The Nifty 50 and Sensex each gained over 1.5% on 3 November 2026, driven by foreign inflows despite selective profit booking in public sector lenders. Capitalizing on the market upswing, analyst Raja Venkatraman advised purchasing Saregama, ICICI Bank, and Berger Paints for 4 November trading. Saregama and Berger Paints feature two-month upside targets backed by acquisition and stake sale news, respectively. ICICI Bank is favored following a sharp V-shaped price recovery driven by strong trading volumes.
Key points
Strong corporate earnings, foreign inflows, and softening U.S. yields drove a four-day wi…: Strong corporate earnings, foreign inflows, and softening U.S. yields drove a four-day winning streak in domestic equities.
ICICI Bank presents upside momentum with a suggested buy above ₹1430 targeting ₹1570 and…: ICICI Bank presents upside momentum with a suggested buy above ₹1430 targeting ₹1570 and a stop loss at ₹1360.
Key resistance levels across the broader market are expected to dictate the trajectory of…: Key resistance levels across the broader market are expected to dictate the trajectory of future trading sessions.
Sources checked by our analysis pipeline: 1
The week began on a strong note, with the market displaying renewed strength and signaling the potential for further upside. However, the key resistance levels highlighted earlier remain critical, as they are likely to determine the market's next directional move.
On 3 November 2026, Indian equity markets extended their rally for the fourth consecutive session, supported by strong corporate earnings, renewed foreign investor interest, and easing global macro concerns. The Nifty 50 surged 370.05 points or 1.58% to close at 23,810.85, while the Sensex advanced 1,225.07 points or 1.62% to settle at 76,917.85, marking one of the strongest single-day gains in recent weeks.
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
- Why it’s recommended:Saregama India Ltd. (formerly known as The Gramophone Company of India Ltd.) is India's oldest music record label and a leading entertainment Intellectual Property (IP) company. Post a volatile phase from Augu 2026 the stock is now witnessing a revival from deep oversold levels. With a positive newsflow about its acquisition we can…
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Investors are maintaining a cautious stance while closely monitoring political developments surrounding the impending midterm vote. Meanwhile, corporate quarterly reports are driving specific equity movements, highlighted by significant buying momentum in the semiconductor space. This combination of political anticipation and corporate disclosures is actively setting the tone for broader trading sentiment.
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