On November 4, 2025, the Indian stock market declined with the BSE Sensex falling 519 points to close at 83,459.15 and the NSE Nifty dropping 165 points to 25,597.65, reflecting a negative market sentiment overall.
Foreign Institutional Investors (FIIs) continued to be net sellers, offloading equities worth Rs 1,883.78 crore the prior day, contributing to market pressure despite strong buying by Domestic Institutional Investors (DIIs) who injected Rs 3,516.36 crore.
Investor sentiment was cautious and slightly negative due to persistent foreign fund outflows combined with weak Asian market trends and high market valuations amid muted earnings prospects.
Indian equity markets opened lower and traded flat to negative throughout the session, with broad sectors like IT, auto, FMCG, and power showing weakness, while telecom and select financial names showed resilience.
The market faced challenges from subdued global cues, foreign selling pressure, and sectoral divergences leading to a broad-based cautious and consolidative mood among retail and institutional investors.
Key Indices
NIFTY 50
25,598
-0.64%
SENSEX
83,459.15
-0.62%
Momentum Snapshot
Index
Price
1D
1M
1Y
Sensex
83,459.15
-0.62%
2.04%
5.01%
Nifty Midcap 100
60,037
-0.42%
4.41%
7.62%
Nifty Next 50
70,169
-0.45%
2.65%
1.08%
Nifty 50
25,598
-0.64%
2.83%
6.68%
Nifty Smallcap 250
17,320
-0.66%
1.79%
-1.64%
Sector Highlights
MNC
-0.01%
The MNC sector was largely flat (-0.01%) due to mixed corporate news with some companies like Tata Consumer Products and Bharti Airtel announcing growth plans and positive quarterly results, balancing cautious investor sentiment in the broader market sell-off.
PSU Bank
-0.11%
PSU Bank sector declined slightly (-0.11%) amid LIC’s increasing stakes in select PSUs such as SBI, Coal India while reducing exposure in private banks, indicating selective investor repositioning but no major sector-wide catalysts.
Energy
-0.46%
Energy sector dipped (-0.46%) driven by profit booking after recent gains; key refiners such as HPCL and BPCL saw mixed reactions despite ongoing demand stability, reflecting caution amid fluctuating crude oil prices globally.
Metal
-1.44%
Metal sector fell sharply (-1.44%) on account of weakening commodity prices globally and concerns over demand slowdown from China, impacting prices of steel and related metals affecting Indian producers.
CPSE
-1.70%
CPSE sector declined (-1.70%) influenced by broad selling pressure in public sector enterprises amid profit booking and absence of fresh government stimulus or policy support, despite LIC’s stake increases in some PSUs.
Sector Scoreboard
Sector
1D
1W
1Y
3Y
MNC
-0.01%
-0.12%
+3.11%
+51.68%
PSU Bank
-0.11%
+4.39%
+23.06%
+138.59%
Energy
-0.46%
+1.86%
-8.05%
+36.14%
Metal
-1.44%
+1.77%
+13.44%
+75.54%
CPSE
-1.70%
-0.08%
-0.90%
+132.88%
Movers of the Day
Top Nifty Gainers
Titan Company
2.39%
Titan Company surged to a new high after reporting an impressive 59% year-on-year jump in its second-quarter net profit, driven by robust 21% growth in its core jewelry business.
Bharti Airtel
1.89%
Bharti Airtel gained ground following the release of strong quarterly results with improved margins, further boosted by strategic plans to acquire an additional stake in Indus Towers to strengthen its infrastructure.
Bajaj Finance
1.33%
No significant updates available for this stock.
M&M
0.91%
M&M shares rose after the company reported a solid 28% year-on-year increase in its Q2 consolidated profit after tax, credited to strong performance across its SUV, tractor, and financial services verticals.
HDFC Life
0.88%
No significant updates available for this stock.
Top Nifty Losers
Power Grid Corp
-3.11%
Power Grid Corp fell sharply amid a broad market sell-off and profit booking that particularly affected infrastructure and PSU stocks.
Coal India
-2.83%
Coal India declined as investor sentiment turned negative for metal and commodity stocks due to weakening global prices and rising concerns over a demand slowdown in China.
Eternal
-2.82%
No significant updates available for this stock.
TMPV
-2.52%
No significant updates available for this stock.
ONGC
-2.02%
ONGC faced selling pressure as part of the broader downturn in the energy and commodity sector, influenced by falling global crude oil prices.
