Stock Market Open Report Today, November 3, 2026: Sensex, Nifty Extend Bull Rally in Early Trade as Crude Cools, FIIs Return

Mumbai, November 3: The Sensex and the Nifty 50 opened higher on Tuesday and extended Monday’s strong rally, with the BSE Sensex at 76,397.72 at 9.29 am, up 704.94 points or 0.93 per cent. The NSE Nifty 50 stood at 23,617.65 at 9.30 am, higher by 176.85 points or 0.75 per cent. Both benchmarks are trading above Monday’s close, which was a near two-month high for the Sensex, and the Nifty is back above the 23,600 mark. 

On Monday, the Sensex rose 1.66 per cent and the Nifty gained 1.68 per cent. Over the two sessions, the Sensex has added 1,938.19 points, or 2.60 per cent, from Friday’s close of 74,459.53, and the Nifty 564.55 points, or 2.45 per cent, from 23,053.10. Monday’s move was led by Reliance Industries, which surged 11.6 per cent on September-quarter earnings. 

Crude oil is the first support. Brent was at $104.70 a barrel, about 11.3 per cent below the six-month high of $118 touched on Friday. Lower prices ease concerns over India’s import bill, inflation and external balances. WTI crude was at $96.57, up 0.11 per cent, so the pullback from Friday’s peak has so far held. 

Foreign money is the second. Foreign institutional investors (FIIs) bought Indian equities worth about Rs 3,115 crore on Monday. Breadth backed the move, with 2,668 shares advancing against 1,469 declining and 162 unchanged on the NSE. The Nifty Midcap index gained 1 per cent and the Nifty Smallcap index 0.7 per cent on Monday, so the rally was not confined to large caps. 

The third is the calendar. The US votes in the midterm elections today, and the results will arrive after Indian trading hours. Wall Street ended mixed on Monday, with the Nasdaq down 1.07 per cent, the S&P 500 down 0.51 per cent and the Dow up 0.41 per cent. The VIX, Wall Street’s fear gauge, rose 8.91 per cent to 21.15. 

Asia offers no strong cue. The Hang Seng gained 0.6 per cent while the Kospi fell 2.78 per cent. India VIX rose 2.01 per cent to 15.81, indicating that traders are not expecting a sharp move today. The Nikkei fell 0.33 per cent and Shanghai lost 0.56 per cent, so no drastic development is visible in the region this morning. 

Gainers & Losers 

Among Nifty 50 stocks, InterGlobe Aviation (INDIGO) led the gainers, rising 2.95 per cent to Rs 5,064.80 from the previous close of Rs 4,919.90, a gain of Rs 144.90. Nestle India (NESTLEIND) advanced 1.94 per cent to Rs 1,218.20 from Rs 1,195, and Shriram Finance (SHRIRAMFIN) added 1.93 per cent to Rs 880.05 from Rs 863.35. Asian Paints (ASIANPAINT) climbed 1.81 per cent to Rs 2,386.80 from Rs 2,344.30, while HDFC Bank (HDFCBANK) gained 1.74 per cent to Rs 712.20 from Rs 700. 

On the other side, Oil and Natural Gas Corporation (ONGC) was the top loser, down 1.78 per cent at Rs 230.64 against Rs 234.83 at the previous close, a fall of Rs 4.19. Apollo Hospitals Enterprise (APOLLOHOSP) slipped 1.51 per cent to Rs 8,331.50 from Rs 8,459, Power Grid Corporation of India (POWERGRID) lost 1.12 per cent to Rs 264.70 from Rs 267.70, Max Healthcare Institute (MAXHEALTH) dropped 1.09 per cent to Rs 875.10 from Rs 884.75, and Sun Pharmaceutical Industries (SUNPHARMA) fell 1.01 per cent to Rs 1,752.10 from Rs 1,770. 

