Stock Market 3 November: PSU Banks Lift Nifty, Sensex Ends Strong

Introduction — Stock Market 3 November

The Indian equity markets began the first full week of November 2025 on a cautiously optimistic note after a volatile close to October. The final week of October, as discussed in our Weekly Market Update – October 5th Week: Gainers & Losers, ended with a flat-to-negative bias, reflecting investor hesitation amid mixed global signals and persistent FII outflows.

However, as the calendar turned to November, the Stock Market 3 November session brought a hint of resilience — PSU banks, small-caps, and select mid-tier financials staged a notable comeback. The tone was less euphoric, more strategic: investors showed a clear preference for earnings visibility and value rotation rather than speculative buying.

Indian Market Overview — Stock Market 3 November

According to data from NSE India and BSE India, benchmark indices ended the day higher after mid-session consolidation. The Nifty and Sensex added modest gains, while the broader market, particularly small-caps, outperformed.

Index	Closing	Change	% Change
NIFTY 50	25,768.25	+46.15	+0.18%
SENSEX	84,010.52	+71.81	+0.09%
Nifty Bank	58,120.95	+344.60	+0.60%
Nifty IT	35,660.65	-51.70	-0.14%
S&P BSE SmallCap	54,247.23	+371.09	+0.69%

The Stock Market Today thus reflected a rotational setup — banking and realty stocks led the up-move, while IT and select consumption counters lagged. Despite mild gains in indices, underlying market breadth improved significantly, with more than 1,700 stocks advancing on the NSE versus 1,200 declining.

🌐 For full market data, visit Moneycontrol and Economic Times Markets.

Top Gainers — Stocks That Surged on Stock Market 3 November

Five stocks stood out today, each with strong catalysts behind the rise:

1. Vodafone Idea 📶
    +9.74% | ₹9.58
    A renewed wave of optimism followed reports of a strategic stake purchase by a global telecom partner. The counter witnessed heavy volumes and hit its highest level in months.
2. Wockhardt 💊
    +8.47% | ₹1,390.10
    Strong Q2 earnings, margin expansion, and bullish management commentary attracted buyers in this pharma major, marking a sharp turnaround after last month’s weakness.
3. Gravita India ⚙️
    +8.15% | ₹1,802.90
    The recycling and metal recovery firm impressed investors with improved operating margins and export growth. Momentum traders piled in on the “green metals” narrative.
4. Shriram Finance 🏦
    +6.18% | ₹795.15
    Posted robust Q2 results and announced an interim dividend. Market sentiment was further boosted by talk of promoter group stake realignment and fresh FII buying interest.
5. HFCL 🌐
    +6.09% | ₹77.99
    The telecom equipment maker continued its rally amid government 5G rollout updates and steady order inflows. High-volume buying indicated institutional participation.

Overall, gainers reflected earnings confidence, strategic corporate developments, and structural sector themes.

Top Losers — Stocks That Declined on Stock Market 3 November

Even as indices gained, a few stocks faced intense profit-booking and company-specific headwinds:

1. Netweb Technologies 💻
    −5.94% | ₹3,798
    After a stellar post-listing rally, the stock corrected on stretched valuations and selling pressure from early investors.
2. Zensar Technologies 🖥️
    −5.36% | ₹754.80
    Weak Q2 earnings and muted guidance led to sharp declines. High-volume trading hinted at institutional selling.
3. Reliance Power ⚡
    −5.23% | ₹43.99
    Negative sentiment surrounded group entities as reports surfaced that ED is investigating Anil Ambani’s assets. High turnover indicated nervous unwinding.
4. JK Cement 🧱
    −5.06% | ₹5,899.50
    Quarterly results missed margin expectations; analysts flagged weaker pricing trends across northern markets.
5. Reliance Infrastructure 🏗️
    −5.00% | ₹205.16
    Concerns over regulatory compliance and project delays weighed on the stock.

Gainers vs. Losers — Stock Market 3 November

Top Gainers	% Change	Top Losers	% Change
Vodafone Idea	+9.74%	Netweb Technologies	−5.94%
Wockhardt	+8.47%	Zensar Technologies	−5.36%
Gravita	+8.15%	Reliance Power	−5.23%
Shriram Finance	+6.18%	JK Cement	−5.06%
HFCL	+6.09%	Reliance Infra	−5.00%

This balanced performance shows selective optimism — not a broad rally but targeted accumulation.

