Barring IT index all the sectoral indices on the NSE ended in green with media, metal and consumer durables shares emerged as top gainers.

As per provisional closing data, the S&P BSE Sensex rose 383.55 points or 0.50% to 77,301.40. The Nifty 50 index rose 149.75 points or 0.63% to 23,960.60. In the fifth consecutive trading session, Sensex and Nifty climbed 5.54% and 5.56%, respectively.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index gained 1.60% and the Nifty SmallCap 250 Index added 1.97%.

The market breadth was strong. On the NSE, 2,720 shares rose and 884 shares fell. A total of 100 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.24% to 15.21.

New Listing:

Shares of M.K.Sons Fine Jewels were at Rs 162.15 on the BSE, representing a premium of 0.09% as compared with the issue price of Rs 162.

The stock debuted at Rs 171.60 on the BSE, a premium of 5.93% over its issue price.

The stock has hit a high of Rs 174.90 and a low of Rs 162.10. On the BSE, over 15.55 lakh shares of the company were traded in the counter.

Economy:

India's HSBC Services PMI was revised lower to 55.8 in October 2026 from the flash estimate of 56.2 but remained above September's reading of 55.2, marking the fastest expansion since June. Growth was supported by stronger output and sales, which reached four-month highs. However, export growth and employment creation moderated. Input cost inflation eased to its lowest level in over six years, while output price inflation slowed to its weakest pace since June. Business confidence remained positive but weakened from the previous month.

India's HSBC Composite PMI eased to 56.2 in October 2026 from the flash estimate of 56.7 but remained above September's reading of 55.9, marking the fastest expansion in private-sector activity since June. Growth was driven by stronger services activity, which offset slower manufacturing output. New orders rose at the fastest pace since June, while employment growth and business confidence moderated. Input cost inflation eased to an 11-month low, while output price inflation slowed to its weakest pace since February 2022.

Buzzing Index:

The Nifty Media index jumped 5.15% to 1,710.65. The index jumped 5.67% in the two consecutive trading sessions.

Saregama India (up 14.91%), Zee Entertainment Enterprises (up 10.6%), Prime Focus (up 6.29%), Nazara Technologies (up 5.7%), D B Corp (up 4.1%), Network 18 Media & Investments (up 4.09%), PVR Inox (up 3.06%), Sun TV Network (up 2.46%), Tips Music (up 0.1%) surged.

Stocks in Spotlight:

National Stock Exchange of India (NSE) rose 0.31%. The company reported a 23% jump in consolidated net profit to Rs 2,578 crore in Q2 FY27 compared with Rs 2,098 crore in Q2 FY26. Revenue from operations increased 10.61% YoY to Rs 4,066.80 crore in Q2 FY27.

R Systems International surged 8.45% after the company reported a 53.1% year-on-year increase in adjusted net profit to Rs 66.45 crore in Q3 2026 from Rs 43.40 crore in Q3 2025. Sequentially, adjusted net profit increased 5.7% from Rs 62.87 crore in Q2 2026. Revenue from operations increased 24.3% year on year to Rs 615.20 crore in Q3 2026. Sequentially, revenue rose 2.2% from Rs 601.70 crore in Q2 2026.

Bata India declined 2.55% after the company’s consolidated net profit declined 71.69% to Rs 18.11 crore in Q2 FY27 compared with Rs 63.98 crore posted in Q1 FY27. Revenue from operations declined 11.97% YoY to Rs 861.78 crore in Q2 FY27. However, on a YoY basis, the company's consolidated net profit increased 30.78%, while revenue from operations rose 7.54% during the quarter.

Saregama India surged 15.15% after the company’s consolidated net profit jumped 47.62% to Rs 64.60 crore in Q2 FY27 compared with Rs 43.76 crore in Q2 FY26. Revenue from operations climbed 36.63% YoY to Rs 314.30 crore in Q2 FY27.

Global Markets:

European shares traded higher on Wednesday as investors assessed the outcome of the US midterm elections. Democrats won control of both chambers of Congress, raising concerns that tighter regulation of artificial intelligence could curb investment in the sector.

The Democrats secured victories in traditionally Republican strongholds, including South Carolina and Texas. The results marked a significant setback for President Donald Trump and his Republican Party. Investors were concerned that increased scrutiny of data centre construction could make technology companies more cautious about AI-related spending.

Asian equities ended mostly higher, recovering from most of their early losses. Technology stocks remained under pressure amid concerns over elevated valuations, heavy AI investment and uncertain returns. The election outcome also raised the prospect of political gridlock in Washington. This could complicate discussions on fiscal policy, government spending and other economic priorities during the remainder of Trump's term.

US equity futures recovered from steeper losses. Dow futures rose 580 points as investors assessed the potential impact of the election result on technology investment, corporate regulation and fiscal policy.

Wall Street ended mixed on Tuesday, 3 November 2026, as a rebound in major technology stocks lifted the S&P 500 and Nasdaq, while the Dow remained lower. The Dow Jones Industrial Average fell 197.26 points, or 0.38%, to 51,786.72. The S&P 500 rose 27.52 points, or 0.36%, to 7,568.92, while the Nasdaq Composite gained 207.65 points, or 0.83%, to 25,372.01. The broader market remained subdued, with more S&P 500 stocks declining than advancing.

Technology shares recovered after recent losses. Nvidia rose 2.29%, Microsoft gained 2.74% and Amazon advanced 2.06%. Broadcom added 3.07%, while Micron gained 2.6%. The Philadelphia Semiconductor Index climbed around 3%, helping the Nasdaq end a three-session losing streak.

Apple fell 1.90% after warning that higher memory-chip costs could put pressure on its December-quarter gross margin. The company reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year on year, against analyst expectations of $113.4 billion. Net income increased 12% to $30.71 billion, while earnings per share stood at $2.10, above the $1.99 estimate. However, its December-quarter gross margin forecast of 45% to 46% was below the 47.9% reported in the September quarter.

AMD shares were in focus in after-hours trading after the chipmaker reported record third-quarter revenue of $13.38 billion, up 45% year on year. GAAP net income increased 95% to $2.43 billion, while diluted earnings per share rose to $1.46 from $0.75. Non-GAAP earnings per share climbed 74% to $2.09. Data Centre revenue nearly doubled, rising 97% to $8.55 billion.

AMD forecast fourth-quarter revenue of approximately $17 billion, plus or minus 3%, with a non-GAAP gross margin of around 55%. The revenue outlook implies year-on-year growth of approximately 66% at the midpoint. The guidance is significant for semiconductor stocks as investors assess demand for AI processors and data-centre infrastructure.

Other notable movers included Shopify, which fell 8.74%, and DuPont, which surged more than 9% after reporting better-than-expected results and raising its outlook. Gartner and Thomson Reuters also declined following their earnings updates.

On the economic front, US job openings increased to 7.531 million in September from 7.147 million in August, according to the Bureau of Labor Statistics. The increase suggested stronger labour demand, although job openings alone do not establish the pace of actual hiring. The data will be watched for its implications for the Federal Reserve's assessment of labour-market conditions and interest rates.

Crude oil prices edged lower on Wednesday. Brent crude fell 0.97% to $102.60 a barrel. Investors continued to assess prospects for a US-Iran agreement to end the conflict. However, a senior Iranian official told the media that the two sides remained far from a deal. The market is also awaiting official US inventory data after the American Petroleum Institute reported an unexpected 5.27-million-barrel decline in crude stocks for the week ended 30 October.