Markets End Lower for Second Straight Week Amid FII Outflows; Nifty Likely to Test 25,400 Support

#StockMarket #Nifty50 #Sensex #FII #DIIs #Midcap #Smallcap #PSUBanks #MarketOutlook Indian equity markets closed the week ended November 7 on a negative note, weighed down by persistent FII selling, mixed Q2 earnings, and weak global cues. Broader indices lost between 0.6% and 1.5%, with midcap and smallcap indices snapping two weeks of gains, while largecaps extended their decline for a second consecutive week. For the week, the BSE Sensex dropped 722.43 points (–0.86%) to close at 83,216.28, while the Nifty50 declined 229.8 points (–0.89%) to end at 25,492.30. 💸 Institutional Flow FIIs were net sellers of ₹1,632.66 crore, continuing their bearish stance. DIIs provided strong support, purchasing equities worth ₹16,677.94 crore. 📉 Sectoral Performance Most sectoral indices closed in the red: Nifty Media: –3.2% Nifty Defence: –2% Nifty Metal: –1.7% Nifty IT: –1.6% However, Nifty PSU Bank gained 2%, supported by strong Q2 results and sectoral optimism. 🗣️ Market View “Indian equity markets ended lower amid lack of fresh domestic triggers and continued FII outflows,” said Vinod Nair, Head of Research at Geojit Financial Services. He added that PSU banks outperformed due to robust earnings, improved asset quality, and speculation of an FDI cap hike, while IT and metals came under pressure from weak global trends and fading Fed rate-cut hopes. Nair also noted that “PMI readings were mixed, GST collections remained resilient, and investor sentiment will now hinge on upcoming inflation data, global trade developments, and FII flows.”