The Indian stock market is expected to open lower today, November 4, 2025, tracking mixed cues from global markets. Trends on the GIFT Nifty also indicate a negative start for the Indian benchmark index.
Market Performance Yesterday
On Monday, the Indian stock market ended with marginal gains amidst choppy trading. The Nifty 50 closed at 25,763.35, up by 41.25 points or 0.16%, while the Sensex gained 39.78 points, or 0.05%, to close at 83,978.49.
Global Market Cues
Asian markets displayed mixed trends. Australia's S&P/ASX 200 dropped 0.36%, while Japan's Nikkei 225 was down 0.39% and South Korea's Kospi fell 0.32%. In contrast, Wall Street saw tech-driven gains, with the Nasdaq Composite climbing 0.46% and the S&P 500 edging up by 0.17%.
Nifty Outlook
Experts suggest that the near-term uptrend of the market remains intact. The Nifty is expected to rebound and potentially retest the recent swing high of 26,100 in the coming sessions. Immediate support for the Nifty is placed at 25,650.
Shrikant Chouhan from Kotak Securities notes that 25,700 and 25,650 will act as crucial support zones for day traders. As long as the Nifty trades above these levels, a pullback formation is likely to continue, potentially pushing the index towards 25,875. A fall below 25,650, however, would make the uptrend vulnerable, increasing the chances of the index hitting 25,550.
Nagaraj Shetti from HDFC Securities also maintains a positive outlook, expecting the Nifty to retest the recent high of 26,100. Bajaj Broking anticipates the index to move towards the recent two-week high of 26,100 and eventually test the all-time high of 26,277. Strong support for the Nifty is seen around 25,500-25,300.
Bank Nifty Outlook
The Bank Nifty snapped its two-session decline and closed above 58,000, forming a bullish candle. Bajaj Broking expects the index to consolidate in the range of 57,300-58,500, building a base for the next uptrend. A decisive move above 58,577 would confirm a breakout continuation, potentially leading to a rally towards 59,000. Immediate support is placed at 57,300-57,500, with a stronger support base near 56,800-56,500.
Trading Day Considerations
Today is a regular trading day, with both the NSE and BSE open for trading. All market segments, including equity, derivatives, and currency, will function normally.
Key Levels to Watch
- Sensex: Key support zones at 83,700 and 83,500. Potential upside to 84,300 and 84,700. A fall below 83,500 would increase the chances of hitting 83,200.
- Nifty: Immediate support at 25,650. Resistance near 25,800.
- Bank Nifty: Support at 57,300-57,500, with a stronger base near 56,800-56,500.
F&O Data
Nifty open interest (OI) data indicates the highest call writing at the 25,800 and 25,900 strike prices, while the maximum put OI was observed at the 25,700 strikes, suggesting strong resistance around the 26,000 mark.
Institutional Activity
On Monday, foreign institutional investors (FIIs) net sold shares worth ₹1,686.55 crore, while domestic institutional investors (DIIs) purchased shares worth ₹3,273.65 crore.
Upcoming Economic Data and Earnings
Investors will be closely watching India's Manufacturing PMI data today and the US JOLTS job openings report tomorrow. Key earnings releases scheduled include State Bank of India, Mahindra & Mahindra, Adani Ports, InterGlobe Aviation, and Indian Hotels.
Market Sentiment
Overall market sentiment remains cautiously optimistic, with traders awaiting a decisive close above 25,800 to confirm a continuation of bullish momentum.
