Overview
- Benchmarks ended a four-week run with modest weekly losses, closing at 83,938 on the Sensex and 25,722 on the Nifty on Oct. 31.
- Analysts flag a consolidating tape with the Nifty seen oscillating between roughly 25,500 and 26,150, while the Sensex holds in the 83,500–85,100 band.
- Technicals point to support near 25,500–25,300 on the Nifty, with warnings that a sustained drop below 25,700 could signal further weakness as Bank Nifty cools after record highs.
- Flows stayed divergent as DIIs bought about Rs 18,804 crore for the week and FIIs were net sellers of roughly Rs 2,102 crore, cushioning headline declines.
- Market leadership skewed to PSU banks, Oil & Gas, Metals and Energy, while broader midcap and smallcap indices posted weekly gains, and near-term cues include IPOs from Groww and Pine Labs plus heavyweight Q2 earnings.