The benchmark indices experienced a volatile trading session.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, November 6, 2025: Today, the benchmark indices experienced a volatile trading session. After a roller-coaster activity, the Nifty ended 88 points lower, while the Sensex was down by 148 points. Among sectors, the Media, Tourism, Défense, Metal indices shed over 2 percent, whereas some intraday buying was observed in selective IT stocks.
Technically, after an early morning intraday bounce back, the market encountered resistance near 25,700/84,000 and reversed sharply. From the day’s highest point, the market corrected over 180/600 points. A bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.
We believe that the current market texture is weak, but a fresh sell-off is possible only after the dismissal of 25,450/83,100. Below this level, the market could slip to 25,300-25,250/82,700-82,500. On the upside, above 25,625/83,700, the market could move up to 25,700/84,000. Further upside may also continue, potentially lifting the market to 25,800/84,300.
