Bihar Election Results Anticipation Drive Volatile Sessions | Market Closes Higher

Mumbai, Nov 14, 2025: The indices remained under pressure for most of the session on 14th Nov, oscillating between losses and brief recoveries, before a strong late-afternoon rebound pushed them into the green. Volatility picked up as markets tracked the Bihar election outcome, the day’s key trigger. Sentiment was also weighed down by weak global cues after Wall Street fell sharply overnight, led by declines in Nvidia and other tech majors as investors dialled back hopes of near-term rate cuts amid lingering inflation worries. At close, the Sensex ended 84 points or 0.1 percent higher at 84,563, while the Nifty finished 31 points up at 25,910. Sectoral trends were mixed, with PSU banks leading gains at 1.17 percent, followed by firm moves in pharma and FMCG. Energy and infrastructure saw mild upticks. On the downside, IT declined 1.03 percent, while auto, metal, and realty ended lower. Amongst the broader market space, Nifty Small-cap 100 rose 0.38 percent, while the Midcap 100 gained 0.08 percent.

Nifty Outlook

Nifty on the weekly chart has formed a strong bull candle with a higher high and a higher low signaling pullback after two weeks of corrective decline in line with our expectations from the key support area of 25,400-25,300. Going ahead, bias continues to remain positive and a follow through strength above last month high of 26100 will open upside towards the previous all-time high of 26277 in the coming week. Failure to move above 26,100 will signal some consolidation in the range of 26,100-25,700 in the coming week after a strong up move of 700 points in the last 5-6 sessions. Key short-term support is placed at 25,500-25,300 levels being the confluence of the 50 days EMA, previous major breakout area and key retracement of the previous rally.  

Bank Nifty Outlook

The index on the weekly chart has formed a strong bull candle with a higher high and higher low signaling continuation of the overall positive bias as the index rallied to a fresh all-time of 58615 during current week. Bank Nifty continues to consolidate in the range of 57200-58600 for the fourth week in a row and is currently placed around the upper band of the range. Going ahead we expect the index to break above the upper band of the consolidation range and head towards 59,200 levels in the coming sessions. On the downside, the lower band of the consolidation range at 57,300–57,100, which coincides with the recent breakout zone and the 20-day EMA, is likely to act as a strong support area. Among the oscillators, the daily 14 periods RSI has recently generated a buy signal thus supports the overall positive bias in the index. 

Attributed to: Bajaj Broking Research