The Nifty ended 166 points lower, while the Sensex was down by 519 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, November 4, 2025: Today, the benchmark indices witnessed selling pressure. The Nifty ended 166 points lower, while the Sensex was down by 519 points. Among sectors, almost all the major sectoral indices registered selling pressure, but the Defence, Capital Market and Metal indices shed nearly 1.50 percent. Technically, on intraday charts, the market is holding a lower top formation, and on daily charts, it has formed a bearish candle, which indicates further weakness from the current levels.
We are of the view that, as long as the market is trading below 25,700/83750, weak sentiment is likely to continue. On the downside, the market could slip to 25,550/83300. Further weakness may also persist, which could drag the market to 25,450–25,400/83000-82800. On the flip side, above 25,700/83750, the market is likely to bounce back to 25,800/84100 and 25,875/84400.
The current market texture is volatile; hence, level-based trading would be the ideal strategy for day traders.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Equity benchmarks declined on Tuesday, extending their losing streak amid weak global cues and continued foreign fund outflows. Persistent FII selling weighed on sentiment, with foreign investors offloading Rs1,884 crore worth of equities on Monday their fourth consecutive day of net outflows. Weakness across Asian markets and a decline in U.S. futures added to the pressure, as investors booked profits following recent tech-led rallies. Note that FIIs continue to sell on rallies due to India’s high valuations and muted near-term earnings growth.
Profit booking in metal, auto, and banking stocks also contributed to the decline, while IT heavyweights TCS and Infosys slipped on weak U.S. economic data and uncertainty around the Fed’s next move. We expect downtrend movement unless the Nifty breaks above 25,927, with support seen near 25,500 and 25,400 levels.
