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Trendlyne Marketwatch
03 Nov 2026, 03:55PM
Market closes higher on continued foreign fund inflows
By Trendlyne Analysis

 

Nifty 50 closed at 23,810.85 (370.1, 1.6%), BSE Sensex closed at 76,917.85 (1,225.1, 1.6%) while the broader Nifty 500 closed at 22,520.35 (279.0, 1.3%). Market breadth is in the green. Of the 2,865 stocks traded today, 1,564 were gainers and 1,244 were losers.

Indian indices closed higher for the fourth consecutive session, supported by continued buying from foreign investors. The Indian volatility index, Nifty VIX, rose 1.4% and closed at 15.7 points. BLS Polymers' shares made their debut on the bourses at a 65.3% premium to the issue price of Rs 150. The Rs 255 crore IPO received bids for 241.2 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Capital Markets and Nifty FMCG are among the top index gainers today. According to Trendlyne’s sector dashboard, FMCG emerged as the best-performing sector of the day, with a rise of 3.4%.

Asian markets closed mixed. European markets traded lower, except for Russia’s RTSI and MOEX. US index futures traded mixed. Investors await today’s US midterm elections, which will determine control of Congress. The outcome could influence the course of the US-Iran conflict, as a change in congressional control may increase scrutiny of military action and war funding. Brent crude futures are trading higher after falling 6.1% on Monday.

  • Money flow index (MFI) indicates that stocks like Star Health & Allied Insurance Co, Clean Science Technology and Colgate-Palmolive (India) are in the oversold zone.

  • Diamond Power Infrastructure soars to its 5% upper circuit as its board of directors approves a Rs 170 crore capex to set up a polymer complex in Vadodara. The complex will manufacture polymer compounds for cables rated up to 400 kilovolt (kV).

  • Emcure Pharmaceuticals is rising sharply as its Q2FY27 net profit climbs 33.7% YoY to Rs 325.6 crore, owing to cost management initiatives and higher productivity. Revenue jumps 24.2% to Rs 2,823.7 crore, led by improvements across the Europe, Canada, India and the rest of the world (RoW) markets. It features in a screener of stocks where mutual funds have increased their shareholding in the past quarter.

  • Solar Industries is rising sharply as its Q2FY27 net profit surges 78.9% YoY to Rs 617 crore, driven by a higher share of the more profitable defence segment. Revenue soars 67.4% to Rs 3,534.3 crore, driven by global demand for explosives from the mining & infrastructure industries and faster execution of defence orders. It appears in a screener of stocks with high momentum scores.

  • VRL Logistics soars to its 52-week high of Rs 319.2 as its Q2FY27 net profit surges 106.4% YoY to Rs 103 crore, thanks to lower finance & depreciation costs and higher realisations. Revenue jumps 20.7% to Rs 961.9 crore, supported by an improvement in freight volumes and branch expansion. It features in a screener of strong-performing and under-the-radar stocks.

  • Bondada Engineering is rising as it signs a memorandum of understanding (MoU) with the Goa Investment Promotion and Facilitation Board (Goa-IPB) for a proposed investment of around Rs 3,000 crore. The company plans to set up solar energy and biogas projects in Goa, which are expected to create over 700 jobs.

  • Granules India Chairman and MD Krishna Prasad Chigurupati expects North America to maintain steady growth, with around five product launches planned over the next two quarters. While pricing pressure continues in some legacy products, he sees growth opportunities in controlled substances, complex generics and first-to-file products. The company is also exploring expansion opportunities in markets such as Brazil and Mexico.

  • IDBI Capital retains a 'Buy' call on Acutaas Chemicals with a higher target price of Rs 4,851 per share. This indicates a potential upside of 26.7%. The brokerage believes that a ramp-up of its contract development & manufacturing organisation (CDMO) & specialty chemicals verticals and new launches will drive revenue growth visibility. It expects the firm to deliver a revenue CAGR of 43.7% over FY27-28.

