Overview
- Benchmarks erased morning gains to finish at Sensex 83,311.01 (-148) and Nifty 25,509.70 (-87.95), with metals dragging, IT slightly higher, Nifty Bank down 0.47%, and midcap and smallcap indices off more than 1%.
- Trading restarted after the Nov 5 Guru Nanak Jayanti closure and a volatile session flipped early global-cue strength into losses by the close.
- Provisional flows showed FPIs net sold about Rs 1,067 crore on Nov 4 as DIIs bought roughly Rs 1,203 crore, a pattern that continued to weigh on sentiment.
- Technicians cited Nifty support near 25,500–25,300 and resistance around 25,700–25,800, warning of downside risk if 25,450 gives way.
- Stock moves were earnings- and news-led: Hindalco slumped on Novelis’ estimated $550–650 million free-cash-flow hit from a US plant fire, Asian Paints jumped on an MSCI weight increase and a rival CEO exit, and results drove swings in Sun Pharma, IndiGo, Paytm, Redington and Delhivery.