November 3, 2025 : Indian benchmark indices witnessed a mixed trading session on Monday, with the NIFTY50 managing to stay above the 25,700 mark, even as the SENSEX slipped around 50 points amid cautious sentiment across global markets.
At noon, the SENSEX was down 50 points at 85,290, while the NIFTY50 traded marginally higher at 25,712, showing signs of resilience despite weakness in select heavyweight counters.
Bharti Airtel, Titan, and Vi among active movers
In sectoral movements, telecom, FMCG, and metal stocks were in focus. Bharti Airtel gained over 2.3%, becoming one of the top performers on the NIFTY index, following reports that the telecom major may soon roll out its satellite internet services under the OneWeb initiative.
Titan Company also saw positive traction, rising nearly 1.8%, as festive demand for jewellery and watches boosted investor confidence. Analysts expect Titan’s Q3 earnings to remain strong, aided by steady consumer sentiment and brand-led expansion.
Meanwhile, Vodafone Idea (Vi) shares surged more than 3.5% on reports that the telecom operator could raise fresh capital through a combination of equity and debt. The market remains optimistic about the government’s continued support for the revival of the telecom sector.
Pharma and banking drag indices
On the flip side, pharma and banking stocks witnessed profit booking. Dr. Reddy’s Laboratories and Sun Pharma declined by around 1-1.5%, following a weak start to the week amid muted global cues.
Banking giants such as HDFC Bank, ICICI Bank, and Axis Bank also traded in the red, collectively pulling the indices lower. The NIFTY Bank index slipped by around 0.3%, largely due to foreign investor selling and concerns about rising deposit costs affecting margins.
Global cues remain mixed
Asian markets showed a mixed pattern, with investors reacting to U.S. Federal Reserve commentary hinting at a “data-dependent approach” to future rate moves. Japan’s Nikkei 225 edged higher, while Hong Kong’s Hang Seng and China’s Shanghai Composite traded lower due to persistent concerns over property debt and deflationary pressures.
U.S. futures were also flat, suggesting a cautious start on Wall Street later in the day. Analysts believe that investors are awaiting the next set of U.S. inflation data and Fed statements, which could provide clues about interest rate direction into 2026.
Broader market outperforms
The broader indices outperformed, with the BSE Midcap and Smallcap indices up by 0.4% and 0.6%, respectively. Buying interest was seen in consumer goods, realty, and auto counters.
Among notable midcap gainers were Trent, Voltas, and Dabur India, while Indraprastha Gas and Jubilant FoodWorks remained under mild pressure.
Rupee and commodity update
On the currency front, the Indian rupee traded flat at ₹83.21 against the U.S. dollar, as dollar strength limited gains despite steady inflows into Indian equities.
In the commodities space, crude oil prices edged lower due to higher U.S. inventories and easing Middle East tensions. Brent crude hovered around $82 per barrel, while domestic gold prices remained firm amid safe-haven demand.
Technical view
According to analysts, the NIFTY50 continues to face resistance around 25,800–25,850 levels, while immediate support lies near 25,550. A decisive move above 25,850 could trigger further buying momentum toward 26,000 levels.
Technical experts from Chandan Taparia’s team at Motilal Oswal suggested that traders should remain selective. “NIFTY is consolidating within a narrow range. A breakout above 25,850 can push the index toward new highs, while support at 25,550 must hold to maintain positive momentum,” Taparia said.
The Bank NIFTY, on the other hand, remains range-bound between 54,800 and 55,400, reflecting mixed signals from banking heavyweights.
Market outlook
Analysts expect volatility to remain elevated this week, given multiple domestic and global triggers including:
- Corporate earnings updates from key sectors such as banking, IT, and FMCG.
- Crude oil price movement and rupee fluctuations.
- Global macroeconomic data releases, particularly U.S. inflation and job market updates.
Investors are advised to adopt a buy-on-dips approach in sectors like telecom, auto, and consumer discretionary, while remaining cautious on IT and pharma counters.
Expert take
Market expert Amit Goel of Pace360 said, “The market is in a consolidation phase after a strong rally. Broader participation from midcaps and smallcaps indicates underlying strength, but traders should be alert to profit-booking near highs.”
Meanwhile, Rupak De of LKP Securities commented, “SENSEX might witness sideways movement as investors digest mixed corporate earnings. A sustained break above 26,000 on NIFTY could signal renewed bullishness.”
Overall, the sentiment remains cautiously optimistic, with stock-specific actions likely to dominate in the coming sessions.
Summary
NIFTY50 stays above 25,700 while SENSEX slips 50 points amid mixed global cues; Bharti Airtel, Titan, and Vi lead gains, while pharma and banking stocks witness profit booking.