November 3, 2025 — Mumbai
Indian equities are poised for a cautious start on Monday, tracking mixed global cues as investors await clarity on U.S.–China trade discussions and domestic earnings. Key developments in the Lenskart IPO, fluctuations in gold prices, and movement in global markets are expected to guide sentiment on Dalal Street today.
Market Outlook
The Nifty 50 index is likely to open marginally higher, supported by stable Asian cues and firm buying in select banking and metal counters. Analysts noted that short-term consolidation may continue, with 22,050 seen as a key resistance level and 21,800 acting as strong support. The Sensex is expected to hover around the 73,200 mark amid moderate volatility.
Investors will closely watch the upcoming U.S.–China trade negotiations, which could influence commodity and export-linked sectors. A positive outcome may ease global supply concerns and boost sentiment in metals and manufacturing stocks.
Lenskart IPO in Focus
Eyewear retailer Lenskart is drawing significant attention after receiving market regulator SEBI’s approval for its much-awaited initial public offering (IPO). The company aims to raise over ₹6,000 crore, with proceeds directed toward expansion in Tier-2 and Tier-3 cities. Analysts expect strong retail participation, given Lenskart’s growing digital footprint and profitability.
Gold Prices and Global Trends
Gold prices edged higher on Monday amid geopolitical uncertainty and a softer U.S. dollar. Spot gold traded near $2,060 per ounce, while MCX gold futures held steady around ₹64,200 per 10 grams. Analysts suggest that investors are shifting toward safe-haven assets ahead of the upcoming Federal Reserve policy statement.
8 Stocks to Watch Today
- Reliance Industries – Momentum expected after new retail investment updates.
- HDFC Bank – Stability likely as credit growth remains strong.
- Tata Steel – May benefit from positive trade talk outcomes.
- Infosys – Eyes on deal pipeline and global IT sentiment.
- Lenskart (pre-IPO) – Focus on valuation and investor interest.
- Maruti Suzuki – Watching auto sales data post-festival season.
- Gold ETFs – In demand amid rising bullion prices.
- Adani Enterprises – Tracking infrastructure expansion news.
Expert View:
“Markets are balancing optimism in domestic earnings with caution over global trade developments. A stock-specific approach is advised this week,” said R. Menon, Senior Analyst at Kotak Securities.