On Monday, November 3, equity benchmark indices — Sensex and Nifty 50 — are expected to open on a cautious note, following mixed cues from global markets.
Trends on the GIFT Nifty indicate that the Nifty 50 may open lower by 44 points, as the GIFT Nifty was trading 44 points lower at 25,853 around 7:16 AM.
During April–September 2025, the Union Government’s fiscal deficit stood at ₹5.73 lakh crore, representing 36.5% of the FY26 Budget Estimate, compared with 29% during the same period in FY25. For FY26, the government has projected a fiscal deficit of ₹15.69 lakh crore, equivalent to 4.4% of GDP.
The Indian automobile sector posted strong wholesale growth in October 2025, driven by festive season demand and steady consumer confidence. Leading manufacturers such as Maruti Suzuki, Tata Motors, Hyundai, Mahindra & Mahindra, TVS Motor, Toyota Kirloskar, and Kia India reported year-on-year increases across major vehicle categories.
India’s GST revenue for October 2025 stood at ₹1.96 lakh crore, marking a 4.6% rise over ₹1.87 lakh crore collected in October 2024. The increase came even after the GST Council implemented certain tax reductions in September 2025.
In this holiday-shortened week, investors will track several key market drivers, including the upcoming Q2 earnings, major domestic and global macroeconomic data releases, movements in FII and FPI flows, progress on the India-US and US-China trade discussions, and other important geopolitical developments shaping global sentiment.
In early trade on Monday, Asian markets traded mixed, while the US stock market ended higher last week, with all three indices posting their longest monthly winning streaks in years.
Bharti Airtel, Titan Company, Power Grid Corporation of India, Ambuja Cements, TATA Consumer Products, Bharti Hexacom, Hitachi Energy India, GE Vernova TD India, Godfrey Phillips India, AWL Agri Business, 3M India and Gland Pharma will announce their Q2 earnings on November 3.
On Friday, October 31, Foreign Institutional Investors (FIIs) were net sellers, selling equities worth ₹6,769.34 crore. Domestic Institutional Investors (DIIs) continued their positive stance, buying equities worth ₹7,068.44 crore, marking their 7th consecutive session of net inflows.
On Friday, October 31, Indian equity indices ended lower for the second session as profit booking and concerns over a delayed US rate cut weighed on sentiment. The Nifty 50 dropped 155.75 points (0.6%) to 25,722.10, and the Sensex fell 465.75 points (0.55%) to 83,938.71. On a weekly basis, the Nifty slipped 0.28%, but gained 4.51% in October.
Sectorally, financials and metals dragged the market, with the Nifty Financial Services index down 0.87% and the Nifty Metal index down 1.09%. However, PSU banks outperformed, with the Nifty PSU Bank index rising over 1.5% on gains in Union Bank of India and Canara Bank after quarterly results. Broader markets also ended in the red, mirroring the benchmarks.
U.S. markets finished higher on Friday, with all three major indices posting both weekly advances and their longest monthly winning streaks in several years.
The Dow Jones Industrial Average added 40.75 points, or 0.09%, to close at 47,562.87. The S&P 500 gained 17.86 points, or 0.26%, ending at 6,840.20, while the Nasdaq Composite advanced 143.81 points, or 0.61%, to settle at 23,724.96.
On a monthly basis, the S&P 500 rose 2.27%, the Nasdaq jumped 4.7%, and the Dow gained 2.5%. Over the week, the S&P 500 advanced 0.7%, the Nasdaq increased 2.24%, and the Dow added 0.75%.
China will effectively suspend implementation of additional export controls on rare earth metals and suspend investigations targeting US companies in the semiconductor supply chain, the White House announced. Washington will also pause some of Trump’s reciprocal tariffs on China for an additional year and is halting plans to implement a 100% tariff on Chinese exports to the US.
Gold prices declined as the US dollar strengthened and trade tensions between the US and China eased. Spot gold dropped 0.8% to $3,968.76 per ounce, while December futures on the US exchange slipped 0.5% to $3,978.30 per ounce.
Crude oil prices edged higher after OPEC decided to delay production increases for the first quarter of next year. Brent crude gained 0.57% to $65.15 per barrel, while US West Texas Intermediate (WTI) crude rose 0.62% to $61.36 per barrel.
Disclaimer: The article is for informational purposes only and not investment advice.
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