Nifty Ends Below 25,600 Mark; Reliance, HDFC Bank Drag

Market Update at 4:10 PM: On Tuesday, November 4, Indian equity markets ended lower as profit booking across major sectors offset the gains in Bharti Airtel and Titan following their Quarterly Results. The Nifty 50 index fell 165.70 points or 0.64 per cent to close at 25,597, while the Sensex declined 519.34 points or 0.62 per cent to settle at 83,459.15. Both indices remain about 2.5 per cent below their record highs. India’s volatility index, India VIX, stayed steady during the session.

All major sectors closed in negative territory. The Nifty Financial Services index fell 0.4 per cent, while Nifty PSU Bank slipped 0.11 per cent. Nifty IT declined 1.06 per cent as mixed views from US Fed officials led to uncertainty over a potential December rate cut. Nifty Metal dropped 1.44 per cent, leading sectoral losses.

In stock-specific action, Bharti Airtel gained 1.89 per cent after the company reported a surge in quarterly profit. Titan shares rose 2.4 per cent following better-than-expected September quarter results. However, Hero MotoCorp fell 4.5 per cent as the company’s domestic wholesale volumes for October 2025 dropped 8 per cent year-on-year, making it the biggest drag on the Nifty Auto index, which fell 0.86 per cent.

Among the Nifty 50 constituents, Bharti Airtel contributed 21.39 points, Titan added 7.69 points, and Mahindra & Mahindra added 6.84 points to the index. On the downside, HDFC Bank dragged the index by 23.14 points, followed by Reliance Industries with a 20.07-point drag and ICICI Bank with 14.78 points.

The broader markets mirrored the weakness in benchmark indices. The Nifty Midcap 100 declined 0.42 per cent, while the Nifty Smallcap 100 fell 0.82 per cent.

Market breadth was negative as 2,062 stocks declined against 1,034 advancing on the NSE, while 82 stocks remained unchanged. A total of 75 stocks hit their 52-week highs, whereas 81 stocks touched their 52-week lows. Around 71 stocks were locked in their Upper Circuits, and 65 in Lower Circuits.

Market Update at 12:20 PM: Indian equity markets traded in a narrow range on Tuesday, swinging between gains and losses amid weak global cues and absence of major domestic triggers. The BSE Sensex slipped 143 points or 0.17 per cent to trade around 83,835 levels, while the Nifty50 declined 54 points or 0.21 per cent to 25,710.

Among the Sensex constituents, Bharti Airtel, Titan Company, Reliance Industries, Adani Ports, Kotak Bank, and ICICI Bank were the Top Gainers, helping limit market losses. On the other hand, Power Grid, Eternal, Maruti Suzuki, BEL, HCL Tech, and Infosys were the Top Losers, declining up to 2.5 per cent.

In the broader market, the Nifty MidCap index edged higher by 0.03 per cent, while the Nifty SmallCap index fell 0.26 per cent. Sectorally, the Nifty Auto index dropped 0.65 per cent, followed by declines of 0.5 per cent each in the Nifty FMCG and IT indices.

Market Update at 10:30 AM: India’s equity benchmarks remained largely unchanged on Tuesday as markets consolidated following last month’s sharp rally. Gains in Bharti Airtel and Titan Company were offset by weakness in financial stocks.

The Nifty 50 eased 0.07 per cent to 25,744.75, while the BSE Sensex inched up 0.03 per cent to 84,000.64 as of 9:15 a.m. IST. Out of 16 major sectoral indices, eight ended lower. Broader indices, including Small-Caps and Mid-Caps, traded flat during the session.

High-weight financials and state-owned lenders declined around 0.2 per cent each, weighing on overall market sentiment. Among individual gainers, Bharti Airtel rose 2.1 per cent after reporting a surge in quarterly profit driven by an increase in higher-paying users. Titan Company gained 1.5 per cent following a better-than-expected profit in the September quarter, supported by high gold prices.

Pre-Market Update at 7:40 AM: On Monday, November 3, equity benchmark indices — Sensex and Nifty 50 — are expected to open on a muted note amid mixed global cues. As of 7:13 AM, the GIFT Nifty was down 40 points at 25,878, indicating a soft start for the Nifty 50. With no major domestic or global triggers, investor sentiment is likely to be influenced by quarterly earnings announcements and trade-related updates.

Asian markets traded lower in early deals on Tuesday, while U.S. indices ended mixed overnight, supported by gains in technology stocks that pushed the Nasdaq and S&P 500 higher.

Foreign Institutional Investors (FIIs) were net sellers on November 3, offloading equities worth Rs 1,883.78 crore, while Domestic Institutional Investors (DIIs) maintained their buying momentum with net purchases of Rs 3,516.36 crore, marking their eighth consecutive session of inflows.

On the same day, Indian equity benchmarks ended higher, snapping a two-day losing streak as investors reacted positively to Q2 results. The Nifty 50 rose 41.25 points, or 0.16 per cent, to close at 25,763, while the Sensex gained 39.78 points, or 0.05 per cent, to settle at 83,978.49. Both indices remain around 2 per cent below their record highs, with India VIX climbing over 4 per cent.

Sectorally, nine of eleven indices advanced, led by a 1.92 per cent surge in the Nifty PSU Bank index, extending last week’s 4.7 per cent rally following reports of a possible increase in foreign investment limits. Broader markets outperformed as the Nifty Midcap and Smallcap indices also closed higher.

In the US, the Dow Jones Industrial Average fell 226.19 points, or 0.48 per cent, to 47,336.68, while the S&P 500 added 11.77 points, or 0.17 per cent, to 6,851.97. The Nasdaq gained 109.77 points, or 0.46 per cent, to 23,834.72. The ISM reported that U.S. manufacturing contracted for an eighth straight month, with the manufacturing PMI falling to 48.7 in October from 49.1 in September.

Japan’s manufacturing activity also weakened, with the S&P Global Japan Manufacturing PMI dropping to 48.2 in October from 48.5 in September, marking its lowest level since March 2024.

Meanwhile, the U.S. dollar index held near a three-month high, rising 0.1 per cent to 99.99. Gold prices remained steady, trading just below USD 4,000 per ounce as investors evaluated Federal Reserve comments for hints on future rate actions. Spot gold was last seen at USD 3,996.32 per ounce.

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