Overview
- Sensex and Nifty finished last week at 84,563 and 25,910, respectively, after a late rebound tied to improved sentiment and easing inflation.
- Early Monday trading was flat to slightly positive after Gift Nifty signaled a firmer start, with Nifty hovering near 25,900 and Sensex above 84,600.
- The NDA’s decisive Bihar victory boosted risk appetite by reinforcing political stability at the Centre, according to market watchers.
- October inflation cooled sharply to 0.25% on the retail gauge and turned negative on wholesale prices at -1.21%, bolstering rate‑cut hopes; sector moves were mixed with PSU banks outperforming and IT lagging.
- Near‑term focus is on India’s PMI, the Fed’s meeting minutes, US data and progress on a potential US–India trade deal, while technicians watch for a sustained break above 25,950–26,000 that could open 26,200–26,500, with FII flows seen as a key swing factor.