Market Summary - November 10, 2025
Indices Recovery: Sensex gained 319 points (0.38%) to close at 83,535, while Nifty50 rose 82 points (0.32%) to 25,574, snapping a three-day losing streak with strong value-buying after mid-session lows.
Currency Stability: Indian rupee held steady at 88.66 against the US dollar with no major breakouts, keeping forex markets calm amid equity strength.
Top Gainers: Infosys led with a 3% surge, followed by Bajaj Finance (+1.88%), HCL Technologies (+1.82%), Coal India (+1.48%), and Asian Paints (+1.46%), with IT stocks bouncing on US shutdown resolution hopes; National Aluminium Company jumped 9.61% on strong earnings growth.
Top Losers: Trent fell 7.42% despite posting 11% YoY profit growth, with Goldman Sachs trimming earnings estimates; Max Health, Tata Consumer Products, and Apollo Hospitals also declined on profit-taking in defensive stocks.
IPO Listing: Lenskart debuted at a 3% discount to its 302 rupee issue price, making it the weakest large IPO of 2025, with concerns over steep 55x FY28 valuation and competitive pressures.
Sector Performance: IT sector was the standout performer, gaining nearly 2% and snapping a six-session losing streak; Metals and Financials also finished in green, while Telecom, FMCG, and Consumer Durables faced profit-taking.
Commodities: MCX gold surged to new highs at 1,23,100 per 10 grams (+1.67%), silver climbed 2.66% to 1,50,680 per kg on safe-haven demand and softer USD; crude oil remained stable around 63-64 dollars per barrel.
Key Driver: US government shutdown resolution hopes emerged as the dominant sentiment driver, lifting risk appetite across IT and exports-oriented sectors with expectations for House vote on Wednesday.
Technical Outlook: Nifty50 continues its rising channel pattern with support holding at 25,525; traders should watch for 25,800 resistance, while BankNifty consolidated between 57,200-58,100 awaiting a sustained breakout above 58,100.
Actionable Insight: Use today's IT rally as a reference point for profit-taking opportunities if positions are significantly in green, or for averaging down if underweight; watch Nifty's ability to hold above 25,550 as confirmation of uptrend resumption.