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Below the Quote on Market Wrap 3rd November 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets held steady on Monday, with the Nifty 50 closing nearly flat at 25,763.35, up 0.13%, indicating continued consolidation after a strong October rally. The index opened on a subdued note and remained range-bound throughout the session amid mixed global cues. Sectorally, the action was split — realty, pharma, and financials registered decent gains, while IT and FMCG lagged behind.

The cautious tone reflected measured positioning after a two-session decline. Investors also focused on festive auto sales, key earnings from Nifty heavyweights, and FII activity, while globally, lingering tension after the Fed hawkishness and ongoing trade discussions kept risk appetite in check. However, steady domestic inflows provided support, limiting the downside.

Going ahead, corporate earnings and trade deal developments are likely to guide market direction, in the absence of major triggers. Technically, Nifty is expected to see further consolidation, with critical support placed around 25,600. Amid this setup, we continue to recommend a selective approach, focusing on sectors showing relative strength, and preferring large-cap and large mid-cap stocks for long trades while maintaining moderate position sizes amid global uncertainty."

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