Why the Market is Up Today — Stock Market 3 November

a) Mixed but Supportive Earnings Impact

Around 77 companies reported Q2 FY26 results today. The mix was uneven, yet overall tone positive. Strong results from PSU banks, Shriram Finance, and Apollo Hospitals helped offset weakness in auto and consumer names.
Maruti Suzuki, despite record October sales, fell as margins disappointed — a classic “sell-on-good-news” case.

b) PSU Banks: The Star of the Day

Public sector banks once again stole the spotlight.

• Bank of Baroda climbed to a new 52-week high on improved margins.
• Canara Bank rallied nearly 3% after delivering 19% YoY profit growth.
• Buzz around potential increase in FDI limit (from 20% to 49%) boosted optimism in the entire PSU banking pack.

Together, PSU banks were the single largest contributor to today’s index gains.

c) Profit Booking After October’s Rally

October 2025 saw the Sensex up 4.6% and Nifty up 2.8% — a strong monthly rally. With valuations stretched, short-term traders locked in partial profits, especially in IT, auto, and consumer durables.

d) Foreign vs. Domestic Flows

• FIIs remained net sellers on 31 Oct, pulling out ₹6,769 crore.
• DIIs were supportive, infusing ₹7,068 crore, which helped offset external pressure.

While FIIs continue to exercise caution, domestic liquidity remains a strong buffer for Indian equities. Data compiled from Moneycontrol confirms that FII sentiment is stabilizing, albeit gradually.

Sectoral Performance Snapshot

Sector	Movement	Key Drivers
PSU Banks	↑ 1.9%	Earnings + FDI buzz
Realty	↑ 2.1%	DLF, Lodha rally
Oil & Gas	↑ 1.7%	Reliance, ONGC support
Pharma	↑ 0.8%	Wockhardt, Sun Pharma
IT	↓ 0.2%	TCS, Infosys profit-booking
Auto	↓ 0.7%	Maruti, Tata Motors weakness
FMCG	↓ 0.6%	Weak demand trends

Global Cues — A Cautious Yet Supportive Environment

Overseas, markets painted a mixed picture:

• US indices ended modestly higher on Friday. The Nasdaq gained 0.6%, S&P 500 rose 0.26%.
• Asian markets traded mixed, with Kospi up 1.04%, while Australia’s ASX 200 fell 0.4%.
• Japan was closed for a public holiday.

Oil prices eased to $64.35/barrel, supporting India’s inflation and current-account outlook.
Investors tracked the US Federal Reserve’s policy outlook, with Chair Jerome Powell signaling a pause in further rate cuts — a message that stirred temporary caution but didn’t derail sentiment.

For global updates, visit Economic Times Markets or Moneycontrol Global Markets.

Technical View — Range-Bound But Stable

The Nifty 50 formed a small-bodied candle on daily charts, signaling indecision but no breakdown.
Analysts on NSE India identified key levels:

• Support: 25,600 → 25,525
• Resistance: 25,850 → 26,000–26,100

As long as the index defends 25,700 and sustains above 25,850, momentum could extend toward the 26,000 mark in the near term.

Market Outlook — Selective Optimism Likely to Continue

The Stock Market 3 November rally may not be dramatic, but it underlines a shift in investor psychology — from fear-driven selling to selective accumulation.
Key takeaways for traders and investors:
PSU Banks, Realty, and Metals could extend gains short term.
IT and Consumer names may underperform due to weak earnings.
Mid and Small-caps show renewed strength after weeks of volatility.

Broader sentiment remains neutral-to-positive, supported by domestic liquidity, lower crude oil, and stable macroeconomic data.

Upcoming catalysts to watch:

• RBI auction on Nov 4
• HSBC Composite & Services PMI on Nov 6
• Forex reserves data on Nov 7

For continuous daily updates, check our Day-End Market Summary section.

Conclusion — A Quiet but Constructive Start to November

In summary, Stock Market 3 November captured the essence of consolidation after an eventful October. Gains were modest but meaningful — led by PSU banks, small-caps, and value plays.
While global cues remain mixed and FIIs continue their cautious stance, strong domestic flows and resilient corporate earnings are keeping Indian equities on firm ground.

Investors should maintain a buy-on-dips approach for quality stocks while watching for potential profit-booking near key resistance levels.
As we move further into the earnings-heavy week, volatility will likely persist — but the undertone remains constructive.

Stay tuned with OneDemat.com for daily, weekly, and IPO-centric market updates — and keep tracking real-time data from trusted sources like NSE India, BSE India, and Moneycontrol.

References

• NSE India — for benchmark index data & FPI flows.
• BSE India — for corporate results and announcements.
• Moneycontrol — for real-time market coverage.
• Economic Times Markets — for expert commentary and sectoral analysis.

Read Daily Market Update here:

• Day-End Market Summary