Indian stock market indices, the Nifty 50 and the Sensex, are expected to commence trading on November 17, 2025, on a positive note, buoyed by the strong majority secured by the BJP-led NDA in the Bihar elections. This outcome has boosted market sentiment, reinforcing expectations of stability within the coalition government at the Centre.
Market Performance and Expectations
On Friday, November 14, 2025, the Nifty 50 closed at 25,910.05, gaining 30.90 points or 0.12%, while the BSE Sensex ended at 84,562.78, up by 84.11 points or 0.10%. Both indices demonstrated resilience by rebounding in the late afternoon session, supported by PSU bank stocks, after trading in negative territory for most of the day. Over the past week, the Sensex has risen by 1.61%, and the Nifty by 1.63%.
The Gift Nifty was trading around 26,005, indicating a positive start for the Indian benchmark index with a premium of approximately 54 points from the Nifty futures' previous close.
Market Dynamics and Technical Outlook
According to Kotak Securities, as long as the Sensex remains above 84,000, the uptrend is likely to persist. Immediate resistance is expected around 84,900 and 85,200, and a breakout above 85,200 could potentially drive the index towards 85,800-86,400. Conversely, a drop below 84,000 could make the uptrend vulnerable, potentially leading to a retest of the 83,400-82,900 range. Share.Market analysts noted that the technical support for the Sensex is around 83,900 – 84,000, with a sustained move above 84,800 – 85,000 potentially triggering renewed bullish momentum.
Nifty faces immediate resistance in the 26,000-26,100 range. A successful breakout above 26,100 could propel the market towards 26,300–26,500. However, failure to surpass 26,100 may result in consolidation within the 26,100-25,700 range. Immediate support for Nifty is at 25,750, with resistance at 26,000.
Bihar Election Impact
The NDA's victory in the Bihar elections is perceived as a vote for policy continuity and stability, which is favorably received by financial markets. This outcome is expected to strengthen the NDA's broader national political position ahead of upcoming state polls and the 2026 Union Budget, reinforcing expectations of fiscal discipline and growth-oriented reforms. The election results may lead to renewed interest in infrastructure, manufacturing, and PSU stocks.
Expert Opinions and Trading Strategy
Market experts suggest a cautiously optimistic outlook for Monday, with the market expected to test key technical thresholds. Nifty is expected to find buy opportunities near supports at 25,700-25,800, with potential resistance breakout targets at 26,100-26,200. Bank Nifty's support lies in the 57,300-57,500 band, and a move above 58,500 could trigger momentum toward 59,000.
Stock Recommendations
Sumeet Bagadia, Executive Director at Choice Broking, recommends a stock-specific approach, focusing on stocks with strong technical charts. His recommendations for Monday include BEL (Bharat Electronics), SBI (State Bank of India), and Eternal.
Global Influences
While domestic factors are supportive, global headwinds, particularly the sell-off in US tech stocks and hawkish remarks from Federal Reserve officials, may introduce volatility in early trading. Investors will also be closely monitoring the US jobs report scheduled for November 20.
Overall, the Indian stock market is likely to exhibit a positive to cautiously optimistic trend on November 17, 2025, influenced by the stability offered by the Bihar election results and positive technical indicators, though global cues could play a moderating role.
