The Indian equity market ended the week on a cautious note as profit-taking weighed on sentiment. Market movements were volatile, reflecting mixed corporate earnings and moderating economic growth. Manufacturing remained robust, while services growth eased slightly. Select stocks outperformed, but overall market sentiment remained cautious. Investors stayed alert ahead of upcoming macroeconomic cues and global developments.
In the week ended on Friday, 7 November 2025, the S&P BSE Sensex declined 722.43 points or 0.86% to settle at 83,216.28. The Nifty 50 index tanked 229.8 points or 0.89% to settle at 25,492.30. The BSE Mid-Cap index rose 0.25% to close at 46,768.39. The BSE Small-Cap fell 0.01% to end at 53,052.16.
Weekly Index Movement:
The key domestic indices ended with minor gains on Monday. The S&P BSE Sensex advanced 39.78 points or 0.05% to 83,978.49. The Nifty 50 index added 41.25 points or 0.16% to 25,763.25.
The key domestic indices ended with sharp losses on Tuesday. The S&P BSE Sensex declined 519.34 points or 0.62% to 83,459.15. The Nifty 50 index fell 165.70 points or 0.64% to 25,597.65.
The stock market was closed on Wednesday, 5 November 2025, in observance of Guru Nanak Jayanti.
The key domestic indices ended with moderate losses on Thursday. The S&P BSE Sensex declined 148.14 points or 0.18% to 83,311.01. The Nifty 50 index fell 87.95 points or 0.34% to 25,509.70.
The key domestic indices ended with minor cuts on Friday. The S&P BSE Sensex declined 94.73 points or 0.11% to 83,216.28. The Nifty 50 index fell 17.40 points or 0.07% to 25,492.30.
Economy:
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) was up from 57.7 in September to 59.2 in October, indicating a quicker improvement in the health of the sector. Manufacturing sector conditions in India continued to strengthen in October, buoyed by GST (Goods and Services Tax) relief, productivity gains and tech investment.
India’s services sector continued to expand in October, though at a slower pace, with the HSBC India Services PMI easing to 58.9 from 60.9 in September. Despite the moderation, the index remained well above the neutral 50 mark and its long-run average of 54.3, signaling strong business activity and sustained growth momentum in the services economy, albeit at the slowest pace since May.
Competitive pressures and heavy rains were cited as contributors to the sequential slowdown. Input costs notably increased at the slowest rate in 14 months, which provided some relief for firms.
India’s overall business activity grew strongly in October, though at a slightly slower pace, with the HSBC India Composite PMI easing to 60.4 from 61.0 in September. The data signaled a continued sharp expansion in both manufacturing and services output, but marked the softest pace of growth since May.
Auto Sales Data:
Force Motors added 3.12%. The company’s domestic sales jumped 35.36% to 2,710 units in October 2025, as against 2,002 units sold in October 2024.
Maharashtra Scooters declined 5%. The company reported a 76.68% surge in standalone net profit to Rs 267.07 crore, on a 65.87% rise in total income to Rs 271.02 crore in Q2 FY26 over Q2 FY25.
Steel Strips Wheels (SSWL) fell 1.07%. The company reported a net turnover of Rs 415.90 crore for October 2025, marking a 12.39% year-on-year (YoY) increase compared to Rs 370.05 crore recorded in October 2024.
Ashok Leyland fell 0.10%. The company reported a 16% increase in total commercial vehicle sales to 17,820 units in October 2025, up from 15,310 units sold in October 2024.
VST Tillers Tractors declined 1.94%. The company reported an 89.36% increase in total sales to 4,664 units in October 2025, up from 2,463 units sold in October 2024.
Escorts Kubota tanked 4.18%. The company’s agri-machinery business division in October 2025 sold 18,798 tractors, its ever highest monthly sales registering a growth of 3.8% as against 18,110 tractors sold in October 2024.
Stocks in Spotlight:
Bharat Petroleum Corporation (BPCL) rallied 2.87%. The company reported a 168.74% jump in standalone net profit to Rs 6,442.53 crore in Q2 FY26 as against Rs 2,397.23 crore posted in Q2 FY25. Net sales (excluding excise duty) rose 2.09% year-on-year (YoY) to Rs 1,04,912.47 crore in the September 2025 quarter.
Titan Company gained 0.63%. The company posted strong second-quarter earnings for FY26. The company’s consolidated revenue jumped 28.5% year-on-year to Rs 18,837 crore in Q2 FY26 from Rs 14,656 crore in Q2 FY25. profit after tax (PAT) surged 59% YoY to Rs 1,120 crore.
