Major equity gauges enter Tuesday on the heels of the Sensex gaining over 1,230 points to reach its best closing level in more than seven weeks. Market sentiment is heavily shaped by corporate earnings, with entities like State Bank of India and Bajaj Finserv scheduled to declare their quarterly figures. In contrast, previously released reports showed divergence, highlighted by ITC's 18.5% net profit decline and Marico's 31% profit expansion. Furthermore, labor actions at IDBI Bank and operational clarifications from Sun Pharma remain under close scrutiny.
Key points
State Bank of India, Bajaj Finserv, and the National Stock Exchange of India headline the…: State Bank of India, Bajaj Finserv, and the National Stock Exchange of India headline the incoming corporate earnings roster.
Benchmark indices are seeking to extend momentum after the Sensex closed at 75,692.78 and…: Benchmark indices are seeking to extend momentum after the Sensex closed at 75,692.78 and the Nifty 50 finished at 23,440.80.
Individual stock reactions will diverge based on corporate actions like NALCO's interim d…: Individual stock reactions will diverge based on corporate actions like NALCO's interim dividend and Lloyds Engineering Works' planned investment.
Sources checked by our analysis pipeline: 1
Top stocks to watch today: The Indian stock market is likely to open on a positive note for the second consecutive session on Monday, November 2, with GIFT Nifty indicating a gap-up start. The positive sentiment comes after strong gains in the benchmark indices during the previous trading session. GIFT Nifty was trading near 23,553, up around 150 points or 0.65% from the previous close of Nifty futures, signalling a firm opening for domestic equity benchmarks.
In the previous session, benchmark indices Sensex and Nifty extended their winning streak to three consecutive sessions, with the Sensex climbing over 1,200 points to its highest closing level in more than seven weeks. The 30-share BSE Sensex advanced 1,233.25 points, or 1.66%, to close at 75,692.78, its strongest closing level since September 7. Similarly, the NSE Nifty 50 jumped 387.70 points, or 1.68%, to settle at 23,440.80, marking its highest close in over five weeks.
Meanwhile, several stocks are likely to reman in focus on Tuesday amid company-specific announcements and corporate developments. Updates related to fresh order wins, business performance, expansion plans and…
Foreign portfolio investors injected 31.15 billion rupees into the market, driving benchmark indices to multi-week highs following a 1.7% surge in the prior session. Broader momentum is supported by Brent crude steadying near $105 a barrel after a sharp drop linked to diplomatic talks between Iran and Qatari mediators. However, elevated Middle East geopolitical risks and potential global technology weakness continue to pose volatility risks for domestic equities.
An artificial intelligence-selected pharmaceutical stock has risen 23.96% following positive financial updates. The surge comes after the company surpassed its earnings expectations and subsequently increased its forward-looking guidance.
The platform's scheduled restoration restores outgoing transfer capabilities across nine different blockchain ecosystems starting Tuesday at 04:00 GMT. Traders and token holders will regain transfer access across major native chains as well as prominent layer-2 scaling solutions. This coordinated rollout ensures broader operational functionality for customers managing diverse digital asset portfolios.