Morning Market Update – 3rd November 2025
Global Cues:
Wall Street ended higher on Friday, supported by strong tech earnings. Amazon jumped 9% after an earnings beat, helping the S&P 500 gain 0.26% and Nasdaq rise 0.61%. However, overall sentiment stayed cautious as the US Fed signaled patience on rate cuts.
The US 10-year yield eased slightly to 4.07%, while the Dollar Index stayed firm near 99.8, a two-month high. Brent crude continued to hover around $65, easing inflation worries globally.
Asian & Domestic Setup:
Early cues from GIFT Nifty indicate a slightly soft start, trading about 25 points lower at 25,869, as investors brace for the Bank of England’s policy decision on Thursday (Nov 6) and key earnings through the week.
Index Levels to Watch
NIFTY 50:
Support: 25,600 / 25,500
Resistance: 25,800 / 25,900
BANK NIFTY:
Support: 57,500 / 57,300
Resistance: 58,000 / 58,300
NIFTY FIN SERVICE:
Support: 27,000 / 26,900
Resistance: 27,300 / 27,400
BSE SENSEX:
Support: 83,800 / 83,500
Resistance: 84,000 / 84,300
Market View:
The market tone remains cautiously positive, with tech strength offset by concerns over delayed rate cuts. Lower crude and yields could lend support to domestic equities, but volatility may rise near resistance zones.
Stocks in Focus:
Amazon (US ADRs) /