Stock Spotlight Of The Day
Adani Enterprises
Market Cap
2,78,896 Cr
Current Price
₹2,419
Stock P/E
77.8
Dividend Yield
0.05%
ROCE
9.45%
ROE
9.82%
Shareholding Changes (Impact Factors)
FIIs
QoQ
0.17%
YoY
0.41%
Stable foreign holding
DIIs
QoQ
-0.2%
YoY
0.38%
Stable domestic holding
Promoters
QoQ
0%
YoY
-0.92%
No change in promoter holding
Quarterly Summary (Absolute)
Sales
QoQ
Decline
-18.56%
YoY
Decline
-13.78%
Expenses
QoQ
Reduced
-19.8%
YoY
Reduced
-14.32%
Operating Profit
QoQ
Stress
-10.78%
YoY
Stress
-10.69%
Net Profit
QoQ
Collapsed
-75.69%
YoY
Collapsed
-44.92%
Profit & Loss (Compounded)
Sales Growth
10 Years
4%
5 Years
18%
3 Years
12%
TTM
-5%
Profit Growth
10 Years
8%
5 Years
36%
3 Years
78%
TTM
-16%
Stock Price CAGR
10 Years
47%
5 Years
47%
3 Years
-14%
1 Year
-16%
Return on Equity
10 Years
8%
5 Years
9%
3 Years
10%
Last Year
10%
Fundamentals Corner
While the company has delivered impressive long-term growth, its recent performance has sharply reversed, with both sales and profits falling significantly over the past year.
A key concern for investors is the stock's extremely high valuation (P/E of 77.8), which appears disconnected from the current operational challenges and modest Return on Equity, suggesting significant risk until a clear turnaround is evident.
News TidBits
Adani Enterprises reported an exceptional 84% surge in its second-quarter net profit, reaching ₹3,199 crore.
This significant profit boost was primarily driven by exceptional one-time gains from a strategic stake sale within its business portfolio.
Following the strong results, the company's board has approved a substantial fundraising plan of up to ₹25,000 crore via a rights issue.
This move signals ambitious expansion plans and a strategy to fuel future growth by strengthening its capital base.
The combination of a stellar profit report and a major fundraising initiative has put the stock in sharp focus for investors tracking its growth trajectory.
Stacks on Stacks: Tip Time 🤑
Focus on avoiding stupidity rather than seeking brilliance; an investor's biggest enemy is often unforced errors like chasing speculative trends or panicking during market corrections.
Inside The Fund
Mirae Asset Large Cap Fund
Fund Size: ₹ 39615.5 Cr
NAV: ₹ 131.534 (as on 03rd November, 2025)
1 Year
8.56%
Category: 6.60%
2 Year
17.70%
Category: 19.06%
3 Year
14.32%
Category: 15.96%
5 Year
18.11%
Category: 19.20%
10 Year
14.80%
Category: 13.81%
Stocks Added
Stock
Sector
1M Change
Indus Towers Ltd.
Telecom - infrastructure
0.55%
Gujarat Fluorochemicals Ltd.
Specialty chemicals
0.13%
Top 10 Holdings
Stock
Holding %
1M Change
HDFC Bank Ltd.
9.95%
0.27%
ICICI Bank Ltd.
8.21%
0.06%
Infosys Ltd.
5.51%
-0.32%
Reliance Industries Ltd.
4.66%
0.01%
ITC Limited
4.33%
0.00%
Bharti Airtel Ltd.
3.96%
-0.04%
Larsen & Toubro Ltd.
3.53%
0.04%
Tata Consultancy Services Ltd.
3.36%
-0.47%
Maruti Suzuki India Ltd.
3.22%
0.68%
Axis Bank Ltd.
3.05%
-0.17%
The Common Ground
Shows the commonly added & removed stocks by mutual funds last month
Top Added (2)
Britannia Industries Ltd.
2 funds
Quant Large Cap Fund - Direct Plan - Growth
2.83%
HSBC Large Cap Fund - Direct Plan - Growth
1.63%
Hindustan Unilever Ltd.
2 funds
Axis Large Cap Fund - Direct Plan - Growth
0.78%
HSBC Large Cap Fund - Direct Plan - Growth
1.72%
Top News Developments
Market Slides as IT and Metals Succumb to Global Pressures
A sharp sell-off in IT and metal stocks dragged the Sensex and Nifty down by over 0.6%, driven by fears of a global demand slowdown, particularly from China.
This downturn reflects a classic risk-off sentiment, where investors dump cyclical, export-oriented sectors in favor of defensives like telecom, which was the only sectoral gainer.
The negative market breadth, with over 2,700 stocks declining, shows that the risk aversion was widespread and not just limited to large-cap names.
Technical indicators have flashed a sell signal for the Nifty, suggesting that further downside is possible unless strong domestic buying or positive global news emerges to reverse the trend.