Broad Markets & Sectoral Indices 

Every broad index was in the green. The Nifty Midcap 150 rose 0.60 per cent to 21,437.70, the Nifty Midcap 100 gained 0.58 per cent to 58,317.05, and the Nifty 100 added 0.56 per cent to 24,519.50. No broad index was in the red, and the weakest were the Nifty Smallcap 50, up 0.05 per cent at 9,408.30, the Nifty Smallcap 100, up 0.14 per cent at 18,621.95, and the Nifty Smallcap 250, up 0.32 per cent at 17,045.75. Among sectors, the Nifty Cement jumped 1.56 per cent to 13,801.85, the Nifty FMCG rose 1.49 per cent to 44,631.50, and the Nifty Chemicals advanced 1.15 per cent to 27,387.20. The Nifty CPSE was the biggest sectoral loser, down 0.78 per cent at 6,170.50, followed by the Nifty Pharma, down 0.55 per cent at 26,956.75, and the Nifty Healthcare Index, down 0.55 per cent at 16,388.40. 

Oil Prices 

Brent crude was at $104.70 a barrel, down 7 cents, while WTI crude was at $96.57, up 11 cents or 0.11 per cent. Brent has retreated from a six-month high of $118 touched on Friday and from about $110 on Monday, as Iranian and Qatari officials held a third straight day of talks to end the US-Israeli war on Iran, raising hopes of easier supply flows. Murban crude was quoted at $105.30, down $13.40 or 11.29 per cent on an 18-hour delayed price, and WTI Midland fell $7.82, or 7.46 per cent, to $97.02 on a two-hour delay, while Mars crude dropped $4.57, or 3.08 per cent, to $144.03. The Opec basket rose $3.01, or 2.67 per cent, to $115.86 on a three-day delay, still well above Brent. 

Asian & US Markets 

Asian markets were mixed on Tuesday morning. The Hang Seng rose 0.6 per cent to 23,533.36 and the Shenzhen index gained 0.49 per cent, while the Kospi fell 2.78 per cent to 5,695.99 and Taiwan lost 1.15 per cent to 44,403.80, with Singapore’s STI down 0.57 per cent at 5,273.63. The Nikkei slipped 0.33 per cent to 63,081.86, Shanghai lost 0.56 per cent to 3,617.57, and the ASX 200 was nearly flat at 8,858. 

Wall Street closed mixed on Monday. The Nasdaq Composite fell 1.07 per cent to 25,164.36 and the S&P 500 lost 0.51 per cent to 7,541.40, while the Dow Jones Industrial Average gained 213.67 points, or 0.41 per cent, to 51,983.98. The VIX, Wall Street’s fear gauge, rose 8.91 per cent to 21.15, and the Nasdaq 100 fell 1.39 per cent to 27,989.82, while the transport index rose 1.54 per cent. 

Iran War 

The US-Israeli war on Iran, which began in late February, saw another round of diplomacy on Monday, when Iranian and Qatari officials held a third consecutive day of talks aimed at an agreement to end it. The conflict has opened a front in Yemen, where the Iran-aligned Houthis have stepped up attacks on Saudi Arabia. According to Reuters, contacts between Iran and the United States to end their eight-month war are continuing, Tehran said on Monday, after days of Iranian talks with Qatari mediators ended with altered proposals but no breakthrough. “Consultations through mediators ​are very intensive. We have presented our conditions and proposals and everything depends on the political rationality of Washington,” Iranian Foreign Minister Abbas Araqchi said in ‌comments carried by state media outlet IRNA. 

Indian Markets on Monday 

The Sensex surged 1,233.25 points, or 1.66 per cent, to 75,692.78, while the Nifty 50 gained 387.70 points, or 1.68 per cent, to 23,440.80. Reliance Industries jumped 11.6 per cent, its best day since April 2020, after September-quarter consolidated net profit rose 40.6 per cent to Rs 25,548 crore against estimates of Rs 21,419 crore. Tata Steel rose 5.8 per cent, JSW Steel 5.13 per cent, Delhivery 5.9 per cent, Indian Oil Corporation 3.4 per cent and Bank of Baroda 2.7 per cent, while Infosys, Adani Ports, Sun Pharmaceutical Industries, Axis Bank and HDFC Life were among the biggest laggards, with information technology, media and pharmaceutical indices down about 0.5 per cent each. Foreign Institutional Investors (FIIs) turned net buyers, purchasing Indian equities worth approximately Rs 3,115 crore, which boosted market confidence. 

Source

• NSE
• BSE
• oilprice.com