Weekly Update- 31 October 2025

NIFTY50

Nifty ended the week with a marginal decline of 0.28%, closing at 25,722. The week began on a strong note, with the index approaching its key resistance zone of 26,100–26,200. As the week progressed, some profit booking was witnessed from higher levels, leading to a mild retracement. However, the broader market structure remained resilient, supported by sectoral rotation and continued investor participation across multiple segments.

Despite the short-term pause, market breadth stayed positive, reflecting underlying strength and accumulation on declines. The overall sentiment remains constructive, with the trend still favoring a buy-on-dips strategy. Going forward, strong support is seen near 25,500, and a sustained move above the resistance zone could trigger the next leg of upside momentum

BANKNIFTY

Bank Nifty ended the week with a modest gain of 0.13%, closing at 57,776. The week started on a positive note, with the index testing its resistance zone near 58,500. As the week progressed, profit booking emerged from higher levels, leading to a brief consolidation phase. Despite this, market breadth remained strong, driven by notable PSU bank participation and relative outperformance, which provided stability to the index.

The overall sentiment continues to stay constructive, with buy-on-dips remaining the preferred strategy amid sustained optimism in the banking space. Key support is placed near 57,250, and holding above this zone could pave the way for renewed momentum in the coming sessions.

TOP GAINING SECTOR

NIFTY PSUBANK was top gainer sector for the week

Major gainers were:-

CANBK:- up by 8.98%

PNB:- up by 5.09%

BANKBARODA:- up by 4.58%

BANKINDIA:- up by 4.47%

TOP LOSING SECTOR

NIFTY AUTO was top losing sector for the week

Major losers were:-

M&M:- down by 3.88%

BOSCH:- down by 3.47%

TVSMOTORS:- down by 2.53%

EXIDEIND:- down by 1.75%

IMPORTANT NEWS

• The first week of November brings a flurry of corporate actions, including interim dividends and a stock split from major listed companies. Several blue-chip and mid-cap names across FMCG, pharma, finance, and industrials have announced dividend payouts, with record dates falling between November 3 and November 7, 2025.

• Central Depository Services (India) Limited (CDSL) reported a 13.6% year-on-year drop in net profit to Rs 140.21 crore for the September 2025 quarter. Revenue also saw a slight dip. However, sequentially, net profit surged by 37%. CDSL, a key player in India’s securities market, holds over 16.5 crore investor accounts.

• Morgan Stanley has updated its India Equity Strategy focus list. Reliance Industries and Varun Beverages are now included. Interglobe Aviation and Jubilant Foodworks have been removed. The firm favors large private sector companies in Financials, Consumer, and Industrial sectors. Reliance Industries’ AI and green energy initiatives are highlighted. Varun Beverages’ growth potential is also noted.
• Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest in these lenders.

• Indian markets are watching a strong US stock rally. Investors are focused on upcoming company earnings and the US Federal Reserve’s interest rate decisions. The market is at high valuations, making earnings crucial for future gains. The first week of November is historically positive for stocks. AI investments are a key theme, with companies announcing spending and investors seeking returns.