Earnings Season Shines, Creating Pockets of Opportunity
Despite the market downturn, India Inc.'s Q2 earnings season is largely outperforming expectations, with strong results from sectors like oil & gas, capital goods, and banking.
Companies like Titan, M&M, and State Bank of India delivered robust profit growth, causing their stocks to outperform the broader market and highlighting the importance of stock-specific analysis.
This divergence shows a market that is rewarding companies with strong domestic demand and pricing power while punishing those exposed to global uncertainties.
Savvy investors and mutual funds are taking note, reportedly increasing their holdings in companies that have posted strong profit growth, creating opportunities in fundamentally sound businesses.
Adani Group Stocks Rally on Stellar Profit Reports
Multiple Adani Group companies reported exceptionally strong Q2 earnings, defying the broader market weakness and boosting investor confidence in the conglomerate.
Adani Enterprises saw its net profit surge 84% on exceptional gains and announced a massive ₹25,000 crore rights issue to fund growth.
Adani Ports delivered a 27% jump in net profit, leading Fitch to upgrade its outlook to 'Stable', while Ambuja Cements' profit soared 268% on record volumes.
This strong performance across its core infrastructure businesses—ports, energy, and cement—signals robust operational execution and is likely to keep these stocks on the radar of retail investors.
Domestic Investors Stand Firm Against Foreign Selling
A key underlying theme in the market is the battle between selling by Foreign Institutional Investors (FIIs) and buying by Domestic Institutional Investors (DIIs).
While FIIs sold nearly ₹1,900 crore, DIIs countered with robust net purchases of over ₹3,500 crore, providing a crucial cushion to the market.
Institutions like LIC have been actively buying, with net equity purchases of nearly ₹21,700 crore in the last quarter, indicating strong domestic conviction in the India growth story.
This trend suggests that while global sentiment can cause short-term volatility, the growing financial power of domestic institutions is making the Indian market more resilient to foreign outflows.
FII / DII Snapshot
Yesterday
FII Net: ₹-1883.78 cr
DII Net: ₹3516.36 cr
October 2025
FII Net: ₹-2346.89 cr
DII Net: ₹52794.02 cr
Daily Flows
Date
FII Net
DII Net
03-Nov-2025
₹-1883.78 cr
₹3516.36 cr
Monthly Flows
Month
FII Net
DII Net
October 2025
₹-2346.89 cr
₹52794.02 cr
September 2025
₹-35301.36 cr
₹65343.59 cr
August 2025
₹-46902.92 cr
₹94828.55 cr
July 2025
₹-47666.68 cr
₹60939.16 cr
June 2025
₹7488.98 cr
₹72673.91 cr
May 2025
₹11773.25 cr
₹67642.34 cr
• Foreign Institutional Investors (FIIs) extended their selling streak, offloading a net of ₹1,883.78 crore in equities, reflecting ongoing caution and risk aversion towards emerging markets.
• This bearish FII sentiment appears concentrated in sectors like IT and metals, driven by weak global cues, and has also led them to reduce stakes in consumer stocks over the past quarter due to earnings slowdown concerns.
• In a clear divergence, Domestic Institutional Investors (DIIs) provided strong support by making net purchases of ₹3,516.36 crore, with players like LIC emerging as significant buyers, effectively absorbing foreign outflows and preventing a steeper market decline.
IPO Watchlist
Ongoing IPOs
The IPO for Lenskart Solutions, valued at ₹7,278 crore, closed with massive investor interest, getting oversubscribed by a remarkable 28.24 times and attracting bids worth over ₹1 lakh crore.
The strong grey market premium for Lenskart suggests high expectations for a positive listing, reflecting strong institutional and retail confidence in the company's business model.
Meanwhile, Groww's ₹6,632 crore IPO has seen strong initial demand from retail investors, although the company is currently facing regulatory scrutiny over its futures and options (F&O) business segment.
Groww
6632.30
Date: 4 Nov - 7 Nov
List: 12 Nov
Subscription: 0.54x
GMP: 17.25%
Lenskart Solutions T
7278.02
Date: 31 Oct - 4 Nov
List: 10 Nov
Subscription: 28.24x
GMP: 13.18%
Upcoming IPOs
Fintech company Pine Labs is set to launch its IPO, with the issue scheduled to open on November 7 and close on November 11.
The company aims to raise ₹3,899.91 crore through this public offering.
The grey market premium (GMP) for the upcoming issue is currently indicating a potential listing gain of around 15.84%, signaling healthy initial interest among investors.
