Benchmark indices opened marginally lower on Thursday, with the Sensex at 84,414.99, down 51.52 points or 0.06% from its previous close of 84,466.51. The Nifty slid 9.85 points or 0.04% to 25,865.95 from its prior close of 25,875.80. Earlier in the session, both indices had opened positively, with the Sensex at 84,525.89 and the Nifty at 25,956.00, but subsequently lost ground as investors awaited new cues.
Ponmudi R, CEO of Enrich Money, stated, “The near-term outlook for domestic equities remains constructive, with the Nifty 50 eyeing the 26,000 mark, supported by sustained buying interest across IT, auto, financials, and consumer sectors.” He added that the easing of October CPI inflation to 0.25% reinforced expectations for at least one more repo rate cut by the Reserve Bank of India in the upcoming monetary policy review.
Asian Paints was the top gainer on the Nifty50, surging 3.12% to ₹2,856.30 from ₹2,769.80. Tata Steel rose 1.89% to ₹181.98, while Hindalco advanced 1.47% to ₹806.05. IndiGo climbed 1.28% to ₹5,869.50, and Bajaj Finserv increased 1.22% to ₹2,060.40.
In contrast, Tata Motors Commercial Vehicles led the decliners, falling 2.70% to ₹320.55 from ₹329.45. ONGC declined 1.83% to ₹249.20, and Infosys fell 0.98% to ₹1,536.50. Eicher Motors and Kotak Mahindra Bank saw reductions of 0.89% and 0.78%, respectively, closing at ₹306.05 and ₹2,068.30.
Prashanth Tapse, Senior VP of Research at Mehta Equities Ltd, observed that the Nifty opened strongly on Wednesday and extended its gains as bullish momentum grew. “The index now eyes its all-time high of 26,277.35, driven by several positive catalysts: record highs on Wall Street, easing CPI inflation, optimism around a US–India trade deal, hopes of an end to the US shutdown, and rising expectations of a Fed rate cut,” he noted.
Foreign Institutional Investors continued their selling trend for the third consecutive session on November 12, offloading equities worth ₹1,750 crore. However, Domestic Institutional Investors remained strong buyers, purchasing over ₹5,100 crore in equities.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, emphasized the need for fresh catalysts, stating, “The market requires more triggers to reach new record highs. Important economic factors to monitor include a potential India-US trade deal that could eliminate penal tariffs.”
In the commodities market, bullion prices advanced significantly, with gold holding above $4,150 per troy ounce and silver surpassing $52 per troy ounce. “The near-term technical outlook for gold and silver has turned more bullish, attracting chart-based speculators to engage on the long side of both markets,” said Rahul Kalantri, VP of Commodities at Mehta Equities Ltd.
Crude oil futures traded relatively flat on Thursday morning, with January Brent oil futures at $62.75, up 0.06%, and December WTI crude at $58.50, up 0.02%. November crude oil futures were trading at ₹5,196 on MCX, down 0.04% from the prior close of ₹5,198.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that the IT sector outperformed on Wednesday, gaining nearly 2%. He indicated that for trend-following traders, levels of 25,775/84,300 and the 20-day SMA or 25,700/84,000 would serve as crucial support areas.
Published on November 13, 2025.
