Mumbai: Nifty advanced 67 points, or 0.26 per cent, to 25,664, and Sensex climbed 324 points, or 0.39 per cent, to 83,783, as Indian benchmark indices opened on a strong note November 6, 2025, supported by upbeat global cues and solid gains in automobile stocks.
However, the broader markets moved differently from the benchmarks. The Nifty Midcap 100 slipped 0.10 per cent, and the Nifty Smallcap 100 declined 0.24 per cent. Asian Paints, SBI, L&T, and NTPC led the gainers on the Nifty, while Hindalco, Shriram Finance, Bajaj Finance, Apollo Hospitals, and Dr. Reddy’s Labs saw losses.
Among sectors, most indices traded in positive territory except Nifty Media, Nifty Metal, and Financial Services. Nifty Auto emerged as the top performer with a 0.91 per cent rise, while FMCG added 0.77 per cent. On the other hand, Nifty Metal dropped 1.01 per cent, trimming some early gains.
Meanwhile, India Inc’s second-quarter FY26 results surpassed expectations with a 14 per cent year-on-year earnings growth across key sectors. Mid-cap companies particularly showed strong performance, boosting overall corporate sentiment. Moreover, several brokerages reported that earnings upgrades outnumbered downgrades after many quarters, reflecting growing confidence in profitability.
Despite this, analysts cautioned that renewed foreign investor selling and rising short positions could pressure markets soon. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that Wednesday’s holiday protected Indian markets from minor global volatility.
He added that the US Supreme Court’s hearing on Donald Trump’s tariff policies would be closely watched. Some judges observed that “President Trump had overstepped his authority,” which could affect global markets. If the final ruling supports this view, volatility may increase, though emerging markets like India could benefit from a sharp rally.
Analysts identified key resistance levels at 25,700 and 25,800, with support near 25,450 and 25,500. Therefore, traders are likely to stay cautious around these ranges.
Overnight, US markets closed mixed as the Nasdaq gained 0.46 per cent and the S&P 500 edged up 0.17 per cent, while the Dow slipped 0.48 per cent. Furthermore, most Asian indices traded higher, with Japan’s Nikkei up 1.45 per cent and Hong Kong’s Hang Seng rising 1.69 per cent.
Finally, FIIs sold equities worth Rs 1,883 crore Tuesday, whereas DIIs bought shares worth Rs 3,516 crore for the seventh straight session.
Also Read: Strong Midcap gains lift India’s Q2 FY26 earnings