On Tuesday, the Indian stock market is expected to trade with a cautiously optimistic bias, following modest gains in the previous session.
Benchmark indices showed consolidation after strong recent gains, with broader markets outperforming. Analysts expect selective buying to continue in quality stocks, supported by ongoing earnings announcements and sectoral trends, while the market remains watchful of key support and resistance levels.
Stock Market Outlook For 4 November 2025
Indian equities ended modestly higher on Monday, as investors remained cautious amid mixed global cues. The Sensex closed at 83,978.49, up 39.78 points (+0.05%), while the Nifty closed at 25,763.35, up 41.25 points (+0.16%), reflecting a cautiously optimistic market mood, according to Bajaj Broking.
“Benchmark indices traded in a range and closed marginally higher, signaling a mixed but cautiously optimistic market mood. Broader markets traded with a positive bias as Nifty Midcap100 and Nifty Smallcap100 closed with gains of 0.77% and 0.72% respectively,” Bajaj Broking said.
On the sectoral front, pharma, telecom, realty, and PSU Bank indices added 1-2%, while IT, FMCG, and consumer durables slipped 0.1-0.3%. PSU banking stocks rose for the second session on the back of stronger-than-expected quarterly earnings, improved asset quality, and healthy credit growth prospects.
Nifty Prediction Today: Check Outlook By Top Analysts for 4 November 2025
Bajaj Broking Research notes that the Nifty formed a small bullish candle on Monday, indicating buying demand at lower levels after two sessions of corrective decline. “The ongoing phase of consolidation over the last 8 sessions is best interpreted as a healthy retracement and time correction following a sharp 1,500-point up move in four weeks. We believe the current breather should be used to accumulate quality stocks in a staggered manner,” the brokerage said.
The index is expected to maintain a positive bias and may head towards the recent two-week high of 26,100 and eventually test the all-time high of 26,277. Strong support for Nifty is seen around 25,500-25,300, coinciding with the recent breakout zone and 50-day EMA, which should hold firm.
Bank Nifty Outlook For Tuesday
The Bank Nifty snapped its two-session corrective decline and closed above 58,000, forming a bullish candle within the previous session’s range, suggesting consolidation amid stock-specific action. Bajaj Broking expects the index to extend consolidation in the range of 57,300-58,500, forming a base for the next leg of the uptrend.
“A decisive move above the last two weeks’ high of 58,577 would confirm a breakout continuation, paving the way for a rally towards 59,000,” the brokerage said. Immediate support is placed at 57,300-57,500, while a stronger support base lies near 56,800-56,500. PSU banking stocks are expected to extend their recent outperformance.
Stocks in Focus Today: Sectoral Performance and Earnings Impact
According to Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, “Broader markets outperformed – Nifty Midcap100 rose 0.8% and Smallcap100 gained 0.7%. Nifty Realty was the top gainer (+2.2%) followed by PSU Banks (+2%) amid supportive policy developments. Nifty Pharma also rose (+1.3%) after two sessions of profit booking.”
Earnings reports continue to drive market sentiment. So far, 27 Nifty companies have reported Q2 results, with earnings growth of 5% YoY, slightly below expectations of 6%. Among Motilal Oswal’s coverage of 151 companies, earnings grew 14% YoY in 2QFY26, outperforming estimates of 9% YoY, driven by Oil & Gas (+79%), Technology (+8%), Cement (+147%), Capital Goods (+17%), and Metals (+7%).
Upcoming Triggers for 4 November 2025 Trading Session
Investors will closely watch India’s Manufacturing PMI data today and the US JOLTS job openings report tomorrow. Key earnings scheduled for release include State Bank of India, Mahindra & Mahindra, Adani Ports, InterGlobe Aviation and Indian Hotels. Positive developments in the ongoing India-US trade talks could further boost market sentiment.