Opening Bell : Benchmarks to make positive start post Bihar election results
Indian equity markets are likely to make a positive start on Monday as Bihar election results added optimism about stability of the coalition government at the Centre. However, some cautiousness may come from foreign institutional investors (FII), who offloaded equities worth Rs 4,968.22 crore on Friday.
Some of the key factors to be watched:
India, EAEU review roadmap for proposed FTA to deepen trade, market access: The commerce ministry has said that India and the five-nation grouping Eurasian Economic Commission have reviewed the roadmap for their proposed free trade agreement in goods with an aim to boost economic ties between the two.
Venezuela, India to boost Critical Minerals Cooperation: The commerce ministry has said that Venezuela has expressed keen interest in enhancing cooperation with India in critical minerals sector and attract investments.
Examining relief measures for SEZs to boost production: The Commerce and Industry minister Piyush Goyal has said that the government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs). He also said that the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India.
India's economic growth, social inclusion can advance together: UN Development Programme’s (UNDP) Acting Administrator Haoliang Xu said that India has demonstrated that economic growth and social inclusion can advance together and it is helping translate its success stories into global lessons for a more equitable world.
India’s forex reserves drop $2.70 billion to $687 billion: The Reserve Bank of India data showed that India's foreign exchange reserves dropped by another $2.699 billion to $687.034 billion during the week ended November 7.
On the global front: The US markets ended mostly in red on Friday as uncertainty about the outlook for interest rates continue to weigh on investors’ sentiments. Asian markets are trading mixed on Monday, tracking cues from Wall Street on Friday.
Back home, Indian equity benchmarks reversed early losses to end modestly higher on Friday as investors turned to buying blue-chip stocks at beaten down prices. The sharp reversal followed counting trends pointing to a decisive win for the BJP-led National Democratic Alliance. Finally, the BSE Sensex rose 84.11 points or 0.10% to 84,562.78 and the CNX Nifty was up by 30.90 points or 0.12% to 25,910.05.
Some of the important factors in trade:
India, Canada discuss ways to promote bilateral trade, investments: India and Canada have held discussions on ways to promote bilateral trade and investments besides advancing collaborations in areas, including supply chain resilience, and health sectors.
Moody's pegs India's growth at 7% for 2025: Moody's Ratings has projected India’s economy to grow at 7 per cent in 2025 and 6.5 per cent in the next year, supported by domestic and export diversification, amid a neutral-to-easy monetary policy stance.
India's wholesale inflation slips into negative zone in October: India's wholesale price index (WPI) inflation slipped into the negative zone in the month of October 2025, easing to (-) 1.21%, compared with 0.13% in September 2025.
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Daily Technical Report 17th November 2025 by Axis Securities Ltd
