The Nifty 50 index opened today at 23,809.85, marking a marginal change of −1 points from its previous close of 23,810.85. Early trading activity shows a cautious start as the index maintains its position at the 20-session high, following a robust run that saw the market close higher for four consecutive sessions.
The 60-Second Version
- The Nifty 50 index opened flat at 23,809.85.
- Nifty Bank shows a modest gain of +0.08% in early trade.
- Nifty Midcap 100 opened higher by +0.05%.
- India VIX remains steady at 15.72 with no change on the day.
- FIIs were net buyers of 871.83 crore in the last session.
How the Market Opened
The Nifty 50 opened at 23,809.85, effectively unchanged from yesterday’s close. The Nifty Bank index began the day at 55,582.40, a gain of +42 points or +0.08% over the previous close of 55,540.05. Meanwhile, the Nifty Midcap 100 index started at 58,626.65, rising +30 points or +0.05%. The India VIX, a measure of expected market volatility, sits at 15.72, reflecting no change during these opening minutes.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 55,582.40 | +42.35 | +0.08% |
| Nifty 50 | 23,809.85 | −1.00 | −0.00% |
| NIFTY Midcap 100 | 58,626.65 | +30.40 | +0.05% |
The current market trend is defined by a strong recent performance, with the Nifty 50 rising +4.66% over the last five sessions and +5.56% over the last 20 sessions. The index is currently trading at its 20-session high, having recovered from a 20-session low of 22,231.80.
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +4.66% |
| Last 20 sessions | +5.56% |
| 20-session high | 23,810.85 |
| 20-session low | 22,231.80 |
| Below the 20-session high | At the high |
| Current run | 4 sessions up in a row |
Sectors at the Open
Early sector performance shows varied sentiment across the board. Nifty Media leads the gainers with a move of +0.59%, followed by Nifty Chemicals Index at +0.38% and Nifty Auto at +0.28%. Nifty PSU Bank also shows strength, rising +0.22%.
Conversely, Nifty IT leads the laggards, opening down −0.45%. Other sectors seeing early pressure include Nifty Pharma at −0.24%, Nifty FMCG at −0.22%, and Nifty Oil & Gas at −0.19%.
| Sector index | Change % |
|---|---|
| Nifty Media | +0.59% |
| Nifty Chemicals Index | +0.38% |
| Nifty Auto | +0.28% |
| Nifty PSU Bank | +0.22% |
| Nifty India Consumption | +0.17% |
| Nifty Oil & Gas | −0.19% |
| Nifty FMCG | −0.22% |
| Nifty Pharma | −0.24% |
| Nifty Metal | −0.25% |
| Nifty IT | −0.45% |
What Yesterday Left Behind
Institutional activity has been a significant driver of recent market momentum. In the last session, Foreign Institutional Investors (FIIs) were net buyers of 871.83 crore, while Domestic Institutional Investors (DIIs) were net buyers of 643.35 crore. Over the last five sessions, FIIs have been net buyers of 13,478 crore, while DIIs have been net sellers of 2,321 crore.
| Session | FII net | DII net |
|---|---|---|
| 3 Nov | +6,837 | −3,679 |
| 2 Nov | +3,115 | −392 |
| 30 Oct | +3,599 | −818 |
| 29 Oct | −944 | +1,924 |
| 28 Oct | +872 | +643 |
| Last 5 sessions | +13,478 | −2,321 |
Regarding individual stock performance, HDFC Bank Ltd. touched a 52-week low at 725.5, showing no change in today’s early trade.
| Stock | Price | Change % |
|---|---|---|
| HDFC Bank Ltd. | ₹725.5 | +0.00% |
What to Watch Today
Investors are monitoring several corporate actions and results today. Results are expected from 31 Nifty 500 companies, including Afcons Infrastructure Ltd., Apollo Tyres Ltd., Aptus Value Housing Finance India Ltd., Aurobindo Pharma Ltd., Balkrishna Industries Ltd., Balrampur Chini Mills Ltd., Biocon Ltd., and Cummins India Ltd. Additionally, the IPO for Vedant Poly Fabs Ltd. closes for bidding today with a price band of 88 to 94.
Several companies are trading ex-date today for corporate actions: Asian Paints Ltd. (dividend of 5.75), Coal India Ltd. (dividend of 10.25), Concord Biotech Ltd. (bonus 1:1), Godrej Consumer Products Ltd. (dividend of 5), and Privi Speciality Chemicals Ltd. (dividend of 5). Market participants should observe the price action in the next 30 minutes to see if the Nifty 50 can sustain its position at the 23,809 level.
On the calendar today, Wednesday, 4 November
| Company | Also considering a dividend |
|---|---|
| Afcons Infrastructure Ltd. | — |
| Apollo Tyres Ltd. | — |
| Aptus Value Housing Finance India Ltd. | Yes |
| Aurobindo Pharma Ltd. | Yes |
| Balkrishna Industries Ltd. | Yes |
| Balrampur Chini Mills Ltd. | Yes |
| Biocon Ltd. | — |
| Cummins India Ltd. | — |
| Dabur India Ltd. | Yes |
| Exide Industries Ltd. | — |
| Garden Reach Shipbuilders & Engineers Ltd. | — |
| Housing & Urban Development Corporation Ltd. | Yes |
| Company | What happens |
|---|---|
| Vedant Poly Fabs Ltd.
Price band ₹88 to ₹94
|
Last day to bid |
| Company | Event | Detail |
|---|---|---|
| Asian Paints Ltd. | dividend | ₹5.75 per share |
| Coal India Ltd. | dividend | ₹10.25 per share |
| Concord Biotech Ltd. | bonus | 1:1 |
| Godrej Consumer Products Ltd. | dividend | ₹5 per share |
| Privi Speciality Chemicals Ltd. | dividend | ₹5 per share |