  • Arkade Developers acquires 100% of Woollen and Textile Industries for Rs 148 crore, adding a 3.5-acre land parcel in Bhandup West to its portfolio. The company plans a premium greenfield residential project on the site with an estimated GDV of Rs 1,800 crore and around 4.8 lakh sq ft of saleable carpet area. The project is expected to be launched in Q2FY28.

  • LCC Projects is rising as it secures an order worth Rs 703 crore from Gujarat Water Supply and Sewerage Board (GWSSB) for a water supply project across Bharuch and Vadodara districts. The project will be completed within 18 months and includes 10 years of operations and maintenance.

  • Jewellery stocks, including Thangamayil Jewellery and Kalyan Jewellers, rise as the sector enters the crucial festive and wedding season. Investors are tracking consumer demand, store footfalls and jewellery purchases ahead of Dhanteras and Diwali. Meanwhile, gold prices are correcting from recent highs, providing some relief to buyers.

  • Lupin rises as it receives US FDA approval for its abbreviated new drug application (ANDA) for Amifampridine tablets. The drug is bioequivalent to the reference listed drug (RLD), Firdapse tablets, of Catalyst Pharmaceuticals and is used to treat autoimmune muscle weakness in adults. It has an estimated global market size of $175 million in 2026.

  • KRBL soars over 11% as its Q2FY27 net profit surges 50.4% YoY to Rs 258.9 crore, thanks to lower raw materials and finance costs. Revenue climbs 14.3% to Rs 1,727.4 crore, owing to strong traction in the agri and energy businesses. It features in a screener of newly affordable stocks with good financials and durability.

  • Neogen Chemicals is rising sharply as it raises its FY27 revenue outlook by 10% to over Rs 1,100 crore, driven by a cyclically stronger H2 and capacity expansion at Dahej facility.

  • American economist and foreign policy expert Jeffrey D. Sachs believes India could emerge as the world's largest economy by the end of the century, citing its potential to have twice China's population. He views this rise against the backdrop of a multipolar world, with economic influence shifting towards Asia, and stresses the importance of India-China cooperation over rivalry in shaping global development.

  • SFC Environmental Technologies' shares debut on the bourses at a 7.6% premium to the issue price of Rs 330. The Rs 667.5 crore IPO received bids for 9.5 times the total shares on offer.

  • BLS Polymers' shares debut on the bourses at a 65.3% premium to the issue price of Rs 150. The Rs 255 crore IPO received bids for 241.2 times the total shares on offer.

  • KEC International is falling sharply as its Q2FY27 net profit plunges 81.5% YoY to Rs 29.7 crore due to higher inventory, subcontracting, staff, finance and depreciation & amortisation expenses. Revenue declines 10.2% to Rs 5,467.7 crore, caused by slower execution amid global supply chain disruptions. It shows up in a screener of stocks with growing costs for long term projects.

  • Motilal Oswal expects SBI to post a 50.5% YoY rise in Q2 net profit to Rs 25,250 crore, driven by strong business growth and gains from stake sales in SBI Mutual Fund and NSE. The brokerage estimates an 11.3% increase in Net Interest Income (NII) to Rs 47,847 crore, while projecting advances and deposit growth of 18.9% and 12.1%, respectively.

  • Belrise Industries signs an agreement with Japan's Yamato Co to procure licenses and technical assistance to manufacture and sell air filters, oil filters and resin air intake manifold products. The products will be used for Indian automotive and industrial original equipment manufacturers (OEMs).

  • Man Infraconstruction is rising as it secures two engineering, procurement & construction (EPC) orders worth Rs 583 crore to build a residential tower and for reclamation work at Jawaharlal Nehru Port Authority (JNPA) in Mumbai. These orders take the company's total EPC order book to Rs 858 crore.

  • Marico is rising sharply as its Q2FY27 net profit jumps 31% YoY to Rs 550 crore, driven by lower coconut prices, inventory costs and product premiumisation. Revenue grows 11.9% to Rs 3,897 crore, fueled by higher sales in the domestic and international markets. It features in a screener of stocks near their 52-week highs.

