Stock Market Open Report November 4, 2026: Bulls Continue Rampage As Sensex, Nifty Rise on Cooling Oil Amid US Elections, FPI Inflows

Mumbai, Nov 4: The Sensex and the Nifty 50 rose on Wednesday, extending a four-session rally, with the BSE Sensex at 77,301.59 at 9.30 am, up 383.74 points or 0.50 per cent. The NSE Nifty 50 was at 23,921.20 at 9.31 am, higher by 110.35 points or 0.46 per cent.)

On Tuesday, the Sensex rose 1,225.07 points to 76,917.85 and the Nifty gained 370.05 points to 23,810.85, their highest closes in nearly two months. 

Oil is the first support. Brent crude was at USD 102.71 a barrel, down 0.86 per cent, about 13 per cent below Friday’s six-month high of USD 118, while West Texas Intermediate (WTI) was at USD 95.08, down 1.05 per cent. Lower crude eases pressure on India’s import bill and inflation. 

Provisional exchange data showed that foreign portfolio investors (FPIs) were net buyers of Indian equities worth Rs 6,837 crore on Tuesday. They have recorded net purchases in five of the past six trading sessions, signalling a possible improvement in overseas investor sentiment towards domestic markets.

Reliance Industries (RELIANCE) jumped 11.6 per cent on Monday after its consolidated net profit rose 40.6 per cent to Rs 25,548 crore, and Marico surged 10 per cent on Tuesday after September-quarter results. National Stock Exchange of India, Multi Commodity Exchange of India and Awfis Space Solutions are in focus today after profit rises of 23 per cent, 130 per cent and 92.8 per cent. 

Global cues are weak, and investors await the US midterm results. Japan’s Nikkei fell 3.56 per cent and South Korea’s Kospi 2.67 per cent, while Wall Street ended mixed. President Donald Trump says he is in no hurry for strikes on Iran, and NSE’s market-wide volatility index, India VIX, rose 2.14 per cent to 16.06. 

Gainers & Losers 

Among Nifty 50 stocks, Max Healthcare Institute (MAXHEALTH) led the gainers, rising 3.07 per cent to Rs 923 from the previous close of Rs 895.50, a gain of Rs 27.50. ITC (ITC) advanced 2.81 per cent to Rs 281.60 from Rs 273.90, and Shriram Finance (SHRIRAMFIN) added 1.56 per cent to Rs 898.60 from Rs 884.80. HDFC Bank (HDFCBANK) gained 1.41 per cent to Rs 735.70 from Rs 725.50, while Apollo Hospitals Enterprise (APOLLOHOSP) climbed 1.39 per cent to Rs 8,557 from Rs 8,440. 

On the other side, BSE Limited (BSE) was the top loser, down 1.76 per cent at Rs 3,601.30 against Rs 3,665.70 at the previous close, a fall of Rs 64.40. Power Grid Corporation of India (POWERGRID) lost 0.98 per cent to Rs 257 from Rs 259.55, Infosys (INFY) dropped 0.96 per cent to Rs 1,137.10 from Rs 1,148.10, HCL Technologies (HCLTECH) fell 0.89 per cent to Rs 1,426.30 from Rs 1,439.10, and Tata Consultancy Services (TCS) slipped 0.80 per cent to Rs 2,479 from Rs 2,499.10. 

Broad Markets & Sectoral Indices 

In the broader market, the Nifty 100 rose 0.27 per cent to 24,805.70, the Nifty 500 gained 0.23 per cent to 22,571.35, and the Nifty 200 added 0.22 per cent to 13,612.35. The Nifty Smallcap 100 was flat, up 0.01 per cent at 18,655.30, and India VIX rose 2.14 per cent to 16.06. The Nifty Midcap Select was the biggest loser, down 0.26 per cent at 13,525.80, followed by the Nifty Midcap 50, down 0.13 per cent at 16,886.50, and the Nifty Microcap 250, down 0.02 per cent at 24,303.30. 