Pine Labs
3899.91
Date:7 Nov - 11 Nov
List:14 Nov
Subscription: -
GMP: 15.84%
Cha-Ching Cheatsheet 💵
Pay close attention to what company insiders and promoters are doing with their own shares, as their buying or selling patterns often provide a more reliable signal than analyst reports.
Global Markets
Country
Index
1D
1Y
3Y
🇮🇳 India
GIFT NIFTY
0.19%
6.55%
41.09%
🇺🇸 USA
S&P 500
0.17%
19.94%
76.88%
🇮🇩 Indonesia
Jakarta Composite
-0.40%
10.19%
17.16%
🇨🇳 China
Shanghai Composite
-0.41%
19.64%
32.1%
🇸🇬 Singapore
Straits Times
-0.49%
23.81%
42.55%
🇬🇧 UK
FTSE
-0.63%
18.86%
35.88%
🇭🇰 Hong Kong
Hang Seng
-0.73%
26.26%
69.29%
🇹🇭 Thailand
SET Composite
-0.79%
-11.23%
-20.12%
🇯🇵 Japan
Nikkei 225
-1.07%
32.69%
88.12%
🇫🇷 France
CAC
-1.22%
8.99%
27.83%
🇩🇪 Germany
DAX
-1.37%
24.77%
79.59%
🇰🇷 South Korea
KOSPI
-2.43%
59.57%
76.96%
Global markets presented mixed performance on November 4, 2025, with US indices closing mostly higher led by tech gains, including a 4% surge in Amazon shares on a major AI deal, lifting Nasdaq by 0.46% and S&P 500 by 0.17%.
Asian markets mostly declined: Japan's Nikkei fell about 0.39%, South Korea's Kospi dropped 0.32%, and Australia's S&P/ASX 200 declined 0.36%, whereas Hong Kong's Hang Seng showed a mild positive change of 0.2%, reinforcing cautious risk appetite.
The Reserve Bank of Australia's central bank policy decision and pending US trade data generated uncertainty, contributing to subdued market sentiment across Asia-Pacific regions.
Relentless foreign institutional outflows from India partly stemmed from global concerns including weaker Asian market cues and valuation adjustments following strong recent rallies in developed markets.
Mixed global cues, combined with specific tech sector optimism confined largely to the US, led to a fragmented global market scenario impacting Indian investor sentiment and contributing to cautious opening and trading patterns.
Emerging Opportunities
Renewable energy presents a top emerging investment avenue, highlighted by the recent Rs 4,575 crore initial public offering (IPO) filing of SAEL Industries, a solar and biomass company, signaling growth and policy support for clean energy.
Telecom sector showed relative strength on November 4, 2025, with the telecom index gaining 1%, indicating potential opportunities driven by ongoing digital infrastructure expansion and 5G adoption in India.
Robust domestic institutional buying suggests promising medium-term potential in select financial and consumer sectors backed by stable earnings and consumption trends despite near-term market volatility.
Contrarian opportunities may arise in beaten-down sectors like IT, auto, and FMCG, which showed weakness amid broad market consolidation but maintain growth potential over the medium term given strong fundamentals.
Policy developments supporting green infrastructure, digital economy, and financial sector reforms present favorable conditions for thematic investment plays and long-term portfolio diversification in Indian equities.
Policy & Regulations
The Supreme Court has permitted the government to reassess the Adjusted Gross Revenue (AGR) dues for telecom companies, a development that could offer significant financial relief to debt-laden operators like Vodafone Idea.
In a significant move impacting the digital asset space, the Indian government has initiated a crackdown on 25 cryptocurrency exchanges for compliance failures, signaling tighter regulatory oversight for the sector.
Market regulator SEBI is reportedly considering revisions to its existing regulations, aiming to simplify compliance procedures and better align the rules with the realities of modern, technology-driven financial markets.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$104274
$2.08T
-2.98%
-17.46%
Ethereum (ETH)
$3511.76
$423.11B
-5.04%
-29.19%
Tether (USDT)
$0.999809
$183.44B
-0.03%
-24.43%
XRP (XRP)
$2.27
$136.70B
-5.26%
-37.72%
BNB (BNB)
$958.33
$131.98B
-5.09%
-30.08%
The cryptocurrency market experienced a significant downturn, with major tokens like Bitcoin and Ethereum falling by approximately 3% and 5% respectively, reflecting broad-based selling pressure.
This price correction triggered massive liquidations totaling over $1.3 billion across the crypto market, indicating forced exits by leveraged traders and amplifying the bearish sentiment.
For Indian investors, the risk has been compounded by a government crackdown on 25 non-compliant crypto exchanges, which tightens regulatory scrutiny and could disrupt trading activities on those platforms.
Inside The Fund
