Morning Brief: Nifty Hits 23,960 High as FIIs Net Buy ₹17,236 Crore Over Three Sessions | 05 Nov 2026, 08:15 AM IST
Key Highlights
Nifty closes at 23,960.60, marking a five-session winning streak. Institutional buying and strong corporate results dominate the pre-market sentiment.
The closed at 23,960.60 on Wednesday, marking a significant 20-session high and extending its winning streak to five consecutive sessions. This rally, supported by robust institutional participation and easing cost pressures, underscores a resilient domestic market sentiment as investors navigate global cues.
The 60-Second Version
- The Nifty 50 rose +0.63% to 23,960.60, while the Nifty Bank gained +0.67%.
- (FIIs) have been net buyers for three consecutive sessions, totaling ₹17,236 crore in net inflows.
- Thirty-nine Nifty 500 companies are scheduled to hold board meetings today to discuss quarterly results.
- Five stocks, including Bharat Electronics and Adani Enterprises, led the gains, while IT majors like TCS and Infosys faced selling pressure.
- The Indian rupee strengthened by 13 paise against the US dollar, closing at 94.62.
Market Snapshot
The benchmark indices maintained their upward trajectory throughout the previous session. The Nifty 50 has delivered a strong +5.56% return over the last five sessions. The index is currently trading at its 20-session high, reflecting sustained momentum.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 55,913.60 | +373.55 | +0.67% |
| Nifty 50 | 23,960.60 | +149.75 | +0.63% |
| NIFTY Midcap 100 | 59,505.50 | +909.25 | +1.55% |
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +5.56% |
| Last 20 sessions | +5.20% |
| 20-session high | 23,960.60 |
| 20-session low | 22,231.80 |
| Below the 20-session high | At the high |
| Current run | 5 sessions up in a row |
Where the Money is Flowing
Institutional activity remains a key driver of the current market rally. FIIs have aggressively deployed capital into Indian equities, with net buying reaching ₹7,284.03 crore in the latest session alone. Conversely, (DIIs) have been net sellers, offloading ₹3,712.23 crore on Wednesday, as they likely rebalanced portfolios amid the index’s rapid ascent.
| Session | FII net | DII net |
|---|---|---|
| 4 Nov | +7,284 | −3,712 |
| 3 Nov | +6,837 | −3,679 |
| 2 Nov | +3,115 | −392 |
| Last 3 sessions | +17,236 | −7,783 |
Sectors and Movers
Sectoral performance was mixed, with Realty and FMCG leading the gains, while the IT sector lagged as investors reacted to global tech volatility. Bharat Electronics Ltd. and Adani Enterprises Ltd. were among the top performers, reflecting strong interest in the defense and trading sectors respectively.
| Sector index | Change % |
|---|---|
| +2.85% | |
| +1.50% | |
| +1.16% | |
| +0.88% | |
| +0.74% | |
| +0.42% | |
| −1.50% |
| Stock | Price | Change % |
|---|---|---|
| Bharat Electronics Ltd. | ₹398 | +4.71% |
| Adani Enterprises Ltd. | ₹2,709.2 | +4.47% |
| Titan Company Ltd. | ₹4,754.4 | +4.22% |
| JIO Financial Services Ltd. | ₹222.27 | +3.73% |
| Max Healthcare Institute Ltd. | ₹927.15 | +3.53% |
| Stock | Price | Change % |
|---|---|---|
| Tata Consultancy Services Ltd. | ₹2,436 | −2.52% |
| HCL Technologies Ltd. | ₹1,405 | −2.37% |
| Coal India Ltd. | ₹399.65 | −2.05% |
| Ltd. | ₹3,601.5 | −1.75% |
| Infosys Ltd. | ₹1,128.2 | −1.73% |
The World and the Economy
Global markets presented a mixed picture as investors digested the US midterm election results. While US markets ended higher on positive economic data, Asian indices showed caution. Domestically, the services sector continues to show strength, with the services PMI reaching a four-month high of 55.8 in October. Additionally, the Reserve Bank of India has further streamlined reporting norms for service exporters, aiming to reduce compliance burdens.
Companies, Results and IPOs
- Dabur India reported a +12% increase in consolidated net profit for the second quarter.
- Cupid has entered into a long-term exclusive retail arrangement with V2 , securing dedicated space across their network.
- GE Shipping took delivery of the Kamsarmax Dry Bulk Carrier ‘Jag Amit’ to bolster its fleet capacity.
- South Eastern Coalfields has filed preliminary papers with SEBI for an initial public offering, structured as an offer for sale.
Today on the Calendar
Today is a busy day for corporate actions and results. Thirty-nine Nifty 500 companies, including Bharti Airtel, Britannia Industries, and Abbott India, are scheduled to report their quarterly results. Additionally, several companies are trading ex-dividend, including Varun Beverages and Navin Fluorine International.
On the calendar today, Thursday, 5 November
| Company | Also considering a dividend |
|---|---|
| Aadhar Housing Finance Ltd. | — |
| Abbott India Ltd. | — |
| Astral Ltd. | Yes |
| BEML Ltd. | — |
| Berger Paints India Ltd. | — |
| Bharti Airtel Ltd. | — |
| Bharti Hexacom Ltd. | — |
| Britannia Industries Ltd. | — |
| Cemindia Projects Ltd. | — |
| CESC Ltd. | — |
| Aditya Infotech Ltd. | — |
| Fortis Healthcare Ltd. | — |
| Company | What happens |
|---|---|
| Antala Industries Ltd. Price band ₹62 to ₹66 | Last day to bid |
| Company | Event | Detail |
|---|---|---|
| Birlasoft Ltd. | dividend | ₹3 per share |
| Engineers India Ltd. | dividend | ₹1.5 per share |
| Navin Fluorine International Ltd. | dividend | ₹8 per share |
| Sun TV Network Ltd. | dividend | ₹3.75 per share |
| Varun Beverages Ltd. | dividend | ₹0.5 per share |
The Nifty’s five-session winning streak, coupled with consistent FII inflows, signals strong underlying confidence, though the divergence between FII and DII activity warrants close monitoring as the index tests new highs.