November 4, 2025 : Indian equity markets traded rangebound on Tuesday, with both the SENSEX and NIFTY showing limited movement amid global uncertainty and weak cues from Asian markets. Investors remained cautious ahead of key macroeconomic data expected later this week, including the US Fed’s policy stance and India’s upcoming PMI numbers.
The BSE SENSEX hovered near the flat line for most of the session, fluctuating within a narrow band as gains in banking and auto stocks were offset by declines in FMCG and IT counters. The NSE NIFTY50 also moved sideways, reflecting a lack of strong directional triggers.
Ola Electric in Spotlight
Shares of Ola Electric remained active after reports of a potential global expansion plan and strong initial response to its new scooter lineup. Market analysts noted heightened investor interest after the company hinted at targeting new European markets in 2025. The stock saw increased volumes, signalling positive sentiment.
Redington Surges on Strong Guidance
Redington was one of the top gainers in the midcap space as the stock jumped on strong quarterly guidance and rising demand in the IT distribution segment. Analysts predict further upside backed by solid fundamentals and improving margins.
SBI Edges Higher
Public-sector banking giant State Bank of India (SBI) traded with mild gains following reports of strong credit growth in Q2 and improved asset quality. Investors also reacted positively to expectations of stable interest margins ahead.
Asian Paints Under Pressure
Shares of Asian Paints slipped due to concerns over rising raw material costs and declining demand in rural markets. Analysts say the company may face margin pressure if crude-linked input prices continue to rise.
Market Sentiment Neutral
Overall market breadth remained mixed, with financials and autos providing support while IT, FMCG, and consumer sectors dragged. Traders expect volatility to pick up in the coming sessions as global market cues strengthen.
Despite the muted performance, experts believe Indian markets remain structurally strong, supported by domestic liquidity, healthy earnings expectations, and stable macroeconomic indicators.
Summary
Indian markets traded rangebound, with SENSEX and NIFTY flat. Ola Electric, Redington, SBI, and Asian Paints were key movers as investors awaited global cues and upcoming economic data.