The Nifty 50 index climbed to 23,649.75 on Tuesday, marking a gain of +0.89%. This positive momentum was mirrored by the Nifty Bank, which added +473 points to close at 55,475.20. Market sentiment remained optimistic as the index maintained its position at the 20-session high.
The 60-Second Version
- Nifty 50 closed at 23,649.75, up +0.89%.
- Asian Paints led the gainers, rising +3.95%.
- Infosys emerged as the top loser, falling −1.79%.
- The Nifty FMCG sector was the day’s best performer with a +2.22% gain.
- India VIX rose +2.05% to 15.82, signaling increased volatility.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 55,475.20 | +473.00 | +0.86% |
| Nifty 50 | 23,649.75 | +208.95 | +0.89% |
Who Carried The Rally?
Consumer-facing companies dominated the top gainers list today. Asian Paints Ltd. (ASIANPAINT) surged +3.95% to ₹2,437 following reports of a 7% rise in Q2 consolidated net profit. Similarly, Interglobe Aviation Ltd. (INDIGO) climbed +2.81% to ₹5,058.30, as its consolidated net loss narrowed for the quarter. Other notable performers included HDFC Bank Ltd. (HDFCBANK) at +2.87% and Nestle India Ltd. (NESTLEIND) at +2.61%.
| Stock | Price | Change % |
|---|---|---|
| Asian Paints Ltd. | ₹2,437 | +3.95% |
| HDFC Bank Ltd. | ₹720.1 | +2.87% |
| Interglobe Aviation Ltd. | ₹5,058.3 | +2.81% |
| Nestle India Ltd. | ₹1,226.2 | +2.61% |
| Tata Consumer Products Ltd. | ₹1,055.1 | +2.55% |
| BSE Ltd. | ₹3,577.9 | +2.52% |
| Hindustan Unilever Ltd. | ₹1,939.4 | +2.17% |
| ICICI Bank Ltd. | ₹1,413.7 | +1.90% |
| Hero MotoCorp Ltd. | ₹5,285 | +1.77% |
| Axis Bank Ltd. | ₹1,229.9 | +1.73% |
| Stock | Price | Change % |
|---|---|---|
| Infosys Ltd. | ₹1,140.2 | −1.79% |
| Oil & Natural Gas Corporation Ltd. | ₹230.8 | −1.72% |
| Power Grid Corporation Of India Ltd. | ₹264.15 | −1.33% |
| Reliance Industries Ltd. | ₹1,287.3 | −0.98% |
| NTPC Ltd. | ₹320.25 | −0.85% |
| Tata Steel Ltd. | ₹176.01 | −0.77% |
| Adani Enterprises Ltd. | ₹2,597.3 | −0.69% |
| Apollo Hospitals Enterprise Ltd. | ₹8,406 | −0.63% |
| Tata Consultancy Services Ltd. | ₹2,486.1 | −0.62% |
| Tech Mahindra Ltd. | ₹1,777.8 | −0.51% |
Where The Selling Pressure Mounted
The IT sector faced a difficult session, with Infosys Ltd. (INFY) leading the losses at −1.79% to ₹1,140.20. This was compounded by Tata Consultancy Services Ltd. (TCS) falling −0.62% and Tech Mahindra Ltd. (TECHM) slipping −0.51%. Oil and gas stocks also struggled, with ONGC (ONGC) declining −1.72% and Reliance Industries Ltd. (RELIANCE) dropping −0.98%.
| Sector index | Change % |
|---|---|
| Nifty FMCG | +2.22% |
| Nifty Realty | +2.05% |
| Nifty Chemicals Index | +1.49% |
| Nifty Financial Services | +1.42% |
| Nifty India Consumption | +1.32% |
| Nifty Metal | −0.30% |
| Nifty Energy | −0.33% |
| Nifty Healthcare Index | −0.37% |
| Nifty CPSE | −0.45% |
| Nifty Pharma | −0.59% |
Sector Performance Review
Sectoral indices showed a clear divergence. The Nifty FMCG index led the pack with a +2.22% gain, followed closely by Nifty Realty at +2.05%. Conversely, Nifty Pharma and Nifty CPSE were among the laggards, shedding −0.59% and −0.45% respectively.
