GIFT Nifty 🇮🇳: (-35, 25866)
Welcome to the 1st trading day of the week — and the November month.
First, the re-cap of Friday’s trading: Nifty, Sensex and Bank Nifty received massive drubbing in Friday’s trade. The negative takeaway was that all sectoral indices ended in red barring Nifty PSU Banks.
The 3-big questions:
1) Are Nifty and its stocks already priced to perfection?
2) The return of risk??
3) Will the bulls stage a comeback, or will caution continue to weigh on sentiment?
Nifty’s record peak of 26,277.35 may remain just out of reach for now, as investors adopt a wait-and-watch approach with a mildly negative bias toward Indian equities.
Key Headwinds:
1) The Fed’s ambiguous stance on a potential December rate cut.
2) Lack of clarity in the ongoing U.S.–India trade negotiations.
3) Muted Q2 earnings season from India Inc.
Now, here is good news:
India’s Goods and Services Tax (GST) collections for October 2025——grew 4.6% year-on-year to ₹1.96 lakh crore, indicating resilience in consumption despite extensive GST rate rationalisation during the month.
Agreed that the October GST figures aligns with Indian government expectations, but please note, the street still believes that only the upcoming November-December months will offer a clearer picture of revenue buoyancy under the new lower-rate regime.
Long Story Short: Technically, look for buying only above Nifty 26107 mark.
Until then the gyan mantra is to stay cautious on long positions.
Meanwhile, our stock markets will remain closed on Wednesday, November 5th 2025 on account of Guru Nanak Jayanti.
STOCKS IN SPOTLIGHT:
Q2 earnings for the day:
BHARTI AIRTEL
TITAN
POWERGRID
AMBUJA CEMENTS
TATA CONSUMER
AJANT PHARMA
JK PAPER.
Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25722): Sell between 25800-25800 zone. Stop at 26421. Targets 25600/25451. Aggressive targets at 24900-25101 zone.
Bank Nifty (57776): Sell at CMP. Stop at 58751. Targets 57351/57000. Aggressive targets at 56600-56700 zone.
The 1 Stock to Buy Right Now: Buy ESCORTS KUBOTA (CMP 3787): Escorts Kubota is a well-known engineering conglomerate with operations in agricultural machinery, construction & material handling equipment, and railway equipment. The company entered a strategic partnership with Japan’s Kubota Corporation. Look to buy at CMP, and on dips between 3450-3500 zone, targeting 3900/4181, and then aggressive targets at 4550-4750 zone. Stop below 3163. Holding Period 9-12 Months.
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