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Key gauges continue to trade higher in morning deals
Nov-03-2026

Indian equity benchmarks continued to trade higher in morning deals, amid a sharp correction in crude oil prices and foreign fund inflows. Foreign institutional investors (FIIs) remained net buyers in Indian equities for the second straight session on Monday, purchasing shares worth Rs 3,114.68 crore. Traders took support with Union Finance Minister Nirmala Sitharaman’s statement that the government will continue to support economic growth by undertaking capital expenditure (Capex) until private sector investment gains momentum. On the sectoral front, sugar stocks remained in watch as the National Federation of Cooperative Sugar Factories (NFCSF) said the country produced 8.45 lakh tonnes of sugar in the first month of the 2026-27 season, which began on October 8, boosting domestic supplies during the ongoing festival season. On the global front, Asian markets were trading mostly in red amid weakness in semiconductor stocks on concerns over returns on huge AI spending and mixed earnings and cautious forecasts from major US technology firms. 

The BSE Sensex is currently trading at 76513.74, up by 820.96 points or 1.08% after trading in a range of 76033.74 and 76572.71. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were FMCG up by 2.23%, Realty up by 2.21%, Auto up by 1.44%, Consumer Durables up by 1.15% and Consumer Discretionary up by 1.13%, while Utilities down by 0.25% and Power down by 0.17% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 3.17%, HDFC Bank up by 3.05%, Hindustan Unilever up by 2.73%, Interglobe Aviation up by 2.73% and Ultratech Cement up by 2.05%. On the flip side, Infosys down by 1.28%, NTPC down by 0.80%, Power Grid down by 0.39%, Reliance Industries down by 0.36% and Trent down by 0.25% were the top losers.

Meanwhile, Union Finance Minister Nirmala Sitharaman has said that the government will continue to support economic growth by undertaking capital expenditure (Capex) until private sector investment gains momentum. She emphasised that the government remains committed to fiscal prudence and will continue to play the balancing act by being creative in continuing spending while pushing growth with capex. 

The minister said ‘Capex is a very important component of our growth strategy because till such a time when the private sector is also going to come in and expand capacities or establish newer capacities, it is important for the government to push through with the capital expenditure.’ She said this strategy has borne very good results over the last four-five years, and the growth multipliers have actually worked to the economy's benefit. She said ‘we are happy to extend that we will continue doing that because India's growth momentum should not be lost out at all.’

With the Indian economy continuing to expand at over 7 per cent, she urged citizens to speak with greater confidence about the country's economic growth. She asserted that there is no fragility and activity on the ground is robust. Pointing to the strong GST collections and the strength in India's banks, she said ‘Instrumental pillars of fundamental economic well-being are all doing alright; there is no fragility.’ She added that despite challenges such as the blockage in the Strait of Hormuz, fuel supplies were reaching India on time.

The CNX Nifty is currently trading at 23660.80, up by 220.00 points or 0.94% after trading in a range of 23482.80 and 23675.30. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 3.53%, Interglobe Aviation up by 2.91%, HDFC Bank up by 2.59%, Tata Consumer Prod. up by 2.59% and BSE up by 2.52%. On the flip side, ONGC down by 1.63%, Infosys down by 1.36%, Power Grid down by 1.31%, Apollo Hospital down by 1.22% and NTPC down by 0.63% were the top losers.

Asian markets were trading mostly in red; Taiwan Weighted lost 1576.85 points or 3.64% to 43,343.29, Jakarta Composite plunged 133.77 points or 2.7% to 4,963.06, Shanghai Composite weakened 40.78 points or 1.12% to 3,597.25, KOSPI dropped 219.14 points or 3.89% to 5,639.94 and Straits Times fell 11.16 points or 0.21% to 5,272.84.

On the flip side, Hang Seng advanced 96.68 points or 0.41% to 23,490.00.
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