  • Crude-sensitive stocks, including IndiGo and HPCL, advance as oil prices ease from their recent highs, despite a marginal uptick in today's session. Brent crude, the global benchmark, edged higher but continued to trade below $105 per barrel, while WTI crude rose 0.2% to $96.6 per barrel.

  • Sri Lotus Developers falls as its promoter, Anand Kamalnayan Pandit, approves selling a 4.9% stake (or 2.4 crore shares) worth Rs 571.1 crore through an offer for sale (OFS) at a floor price of Rs 240 per share.

  • Trident soars almost 9% as its board of directors approves a Rs 4,650 crore capex to expand yarn, sheeting & paper manufacturing capacity and to set up a 60 MW renewable energy (RE) project. Separately, Q2FY27 net profit surges 93.1% YoY to Rs 175.6 crore, supported by inventory sales and higher profitability in the yarn business. However, revenue drops 3.8% to Rs 1,719.5 crore due to weaker demand in the home-textile division.

  • Garden Reach Shipbuilders & Engineers is rising after signing a Rs 32,000 crore contract with the Indian Navy to construct and deliver five Next Generation Corvettes. The project is to be completed within nine years and four months. The vessels will be equipped with advanced missiles, weapons and sensor systems for air, surface and sub-surface missions.

  • Amara Raja Energy & Mobility's board of directors approves a Rs 2,320 crore capex to double pack capacity to 9 gigawatt-hour (GWh) and set up a new cell manufacturing plant in Telangana. However, the stock is falling as Q2FY27 net profit plunges 44.9% YoY to Rs 152.5 crore due to higher raw materials, staff and finance costs. Revenue jumps 18.5% to Rs 4,108.7 crore, helped by higher demand for batteries and energy storage.

  • Nifty 50 was trading at 23,572.85 (132.1, 0.6%), BSE Sensex was trading at 76,288.65 (595.9, 0.8%), while the broader Nifty 500 was trading at 22,351.25 (109.9, 0.5%).

  • Market breadth is highly positive. Of the 2,258 stocks traded today, 1,602 were on the uptick, and 580 were down.

Riding High:

Largecap and midcap gainers today include Marico Ltd. (878.40, 10%), Britannia Industries Ltd. (4,930, 6.4%) and Lodha Developers Ltd. (1,060.80, 5.8%).

Downers:

Largecap and midcap losers today include Biocon Ltd. (343, -3.3%), Siemens Energy India Ltd. (2,846.60, -3.2%) and Power Grid Corporation of India Ltd. (259.55, -3.0%).

Volume Rockets

33 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Marico Ltd. (878.40, 10%), Balrampur Chini Mills Ltd. (654.80, 9.2%) and Multi Commodity Exchange of India Ltd. (3,490.10, 7.4%).

Top high volume losers on BSE were KEC International Ltd. (316.35, -9.4%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (465.05, -9.0%) and AIA Engineering Ltd. (3,389.70, -6.0%).

Trident Ltd. (23.79, 7.1%) was trading at 67.6 times of weekly average. Zydus Wellness Ltd. (493.35, 2.1%) and Asahi India Glass Ltd. (991.45, 5.4%) were trading with volumes 43.3 and 24.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks took off, crossing 52 week highs, while 6 stocks hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (49,645, 3.2%), Divi's Laboratories Ltd. (10,064, 1.2%) and Indian Hotels Company Ltd. (836.05, 1.7%).

Stocks making new 52 weeks lows included - JSW Dulux Ltd. (260.25, -0.4%) and Escorts Kubota Ltd. (2,439.70, 0.7%).

40 stocks climbed above their 200 day SMA including Marico Ltd. (878.40, 10%) and Trident Ltd. (23.79, 7.1%). 12 stocks slipped below their 200 SMA including Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (465.05, -9.0%) and GE Vernova T&D India Ltd. (4,050, -3.0%).

 
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