Can Nifty Recover on Friday After Hitting a 3-Week Low? Pine Labs IPO Opens | Opening Bell Live
The Nifty 50 index continued its losing streak for the second consecutive session on November 6, slipping by 0.33% as key technical and momentum indicators weakened further. Market experts now anticipate that the index could move towards 25,450, with a potential downside target of 25,300 if that support level fails to hold.
Global sentiment remains fragile, adding pressure to domestic equities. Wall Street closed sharply lower overnight as AI-driven technology stocks extended their decline, dragging the Nasdaq down by nearly 2%. Meanwhile, U.S. layoff data for October surged to its highest level in two decades, heightening investor concerns.
Asian markets mirrored the overnight weakness, and the GIFT Nifty indicates a subdued opening for Indian equities on Friday.
Stocks to Watch
Several key companies are set to announce their quarterly results today, including:
Bajaj Auto
Hindalco Industries
Trent Ltd.
Divi’s Laboratories
Nykaa (FSN E-Commerce Ventures)
Other prominent stocks likely to remain in focus are Bharti Airtel, TVS Motor, Lupin, and Akzo Nobel India.
IPO Watch: Pine Labs Opens for Subscription
In the primary market, Pine Labs has opened its initial public offering (IPO) for subscription today, attracting attention from retail and institutional investors alike.
Market Insights
Tune in to Opening Bell Live with Nandita Khemka, featuring Raja Venkatraman, Co-Founder of NeoTrader, and Mayuresh Joshi, Director–Research at Marketsmith India, as they share their expert insights on market trends, trading strategies, and sector outlooks for the day.
