Stock market prediction Nov 2-6 week: Nifty, Sensex rebound from losses - Will bulls deliver a Diwali bonanza? Outlook

What happened: Indian equities rebounded, with the Nifty 50 and Sensex reversing the previous week's losses. For November 2-6, experts expect range-bound trading driven by oil-price volatility, US mid-term elections, and US-Iran tensions. Key numbers: Nifty 50 rose 2.59% and Sensex gained 1.6% for the week. Why it matters: Analysts see the Nifty's short-term bias as corrective below the 23,175-23,250 resistance zone, with a sustained breakout signaling a pause in the downtrend. Corporate earnings will also affect sentiment.

Indian equities rebounded, with the Nifty 50 and Sensex reversing the previous week's losses. For November 2-6, experts expect range-bound trading driven by oil-price volatility, US mid-term elections, and US-Iran tensions.

Analysts see the Nifty's short-term bias as corrective below the 23,175-23,250 resistance zone, with a sustained breakout signaling a pause in the downtrend. Corporate earnings will also affect sentiment.