Stock market today: Frontline indices, the Sensex and the Nifty 50, eked out gains on Monday, November 3, amid mixed global cues. The Sensex ended 40 points higher at 83,978.49, while the Nifty 50 settled at 25,763.35, up 41 points, or 0.16 per cent. The mid and small-cap segments, however, outperformed, as the BSE Midcap index ended with a healthy gain of 0.62 per cent, while the Smallcap index rose by 0.71 per cent.
The gains in the broader market lifted the overall market capitalisation of BSE-listed firms to over ₹472 lakh crore from ₹470 lakh crore in the previous session, making investors richer by more than ₹2 lakh crore in a single session.
Indian stock market: 10 key highlights from the day
1. What moved the Sensex, Nifty 50?
Benchmark indices ended flat while the second-rung mid and small-cap indices ended with healthy gains amid a lack of fresh triggers.
The market is witnessing stock-specific action amid the ongoing Q2 earnings season. The September quarter earnings of India Inc. have largely been in line with expectations, keeping the market in a range.
“India’s Q2FY26 earnings season has delivered a balanced picture — with broad-based growth across mid-caps and key cyclical sectors offsetting weakness in select small-caps,” brokerage firm Motilal Oswal Financial Services observed.
“Earnings upgrades outnumbered downgrades for the first time in several quarters, signalling a healthier market backdrop and improving confidence in India Inc.’s profitability trajectory,” said the brokerage firm.
The domestic market is seeking fresh positive triggers, as most variables, such as expected earnings growth from Q3, an India-US trade deal, and monetary easing, appear to be largely discounted.
“The domestic market ended on a marginal positive note as profit booking was visible at the higher levels due to the absence of fresh domestic triggers. While the broader market outperformed since the quarterly earnings are steering investors’ preference to take a short- to medium-term view,” Vinod Nair, Head of Research, Geojit Investments Limited, noted.
2. Top gainers in the Nifty 50 index today
As many as 32 stocks ended higher in the Nifty 50 index, among which Shriram Finance (up 6.18 per cent), Tata Consumer (up 2.62 per cent), and Apollo Hospitals Enterprise (up 2 per cent) ended as the top gainers.
3. Top losers in the Nifty 50 index
Shares of Maruti Suzuki India (down 3.41 per cent), ITC (down 1.51 per cent), and TCS (down 1.26 per cent) ended as the top losers in the index.
4. Sectoral indices today
Barring Nifty Consumer Durables (down 0.29 per cent), IT (down 0.17 per cent), and FMCG (down 0.10 per cent), all sectoral indices ended higher.
Nifty Realty (up 2.23 per cent), PSU Bank (up 1.92 per cent), and Pharma (up 1.20 per cent) posted strong gains.
Nifty Bank rose by 0.56 per cent, while the Financial Services index climbed 0.62 per cent.
5. Most active stocks in terms of volume
Vodafone Idea (251.50 crore shares), YES Bank (10.71 crore shares), and Suzlon (7.5 crore shares) were the most active stocks in terms of volume on the NSE.
6. Nearly 15 stocks jump over 15% on BSE
Dolphin Offshore Enterprises, Dredging Corporation of India, Thangamayil Jewellery, Mac Hotels, and Lancor Holdings were among the 14 stocks that jumped over 15 per cent on the BSE.
7. Advance-decline ratio
Out of 4,461 stocks traded on the BSE, 2,227 advanced, while 2,009 declined. Some 225 stocks remained unchanged.
8. Nearly 180 stocks hit 52-week highs
As many as 178 stocks, including SBI, Punjab National Bank, Canara Bank, Bank of Baroda, Federal Bank, Shriram Finance, SBI Life Insurance Company, BPCL, Indian Oil Corporation, Tata Consumer Products, and Cummins India, hit their 52-week highs in intraday trade on the BSE.
9. 85 stocks hit 52-week lows
Westlife Foodworld, Route Mobile, Jindal Saw, H.G. Infra Engineering, Easy Trip Planners, Cohance Lifesciences, Clean Science and Technology, and Deepak Nitrite were among the 85 stocks that hit their 52-week lows on the BSE.
10. Nifty’s technical outlook
According to Shrikant Chouhan, the head of equity research at Kotak Securities, for day traders, 25,700 and 25,650 would act as key support zones.
“As long as the market trades above these levels, a pullback formation is likely to continue, with the index potentially moving up to 25,875. Further upside may also persist, potentially lifting the index to 26,000. On the flip side, below 25,650, the uptrend would become vulnerable. If the market falls below this level, the chances of hitting 25,550 would increase,” said Chouhan.
Nilesh Jain, the head technical and derivatives equity research analyst at Centrum Broking, believes a decisive breakout above 25,800 could open the doors for a further move towards 25,900–26,000. On the downside, immediate support lies at 25,600, while the key support from the 21-DMA is placed around 25,540.
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.