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Markets settle firmly in green amid easing inflation
Nov-14-2025

Indian markets settled firmly in green in the passing week on account of bargain hunting after two consecutive sessions of losses amid easing retail and wholesale inflation in the country, and positive global cues. Market participants monitored the outcome of Bihar Election Results. Hopes of the National Democratic Alliance (NDA) to seal victory in Bihar, aided markets sentiments.

Some of the major developments during the week are:

CPI cools down to 0.25% in October on GST rate cuts, lower food prices: India's retail inflation, measured by Consumer Price Index, cooled down to 0.25% in the month of October 2025, as compared to a revised figure of 1.44% in September 2025 (previously it was estimated at 1.54%) and 6.21% in October 2024.

India's wholesale inflation slips into negative zone in October: India's wholesale price index (WPI) inflation slipped into negative zone in October 2025, easing to (-) 1.21%, over 0.13% in September 2025 due to decrease in prices of crude petroleum & natural gas and non-food articles.

Net direct tax collection grows 7% so far in FY26: Net direct tax collection, which include personal income tax and corporate tax, recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year, on higher corporate tax mop-up and slower refunds.

Unemployment rate in India declines in Q2FY26: The Ministry of Statistics in Periodic Labour Force Survey has showed that the unemployment rate in India among persons of age 15 years and above declined to 5.2% in July-September quarter of FY26 (Q2FY26) from 5.4% in the previous quarter of April-June. 

India to grow at 6.5% through 2027: Moody’s Ratings in its Global Macro Outlook has said it expects India - the fastest-growing G-20 economy - will grow at 6.5% through 2027, supported by domestic and export diversification. Real GDP growth for 2025 calendar year is pegged at 7%, higher than 6.7% in 2024.

BSE movement for the week

The Bombay Stock Exchange (BSE) Sensex surged 1346.50 points or 1.62% to 84,562.78 during the week ended November 14, 2025. The BSE Midcap index gained 418.79 points or 0.90% to 47,187.18 and Smallcap index surged 78.52 points or 0.15% to 53,130.68. On the sectoral front, S&P BSE Consumer Durables was up by 2,325.19 points or 3.88% to 62,294.32, S&P BSE TECK was up by 611.90 points or 3.53% to 17,955.55, S&P BSE Information Technology was up by 987.10 points or 2.87% to 35,413.99, S&P BSE Capital Goods was up by 1,409.37 points or 2.03% to 70,775.41 and S&P BSE Auto was up by 945.32 points or 1.58% to 60,720.63 were the top gainers, while S&P BSE Realty was down by 39.44 points or 0.54% to 7314.11 was the only loser on the BSE.

NSE movement for the week

The Nifty surged 417.75 points or 1.64% to 25,910.05. On the National Stock Exchange (NSE), Nifty IT was up by 1183.65 points or 3.37% to 36,301.25, Nifty Mid Cap 100 increased 896.05 points or 1.50% to 60,739.20, Bank Nifty was up by 640.75 points or 1.11% to 58,517.55 and Nifty Next 50 gained 420.70 points or 0.61% to 69,786.85.

FII transactions during the week

Foreign Institutional Investors (FIIs) were net buyers in equity segment in the week, with gross purchases of Rs 84,090.18 crore and gross sales of Rs 77,613.57 crore, leading to a net inflow of Rs 6,476.61 crore. They also stood as net buyers in the debt segment with gross purchases of Rs 14,354.55 crore against gross sales of Rs 8,558.19 crore, resulting in a net inflow of Rs 5,796.36 crore. In hybrid segment, FIIs stood as net sellers, with gross purchases of Rs 106.21 crore and gross sales of Rs 179.39 crore, leading to a net outflow of Rs 73.18 crore.

Industry and Economy

Chief Economic Advisor (CEA) V Anantha Nageswaran has exuded confidence that India’s economic growth would be upwards of 6.8 per cent in the current financial year (FY26) driven by consumption boost provided by GST rate cut and income tax relief. The Economic Survey tabled in parliament in January had projected real economic growth of 6.3-6.8 per cent for FY26. He noted that back in August, we were all concerned about whether we would even go towards the lower end of the 6-7 range. He added ‘Now I think there is a lot of comfort in saying that it would be definitely north of 6.5 and I am more comfortable saying even north of 6.8 but whether I will put a 7 handle in front of it, I will wait for the second quarter numbers to come out before I move even a notch higher’.

Outlook for the coming week

In the passing week, Indian equity markets ended with gains of over one and half a percent on positive India’s retail inflation data. India’s retail inflation fell to a record low of 0.25 per cent in October. 

In the coming week, on the economy front, market-participants would be eyeing the data of unemployment rate on November 17, Infrastructure Output data going to be out on November 20. Investors will also be awaiting HSBC Composite PMI Flash, HSBC Manufacturing PMI Flash, HSBC Services PMI Flash, Foreign Exchange Reserves data, which scheduled to be released on November 21. 

On the global front, investors will be eyeing macro-economic reports from world’s largest economy, United States, starting with NY Empire State Manufacturing Index on November 17, Redbook YoY and Industrial Production MoM on November 18, FOMC Minutes and Philadelphia Fed Manufacturing Index on November 20, S&P Global Composite PMI Flash, S&P Global Manufacturing PMI Flash, S&P Global Services PMI Flash and Baker Hughes Oil Rig Count on November 21.

