Daily Market Update - 04th November 2026 by Ventura Securities Ltd
Market Outlook: Indian markets extended their winning streak on 3 November, with the Nifty 50 rising 1.58% to 23,810.85 and the Sensex gaining 1.62% to 76,917.85. Market breadth remained positive, with NSE reporting 2,127 advances against 1,477 declines and BSE reporting 2,459 advances against 1,928 declines. Nifty is now approaching its 200-day EMA near 23,900, with 24,000–24,200 emerging as the next upside zone, while immediate support is placed at 23,500–23,600. Gift Nifty was at 23,711, indicating a mildly negative opening, while overnight US markets remained mixed with the S&P 500 and Nasdaq 100 gaining 0.37% and 0.68%, respectively, while Dow Jones declined 0.38%.
FII & DII Activity: Institutional flows remained strongly supportive, with FIIs/FPI recording net buying of rs 6,836.8 crore on 3 November, their highest single-day buying since October 2025, while DIIs were net sellers of Rs 3,678.9 crore. FII buying has reached Rs 9,951.5 crore over the first two sessions of November, indicating a meaningful improvement in foreign investor participation following the recent correction. Continued FII inflows, alongside easing crude prices and improving earnings expectations, remain key supports for the ongoing market recovery.
Sector Activity: Sectoral performance was broadly positive, led by Nifty FMCG, which gained 3.65%, driven by Marico, Britannia, Nestle India and Tata Consumer. Nifty Realty rose 2.33%, while Private Banks and Financial Services gained 1.98% and 1.84%, respectively, led by HDFC Bank, ICICI Bank, BSE and Shriram Finance. Consumer and Auto indices also remained positive. PSU Banks were the key laggard, declining 1.26%, while Metals fell marginally by 0.13%, dragged by National Aluminium, Lloyds Metals and Hindustan Copper.
F&O Activity: Long build-up was witnessed in MCX, Coromandel International, Data Patterns, Paytm and Bosch, indicating fresh buying interest. Short build-up was seen in Karur Vysya Bank, National Aluminium, Biocon, Enrin and City Union Bank. Long unwinding emerged in GVT&D, Punjab National Bank, Mphasis, Dixon Technologies and Bank of Baroda, while short covering was visible in Marico, Angel One, Britannia, CDSL and Lodha.
Top 5 News:
NSE: NSE reported Q2FY27 net profit of Rs 2,578 crore, up 23% YoY, while revenue increased 11% to Rs 4,067 crore. EBITDA rose 107% to Rs 3,079 crore, with the EBITDA margin expanding to 76%, highlighting strong operating leverage.
MCX: MCX reported Q2FY27 revenue of Rs 800 crore, up 14% YoY, while EBITDA increased 24% to Rs 612 crore. EBITDA margin expanded 600 bps to 76.4%, reflecting strong operating leverage, while PAT stood at rs 454.6 crore.
SBI: SBI reported Q2FY27 standalone PAT of Rs 23,038 crore, up 14% YoY, with NII rising 14.7% to Rs 49,143 crore. Advances grew 18.2% to Rs 51.54 lakh crore, while GNPA improved to 1.39% from 1.47% and NNPA to 0.36% from 0.38%.
Solar Industries: Solar Industries reported Q2FY27 revenue growth of 69% YoY to Rs 3,519 crore and PAT growth of 79% to Rs 650 crore. EBITDA stood at Rs 1,021 crore with a 29.02% margin, while the order book reached rs 20,178 crore at September-end.
Lloyds Metals & Energy: Lloyds Metals reported Q2FY27 revenue of Rs 5,673 crore, up 55% YoY, while PAT increased 88% to Rs 1,046 crore. EBITDA margin improved to 31.8% from 28.2%, indicating stronger operating profitability.
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