Market Closing Update | Thursday, November 6th, 2025
🔻 Nifty Slips Below 25,510 Amid Global Weakness & Bihar Poll Sentiment
The Indian equity market continued its losing streak for the second consecutive session after the holiday break. Amid weak global cues and domestic political uncertainty linked to the Bihar elections, the benchmark indices witnessed a mild correction as traders opted for caution ahead of the weekend.
Nifty 50: 25,510 (−88 pts / −0.34%)
Sensex: 83,311 (−148 pts / −0.18%)
Bank Nifty: 57,554 (−273 pts / −0.47%)
📰 Market Overview
Nifty closed just above the 25,500 mark, weighed down by weakness in Media, Metal, and Consumer Durables stocks. Only Auto and IT sectors managed to stay in green, reflecting selective buying interest amid overall cautious sentiment.
Advance-Decline Ratio: 18 : 32 (in favour of bears)
India VIX: 12.41 (−1.90%) → continues to signal low volatility
Nifty PCR (11 Nov): 0.63 | (25 Nov): 1.05
USD/INR (Nov Futures): 88.68 (−0.12%)
📈 Sectoral Performance
Top Gainers:
Nifty IT (+0.18%)
Nifty Auto (+0.06%)
Top Losers:
Nifty Media (−2.54%)
Nifty Metal (−2.07%)
Nifty Consumer Durables (−1.98%)
🔹 Bottom line: Risk is returning to Dalal Street as traders book profits amid uncertainty.
⚙️ Technical Snapshot
Nifty is now trading below its 21-DMA (25,592) but comfortably above the 50-DMA (25,192) and 100-DMA (25,102) — suggesting near-term consolidation with a neutral bias.
Support levels: 25,380 / 25,350
Resistance levels: 25,750 / 25,850
200-DMA: 24,364
Technically, a decisive close above 25,800 is needed for momentum to turn positive again.
🏦 Sector & Stock Highlights
🔸 In Focus:
SBI – Plans to divest 6.3% stake in SBI Funds Management via IPO. Positive for long-term restructuring.
Godrej Properties – Reported 21% YoY rise in Q2 net profit to ₹403 crore; strong operational growth continues.
Indian Hotels (IHCL) – Slipped 5% to ₹707.20 post Q2 results; stock hit a five-month low amid profit booking.
🚀 Bulls of the Day
Stock Change Comment
ASIAN PAINTS +4.64% Strong buying amid defensive positioning
RELIANCE +1.47% Supported market from steeper fall
ULTRACEMCO +1.04% Cement space witnessing renewed strength
M&M +0.95% Auto demand outlook remains firm
WIPRO +0.90% IT seen as safe haven amid volatility
🐻 Bears of the Day
Stock Change Comment
GRASIM −6.42% Heavy sell-off on weak quarterly commentary
HINDALCO −5.39% Metal weakness due to global cues
ADANIENT −4.50% Pressure across Adani Group counters
POWERGRID −3.15% PSU underperformance continues
ETERNAL −2.62% Selling seen in mid-cap space
📊 Market Breadth & Derivatives View
Broader markets underperformed: Midcap 50 (−0.69%), Smallcap (−1.39%).
Derivatives data indicate a cautious stance as Put Call Ratio (PCR) for near-term expiry stands at 0.63 — highlighting limited aggressive long positions.
🔮 Outlook for Friday’s Trade
After today’s weak closing, traders are likely to stay nimble on long positions. With Bihar election sentiment and global market direction dictating near-term cues, stability around 25,350–25,380 will be crucial. Any sustained move above 25,800–25,950 may bring short-covering.
Strategy: Wait for confirmation. Avoid aggressive buying until Nifty sustains above 25,800 on closing basis.
📘 Nifty Technical Summary
Parameter Level / Status
CMP 25,510
Support 25,351 / 25,188
Resistance 25,800 / 25,952
Trend Neutral
Range 25,379 – 25,644
📈 Bullish Stocks to Watch
ASIAN PAINTS
RBL BANK
RELIANCE INDUSTRIES
Long-term bullish: BEL | CHOLAFIN | DEEP INDUSTRIES
⚠️ Bearish / Weak Stocks
INDHOTEL
GRASIM
CONCOR
Stocks to Avoid (short-term): JIOFIN | DMART | POWERGRID
💬 Final Word
The market sentiment remains on a cautious footing with global weakness and local uncertainty in play. A bounce may occur if global markets turn positive, but traders should stay alert to volatility ahead of key domestic triggers.
Stay disciplined. Trade light. Wait for clarity above 25,800.
📜 Disclaimer
This article is for educational and informational purposes only. It does not constitute financial or investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment or trading decisions. The author, Sahil Goyal, accepts no liability for any loss arising from the use of this content.
📍 Author: Sahil Goyal
🌐 sahilgoyal.blog