Indian stock market closing bell | November 4, 2026
Indian equity benchmarks recovered from early losses to close higher on Wednesday, with the Sensex gaining 384 points and the Nifty 50 ending above the 23,900 mark. Buying in realty, media, FMCG and consumer durables stocks supported the recovery, while information technology shares remained under pressure. Bharat Electronics (BEL) and Titan Company emerged among the session's leading gainers.
Market sentiment also tracked developments from the US midterm elections, where a Democratic sweep of both chambers of Congress influenced global investor sentiment. The Indian rupee strengthened 11 paise to settle at ₹94.64 against the US dollar.
Sensex, Nifty recover from intraday losses
The domestic market witnessed a volatile session. The Sensex had declined more than 100 points to 76,772 during morning trade, while the Nifty slipped below 23,800. Both benchmarks subsequently recovered, with the Sensex settling 384 points higher and the Nifty closing above 23,900.
Broader markets also participated in the recovery. The Nifty Smallcap 250 and Nifty Midcap 100 indices gained up to 0.75%, with small-cap stocks leading advances among the broader-market indices.
Realty, media stocks lead sectoral rally; IT remains weak
Nifty Realty advanced around 2%, led by Lodha Developers, Godrej Properties and Brigade Enterprises. The Nifty Media index also gained around 2%, supported by Zee Entertainment Enterprises, Prime Focus and Network18.
FMCG and consumer durables indices rose more than 1% each. In contrast, the Nifty IT index declined over 2%, with Tata Consultancy Services (TCS), Mphasis and Infosys among the major drags.
At the closing hour, TCS fell 2.70% to ₹2,435, HCL Technologies declined 2.22% to ₹1,405 and Infosys dropped 1.64% to ₹1,127.10.
BEL and Titan lead Nifty gainers
Bharat Electronics gained 4.55% to close at ₹397.10, while Titan Company advanced 4.28% to ₹4,750. InterGlobe Aviation rose 2.39% to ₹5,140, Bajaj Finance gained 2.37% to ₹993.05 and ITC climbed 2.32% to ₹279.70.
Adani Ports and Special Economic Zone also advanced 2.30% to ₹1,907.10.
On the losing side, TCS, HCL Technologies and Infosys were among the major decliners. Kotak Mahindra Bank fell 1.07% to ₹459, while Eternal declined 1.60% to ₹344.05.
Rupee strengthens to ₹94.64 against US dollar
The Indian rupee gained 11 paise to settle at ₹94.64 against the US dollar. Earlier in the session, it had touched ₹94.51, its strongest level in nearly two weeks, before trimming some gains.
The currency's movement coincided with weakness in the US dollar following the midterm election results and indications of improving foreign investor flows into Indian equities.
US election outcome influences global markets
Global equity markets showed a mixed response to the US midterm election outcome. European shares advanced, with the pan-European STOXX 600 rising 0.5%. Banks and clean energy stocks were among the leading gainers, while Italy's FTSE MIB outperformed with a 1.2% rise.
South Korea's KOSPI closed 0.62% higher at 5,683.80, supported by gains in battery stocks despite weakness in chipmakers. Australia's S&P/ASX 200, however, declined 0.6% to 8,834.50, its lowest closing level since October 26.
Other market indicators were mixed. Hong Kong's Hang Seng gained 1.3% and the Shanghai Composite rose 1.9%, while Japan's Topix declined 0.9%. S&P 500 futures were down 0.3% and Euro Stoxx 50 futures fell 0.4% at the reported snapshot.
BHEL secures orders worth up to ₹28,000 crore from Adani Power
State-owned Bharat Heavy Electricals Limited (BHEL) received four projects from Adani Power, with a combined estimated value ranging between ₹20,000 crore and ₹28,000 crore.
The orders cover the supply of boilers, turbines, generators and associated auxiliaries, along with services for the projects. BHEL shares gained 5.72% to ₹422.85 during the reported afternoon trading snapshot, while Adani Power rose 2.56% to ₹200.49.
Q2 results: Nykaa, Lenskart and other companies report growth
Several companies announced their September-quarter financial results, with a number reporting year-on-year growth in profit and revenue.
Nykaa: Profit rose to ₹101 crore from ₹34 crore a year earlier. Revenue increased 28% to ₹3,006 crore from ₹2,346 crore.
Lenskart: Profit more than doubled to ₹227 crore from ₹112 crore, while revenue grew 33% to ₹2,845 crore from ₹2,147 crore.
Exide Industries: Profit increased 66.3% to ₹286 crore, while revenue rose 21.2% to ₹5,292 crore. EBITDA grew 43.1% to ₹561 crore, with margins improving to 10.6% from 9%.
Dr Lal PathLabs: Profit increased to ₹192 crore from ₹151 crore, while revenue rose 19.6% to ₹874 crore. The company also declared a second interim dividend of ₹5 per share.
Marksans Pharma: Profit grew 43.9% to ₹141 crore, while revenue increased 30.6% to ₹940 crore. EBITDA margin improved to 22.8% from 20%.
HUDCO: Profit rose 28.3% to ₹911 crore, while net interest income increased 11% to ₹1,166 crore.
Ramco Industries: Profit increased 24.4% to ₹51 crore, with revenue rising 19.1% to ₹437 crore.
Allcargo Logistics: The company returned to profitability, reporting consolidated profit after tax of ₹19 crore against a loss of ₹5 crore in the corresponding quarter last year. Revenue increased 3.4% to ₹555 crore.
Allcargo Terminals also reported an 86% year-on-year increase in second-quarter profit to ₹21 crore. Its shares gained nearly 10% in the reported afternoon trading update.
Equitas Small Finance Bank shares rise after interim CEO appointment
Shares of Equitas Small Finance Bank gained as much as 9% during the session after the bank approved the appointment of Balaji Nuthalapadi as interim chief executive officer. The appointment followed the resignation of P.N. Vasudevan on October 29, 2026.
Bond yields decline as crude prices ease
Indian government bonds rallied, supported by a decline in crude oil prices and improving sentiment following the US election outcome. The yield on the benchmark 6.94% government bond maturing in 2036 fell four basis points to 7.2594% at 11:30 a.m. IST.
The benchmark yield was on course for a third consecutive session of decline after easing by more than 11 basis points over the previous two sessions.
Market takeaway
Wednesday's session reflected a recovery in domestic equities after a weak start, supported by gains across several sectoral and broader-market indices. Realty, media, FMCG and consumer durables stocks provided momentum, while IT shares continued to weigh on sentiment. Strong quarterly earnings from companies such as Nykaa, Lenskart and Exide Industries added to the day's corporate developments.
Investors will continue to track global market reactions to the US election outcome, currency movements, crude oil prices and the ongoing September-quarter earnings season.
Data note: This report is based on the supplied market updates dated November 4, 2026. Intraday stock prices and percentage changes are identified as reported snapshots; they should not be interpreted as verified closing prices unless specifically stated.
