Stock Market Outlook: Nifty, Sensex Likely to Trade Higher; Bank Nifty Consolidation Seen; IT, Pharma in Focus

Indian stock markets are expected to open on a positive note on Tuesday, November 11, 2025, as strong global cues, renewed FII inflows, and easing concerns over a U.S. government shutdown are likely to support investor sentiment. Analysts anticipate that the Nifty may extend its gains after reclaiming the 25,550 mark, while the Sensex could continue its upward momentum amid buying interest in IT, pharma, and metal stocks.

Stock Market Outlook For 11 November 2025

After a three-day losing streak, Indian equity markets bounced back sharply on Monday, supported by renewed foreign investor buying and positive global cues. The Sensex gained 319 points, or 0.38%, to close at 83,535.35, while the Nifty 50 added 82 points, or 0.32%, to end at 25,574.30.

According to Bajaj Broking Research, sentiment improved as foreign institutional investors (FIIs) turned net buyers after six consecutive sessions of selling. "Progress toward avoiding a potential U.S. government shutdown boosted global risk appetite, which in turn lifted domestic equities," the brokerage said in its daily market note.

Most sectors ended the session in the green, with IT, pharma, metals, and energy stocks leading the gains. However, realty and FMCG counters saw mild profit booking. Broader markets also participated in the rebound, with the Nifty Midcap index up 0.5% and the Smallcap index advancing 0.35%.

Nifty Prediction Today for November 11, 2025

Bajaj Broking noted that the Nifty has formed a bullish candle on the daily chart, signaling follow-up buying after a recent pullback from the 50-day exponential moving average (EMA).

"Going ahead, we expect the index to hold above the key support zone of 25,200-25,400 and gradually head towards the immediate resistance level of 25,850," the brokerage said.

"A sustained move above this could push the index toward its recent 52-week high of 26,100 in the coming weeks," it added.

Buying demand has been emerging from the crucial support area of 25,200-25,400, which coincides with the 50-day EMA, the previous breakout level, and the 50% retracement of the prior uptrend between 24,587 and 26,104.

Technically, the index is rebounding from oversold territory. The daily stochastic indicator has generated a buy signal, moving above its three-period average, thereby supporting a positive near-term bias for the Nifty.

Bank Nifty Outlook: Consolidation Before Next Move

The Bank Nifty traded in a narrow range on Monday, forming a small bullish candle with a minor upper shadow, indicating consolidation after last Friday's sharp rebound.

"We expect the index to extend its consolidation within the 57,300-58,500 range," Bajaj Broking said. "This should act as a base before the next leg of the upward move."

On the upside, key resistance is placed at the recent all-time high of 58,577. A decisive move above this could open the door to 59,000, which corresponds to the 138.2% Fibonacci projection of the recent correction between 57,628 and 53,561.

On the downside, a close below 57,300 may trigger weakness toward the key support zone of 56,800-56,500.

"Overall, the outlook remains positive, and the current consolidation phase should be viewed as a buying opportunity within these support areas," the brokerage noted, adding that PSU banking stocks are likely to extend their recent outperformance.

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