Stock market recommendations: Motilal Oswal Financial Services highlights TVS Motor Company and M&M Financials as top stock picks for the week of November 3, 2025. TVS Motor shows strong momentum with a robust product pipeline and premiumization strategy. M&M Financials reported a strong second quarter.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on weak global cues. While Nifty50 was below 25,700, BSE Sensex was down over 200 points.

Asian stocks opened higher, buoyed by AI optimism and a tech-led rally on Wall Street. Market attention remains on central bank developments and the US-China trade truce. The dollar strengthened near a three-month high following mixed signals from the Federal Reserve regarding future interest rate cuts.

President Trump warns of severe economic fallout if the Supreme Court overturns his tariff policy. He claims tariffs have fueled record stock market highs and 401(k) growth. The upcoming Supreme Court case challenges his authority to impose these taxes, which have generated billions in revenue, potentially requiring repayment if ruled unlawful.

Prime Minister Narendra Modi inaugurated ESTIC 2025, launching a Rs 1 lakh-crore RDI Scheme Fund to boost private sector R&D and announcing the Anusandhan Research Foundation. The event, featuring over 3,000 participants, aims to foster innovation across 11 thematic areas, highlighting India’s growing role as a technology pioneer.

India’s first-ever geological carbon dioxide storage well is now being drilled by NTPC at its Jharkhand coal mine. This pioneering effort by NTPC’s R&D arm is a significant step towards the nation’s net-zero goals, aiming to safely store CO2 deep underground. The project will gather crucial data to assess rock formations for long-term carbon sequestration,

October GST collections reached ₹1.96 lakh crore, a 4.6% rise, marking the slowest growth this fiscal. This moderation is attributed to pre-GST sales pauses and recent rate cuts. Despite this, experts anticipate a strong rebound in November’s figures, fueled by revived consumer demand and upcoming festive spending.

US and China have agreed to a temporary truce in their trade war, pausing new tariffs and export curbs. Key deals include China resuming significant soybean purchases, US cutting fentanyl-related tariffs, and China lifting rare-earth export restrictions. This de-escalation offers a year-long window for further negotiations.

GST revenue for FY26 is projected to surpass budget targets, according to SBI Research, despite a significant rate restructuring. The new four-tier slab system, with a 40% rate for luxury goods, is expected to benefit most states, with Maharashtra and Karnataka anticipating substantial gains. Historical data suggests revenue will stabilize and then accelerate post-rationalization.

US employers can now submit applications for crucial foreign worker visa programs like H-1B and PERM. The Department of Labor’s Foreign Labor Application Gateway (FLAG) system is back online after a funding lapse caused a temporary shutdown. While processing has resumed, expect delays as the agency clears a backlog of applications.