Overview
- After opening lower, the Sensex closed up 39.78 points at 83,978.49 and the Nifty added 41.25 points to 25,763.35, snapping a two‑day decline in a volatile, range‑bound day.
- Sector rotation remained evident, with PSU banks and realty leading advances while IT, FMCG and select private lenders weighed on gains; the Nifty PSU Bank index rose about 1.9%.
- Analysts said key support near 25,660–25,700 held on intraday dips, reinforcing a consolidation phase following October’s strong rally.
- Provisional data showed foreign investors sold about Rs 6,769 crore on Oct 31 as domestic institutions bought roughly Rs 7,068 crore, a flow dynamic traders continue to watch.
- A packed near‑term calendar—heavyweight Q2 results, final PMI prints and an active IPO pipeline estimated near Rs 70,000 crore—was flagged as the next set of drivers, alongside global cues including recent Fed signals and the reported US–China trade announcement.