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Benchmarks trade firm in late trade
Nov-03-2026

Benchmarks continued to trade higher in late afternoon session amid strong buying among select banking stocks. Besides, overnight fall in crude oil prices following hopes of peace talks between US and Iran fueled the upside trend. Further, capital inflows from foreign institutional investors (FIIs) uplifted market sentiment. FIIs were the net buyers in Monday’s session with net buying of Rs 3,114.68 crore. Investors remained optimistic after Union Finance Minister Nirmala Sitharaman 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. 

On the global front, Asian equity markets were trading mostly in red amid continued concerns over AI related spending. European equity markets were trading lower after France’s budget deficit widened to 155.4 billion euro in the January-September 2026 period.

The BSE Sensex is currently trading at 76660.71, up by 967.93 points or 1.28% after trading in a range of 76033.74 and 76779.66. There were 20 stocks advancing against 10 stocks declining on the index.

The top gaining sectoral indices on the BSE were FMCG up by 2.54%, Realty up by 1.75%, Telecom up by 1.43%, Auto up by 1.32% and TECK up by 1.20%, while Utilities down by 0.75%, Power down by 0.68%, Metal down by 0.30% and PSU down by 0.22% were the few losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 4.08%, HDFC Bank up by 3.29%, ICICI Bank up by 3.13%, Asian Paints up by 2.89% and Hindustan Unilever up by 2.70%. On the flip side, Infosys down by 2.09%, NTPC down by 1.64%, Reliance Industries down by 0.76%, Trent down by 0.71% and Power Grid Corporation down by 0.58% were the top losers.

Meanwhile, chairing a high-level roundtable on 'India's Bioeconomy Opportunity: Role of Startups in Driving Innovation and Growth', Commerce and Industry Minister Piyush Goyal has emphasised the need to leverage India’s scientific capabilities and entrepreneurial talent to position the country as a global leader in the bioeconomy. He underscored the importance of faster approvals, improved access to finance, shared infrastructure and stronger industry-academia-Government collaboration. He also called for time-bound action on the recommendations emerging from the roundtable. 

Organised by the Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with NITI Aayog and NITI Frontier Tech Hub, the roundtable brought together policymakers, industry leaders and biopharma startups to deliberate on measures to accelerate the growth of India’s bioeconomy. The discussions focused on strengthening the biopharma startup ecosystem through streamlined regulations, faster approvals, a proposed Regulatory Sandbox, Single Window Clearance, global regulatory alignment and simplified patent application processes.

The importance of Biopharma SHAKTI, announced in the Union Budget 2026-27, was also discussed, along with the need to develop shared infrastructure, including laboratories, testing facilities and clinical trial facilities, to reduce costs and enable startups to scale their innovations. The roundtable also discussed measures to strengthen indigenous life sciences manufacturing, expedite customs clearance for laboratory equipment and reagents, and simplify access to Government schemes and regulatory support. Participants emphasised the need for stronger inter-ministerial coordination to facilitate coherent policy interventions and ensure faster resolution of sector-specific challenges.

The CNX Nifty is currently trading at 23707.75, up by 266.95 points or 1.14% after trading in a range of 23482.80 and 23746.25. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were BSE up by 4.67%, HDFC Bank up by 3.32%, Asian Paints up by 3.29%, Bharti Airtel up by 3.21% and Tata Consumer Products up by 3.07%. On the flip side, Infosys down by 1.91%, NTPC down by 1.86%, ONGC down by 1.62%, Power Grid Corporation down by 1.46% and Adani Enterprises down by 0.93% were the top losers.

Asian equity markets were trading mostly in red; Taiwan Weighted lost 1612.6 points or 3.72% to 43,307.54, KOSPI dropped 210.29 points or 3.72% to 5,648.79, Shanghai Composite weakened 29.93 points or 0.83% to 3,608.10, Straits Times fell 29.21 points or 0.55% to 5,274.62 and Jakarta Composite plunged 191.75 points or 3.91% to 4,905.08, while Hang Seng advanced 90.68 points or 0.39% to 23,484.00. Meanwhile, the Japanese market remained closed on account of holiday.

European equity markets were trading lower; UK’s FTSE 100 decreased 50.15 points or 0.47% to 10,711.18, France’s CAC fell 26.19 points or 0.33% to 8,021.50 and Germany’s DAX lost 178.09 points or 0.69% to 25,803.00.
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