Nifty, Sensex End Week Higher as Bihar Mandate and Disinflation Bolster Sentiment

Overview

• The Nifty closed at 25,910.05 and the Sensex at 84,562.78, capping weekly gains of about 1.6%.
• Analysts said the NDA’s decisive Bihar victory strengthened perceptions of political stability at the Centre and improved risk appetite.
• India’s retail inflation dropped to 0.25% in October and wholesale inflation fell to −1.21%, reinforcing expectations of easier RBI policy.
• Sector performance was mixed, with PSU banks, pharma and FMCG higher, while IT, auto, metal and realty lagged as hopes for quick US rate cuts faded and AI‑linked volatility weighed on sentiment.
• Key near‑term cues include Services PMI, infrastructure output, US jobless claims, FOMC minutes and progress on US–India trade talks, with technicals highlighting support at 25,300–25,400 and resistance near 26,100–26,277.