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Media, Consumer Durables and realty shares advanced while auto, IT and FMCG shares declined.
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 25.77 points or 0.03% to 83,952.72. The Nifty 50 index fell 36.50 points or 0.14% to 25,730.40.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.03% and the S&P BSE Small-Cap index added 0.10%.
The market breadth was positive. On the BSE, 1,876 shares rose and 1,312 shares fell. A total of 230 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,883.78 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,516.36 crore in the Indian equity market on 03 November 2025, provisional data showed.
Stocks in Spotlight:
Bharti Airtel added 2.73% after the company reported 89.02% surge in consolidated net profit to Rs 6,791.7 crore on 25.73% increase in revenue from operations to Rs 52,145.4 crore in Q2 FY26 over Q2 FY25.
Hero MotoCorp fell 2.47% after the company said it dispatched 635,808 motorcycles and scooters in October 2025, down 6.37% from 679,091 units in the October 2024.
RITES advanced 1.27% after the company said it has secured a construction order worth Rs 372.68 crore from the National Institute of Mental Health & Neurosciences (NIMHANS).
Numbers to Track:
The yield on India's 10-year benchmark federal paper was unchanged at 6,534.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.5100 compared with its close of 88.7700 during the previous trading session.
MCX Gold futures for 5 December 2025 settlement shed 0.52% to Rs 120,793.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 99.92.
The United States 10-year bond yield shed 0.02% to 4.106.
In the commodities market, Brent crude for December 2025 settlement fell 13 cents or 0.20% to $64.76 a barrel.
Global Markets:
Asia-Pacific markets traded mixed on Tuesday, diverging from Wall Street’s tech-driven rally overnight.
The gains in U.S. equities were fueled by renewed enthusiasm around artificial intelligence. Amazon shares jumped 4% after the company announced a $38 billion partnership with OpenAI, which will deploy hundreds of thousands of Nvidia graphics processing units. Nvidia stock also climbed about 2% after securing export licenses to supply its chips to the United Arab Emirates.
On Wall Street, the Nasdaq Composite rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements.
The tech-heavy Nasdaq advanced 0.46% to finish at 23,834.72, while the S&P 500 traded up 0.17% to 6,851.97. The Dow Jones Industrial Average lagged, falling 226.19 points, or 0.48%, to 47,336.68.
Consolidated EBITDA stood at Rs 29,919 crore in Q2 Sept 2025, registering the growth of 35.9% YoY with EBITDA margin of 57.4% during the quarter, as against 53.1% in Q2 FY25.
India revenues for Q2 FY26 stood at Rs 38,690 crore, reflecting a YoY growth of 22.6% & QoQ growth of 2.9%. Mobile revenue registered a 13.2% YoY growth in Q2 FY26, driven by higher realizations and an expanding customer base. Average Revenue Per User (ARPU) for the quarter was at Rs 256, up 9.87% compared with Rs 233 in Q2 FY25.
During the quarter, the company added 2,479 towers and 20,841 mobile broadband base stations.
In Q2 FY26, the Homes business reported 30.2%YoY revenue growth, driven by robust customer additions. During the quarter, the company added 9,51,000 customers, taking total customer base to 11.9 million.
Airtel Business revenue, however, declined 6.71% YoY to Rs 5,276 crore. During the quarter, Xtelify, fully-owned subsidiary of Bharti Airtel housing all of Airtel’s digital assets and capabilities, launched a sovereign, telco-grade cloud platform – ‘Airtel Cloud’ to meet the ever-evolving needs of businesses in India
In Q2 FY26, digital TV recorded revenues of Rs 753 crore with a customer base of 15.4 million.
The company’s consolidated net debt to EBITDA ratio (annualized) stood at 1.63 times as on 30th September 2025 as compared to 2.50 times as on 30th September 2024. Consolidated Net Debt (excluding lease obligations) to EBITDAaL ratio (annualized) stood at 1.19 times as on 30th September 2025.
Gopal Vittal, vice- chairman and MD, said: “We delivered another quarter of solid performance, achieving a consolidated revenue of Rs 52,145 crore growing 5.4% sequentially and underscoring the strength of our portfolio. Our India revenue, including passive infrastructure services, increased by 2.9%. Africa delivered another quarter of standout performance with constant currency revenue growth of 7.1%.
India Mobile business delivered 2.6% revenue growth, adding 5.1 million smartphone customers, maintaining an industry-leading ARPU of Rs 256 led by continued premiumization of portfolio and a steadfast focus on quality customers. The Postpaid segment recorded one of the highest quarterly net additions of approximately 1 million.
Our Homes business sustained strong momentum with 951K net customer additions and sequential revenue growth of 8.5%. IPTV services continue to gain strong traction, driving our connected homes priority. Airtel Business reported strong results with 4.3% sequential revenue growth. We saw multiple deal wins across Connectivity, IOT and security business.”
