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EQUITY
Post Session: Quick Review
Nov-04-2026

Indian equity markets ended higher on Wednesday, recovering from a sharp midday decline, with both the Nifty and Sensex closing around half a per cent higher, supported by buying interest in select heavyweight stocks. Sentiments remained upbeat, aided by easing crude oil prices and sustained foreign fund inflows. Foreign Institutional Investors (FIIs) were net buyers of Indian equities worth Rs 6,836.81 crore on November 3, 2026. However, weakness in heavyweight IT stocks led to some volatility in the markets.

Some of the important factors in trade:

India's data centre capacity to surge five-fold to 7.5 gigawatts by 2030: Traders took some support with Crisil Ratings’ report stating that the Indian data centre industry is expected to witness a significant investment push, with installed capacity likely to expand five-fold to approximately 7.5 gigawatts (GW) by March 2030. 

India’s services PMI rises to 4-month high of 55.8 in October: Traders got encouragement, as India’s services sector activity recorded the strongest pace of expansion in four months in October 2026 as demand buoyancy fuelled growth in business activity and new orders amid easing cost pressures. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.8 in October from 55.2 in September.

RBI eases reporting requirements for small service exporters and importers: Sentiments remained upbeat as the Reserve Bank of India (RBI) has eased reporting requirements for small service exporters and importers, including relaxing rules for filing export declarations. It has made amendments to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations.

On the global front: European stocks were trading higher as investors digested a fresh batch of corporate earnings while positioning ahead of the Bank of England’s monetary policy decision on Thursday. Asian markets traded mostly higher, buoyed by a decline in global bond yields following the Democratic sweep in the US midterm elections.

The BSE Sensex ended at 77301.40, up by 383.55 points or 0.50% after trading in a range of 76604.85 and 77396.04. There were 19 stocks advancing against 11 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 3.60%, Realty up by 2.83%, Power up by 2.64%, Metal up by 2.48% and Industrials up by 2.34%, while IT down by 1.21% and TECK down by 0.84% were the only losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bharat Electronics up by 4.63%, Titan Company up by 3.91%, ITC up by 2.63%, Interglobe Aviation up by 2.17% and Bajaj Finance up by 2.15%. On the flip side, TCS down by 2.66%, Infosys down by 2.16%, HCL Technologies down by 1.96%, Eternal down by 1.80% and Kotak Mahindra Bank down by 1.39% were the top losers. (Provisional)

Meanwhile, highlighting India's growing global appeal, Union Minister of Commerce and Industry Piyush Goyal has said that India has earned the trust of the world, with countries across almost every region keen to enter into preferential trade agreements and free trade agreements with it. He observed that India is increasingly seen as a trusted partner, with its youthful population, talent, willingness to work hard and commitment to contributing to global growth strengthening its international standing. Goyal said that the country had come a long way from being a fragile five economy to becoming one of the world's leading economies and the fastest-growing large economy. 

Referring to a recent World Bank report, he noted that around 50 crore people in India had come out of extreme poverty and were making progress towards improving their lives through hard work. He attributed India's growth to several factors, including its talent pool, the skills of its young population, its democratic system, a youthful demographic profile with an average age below 30 years, decisive leadership and the demand generated by 140 crore Indians for quality goods and services. He said that these strengths collectively provided impetus to India's growth story.

Goyal said that the country had recorded its highest-ever exports of $863 billion last year. He noted that while the International Monetary Fund (IMF), in its projections in April-May this year, had estimated global trade growth at 1.9 per cent, India had chosen to set an ambitious export target of $1 trillion for the current year, representing 16 per cent growth. He said that India could have set an export target of $900 billion, representing 5 per cent growth over the previous year's exports, which would itself have been a significant achievement in view of the projected growth in global trade. 

The minister said a target of $900 billion would also have represented growth at more than twice the projected global trade growth rate. However, India chose to set a more ambitious target of $1 trillion. Goyal expressed confidence that the country would achieve this milestone, noting that exports had already registered 14 per cent growth during the first six months of the financial year (April-September), reaching $480 billion. He said that India would need to achieve exports worth $520 billion in the remaining six months to meet the annual target and observed that October had also been a good month. 

The CNX Nifty ended at 23960.60, up by 149.75 points or 0.63% after trading in a range of 23696.15 and 23960.60. There were 35 stocks advancing against 15 stocks declining on the index. (Provisional)

The top gainers on Nifty were Bharat Electronics up by 4.71%, Adani Enterprises up by 4.47%, Titan Company up by 4.22%, JIO Financial Services up by 3.73% and Max Healthcare up by 3.53%. On the flip side, TCS down by 2.52%, HCL Technologies down by 2.37%, Coal India down by 2.05%, BSE down by 1.75% and Infosys down by 1.73% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 288.18 points or 1.11% to 26,152.80, France’s CAC rose 84.29 points or 1.05% to 8,104.60 and UK’s FTSE 100 increased 76.25 points or 0.72% to 10,714.68.

Asian markets ended mixed on Wednesday as investors reacted to a dramatic ‘blue wave’ in the US midterm elections that saw the Democratic Party take control of both the House of Representatives and the Senate. Ongoing pressure on technology and AI-related shares, alongside uncertainty over US-Iran peace talks have kept markets on edge. Further, market participants remained cautious amid rising expectations of interest rate hike by US Federal Reserve at its upcoming meeting on December 8-9, 2026. Meanwhile, Chinese market gained after China's central bank PBoC said that banks had applied to borrow more than 200 billion yuan to finance listed companies' share purchases under an upgraded re-lending scheme. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,686.17

78.08

2.16

Hang Seng

23,919.50

393.53

1.67

Jakarta Composite

4,919.77

15.48

0.31

KLSE Composite

1,616.56

-5.29

-0.33

Nikkei 225

62,188.63

-893.23

-1.42

Straits Times

5,268.63

-0.66

-0.01

KOSPI Composite

5,683.80

35.01

0.62

Taiwan Weighted

42,948.91

-358.63

-0.83
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