Indian stock market started November on a subdued note, with benchmark indices closing Monday’s session slightly higher amid the absence of fresh domestic or global cues. Investors continued to focus on stock-specific movements as companies reported their Q2 FY26 earnings.
The Nifty 50 ended 0.16% higher at 25,763, while the S&P BSE Sensex inched up 0.05% to 83,976. Broader markets outperformed, with the Nifty Midcap 100 rising 0.77% and the Nifty Smallcap 100 gaining 0.72%, showing continued bullish sentiment in mid and small caps.
Among sectors, PSU banks stole the spotlight. The Nifty PSU Bank Index surged nearly 2% to a record high of 8,373, supported by strong Q2 earnings and improving asset quality.
While most major indices traded range-bound, IT stocks saw mild pressure amid reduced expectations of a U.S. Federal Reserve rate cut.
Top Gainers
- Wockhardt Ltd jumped 10% to ₹1,413 after reporting a net profit of ₹78 crore in Q2 FY26, compared with a ₹22 crore loss in the same period last year.
- Vodafone Idea rallied 9.3% to ₹9.54 following a Supreme Court observation allowing the government to reconsider the telecom company’s Adjusted Gross Revenue (AGR) dues, estimated at around ₹80,000 crore.
- Gravita India advanced 8.4% to ₹1,806, driven by improved operational performance and higher lead segment contribution, which lifted its Q2 consolidated net profit to ₹96 crore.
- Bank of Baroda gained 4.6% to ₹291, supported by strong September quarter results, higher net interest income, and lower provisions.
- Zen Technologies rose 4.1% to ₹1,413 after announcing two contracts worth ₹289 crore from the Ministry of Defence for upgrading anti-drone systems.
- Vedanta Ltd climbed 4% to ₹513, buoyed by its strong quarterly results and positive market outlook.
Top Losers
Profit booking hit a few recent outperformers. Netweb Technologies fell 6%, while Maruti Suzuki declined 3.3% to ₹15,651 after Q2 results. Blue Dart Express and Adani Green Energy also slipped 3% each following post-earnings rallies.
Other laggards included Reliance Power, Zensar Technologies, JK Cement, Aptus Value Housing, Syrma SGS, Global Health, and Olectra Greentech, which fell between 2–5%.
Despite the lack of strong triggers, overall market breadth remained positive, supported by continued buying interest in PSU banks and midcap stocks.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to risks. Investors should consult a certified financial advisor before making investment decisions.
