Indian Stock Market Closing Bell | November 4, 2026
Indian equity markets extended their winning streak to a fifth consecutive session on Wednesday, with the Sensex rising 383.55 points, or 0.50%, to close at 77,301.40 and the Nifty 50 advancing 149.75 points, or 0.63%, to settle at 23,960.60. Strong buying in media, metals, realty and consumer-related stocks supported the rally, while information technology shares remained under pressure.
The broader market outperformed the frontline indices, with the Nifty Midcap index gaining 1.3% and the Smallcap index rising 2%. Market breadth remained positive, with 2,948 shares advancing, 1,260 declining and 170 remaining unchanged on the BSE.
Media stocks lead sectoral rally; IT remains the biggest drag
The Nifty Media index emerged as the best-performing sector, climbing 5.34%. Zee Entertainment Enterprises, Prime Focus and Network18 were among the key contributors to the sector's gains.
The Nifty Metal and Realty indices advanced 2.44% and 2.8%, respectively. Consumer Durables gained 1.82%, while Energy, FMCG and Oil & Gas rose 1.96%, 1.21% and 1.43%, respectively.
In contrast, the Nifty IT index declined around 1.5%, making it the principal sectoral laggard. Weakness in global technology stocks weighed on domestic IT counters.
BEL, Titan and Adani Enterprises among top Nifty gainers
Bharat Electronics, Titan Company, Adani Enterprises, Jio Financial Services and Max Healthcare featured among the leading Nifty 50 gainers.
Bharat Electronics advanced 4.55% to close at Rs 397.10, while Titan Company gained 4.28% to Rs 4,750. Adani Enterprises, Jio Financial Services and Max Healthcare also recorded gains.
On the losing side, technology stocks dominated the list. Tata Consultancy Services declined 2.52% to Rs 2,436, HCL Technologies fell 2.45% to Rs 1,403.80 and Infosys dropped 2.13% to Rs 1,123.60. Coal India and BSE Limited also ended lower.
Among midcap stocks, NLC India surged 8.55%, Linde India gained 8.05% and UNO Minda advanced 6.32%. On the downside, Multi Commodity Exchange of India fell 5.61% and AIA Engineering declined 5.1%.
Foreign investor buying supports market sentiment
Foreign institutional investors (FIIs) purchased Indian equities worth Rs 6,836 crore on November 3, marking their third consecutive session of buying. Domestic institutional investors (DIIs), meanwhile, were net sellers, offloading shares worth Rs 3,678 crore.
Market analysts attributed the domestic market's resilience partly to continued foreign inflows, improving earnings visibility and expectations of sustained domestic consumption.
The outcome of the US midterm elections also remained an important global market factor. Democratic control of both chambers of Congress has raised expectations of greater scrutiny of the Trump administration's trade and tariff policies. However, concerns surrounding global technology regulation and geopolitical developments continued to influence investor sentiment.
Rupee strengthens 10 paise to close at Rs 94.64
The Indian rupee gained 10 paise to settle at Rs 94.64 against the US dollar, compared with its previous close of Rs 94.74.
The currency's recovery was supported by weakness in the US dollar following the US election developments, easing crude oil prices and improving foreign investment flows. The rupee had touched an intraday level near Rs 94.50 before trimming some of its gains.
Crude oil prices and global cues remain key market drivers
Brent crude traded around the USD 102–103 per barrel range in the reported market commentary, providing some relief to domestic macroeconomic sentiment.
Analysts, however, cautioned that developments surrounding US-Iran negotiations and the broader West Asia situation could influence crude prices and global risk appetite. The direction of foreign institutional flows and the September-quarter earnings season are also expected to remain important drivers for Indian equities.
Global markets recorded mixed movements following the US midterm election results. European equities advanced, with banking and clean energy stocks among the gainers. South Korea's KOSPI also ended higher, while Australia's benchmark index closed lower.
Q2 earnings: Companies report mixed performance
The September-quarter earnings season continued to generate stock-specific action.
Lenskart: Reported a sharp increase in quarterly profitability, with net profit rising to Rs 232.5 crore, while revenue grew 36% year-on-year.
HUDCO: Net profit increased 28.3% to Rs 911 crore, compared with Rs 710 crore in the corresponding quarter last year. Revenue rose 25.5% to Rs 4,040 crore.
Indian Metals & Ferro Alloys: Net profit surged 51.8% to Rs 148 crore, while revenue increased 34.6% to Rs 968 crore. EBITDA rose 69.4% to Rs 235.4 crore.
Allcargo Terminals: Net profit jumped 85.8% to Rs 21 crore, compared with Rs 11 crore a year earlier. Revenue increased 22% to Rs 252 crore.
Capacite Infraprojects: Revenue grew 19.3% to Rs 771 crore, while net profit declined 2% to Rs 48 crore. EBITDA increased 10.7% to Rs 119.6 crore, although its margin contracted to 15.4%.
Saksoft: Revenue declined 3.7% to Rs 249 crore, while net profit fell 11% to Rs 32 crore. EBITDA declined 13% to Rs 44 crore.
Nifty outlook: Analysts flag 24,200 as the next key level
Market experts maintained a constructive near-term outlook following five consecutive sessions of gains but cautioned that the benchmarks could experience consolidation after the recent rally.
According to Ajit Mishra, Senior Vice President–Research at Religare Broking, the Nifty is approaching a crucial long-term moving-average hurdle, the 200-day exponential moving average (200-DEMA). A sustained recovery could open the way towards 24,200, followed by the 24,400–24,700 zone.
He identified the 23,200–23,500 range as an immediate support zone and advised investors to remain selective, prioritising stocks demonstrating relative strength.
Shrikant Chouhan, Head of Equity Research at Kotak Neo, also maintained a positive view of the short-term market trend, while highlighting the possibility of range-bound movement at higher levels due to temporarily overbought conditions. He identified 23,800–23,750 as an important Nifty support zone and 24,000 and 24,200 as key resistance levels.
Market takeaway
The fifth consecutive session of gains reflects improving investor participation beyond large-cap stocks, with midcap and smallcap indices outperforming the benchmark indices. Media, metal and realty stocks led the advance, while continued weakness in IT shares highlighted the uneven nature of the rally.
Going forward, foreign institutional flows, crude oil prices, global developments following the US midterm elections and corporate earnings will remain central to market direction. Although the near-term trend remains positive, analysts expect investors to remain selective as the Nifty approaches the 24,000–24,200 resistance zone.
