Stock Market Outlook, 13 Nov: Sensex, Nifty to Continue Uptrend as Bihar Exit Polls Boost Investor Sentiment

Indian equity markets are poised for a positive start on 13 November 2025, following three consecutive sessions of gains. With the Nifty comfortably holding above the 25,850 level and technical indicators signaling bullish momentum, traders can expect continued buying interest, particularly in IT, auto, media, and consumer durables stocks.

Stock Market Outlook Today, 13 November 2025

Dalal Street extended their upward momentum for a third consecutive session on Wednesday, 12 November, with both the Sensex and Nifty closing on a strong note. According to Bajaj Broking, “Indian equity benchmarks extended gains on November 12th, closing on a firm footing with the Nifty decisively reclaiming the 25,850 mark.”

The Sensex rose 595.19 points or 0.71 percent to 84,466.51, while the Nifty gained 180.85 points or 0.70 percent to 25,875.80. Midcap and small-cap indices also performed well, climbing 0.79 percent and 0.82 percent respectively.

Sectoral performance was broadly positive, with all major indices closing in the green except for realty and metals. “Notable strength was seen in media, auto, telecom, IT, and consumer durables, which advanced between 1-2%,” Bajaj Broking noted.

The uptrend was further supported by global markets, which moved higher amid improving investor confidence, optimism around a U.S. government shutdown deal, and expectations of early Fed rate cuts following signs of a slowdown in the U.S. job market.

Nifty Prediction Today: What Traders Can Expect on 13 November 2025

Looking ahead to Thursday’s trading session, Bajaj Broking expects the Nifty to maintain a positive bias. “Nifty formed a bullish candle on the daily chart with a higher high and a higher low and a bullish gap below its base (25,715-25,780) signaling continuation of the up move. Going ahead, we expect the index to maintain positive bias while holding above Wednesday bullish gap area and head towards 26,000-26,100 in the coming sessions.”

The brokerage highlighted strong support levels at 25,300-25,400, aligned with the 50-day EMA, previous breakout levels, and the 50% retracement of the earlier up move (24,587-26,104). Technical indicators also support the bullish outlook.

“Additionally, the daily stochastic oscillator has recently given a fresh buy signal by crossing above its 3-period average after recovering from oversold territory, reinforcing the positive outlook,” Bajaj Broking added.

Bank Nifty Outlook For 13 November 2025

The Bank Nifty, meanwhile, displayed a consolidation pattern. Bajaj Broking noted, “The index formed a bear candle with a higher high and higher low signaling consolidation amid stock specific action. Going forward, the index is expected to maintain a positive bias and move towards the all-time high and the upper band of the recent consolidation zone around 58,577. A decisive move above this level could open the door for further upside towards 59,000 in the coming weeks.”

On the downside, the brokerage pointed to strong support at 57,300-57,100, coinciding with the recent breakout zone and the 20-day EMA. PSU banking stocks are expected to continue their recent outperformance.

Bihar Exit Polls Favoring NDA Lift Investor Sentiment

Market optimism was also fueled by positive domestic and global cues. The upmove was supported by the U.S. softening its stand on India over trade tariffs. Additionally, steady Q2 earnings, exit polls in Bihar pointing to an NDA victory and SIP inflows touching a record high further buoyed sentiments.”

Broader markets remained firm, with Nifty Midcap100 and Smallcap100 up ~0.8% each. Sectoral highlights included a nearly 2% gain in Nifty IT, a 1.2% rise in Nifty Auto, and around 1% gains in Pharma and Media indices. Global sentiment improved after the U.S. Senate agreed to end the prolonged government shutdown, easing investor concerns.

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd, said, “Expectations of continued weekly derivatives expiry and the successful listing of Groww, which saw significant debut gains, further boosted sentiment in the segment. We expect markets to maintain their positive bias, supported by the ongoing earnings season, constructive progress on the India-US trade deal, and improving global cues.”

 

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