SGX Nifty November 2026 futures experienced an increase of 468.50 points, indicating a robust opening for the Nifty 50.
Institutional Flows:
Foreign portfolio investors acquired shares valued at Rs 6,836.81 crore, whereas domestic institutional investors recorded net sales amounting to Rs 3,678.85 crore in the Indian equity market on 3 November 2026, as per provisional data. FPIs bought shares worth Rs 7590.11 crore in November through 3 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.
Global Markets:
Dow futures fell 373 points, signalling a negative opening for US stocks. Asian equities came under pressure on Wednesday, 4 November 2026, as technology stocks extended losses amid concerns over foreign fund outflows and the returns from artificial intelligence investments. South Korea’s Kospi and Taiwan’s Taiex were among the worst performers. Investors are closely watching the US midterm election results as vote counting gets underway. The outcome will determine control of Congress and could shape President Donald Trump’s policy agenda for the remainder of his term. The weakness in South Korea and Taiwan followed heavy selling in technology shares. The broader semiconductor sector remains sensitive to investor reassessments of spending on AI infrastructure. On Tuesday, 3 November 2026, Wall Street exhibited a mixed performance, with a rebound in significant technology stocks propelling the S&P 500 and Nasdaq upward, whereas the Dow continued to decline. 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 experienced an increase of 3.07%, whereas Micron saw a rise of 2.6%. The Philadelphia Semiconductor Index experienced an increase of approximately 3%, contributing to the Nasdaq’s conclusion of a three-session decline. 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 garnered attention in after-hours trading following the chipmaker’s announcement of record third-quarter revenue amounting to $13.38 billion, reflecting a 45% increase compared to the previous 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 Center revenue experienced a significant increase, surging 97% to reach $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 suggests a year-on-year growth of roughly 66% at the midpoint. The guidance holds considerable importance for semiconductor stocks as investors evaluate the demand for AI processors and data-center infrastructure. Other notable movers included Shopify, which declined by 8.74%, and DuPont, which experienced an increase of over 9% following the announcement of better-than-expected results and an upward revision of its outlook. Gartner and Thomson Reuters experienced a decline subsequent to 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 Labour Statistics. The increase indicated a more robust demand for labour; however, job openings by themselves do not determine the rate of actual hiring. The data will be scrutinised for its implications regarding the Federal Reserve’s evaluation of labour market conditions and interest rates. Crude oil prices experienced a slight decline during early trading in Asia on Wednesday. Brent crude experienced a decline of 0.25%, settling at $103.34 per barrel. Investors remained engaged in evaluating the potential for a US-Iran agreement aimed at resolving the ongoing conflict. However, a senior Iranian official indicated to the media that the two parties are still significantly distant from reaching an agreement. The market is currently anticipating the release of official US inventory data following the American Petroleum Institute’s report of an unexpected 5.27-million-barrel decrease in crude stocks for the week ending 30 October.
Domestic Market:
The key equity indices ended sharply higher on Tuesday, extending their winning streak to a fourth consecutive session. Easing crude oil prices and continued foreign institutional investor buying supported sentiment. Expectations surrounding a review of long-term capital gains tax have also enhanced investor confidence. Finance Minister Nirmala Sitharaman indicated that the government would entertain proposals to reassess capital gains taxes imposed on foreign investors. A stronger rupee and value buying in large-cap stocks further supported the rally. Weakness in global AI-linked stocks also supported Indian equities.
However, investors maintained a cautious stance regarding geopolitical developments involving Iran. The Nifty concluded the trading session above the 23,800 threshold. Shares in the FMCG, real estate, and private banking sectors experienced heightened demand. Conversely, PSU banks and metal shares experienced a decline. The S&P BSE Sensex increased by 1,225.07 points, representing a rise of 1.62%, reaching a level of 76,917.85. Concurrently, the Nifty 50 experienced an uptick of 370.05 points, equivalent to 1.58%, settling at 23,810.85. In four consecutive sessions, the Sensex experienced an increase of 5.01%, whereas the Nifty 50 recorded a gain of 4.47%.
