India’s November Market Outlook: Can The Bull Run Last?

As of early November 2025, Indian markets enter the month after strong October gains with key triggers flagged including corporate earnings, festive demand and global liquidity conditions. Sectors such as PSU banks, auto and metals led October with gains of over 5-8 %. Analysts warn that elevated valuations, weak export demand and increasing geopolitical risks could challenge momentum. While the backdrop remains supportive via falling crude and stable inflation, the view is now shifting from strong rally mode to cautious run-rate management.