Beyond The List
Market volume was notable in several stocks today. VRL Logistics Ltd. saw volume at 52.6x its 20-session average, gaining +7.89%. Trident Ltd. also saw extreme activity at 46.5x average volume, rising +9.28%. Meanwhile, KEC International Ltd. hit a 52-week low, falling −10.37%.
| Stock | Price | Change % |
|---|---|---|
| Welspun Living Ltd. | ₹249.22 | +2.84% |
| Eternal Ltd. | ₹348.9 | +1.42% |
| VRL Logistics Ltd. | ₹300.8 | +7.89% |
| Divi’s Laboratories Ltd. | ₹9,880.5 | −0.65% |
| Technocraft Ventures Ltd. | ₹512 | +14.43% |
| Stock | Price | Change % |
|---|---|---|
| KEC International Ltd. | ₹312.8 | −10.37% |
| Zee Entertainment Enterprises Ltd. | ₹61.51 | −0.11% |
| Escorts Kubota Ltd. | ₹2,417.4 | −0.24% |
| Stock | Volume vs average | Change % |
|---|---|---|
| VRL Logistics Ltd. | 52.6x | +7.89% |
| Trident Ltd. | 46.5x | +9.28% |
| Kitex Garments Ltd. | 22.3x | +15.76% |
| KRBL Ltd. | 21.2x | +11.61% |
| Fusion Finance Ltd. | 15.3x | +12.77% |
On The Calendar
Investors are monitoring several key events. Today marks the ex-dividend date for Infosys Ltd., Gravita India Ltd., Mazagon Dock Shipbuilders Ltd., and RR Kabel Ltd. Additionally, several IPOs are closing for bidding, including Johnsoncab Electricals Ltd., Vectras Enprocon Ltd., Maxwell Engineering Solutions Ltd., and HGS (India) Ltd.
| Stock | Side | Price | Change % |
|---|---|---|---|
| KRN Heat Exchanger And Refrigeration Ltd. | Lower | ₹1,035.5 | −4.99% |
| ESDS Software Solution Ltd. | Upper | ₹1,187.6 | +5.00% |
| Spectrum Electrical Industries Ltd. | Upper | ₹4,181.3 | +5.00% |
| Birla Cable Ltd. | Upper | ₹316.1 | +5.00% |
| Supreme Infrastructure India Ltd. | Upper | ₹66.7 | +9.99% |
| Rhetan TMT Ltd. | Upper | ₹14.08 | +5.00% |
The market breadth remains tilted toward gains, reflecting a broad-based recovery as the Nifty 50 continues its three-session winning streak.
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +3.02% |
| Last 20 sessions | +4.54% |
| 20-session high | 23,440.80 |
| 20-session low | 22,231.80 |
| Below the 20-session high | At the high |
| Current run | 3 sessions up in a row |
On the calendar today, Tuesday, 3 November
| Company | Also considering a dividend |
|---|---|
| AIA Engineering Ltd. | — |
| Authum Investment & Infrastructure Ltd. | — |
| Anthem Biosciences Ltd. | — |
| Asahi India Glass Ltd. | — |
| Bajaj Finserv Ltd. | — |
| Bajaj Holdings & Investment Ltd. | — |
| Bata India Ltd. | — |
| BLS International Services Ltd. | — |
| Chambal Fertilisers and Chemicals Ltd. | Yes |
| Clean Max Enviro Energy Solutions Ltd. | — |
| Emcure Pharmaceuticals Ltd. | — |
| Endurance Technologies Ltd. | — |
| Company | What happens |
|---|---|
| Johnsoncab Electricals Ltd.
Price band ₹190 to ₹200
|
Last day to bid |
| Vectras Enprocon Ltd.
Price band ₹99 to ₹105
|
Last day to bid |
| Maxwell Engineering Solutions Ltd.
Price band ₹150 to ₹158
|
Last day to bid |
| HGS (India) Ltd.
Price band ₹114 to ₹120
|
Last day to bid |
| BLS Polymers Ltd.
Price band ₹142 to ₹150
|
Lists on the exchanges |
| SFC Environmental Technologies Ltd.
Price band ₹313 to ₹330
|
Lists on the exchanges |
| Wiscon Industries Ltd.
Price band ₹194 to ₹204
|
Lists on the exchanges |
| Company | Event | Detail |
|---|---|---|
| Gravita India Ltd. | dividend | ₹7.7 per share |
| Infosys Ltd. | dividend | ₹26 per share |
| Mazagon Dock Shipbuilders Ltd. | dividend | ₹5 per share |
| RR Kabel Ltd. | dividend | ₹6.5 per share |