Bharti Airtel fell 2.60%. The company reported 89.02% surge in consolidated net profit to Rs 6,791.7 crore on 25.73% increase in revenue from operations to Rs 52,145.4 crore in Q2 FY26 over Q2 FY25.
State Bank of India (SBI) rose 2.02%. The bank reported a standalone net profit of Rs 20,159.67 crore for Q2 FY26, up 9.97% year-on-year (YoY) and 5.21% sequentially. Total income stood at Rs 1,34,979.47 crore in the quarter ended 30 September 2025, rising 4.52% YoY but declining 0.26% quarter-on-quarter (QoQ).
Interglobe Aviation (Indigo) fell 0.24%. The company’s consolidated net loss widens to Rs 2,582.1 crore in Q2 FY26, compared with net loss of Rs 986.7 crore in Q2 FY25, including the impact of currency movement pertaining to dollar based future obligations. Revenue from operations increased 9.34% to Rs 18,555.3 crore in Q2 Sept 2025, driven by strong operational execution and efficient capacity deployment.
Power Grid Corporation of India slipped 5.60%. The company’s consolidated net profit fell 5.98% to Rs 3,566.08 crore in Q2 FY26 as against Rs 3,793.02 crore posted in Q2 FY25. However, revenue from operations rose 1.75% YoY to Rs 11,475.95 crore recorded in the quarter ended 30 September 2025.
Adani Ports and Special Economic Zone (APSEZ) shed 0.18%. The company has reported 29% increase in consolidated net profit to Rs 3,120 crore on a 30% rise in revenue to Rs 9,167 crore in Q2 FY26 as compared with Q2 FY25.
Bajaj Finance gained 2.30%. The NBFC reported a sharp rise in festive season lending, driven by robust consumer demand and recent tax reforms. The company disbursed 63 lakh consumer loans between 22 September and 26 October 2025, marking a 27% jump in volume and a 29% increase in value compared with the same period last year.
Godfrey Phillips India dropped 1.58%. The cigarette maker reported 14.39% fall in consolidated net profit to Rs 304.99 crore in Q2 FY26 as against Rs 356.28 crore posted in Q2 FY25. Revenue from operations (excluding excise duty) declined 13.26% quarter-on-quarter (QoQ) to Rs 1,289.03 crore in the quarter ended 30 September 2025.
Gallantt Ispat gained 4.45%. The company reported a 78.42% year-on-year jump in consolidated net profit to Rs 87.23 crore on a 7.45% rise in revenue from operations to Rs 1,012.75 crore in Q2 FY26 over Q2 FY25.
3M India zoomed 20.14%. The company's net profit jumped 43.01% to Rs 191.33 crore on 14.01% rise in revenue from operations to Rs 1,266.49 crore in Q2 FY26 over Q2 FY25.
Britannia Industries advanced 5.38%. The company’s consolidated net profit increased 23.14% to Rs 654.47 crore on 3.70% jump in total revenue from operations to Rs 4,840.63 crore in Q2 FY26 over Q2 FY25.
Sun Pharmaceutical Industries rose 0.17%. The company has reported 2.6% rise in consolidated net profit to Rs 3,118 crore on a 8.6% increase in revenue to Rs 14,405.2 crore in Q2 FY26 as compared with Q2 FY25.
Global Market:
Asia-Pacific:
China:
China’s manufacturing activity softened in October, with RatingDog’s Purchasing Managers’ Index (PMI) easing to 50.6 — below expectations of 50.9 and down from 51.2 in September. Official data from the National Bureau of Statistics also pointed to a slowdown, with the manufacturing PMI slipping to 49.0, its lowest level in six months, indicating contraction in factory output.
China’s exports fell 1.1% year-on-year in U.S. dollar terms in October, reversing sharply from an 8.3% surge in September, official data showed on Friday. Imports rose 1% YoY, easing from 7.4% growth in the previous month.
Australia:
The Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged at 3.60%. The central bank, which had lowered rates three times earlier this year — in February, May, and August — opted to maintain its policy stance as inflation shows signs of stabilizing and economic growth moderates.
United states:
Private sector hiring in the US picked up modestly in October, with companies adding 42,000 jobs, according to ADP payroll data, following a decline of 29,000 in September. Revised figures showed 3,000 additional job losses for the prior month. Meanwhile, the ISM services index climbed to 52.4% in October from 50% in September, signaling continued expansion in the services sector.
Adding to investor unease, October layoffs surged to 153,000, nearly triple September’s figure and 175% higher year-on-year, according to Challenger, Gray & Christmas.
The spike in job cuts, combined with the ongoing U.S. government shutdown, now over a month old, has further clouded the outlook for the U.S. economy.