Markets open flat amid mixed global cues; Shriram Finance leads gainers with 5% rally

Market Overview - Markets opened cautiously with benchmark indices trading nearly flat as investors assessed mixed global signals and awaited domestic triggers [1][2] - The BSE Sensex opened at ₹83,835.10 and was trading at ₹83,959.99, up 21.28 points or 0.03% [1] - The Nifty 50 opened at ₹25,696.85 and was trading at ₹25,748.80, up 26.70 points or 0.10% [1] Sector Performance - Renewed buying interest in PSU banks and realty stocks provided early support, indicating selective optimism among investors [2] - The PSU Bank index was the top performer last week, rallying 4.66%, while the Capital Market index was the biggest loser, shedding 1.83% [7] Stock Movements - Top gainers on the Nifty 50 included Shriram Finance, which surged 5.19% to ₹787.75, and Mahindra & Mahindra, which gained 1.91% to ₹3,553.70 [3] - On the losing side, Maruti Suzuki led the decliners, falling 2.77% to ₹15,737.00, followed by Titan Company, which dropped 1.17% to ₹3,703.00 [4] Technical Analysis - The Nifty 50 is holding firm above the support level of 25,660, with resistance levels at 25,870–25,960–26,050 [5] - The Bank Nifty faced resistance near ₹58,500, with support at ₹57,500 acting as a solid base [6] Institutional Activity - Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹6,769 crore on October 31, while Domestic Institutional Investors (DIIs) purchased equities worth over ₹7,000 crore [8] - The strategy of FIIs selling on rallies and reallocating to better-performing markets is expected to continue [9] Commodity Market - In commodities, gold had support at ₹1,20,870-₹1,20,480 and resistance at ₹1,21,890-₹1,22,300, while silver had support at ₹1,47,450-₹1,46,750 and resistance at ₹1,49,340-₹1,50,280 [10]