Nifty 50 & Sensex Outlook for November 3: Cautious Optimism Amid Earnings and Global Cues

After a week of alternating gains and profit booking, Indian equity markets are preparing for a steady to positive session on Monday, November 3, 2025. The Nifty 50 ended the week on a recovery note at 26,053, gaining 117 points, supported by optimism over a potential India-US trade deal and anticipation of the US Federal Reserve's policy decision. Broad-based sectoral gains were seen in Oil & Gas, Metals, Media, and FMCG, although Auto stocks lagged slightly.

Foreign Institutional Investors (FIIs) were robust buyers, pouring in ₹10,340 crore—the highest single-day inflow since June 2025—bolstering market confidence. Brent crude prices eased to around $64.35 per barrel, offering additional relief.

Looking ahead, market participants remain cautious due to the upcoming Fed policy, with the Nifty 50 expected to find support around 25,900–25,950 and resistance at 26,150–26,200. Key earnings from ITC, NTPC, Adani Power, and Hyundai Motor will be closely watched for cues. While technical indicators signal some caution, the overall outlook suggests consolidation with a positive tilt in the near term.

Key Highlights

Nifty 50 closed at 26,053 last week with a 0.5% gain.​

Strong sectoral rallies in Oil & Gas (+2%), Metals (+1.7%), Media (+1.6%), FMCG (+0.9%).​

Auto sector witnessed minor losses of 0.7%.​

FIIs injected ₹10,340 crore, marking significant inflow momentum.​

Brent crude stable near $64.35 per barrel providing market comfort.​

Nifty support levels: 25,900–25,950; resistance: 26,150–26,200.​

Key corporate earnings to influence market trend include ITC, NTPC, Adani Power, Hyundai Motor.​

Sources: Goodreturns.in, Motilal Oswal Financial Services Ltd. research, NSE, BSE.