Nifty 50 closed at 25,770.20, up by 53.75 points (0.21%). Bank Nifty closed at 58,120.95, up by 344.60 points (0.60%). Sensex closed at 84,010.52, up by 71.81 points (0.086%).
BSE Midcap index rose 0.6 percent, and the smallcap index added 0.7 percent. On the sectoral front, telecom, realty, and PSU Bank indices added 2 percent each. Shriram Finance, M&M, Apollo Hospitals, SBI, and Tata Consumer were among the major gainers on the Nifty, while losers included Maruti Suzuki, ITC, TCS, Bharat Electronics, and L&T.
US Markets
- Dow Jones Futures are slightly up by 84.00 points, up by 0.17%, currently trading at 47,805.00 as of November 3, 2025.
European Markets
- FTSE (UK) increased by 5.98 points, up by 0.059%, standing at 9,722.99.
- CAC (France) increased by 25.01 points, up by 0.31%, at 8,146.08.
- DAX (Germany) increased by 202.15 points, up by 0.85%, at 24,162.53.
Global events/updates:
- Rare earth stocks are soaring as nations race to secure critical minerals essential for green energy, defense, and technology. U.S.-listed miners have surged over 300% this year, reflecting growing global demand. Experts call it the next big boom after gold, oil, and tech as rare earths become crucial for powering the modern, sustainable economy.
- India now faces higher U.S. tariffs than China, with exports taxed at 50%. This signals rising trade tensions and a weakening India-U.S. partnership. Experts say the lack of strong leadership ties and Trump’s transactional approach have strained relations, shifting focus from strategic cooperation to short-term economic interests between the two nations.
- Baidu’s Apollo Go has reached 250,000 weekly fully driverless rides, matching Alphabet’s Waymo’s U.S. figures from April. This milestone highlights China’s rapid progress in autonomous driving technology. Baidu also reported no major accidents or injuries, boosting confidence in its safety record and positioning it as a strong global contender in the robotaxi market.
- K-pop stocks surged after South Korea and China agreed to resume cultural exchanges, raising hopes of re-entry into the Chinese market. SM and JYP Entertainment shares jumped over 8% and 9%, respectively. The move could end China’s 2016 “soft ban” on K-pop, potentially boosting South Korea’s entertainment exports and global fan reach.
- India’s manufacturing activity strengthened in October, with the PMI rising to 59.2 from 57.7, signaling strong domestic demand. Output and new orders grew sharply, though export growth slowed. Input costs eased, but selling prices stayed high as firms passed on expenses. Hiring continued steadily, and business optimism remained strong despite a slight dip from September.
Stock news
- Tolins Tires surged 5% after winning a ₹40–50 crore order from the Institute of Road Transport for supplying pre-cured tread rubber, bonding gum, and black vulcanizing cement to all Tamil Nadu State Transport Undertakings.
- GE Vernova T&D India rose 3% after strong results—revenue up 16% QoQ and 39% YoY, PAT up 107% YoY. The board approved ₹806 crore capacity expansion across Vadodara, Padappai, and Hosur facilities, boosting transformer and reactor output by over 50%.
- Ajanta Pharma gained 4% as revenue grew 14% YoY to ₹1,354 crore, PAT rose 20% to ₹260 crore, and EBITDA increased 5%. The company announced a hefty interim dividend of ₹28 per share, totaling ₹350 crore.
- Thangamayil Jewellery soared 19% after reporting a turnaround—sales up 45% YoY, profit at ₹58.5 crore versus a ₹17.5 crore loss, and EBITDA at ₹105.5 crore with a 6.2% margin, indicating a strong festive demand recovery.
- Transteel Seating Technologies secured fresh workspace orders worth ₹11.06 crore from top clients including Nykaa, Tata Projects, and Cashfree. The contracts cover design, build, and supply of ergonomic furniture across Bengaluru, Mumbai, and Pune.
- Alkem Laboratories’ CSR arm partnered with IIT Bombay to establish a centre for advanced research in immuno-therapeutics and regenerative medicines, committing 20–25% of its seven-year CSR funds to support innovation in healthcare technologies.
- D.P. Abhushan jumped 11% as revenue rose 79% QoQ and profit doubled YoY, driven by lower trading stock costs. EBITDA grew 99% YoY with margins improving to 7.82%, signaling stronger operational efficiency and profitability.
- AWL Agri Business dipped 3% as profit fell 21% YoY despite 22% revenue growth. Margins remained flat at 3.9%, while QoQ profit improved 3%, reflecting higher costs and competitive pressure in edible oils.
- Manaksia Coated Metals signed ₹500 crore worth of MoUs with European clients to supply 50,000 tonnes of coated steel. The deal boosts exports, capacity utilization, and strengthens its footprint in the European pre-painted steel market.
- Tata Capital partnered with the Green Climate Fund under the BEACON India program, securing $15.85 million plus a $3 million grant. It will co-invest $47.6 million to fund early-stage climate tech startups and reduce 1.1 million tonnes of CO₂.
- Shriram Properties rose 2% after signing a joint development deal for a 5-acre premium project on Bannerghatta Road, Bengaluru, with GDV over ₹350 crore. The FY26 launch aligns with its asset-light expansion strategy.
- S&S Power Switchgear climbed 7% as subsidiary HART won a ₹30 crore order from Egypt’s Giza Systems Free Zone to supply advanced Pot Control Systems for aluminum smelting operations, strengthening its global engineering presence.
- Schaeffler India advanced 5% with revenue up 15% YoY and PAT rising 22%. Strong demand in automotive technologies and exports supported margin gains, with solid free cash flow and planned capex driving future growth.
- Knowledge Marine & Engineering Works jumped 9% after signing MoUs worth ₹1,560 crore with major Indian ports for tug operations, shipbuilding, and green vessel projects, enhancing its maritime and sustainability portfolio.
- Shriram Finance gained 6% with 18% sales growth and 12% profit rise YoY. The firm declared a ₹4.80 interim dividend and guided 16% AUM growth by FY26. Brokerages maintained ‘buy’ ratings with ₹840 targets.
Brokerage Recommendations
Maruti Suzuki
- Target Price:- Rs 18,700.00 apiece
- Upside:- 17.36%
- By ICICI Direct
Swiggy
- Target Price:- Rs 740 apiece
- Upside:- 83%
- By ICICI Securities Limited
Transport Corporation of India Ltd.
- Target Price:- Rs 1500 apiece
- Upside:- 24%
- By ICICI Securities Limited
NTPC
- Target Price:- Rs 439 apiece
- Upside:- 31%
- By ICICI Securities Limited
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| Wockhardt (10.34%) | Netweb Technologies (-6%) |
| Vodafone Idea (9.16%) | Reliance Power (-5.51%) |
| Gravita India Ltd. (8.33%) | Zensar Technologies(-5.21%) |
| Jubilant Pharmova (6.93%) | JK Cement (-5.06%) |
| Schaeffler (6.78%) | Reliance Infra (-5%) |
Conclusion:- Markets ended on a positive note with Nifty closing at 25,770 and Sensex slightly up at 84,010, supported by gains in telecom, realty, and PSU banks. Midcap and smallcap indices outperformed. Strong corporate updates and sectoral momentum lifted sentiment, while global cues remained steady amid optimism over manufacturing growth and the booming rare earth sector.
Written by Abhishek Singh
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