Top Gainers 

  • Asian Paints up by 11.66% was the top gainer on Nifty for the week - Asian Paints traded higher on reporting better-than-expected numbers for September quarter. The company’s consolidated net profit grew 43.04% at Rs 993.59 crore for Q2FY26 as compared to Rs 694.64 crore for the same quarter in the previous year. The total income of the company increased by 6.45% at Rs 8,729.91 crore for Q2FY26 as compared to Rs 8,201.09 crore for Q2FY25.
  • Adani Enterprises up by 8.75% was another top gainer on Nifty for the week - The shares of Adani Enterprises surged after its wholly owned subsidiary -- Adani Airport Holdings (AAHL) has executed a Share Purchase Agreement with AGHPort Aviation Services (AGHPort) and Indo Thai Airport Management Services (Equity Seller) to acquire 100% stake in AGHPort. Post completion of transaction contemplated in SPA, AGHPort will be 100% owned by AAHL.

Top Losers 

  • Trent down by 6.15% was the top loser of the week on Nifty - Trent traded lower as traders booked profit post its Q2 earning release. The company reported 11.25% rise in its consolidated net profit at Rs 376.86 crore for the quarter ended September 30, 2025 as compared to Rs 338.75 crore for the same quarter in the previous year. Total income of the company increased by 15.31% at Rs 4,845.23 crore for Q2FY26 as compared to Rs 4,201.94 crore for Q2FY25.
  • Apollo Hospitals Enterprise down by 4.65 % was another top loser of the week on Nifty - Apollo Hospitals Enterprise witnessed profit taking after Q2 numbers. Recently, the company reported 25.98% rise in consolidated net profit at Rs 477.20 crore for Q2FY26 as compared to Rs 378.80 crore for Q2FY25. The total income of the company increased by 12.98% at Rs 6,358.20 crore for Q2FY26 as compared to Rs 5,627.50 crore for Q2FY25.

Technical viewpoints

During the week, CNX Nifty touched the highest level of 26,010.70 on November 13 and lowest level of 25,318.45 on November 11. On the last trading day, the Nifty closed at 25,910.05 with weekly gain of 417.75 points or 1.64 percent. For the coming week, 25,482.10 followed by 25,054.15 are likely to be good support levels for the Nifty, while the index may face resistance at 26,174.35 and further at 26,438.65 levels.

US Market

The U.S. markets traded mostly higher during the week as the longest government shutdown in U.S. has ended with President Donald Trump signing the legislation passed by Congress to temporarily fund federal operations.

Some of the major developments during the week are:

Thirty-year bond auction attracts below average demand: The Treasury Department revealed this month sale of $25 billion worth of thirty-year bonds attracted below average demand.

Fed may slow rate cuts: A growing number of Federal Reserve policymakers in recent days have signaled hesitation about further interest rate cuts, pushing financial market-based odds of a reduction in borrowing costs in December to near even.

U.S. senate votes to advance legislation to end government shutdown: The Senate voted 60-40 in favor of a temporary funding bill, which would also reverse some of the recent mass federal layoffs.

Ten-year note auction attracts below average demand: The Treasury Department announced the results of this month's auction of $42 billion worth of ten-year notes, revealing the sale attracted below average demand.

U.S. crude oil inventories increase much more than expected: The EIA said crude oil inventories shot up by 6.4 million barrels in the week ended November 7, after jumping by 5.2 million barrels in the previous week.

European Market

European markets garnered notable gains during the passing week, following the signing of a funding bill by U.S. President Donald Trump paving the way for the end of the government shutdown in the world's largest economy.

Some of the major developments during the week are:

Eurozone industrial production rises less than forecast: The Eurostat revealed that industrial production grew at a slower-than-expected pace of 0.2 percent in September from August. 

UK GDP expands marginally in Q3: The Office for National Statistics reported that gross domestic product grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion. 

Italy industrial output rebounds strongly in September: The statistical office ISTAT reported that industrial output rose 2.8 percent month-on-month in September, in contrast to the 2.7 percent decrease in August. 

German exports log strongest growth in 10 months: The data from Destatis showed that exports grew by more-than-expected 1.4 percent in September, offsetting the 0.8 percent fall in August. 

German economic confidence weakens in November: A monthly survey conducted by the think tank ZEW showed that the economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month.

Asian Market

Asian markets traded in green during the passing week after Trump signed the funding bill that ended the record 43-day-long shutdown in the US history, while investors were awaiting the resumption of US economic data to gauge the Federal Reserve interest rate path.

Some of the major developments during the week are:

Japan producer prices climb 2.7% in October: Producer prices in Japan were up 2.7 percent on year in October. That exceeded expectations for an increase of 2.5 percent and was unchanged from the September reading.

Japan posts current account surplus in September: Japan posted a seasonally adjusted current account surplus of 4.483 trillion yen in September, up 191.6% on year. That exceeded expectations for a surplus of 2.26 trillion yen.

China’s industrial production rises in October: Industrial production in China was up 4.9 percent on year in October. That was shy of expectations for an increase of 5.5 percent and down from 6.5 percent in September.

China's retail sales up 2.9% in October: China's Retail sales were up 2.9 percent on year in October - exceeding expectations for 2.7 percent after riding 3.0 percent in the previous month.  

China producer prices fall the least in 14 months: China’s producer prices declined 2.1% yoy in October 2025, slowing slightly from a 2.3% drop in the previous month and marking the softest decrease since August 2024.
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