HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets trade in fine fettle in early deals on Wednesday
Nov-04-2026

Indian equity markets made a negative start on Wednesday amid weak cues from other Asian markets. However, both Sensex and Nifty recovered from their early lows and were trading over half a per cent higher in early deals, supported by buying from funds and retail investors. Sentiments got boost as crude oil prices fell, with market participants hoping that the U.S. and Iran would reach a diplomatic settlement to the conflict that has disrupted global energy supplies for eight months. Besides, support also came in as foreign institutional investors (FIIs) were net buyers of Rs 6,836.81 crore in Indian equities on November 3, 2026.

On the global front, Asian markets were trading lower amid anxiety over AI industry and unresolved geopolitical risks. Traders remained cautious ahead to the U.S. midterm election results. Back home, on the BSE sectoral front, traders were seen piling up positions in FMCG, Realty, Auto, Consumer Durables, and Oil & Gas stocks, while selling pressure was witnessed in Telecom, TECK, IT, Power, and Utilities stocks.

The BSE Sensex is currently trading at 77320.24, up by 402.39 points or 0.52% after trading in a range of 76604.85 and 77327.88. There were 17 stocks advancing against 13 stocks declining on the index.

The top gaining sectoral indices on the BSE were FMCG up by 1.43%, Realty up by 0.79%, Auto up by 0.64%, Consumer Durables up by 0.62% and Oil & Gas up by 0.60%, while Telecom down by 0.82%, TECK down by 0.46%, IT down by 0.18%, Power down by 0.05% and Utilities down by 0.01% were the top losing indices on BSE.

The top gainers on the Sensex were ITC up by 3.00%, HDFC Bank up by 1.63%, Adani Ports up by 1.37%, State Bank of India up by 1.29% and Sun Pharma up by 1.02%. On the flip side, Power Grid down by 1.06%, TCS down by 1.05%, Eternal down by 0.92%, Infosys down by 0.84% and HCL Technologies down by 0.80% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) has eased reporting requirements for small service exporters and importers, including relaxing rules for filing export declarations. The RBI notified the changes through the Foreign Exchange Management (Export and Import of Goods and Services) (Second Amendment) Regulations, 2026. The revised norms have come into effect retrospectively from October 1.

Under the amended regulations, individual service exporters will be deemed to have submitted the Export Declaration Form (EDF) once they provide the required payment-related information to their authorised dealer bank for crediting the proceeds to their accounts. For exporters other than resident individuals, the same facility will apply if the inward remittance for the service is not more than Rs 10 lakh or its equivalent in foreign currency.  

The RBI has also eased reporting requirements for imports of services under the Import Data Processing and Monitoring System (IDPMS) subject to certain conditions. Under the revised rules, authorised dealer banks will be required to enter details of service imports in the IDPMS within five working days of receiving the information only in cases where the importer is not a resident individual and the invoice or contract value exceeds Rs 10 lakh, or its equivalent in foreign currency. 

The CNX Nifty is currently trading at 23941.30, up by 130.45 points or 0.55% after trading in a range of 23696.15 and 23942.50. There were 33 stocks advancing against 17 stocks declining on the index.

The top gainers on Nifty were ITC up by 2.96%, Max Healthcare up by 2.74%, HDFC Bank up by 1.96%, HDFC Life Insurance up by 1.66% and Nestle India up by 1.43%. On the flip side, Coal India down by 2.38%, BSE down by 1.60%, Power Grid down by 1.06%, Infosys down by 0.93% and HCL Technologies down by 0.91% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 2681.86 points or 4.44% to 60,400.00, Taiwan Weighted lost 1198.81 points or 2.85% to 42,108.73, Jakarta Composite plunged 25.62 points or 0.53% to 4,878.67, Shanghai Composite weakened 3.73 points or 0.1% to 3,604.37, KOSPI dropped 186.71 points or 3.42% to 5,462.08, Hang Seng declined 27.97 points or 0.12% to 23,498.00 and Straits Times fell 3.54 points or 0.07% to 5,200.43.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.