Indian equity benchmarks extended their gains for a fourth consecutive session on Tuesday, 3 November 2026, as the Nifty 50 rose 1.58% to 23,810.85 and the BSE Sensex gained 1.62% to close at 76,917.85, Reuters reported.
The advance took both indexes to their highest levels in about two months. They had gained roughly 5% over the four-session run, outperforming several subdued Asian markets.
01. Banking and financial shares lead gains
Thirteen of the 16 major sectoral indexes advanced, according to Reuters. Financial stocks and private banks were among the leading sectors. HDFC Bank rose 3.6% and ICICI Bank gained 2.7%. Marico climbed 10% after reporting quarterly profit above market estimates.
02. What supported the market?
Sentiment was supported by stronger corporate earnings, easing crude oil prices in the previous session and signs of renewed foreign portfolio investor buying. Reuters reported that foreign investors were net buyers in four of the previous five sessions.
HSBC analysts raised their forecast for Indian bank loan growth in fiscal 2027 to 18%, from 14%, citing a stronger earnings outlook and valuations they considered attractive.
03. Crude oil and global events remain in focus
Brent crude rebounded about 1% to around $106 a barrel after falling sharply in the previous session. Oil prices matter to India because the country imports much of its crude requirement. Geopolitical developments and the US midterm elections were also among the factors markets were watching.
04. Market snapshot — 3 November 2026
- Nifty 50: 23,810.85, up 1.58%.
- Sensex: 76,917.85, up 1.62%.
- Trend: Fourth consecutive session of gains.
- Key drivers cited: Corporate earnings, softer crude in the previous session and foreign investor buying.
Market levels can change quickly. This report is for information and is not investment advice.
05. Source
- Reuters — Indian shares extend rally as earnings and foreign buying support sentiment, 3 November 2026.
06. Related business coverage
For more on India’s economic outlook, read our report on October GST collections rising to ₹2.31 lakh crore. Explore more updates in the Business section.
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