Sensex Down 165 Points, Nifty at 25,455 as Metal and Banking Stocks Lead Partial Recovery

Market Update at 12:30 PM: Indian stock markets were staging a mild recovery in early trade on Thursday, supported by low-level buying in select Banking and metal shares. The BSE Sensex index was around 83,146, down 165 points or 0.20 per cent, while the Nifty50 was at 25,455, lower by 55 points or 0.21 per cent.

Adani Ports, ICICI Bank, BEL, Sun Pharma, M&M, Bajaj Finance, Power Grid, Kotak Bank, and Tata Steel were among the key gainers helping the Sensex recoup part of its early losses. On the other hand, Bharti Airtel slipped 4 per cent following a block deal trade, while HCL Tech, Tech Mahindra, TCS, Tata Motors PV, SBI, and Maruti Suzuki remained the top laggards.

In the broader market, the Nifty MidCap index turned positive with a 0.03 per cent rise, while the Nifty SmallCap index was off its lows but still down 0.4 per cent. Sector-wise, the Nifty Metal index led the recovery with a 0.8 per cent gain, followed by the Nifty Bank index, which added 0.3 per cent.

Market Update at 09:45 AM: India's equity benchmarks opened lower on Friday, as broad-based profit-taking outweighed the positive impact of an improving corporate earnings outlook and expectations of progress in India–U.S. trade talks.

The Nifty 50 fell 0.64 per cent to 25,346.9, while the Sensex declined 0.67 per cent to 82,740.13 as of 9:22 a.m. IST. Both indices have lost about 1.5 per cent so far this week, cooling off after a 4.5 per cent rise in October.

All 16 major sectors logged losses at the open. The broader Small-Cap and Mid-Cap indices declined 1.2 per cent and 0.8 per cent, respectively, indicating a cautious market sentiment.

Bharti Airtel lost 3.2 per cent after reports that a unit of Singapore Telecommunications offered to sell shares in the telecom company worth USD 1.18 billion at a 3.1 per cent discount to Thursday's closing price.

On the global front, U.S. President Donald Trump said on Thursday that his talks with Indian Prime Minister Narendra Modi were progressing well and that he would be visiting India, as negotiations over trade continued.

Pre-Market Update at 7:40 AM: Equity benchmark indices Sensex and Nifty 50 are expected to open lower on Friday, November 7, tracking weakness in global markets as technology and artificial intelligence (AI) stocks witnessed a sell-off. As of 7:17 AM, the GIFT Nifty was down 78 points at 25,510, indicating a subdued start for the domestic markets.

On Thursday, Indian markets ended in the red for the second straight session amid volatility. The Nifty 50 fell 87.95 points, or 0.34 per cent, to close at 25,509.95, while the Sensex slipped 148.14 points, or 0.18 per cent, to end at 83,311.01. India VIX eased nearly 2 per cent. Nine of the eleven sectoral indices advanced, while Nifty Metal and Realty fell 2.07 per cent and 1.51 per cent, respectively.

Infosys, India’s second-largest IT company, has fixed November 14, 2025, as the record date for its Rs 18,000 crore share buyback to determine shareholder eligibility for participation.

Key companies announcing Q2 FY26 earnings on November 7 include Bajaj Auto, Divis Laboratories, Hindalco Industries, Trent, Power Finance Corporation, Torrent Pharmaceuticals, UNO Minda, FSN E-Commerce Ventures (Nykaa), Kalyan Jewellers India, National Aluminium Company, Petronet LNG, and Cholamandalam Financial Holdings.

Foreign Institutional Investors (FIIs) sold equities worth Rs 3,263.21 crore on Thursday, while Domestic Institutional Investors (DIIs) continued their buying streak for the 10th consecutive session, purchasing shares worth Rs 5,283.91 crore.

US markets closed lower on Thursday as tech stocks faced pressure due to high valuations and economic uncertainty. The Dow Jones Industrial Average dropped 397.35 points, or 0.84 per cent, to 46,913.65. The S&P 500 declined 75.91 points, or 1.12 per cent, to 6,720.38, while the Nasdaq Composite slipped 445.80 points, or 1.90 per cent, to 23,053.99.

The dollar index fell 0.5 per cent to 99.674, as expectations rose for a rate cut at the US Federal Reserve meeting on December 10. Gold prices edged higher amid economic concerns, with spot gold at USD 3,983.54 per ounce, up 0.2 per cent. MCX Gold futures closed at Rs 1,20,613 per 10g, up 0.08 per cent.

Crude oil prices gained slightly, with Brent crude up 0.44 per cent at USD 63.66 a barrel, and US WTI crude futures rising 0.49 per cent to USD 59.71.

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