Among sectors, the Nifty FMCG jumped 1.42 per cent to 46,227, the Nifty Cement rose 0.99 per cent to 13,977.85, and the Nifty Financial Services 25/50 gained 0.60 per cent to 27,325.95. The Nifty Capital Markets was the weakest, down 0.86 per cent at 5,403.35, followed by the Nifty IT, down 0.65 per cent at 32,340, and the Nifty India Defence, down 0.40 per cent at 8,908.35. 

Oil Prices 

Oil prices slipped in early trade on Wednesday as investors awaited the US midterm results and their potential impact on peace talks, even after industry data showed US crude stocks unexpectedly fell last week. Brent crude fell USD 0.89, or 0.86 per cent, to USD 102.71 per barrel, while West Texas Intermediate (WTI) dropped USD 1.01, or 1.05 per cent, to USD 95.08. Murban crude was quoted at USD 102.16, down 2.98 per cent on Tuesday’s data, and the Opec basket stood at USD 103.53 after a 10.64 per cent fall on a one-day delay. Brent remains about 13 per cent below the six-month high of USD 118 touched on Friday, which has eased concerns over India’s import bill and inflation. 

Asian & US Markets 

Asian stocks were weak on Wednesday morning, led by a sharp fall in Japan. Japan’s Nikkei dropped 3.56 per cent to 60,835.36 as Tokyo reopened after a holiday, South Korea’s Kospi lost 2.67 per cent to 5,497.78, Singapore’s Straits Times fell 1.12 per cent to 5,210.04, Taiwan declined 0.69 per cent to 43,009.75 and Malaysia lost 0.21 per cent to 1,618.51. Australia’s ASX 200 slipped 0.48 per cent to 8,844.50 and Hong Kong’s Hang Seng eased 0.21 per cent to 23,475.54, while Shanghai lost 0.13 per cent to 3,603.47 and Shenzhen gained 0.25 per cent to 10,903.74. 

Wall Street ended mixed on Tuesday as Americans voted in the midterm elections. The Nasdaq Composite rose 0.83 per cent to 25,372.01 and the S&P 500 gained 0.36 per cent to 7,568.92, while the Dow Jones Industrial Average fell 197.26 points, or 0.38 per cent, to 51,786.72. The VIX eased 1.51 per cent to 20.83, and the Nasdaq 100 gained 0.68 per cent to 28,180.26, while the Russell 2000 rose 0.23 per cent to 2,812.45 and the NYSE composite fell 0.27 per cent to 24,307.04. 

Iran War 

Iran and the US remain far from a deal to end the war, a senior Iranian official told Reuters on Tuesday, as Trump said he is ready but in no hurry for strikes and declined to rule out resuming combat operations after the elections. Overnight, the US carried out “defensive” strikes on Iran’s Qeshm island targeting surface-to-air missiles, which one US official said appeared limited and not a return to major combat, even as Iran’s security council secretary Mohsen Rezaei called the US response to Tehran’s demands unconvincing. Qatari mediators, who travelled to Tehran on Monday night to discuss a draft deal, expect feedback from both capitals within 36 hours, while Iran says the Strait of Hormuz will reopen only if its seven conditions are met. Tehran has warned of a forceful response in the region and beyond to any US strikes, and its armed forces chief said target lists covering US and Israeli assets are being updated. 

Indian Markets on Tuesday 

The Sensex surged 1,225.07 points, or 1.62 per cent, to 76,917.85, while the Nifty 50 gained 370.05 points, or 1.58 per cent, to 23,810.85, a fourth straight gain that took the benchmarks up about 5 per cent over the period. Breadth was positive, with 2,362 shares advancing, 1,862 declining and 156 unchanged on the BSE, while the Nifty Midcap index gained 0.8 per cent and the Nifty Smallcap index 0.3 per cent. Nifty FMCG rose 2.5 per cent, Nifty Realty 2.10 per cent, Nifty Private Bank 1.98 per cent and Nifty Auto 1.7 per cent, while Nifty PSU Bank fell 1.4 per cent and Nifty Energy 0.4 per cent. BSE Limited, Tata Consumer Products, Asian Paints, Bharti Airtel and Nestle India led the Nifty 50 gainers, while Infosys, State Bank of India, ONGC, Power Grid Corporation and Adani Enterprises were the major laggards. 

Source

• NSE
• BSE
• oilprice.com
• CBS News