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EQUITY
Post Session: Quick Review
Nov-03-2026

Indian equity markets ended significantly higher on Tuesday, with both the Sensex and Nifty extending their winning streak to a fourth consecutive session, supported by broad-based buying across sectors. Gains were led by heavyweight stocks in banking, consumer goods, automobiles and financial services sectors. Sentiments remained upbeat amid strong corporate earnings and renewed foreign fund inflows. Foreign institutional investors (FIIs) remained net buyers of Indian equities on November 2, 2026, purchasing shares worth Rs 3,114.68 crore.

Some of the important factors in trade:

Govt to support economic growth by undertaking Capex until private investment increases: 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.

India pushes for stronger trade, investment partnership with EU during high-level talks in Brussels: Traders got comfort, after India and the European Union (EU) have stepped up engagement to deepen their economic ties, with Commerce Secretary Rajesh Agrawal holding high-level meetings with key European Commission officials in Brussels. 

Central govt's fiscal deficit likely to exceed budget estimate in 2026-27: Traders overlooked SBI Research report stating that the central government's fiscal deficit is likely to exceed the budget estimate by Rs 1.2 lakh crore in 2026-27, primarily due to structural factors, including higher expenditure on fertiliser, LPG and petroleum subsidies, along with the impact of the revised GDP base year.

On the global front: European stocks were trading lower amid mounting concerns over artificial intelligence, mixed corporate earnings, and uncertainty surrounding the upcoming US midterm elections. Asian stock markets are trading mostly lower, following reports of a US strike on Iran’s Qeshm Island, which sent oil prices higher and heightened concerns over escalating geopolitical tensions in the Middle East.

The BSE Sensex ended at 76917.85, up by 1225.07 points or 1.62% after trading in a range of 76033.74 and 76917.85. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were FMCG up by 3.38%, Realty up by 2.33%, Consumer Durables up by 1.74%, Auto up by 1.64%, and TECK up by 1.52%, while Utilities down by 0.86%, Power down by 0.79%, PSU down by 0.35%, and Metal down by 0.14% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharti Airtel up by 3.48%, HDFC Bank up by 3.47%, Asian Paints up by 3.15%, ICICI Bank up by 3.14% and Hindustan Unilever up by 2.73%. On the flip side, NTPC down by 1.89%, Infosys down by 1.88%, Power Grid Corporation of India down by 0.81%, Reliance Industries down by 0.80% and Trent down by 0.72% were the top losers. (Provisional)

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 ended at 23810.85, up by 370.05 points or 1.58% after trading in a range of 23482.80 and 23810.85. There were 38 stocks advancing against 11 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were BSE up by 5.03%, Nestle India up by 4.47%, Tata Consumer Products up by 4.29%, Asian Paints up by 3.99% and Bharti Airtel up by 3.77%. On the flip side, Power Grid Corporation of India down by 3.04%, State Bank Of India down by 1.70%, ONGC down by 1.13%, Infosys down by 1.11% and Adani Enterprises down by 1.05% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 171.19 points or 0.66% to 25,809.90, UK’s FTSE 100 decreased 57.69 points or 0.54% to 10,703.64 and France’s CAC fell 17.69 points or 0.22% to 8,030.00.

Asian markets ended mostly lower on Tuesday, pressured by a deepening sell-off in US technology and artificial intelligence stocks alongside heightened fears of Middle East escalation. Investors were on edge as voting began in the crucial US midterm elections. Further, Chinese markets declined, even as Chinese regulators rolled out a series of support measures, ranging from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets. Moreover, South Korea’s Kospi tumbled amid foreign and institutional sell-offs driven by growing worries about massive artificial intelligence spending, while the country's consumer price inflation rose 2.8% year-over-year in October 2026. Meanwhile, Japanese market was closed in observation of Culture Day holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,608.10

-29.93

-0.82

Hang Seng

23,525.97

132.65

0.57

Jakarta Composite

4,904.29

-192.54

-3.93

KLSE Composite

1,621.85

2.34

0.14

Nikkei 225

--

--

--

Straits Times

5,269.29

-34.54

-0.65

KOSPI Composite

5,648.79

-210.29

-3.59

Taiwan Weighted

43,307.54

-1,612.60

-3.59
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