On November 10, 2025, India’s key stock indices opened flat, with subdued investor enthusiasm driven by a mix of global upgrades, a busy IPO calendar, and the ongoing Bihar assembly elections. Market participants cautiously await election results and quarterly corporate earnings amid mixed domestic and global cues.
The Nifty 50 index opened at 25,503.50, inching up 0.04%, while the BSE Sensex rose 0.16% to 83,350.35. The muted start reflects investors’ cautious stance ahead of the Bihar assembly elections and significant IPO activity that could influence market trends.
Global brokerage upgrades from Goldman Sachs and HSBC have injected some optimism, potentially prompting foreign portfolio investors (FPIs) to become net buyers in the coming weeks. However, concerns surrounding the Bihar election results, expected on November 14, have made investors wary in the short term.
The IPO pipeline remains active, with the oversubscribed Lenskart Solutions IPO listing today and Groww IPO allotments awaited, adding to the IPO buzz. The markets are also focused on key Q2 financial results from major corporates, adding another layer of cautious optimism.
Sector-wise, mixed trends are seen, with gains in banking and metals offset by subdued performance in consumer durables and tech stocks. Technical analysis points to Nifty’s support near 25,300 and resistance around 25,550, highlighting a consolidation phase as the market braces for critical events.
Key Highlights
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Nifty 50 opens nearly flat with 0.04% gain; Sensex up 0.16%.
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Positive global brokerage upgrades may attract foreign investment.
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Bihar assembly polls and expectant results keep market positioning cautious.
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Active IPO market with Lenskart listing and Groww allotments in focus.
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Mixed sector performance and technical consolidation with key support and resistance levels.
Sources: ANI News, The Economic Times