Stock Market Weekly Forecast (November 3–7, 2025): Sensex, Nifty Likely to Consolidate Amid Profit Booking

Indian equity markets are set to begin the first week of November on a cautious note, following a weak close on October 31. Benchmark indices ended lower, with the Nifty slipping below the 25,750 mark as traders booked profits after a strong multi-week rally. At the close, the Sensex declined 465.75 points, or 0.55 percent, to end at 83,938.71, while the Nifty fell 155.75 points or 0.60 percent to settle at 25,722.10.

Stock Market Weekly Forecast From 3 To 7 November 2025

The market's recent strength appears to have entered a consolidation phase, with most positive economic triggers already factored into prices. Globally, investor sentiment remained subdued after the Trump-Xi summit provided only a temporary pause in U.S.-China trade tensions, leaving macroeconomic uncertainties unresolved.

Foreign Investments and Sector Performance

Foreign investors purchased $1.94 billion worth of domestic shares in October up to Thursday, halting a three-month selling streak. All 16 major sectors recorded gains during the month. Small-cap and mid-cap indices grew by 4% and 5.8%, respectively. Financial services, banks, and private lenders saw increases between 4.3% and 6%, supported by strong quarterly results from HDFC Bank and Axis Bank.

The IT sector also experienced a rise of 6.1%, driven by better-than-expected results from TCS, HCLTech, and Wipro. Reliance Industries' shares surged by 9% in October due to a 10% profit increase in the second quarter of the current fiscal year.

Investor Wealth Growth

Investor wealth saw a significant boost this month as the market capitalisation of companies listed on the BSE increased to Rs 470 trillion in October from Rs 452 trillion on September 30th. This growth resulted in an increase of Rs 18 trillion in investor wealth during October.

Jewellery company Titan Company and consumer goods manufacturer Nestle India reported encouraging quarterly results, leading to gains of 11.3% and 10.3%, respectively.

Nifty Prediction This Week: How Nifty50 Will Trade From 3 to 7 November 2025

According to Bajaj Broking, the Nifty's technical setup suggests consolidation with a positive undertone. "On the weekly chart, Nifty has formed a second consecutive shooting star candle, indicating short-term indecision after a sharp 1,500-point rally in four weeks. However, the broader trend remains bullish, and this consolidation should be viewed as a healthy retracement," the brokerage noted.

Bajaj Broking added that strong support is seen near the 25,500-25,300 zone, which coincides with the recent breakout area and the 20-day exponential moving average (EMA). "Traders can use this breather to accumulate quality stocks in a staggered manner for an eventual move toward 26,100 and 26,277, the previous all-time high levels," the note said.

Bank Nifty Weekly Prediction

For the banking sector, Bank Nifty also reflected signs of profit booking. Bajaj Broking highlighted that the index has formed a second consecutive bearish candle with a lower high and lower low pattern, signaling mild correction after recent gains. The index is expected to extend its consolidation within the 57,500-58,500 range, forming a base for the next leg of the uptrend.

"A decisive move above 58,577 would confirm a breakout continuation, paving the way for a rally towards 59,000-59,300, corresponding to key Fibonacci projections. On the downside, support lies at 57,300-57,500, while a stronger base is seen around 56,800-56,500. Overall, the outlook remains positive, and any pullback should be viewed as a buying opportunity within these support areas," Bajaj Broking added.

As the new trading week unfolds, analysts expect the market to remain range-bound with a slight positive bias. While global cues and FII flows will continue to drive near-term direction, the underlying domestic trend suggests that dips could attract buying interest, keeping the medium-term uptrend intact.

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