Overview
- Benchmarks snapped a three-day slide on November 10, with the Sensex closing at 83,535 and the Nifty at 25,574 after intraday gains of up to 0.6%.
- Optimism around progress to end the prolonged U.S. government shutdown lifted global risk sentiment, helping Indian equities recover.
- Foreign institutional investors turned net buyers late last week, with provisional NSE data showing Rs 4,581 crore of equity purchases on Friday.
- IT and banking shares led the advance, with the Nifty IT index up nearly 2% and stocks such as Infosys and HCL Tech among the top gainers; Bank Nifty outperformance persisted.
- Analysts flagged Nifty support near 25,300–25,250 and resistance around 25,650–25,700, while Lenskart’s heavily subscribed IPO listed as a busy Q2 results calendar kept stock-specific moves in focus.