1.87 lakh crore collected in October 2024, despite Tax rate reductions implemented by the GST Council in September 2025.

In this holiday-shortened week, investors will monitor key market drivers, including Q2 FY26 earnings, macroeconomic data, FII and FPI flows, progress in India-US and US-China trade talks, and global geopolitical developments.

Asian markets traded mixed in early Monday trade, while the US market ended higher last week, with all three indices marking their longest monthly winning streaks in years.

Key Q2 FY26 Earnings (November 3, 2025): Bharti Airtel, Titan Company, Power Grid Corporation of India, Ambuja Cements, Tata Consumer Products, Bharti Hexacom, Hitachi Energy India, GE Vernova TD India, Godfrey Phillips India, AWL Agri Business, 3M India and Gland Pharma.

Institutional Flows: On Friday, October 31, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 6,769.34 crore. Domestic Institutional Investors (DIIs) remained net buyers for the seventh consecutive session, purchasing equities worth Rs 7,068.44 crore.

Friday’s Market Action: The Nifty 50 fell 155.75 points (0.6 per cent) to close at 25,722.10, while the Sensex dropped 465.75 points (0.55 per cent) to 83,938.71. On a weekly basis, the Nifty slipped 0.28 per cent but gained 4.51 per cent in October. Sectorally, financials and metals declined, while PSU Banks gained over 1.5 per cent, supported by Union Bank of India and Canara Bank after their Quarterly Results. Broader markets mirrored benchmark weakness.

Global Markets: In the US, the Dow Jones Industrial Average added 40.75 points (0.09 per cent) to 47,562.87, the S&P 500 gained 17.86 points (0.26 per cent) to 6,840.20, and the Nasdaq Composite advanced 143.81 points (0.61 per cent) to 23,724.96. On a monthly basis, the S&P 500 rose 2.27 per cent, the Nasdaq gained 4.7 per cent, and the Dow added 2.5 per cent.

US-China Trade Update: China will suspend additional export controls on rare earth metals and halt investigations targeting US Semiconductor firms. The US will pause reciprocal tariffs for one year and delay plans for a 100 per cent tariff on Chinese exports.

Commodities: Gold prices declined as the US dollar strengthened and trade tensions eased. Spot gold fell 0.8 per cent to USD 3,968.76 per ounce, while December futures dropped 0.5 per cent to USD 3,978.30 per ounce. Crude oil prices edged higher after OPEC delayed production increases for Q1 2026. Brent crude rose 0.57 per cent to USD 65.15 per barrel, and WTI crude gained 0.62 per cent to USD 61.36 per barrel.

For today, Samaan Capital will remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.