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Below the Quote on Weekly Market Outlook 31th October 2025 from Vinod Nair, Head of Research at Geojit Investments Limited

"The Indian markets wrapped up the last week of October with profit booking as investors took some chips off the table after the sustained rally. While PSU banks surged on reports of a potential hike in foreign investment limits, metal counters gleamed on renewed optimism after China’s pledge to rein in steel overcapacity and signs of progress in US-China trade talks. In contrast, capital market stocks lost momentum as SEBI’s proposed overhaul of TER structures weighed on sentiment.

The precious metals faced extreme volatility, extending a sharp fall from their recent record highs, owing to strengthening US dollar and aggressive profit-booking after the strong rally. Although the Fed delivered the expected rate cut, diminishing prospects of another reduction in December pushed the US 10-year Treasury yield higher.

Looking ahead, the market will closely monitor the nations’ trade talks with the US and the ongoing corporate earnings season, which so far has delivered mixed results.

Moreover, any dips are expected to attract buying interest across core sectors, given the expectation of a better H2, being supported by monetary and fiscal support."

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