Sensex, Nifty Slide as IT Drags; Smallcaps Firm Amid Earnings | 7 November 2025, 9:55 AM IST
Indian indices opened weaker on November 7 with Sensex dropping 565.13 points to 82,745.88 and Nifty falling 168.30 points to 25,341.40. IT sector faced sharp selling, with Nifty IT down 1.43%, while smallcap and midcap indices held ground despite broader weakness. Earnings season continues to dictate market dynamics with mixed results from key sectors. Volatility eased slightly with India VIX down 0.4% at 12.36.
Snapshot – 9:55 AM IST, 7 November 2025
| Index | Price | Change | % Chg |
|---|---|---|---|
| SENSEX | 82,745.88 | -565.13 | -0.68 |
| NIFTY 50 | 25,341.40 | -168.30 | -0.66 |
| NIFTY BANK | 57,279.75 | -274.50 | -0.48 |
| NIFTY IT | 34,832.10 | -505.50 | -1.43 |
| India VIX | 12.36 | -0.05 | -0.40 |
| NIFTY Midcap 100 | 59,012.80 | -455.80 | -0.77 |
| NIFTY Smallcap 100 | 17,907.15 | -197.85 | -1.00 |
Latest News & Trends
- IT sector correction weighs heavily as profit booking intensifies post Q2 results, dragging Sensex and Nifty lower.
- Smallcap and midcap erosion reflects broader risk-off sentiment; selective buying observed in defensive sectors.
- Volatility moderates with India VIX edging down slightly but remains elevated indicating cautious investor positioning.
- Investors eye upcoming Q2 earnings from financials and consumer sectors for market direction.
- Global cues mixed with Asian markets subdued while US tech selloff impacts sentiment.
Predictions & Watch Outs
- Nifty support seen near 25,250 with resistance at 25,500–25,600; watch for further sector rotations as earnings progress.
- Favor defensive and quality midcap names; avoid aggressive exposure to IT and vulnerable sectors until stability emerges.
- Trade strategy: Tight risk management advised; look for dips as buying opportunities in selected names.
