The Nifty 50 closed marginally lower at 23,795.25 as IT sector weakness offset gains in Adani Group stocks and broad market momentum in realty sectors.
The index settled at 23,795.25, a marginal decline of −0.07%, as the market navigated a session defined by divergent sector performance. While the Nifty Bank managed to hold steady with a gain of +0.03%, the broader market sentiment remained cautious as the India VIX rose +1.08% to 15.89.
Nifty 50
23,795.25
−0.07% · −15.60 pts
Day range
23,696–23,946
Opened 23,742.25
India VIX
15.89
+1.08% on the day
Last 5 sessions
+4.66%
Nifty 50 change
The 60-Second Version
Adani Enterprises led the gainers with a +3.47% rise following news of a data centre hardware joint venture.
IT majors faced significant selling pressure, with TCS falling −2.48% and Infosys dropping −1.94%.
The Nifty Realty index outperformed the broader market, gaining +2.04%.
Bharat Electronics rose +3.00% after reporting a 20% rise in Q2 consolidated net profit.
Total market activity saw 16 stocks touch 52-week highs, while 8 stocks hit 52-week lows.
Index levels, 4 November 2026
Index
Close
Change
Change %
Nifty Bank
55,558.95
+18.90
+0.03%
Nifty 50
23,795.25
−15.60
−0.07%
Who Carried the Rally?
Adani Enterprises Ltd. stood out as the day’s top performer, climbing +3.47% to ₹2683.4, bolstered by its new joint venture with Jabil for data centre hardware. Its group entity, Adani Ports and Special Economic Zone Ltd., also saw strong demand, rising +2.09% to ₹1906. Bharat Electronics Ltd. followed closely with a +3.00% gain, supported by a strong Q2 profit report and a fresh order inflow of Rs 1,011 crore. ITC Ltd. also featured among the gainers, rising +2.32% despite news of a stake sale by GQG Partners.
The IT sector bore the brunt of the session’s selling, with Tata Consultancy Services Ltd. leading the decliners at −2.48%. Infosys Ltd. and HCL Technologies Ltd. also saw notable corrections, falling −1.94% and −1.69% respectively. Coal India Ltd. declined −2.35%, while Kotak Mahindra Bank Ltd. slipped −1.53%. These declines were broad-based, affecting companies across technology and energy sectors.
Sector indices, 4 November 2026: the five best and five worst of 18
Sector index
Change %
Nifty Realty
+2.04%
Nifty Chemicals Index
+1.22%
Nifty Energy
+1.05%
Nifty PSE
+0.90%
Nifty FMCG
+0.87%
Nifty PSU Bank
+0.16%
Nifty Infrastructure
+0.13%
Nifty India Consumption
+0.06%
Nifty Bank
+0.03%
Nifty IT
−1.81%
Beyond the List
Market breadth remained varied, with the Nifty Realty index leading gains at +2.04%, while the Nifty IT index was the clear laggard, shedding −1.81%. Among 52-week high performers, Welspun Living Ltd. rose +2.26%, while GNG Electronics Ltd. surged +8.57%. Conversely, Ion (India) Ltd. saw heavy volume and dropped −8.64%, marking a 52-week low. Awfis Space Solutions Ltd. experienced a massive volume spike, trading at 23.0x its 20-session average.
Touched a 52-week high (16 of 405 liquid stocks scanned)
Stock
Price
Change %
Welspun Living Ltd.
₹258.8
+2.26%
Adani Ports and Special Economic Zone Ltd.
₹1,906
+2.09%
GNG Electronics Ltd.
₹746.1
+8.57%
Marico Ltd.
₹889.6
+1.28%
Divi’s Laboratories Ltd.
₹10,039
−0.25%
Touched a 52-week low (8 of 405)
Stock
Price
Change %
KEC International Ltd.
₹305.8
−3.33%
Zee Entertainment Enterprises Ltd.
₹61.36
−0.50%
AIA Engineering Ltd.
₹3,225.6
−4.84%
Ion Exchange (India) Ltd.
₹309.35
−8.64%
REC Ltd.
₹286.85
+0.83%
Heavy volume against the 20-session average
Stock
vs average
Change %
Awfis Space Solutions Ltd.
23.0x
+4.89%
Sandur Manganese & Iron Ores Ltd.
19.3x
+8.96%
Gujarat Mineral Development Corporation Ltd.
12.7x
+9.81%
Ion Exchange (India) Ltd.
9.3x
−8.64%
Fractal Analytics Ltd.
9.1x
+11.65%
On the Calendar
Investors are tracking several corporate actions today. Asian Paints Ltd., Coal India Ltd., Godrej Consumer Products Ltd., and Privi Speciality Chemicals Ltd. are trading ex-dividend, while Concord Biotech Ltd. is trading ex-bonus. Additionally, 31 Nifty 500 companies are scheduled to report results, including Aurobindo Pharma Ltd., Biocon Ltd., and Cummins India Ltd. In the primary market, Vedant Poly Fabs Ltd. closes its bidding process today, while Carver Roboweld Ltd., MK Sons Fine Jewels Ltd., and Ajwa Projects Ltd. are set to list.
On the calendar today, Wednesday, 4 November
Results due on Wednesday, 4 November (12 of 31 shown)
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
IPOs on the calendar
Company
What happens
Vedant Poly Fabs Ltd.
Price band ₹88 to ₹94
Last day to bid
Carver Roboweld Ltd.
Price band ₹76 to ₹80
Lists on the exchanges
MK Sons Fine Jewels Ltd.
Price band ₹153 to ₹162
Lists on the exchanges
Ajwa Projects Ltd.
Lists on the exchanges
Trading ex-date
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
The divergence between the strong performance of realty and energy stocks against the sharp decline in IT highlights a market searching for direction amidst mixed corporate earnings reports.
