Domestic equity benchmarks Nifty 50 and Sensex opened slightly lower on November 13, pausing after a three-day rally as investors turned cautious. At 9:15 am, the Sensex slipped 94.43 points or 0.11 percent to 84,372.08, while the Nifty was down 31.80 points or 0.12 percent at 25,844.
Sectoral performance was mixed, with gains in metal stocks offset by weakness in IT and private banks. The Nifty Metal index led with a 0.91 percent rise, followed by Nifty Media, up 0.43 percent. In contrast, Nifty IT declined 0.34 percent and Nifty Private Bank dropped 1.17 percent. Other sectors such as Auto, Oil & Gas, and Consumer Durables also edged lower, while FMCG, Energy, Pharma, PSU Bank, Infra, and Realty traded flat.
The India VIX eased nearly 3 percent to 11.75, indicating subdued volatility. Retail inflation eased to 0.25 percent in October, the lowest since 2013, raising hopes of an RBI rate cut in December. Experts said the market now lacks fresh triggers, with the Bihar election outcome already priced in. Technically, Nifty’s support lies between 25,700–25,650, while resistance is seen at 25,950, beyond which a renewed rally could emerge.