Meanwhile, the company’s board has granted approval to acquire up to an 5% additional stake in a subsidiary, Indus Towers, in one or more tranches over a period of time.
Bharti Airtel is a global communications solutions provider with over 600 million customers in 15 countries across India and Africa.
Indus Towers Ltd rose 3.25% today to trade at Rs 395.15. The BSE Telecommunication index is up 1.13% to quote at 3115.16. The index is up 8.92 % over last one month. Among the other constituents of the index, Bharti Hexacom Ltd increased 2.44% and Bharti Airtel Ltd added 2.21% on the day. The BSE Telecommunication index went up 9.77 % over last one year compared to the 6.62% surge in benchmark SENSEX.
Indus Towers Ltd has added 11.72% over last one month compared to 8.92% gain in BSE Telecommunication index and 3.44% rise in the SENSEX. On the BSE, 1.1 lakh shares were traded in the counter so far compared with average daily volumes of 3.64 lakh shares in the past one month. The stock hit a record high of Rs 429.9 on 03 Jul 2025. The stock hit a 52-week low of Rs 312.6 on 03 Sep 2025.
Barring consumer durables all the sectoral indices on the NSE were traded in red with metal, IT and auto shares declining the most.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 519.34 points or 0.62% to 83,459.15. The Nifty 50 index fell 165.70 points or 0.64% to 25,597.65.
In the broader market, the S&P BSE Mid-Cap index declined 0.26% and the S&P BSE Small-Cap index shed 0.69%.
The market breadth was weak. On the BSE, 1,619 shares rose and 2,540 shares fell. A total of 177 shares were unchanged.
The stock market will remain closed on Wednesday, 5 November 2025, on account of Guru Nanak Jayanti.
IPO Update:
Billionbrains Garage Ventures (Groww) received bids for 18,00,58,800 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 15:33 IST on Tuesday (4 November 2025). The issue was subscribed 0.49 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share.
Lenskart Solutions received bids for 2,51,49,46,203 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 15:33 IST on Tuesday (4 November 2025). The issue was subscribed 25.21 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share.
Buzzing Index:
The Nifty Metal index declined 1.44% to 10,499.05. The index rose 0.38% in the past trading session.
Welspun Corp (down 2.93%), Hindustan Copper (down 2.74%), Adani Enterprises (down 2.72%), National Aluminium Company (down 2.37%), NMDC (down 2.17%), Hindalco Industries (down 1.86%), Tata Steel (down 1.82%), Hindustan Zinc (down 1.52%), Jindal Stainless (down 1.39%) and JSW Steel (down 1.14%) declined.
Titan Company gained 2.28% after the company posted strong second-quarter earnings for FY26. The company’s consolidated revenue jumped 28.5% year-on-year to Rs 18,837 crore in Q2 FY26 from Rs 14,656 crore in Q2 FY25. profit after tax (PAT) surged 59% YoY to Rs 1,120 crore.
Bharti Airtel added 1.89% after the company reported 89.02% surge in consolidated net profit to Rs 6,791.7 crore on 25.73% increase in revenue from operations to Rs 52,145.4 crore in Q2 FY26 over Q2 FY25.
State Bank of India (SBI) rose 0.72%. The bank reported a standalone net profit of Rs 20,159.67 crore for Q2 FY26, up 9.97% year-on-year (YoY) and 5.21% sequentially. Total income stood at Rs 1,34,979.47 crore in the quarter ended 30 September 2025, rising 4.52% YoY but declining 0.26% quarter-on-quarter (QoQ).
Power Grid Corporation of India slipped 3.13% after the company’s consolidated net profit fell 5.98% to Rs 3,566.08 crore in Q2 FY26 as against Rs 3,793.02 crore posted in Q2 FY25. However, revenue from operations rose 1.75% YoY to Rs 11,475.95 crore recorded in the quarter ended 30 September 2025.
Adani Ports and Special Economic Zone (APSEZ) shed 0.02%. The company has reported 29% increase in consolidated net profit to Rs 3,120 crore on a 30% rise in revenue to Rs 9,167 crore in Q2 FY26 as compared with Q2 FY25.
Bajaj Finance gained 1.16% after the NBFC reported a sharp rise in festive season lending, driven by robust consumer demand and recent tax reforms. The company disbursed 63 lakh consumer loans between 22 September and 26 October 2025, marking a 27% jump in volume and a 29% increase in value compared with the same period last year.
Godfrey Phillips India dropped 3.62% after the cigarette maker reported 14.39% fall in consolidated net profit to Rs 304.99 crore in Q2 FY26 as against Rs 356.28 crore posted in Q2 FY25. Revenue from operations (excluding excise duty) declined 13.26% quarter-on-quarter (QoQ) to Rs 1,289.03 crore in the quarter ended 30 September 2025.
Gallantt Ispat gained 1.33% after the company reported a 78.42% year-on-year jump in consolidated net profit to Rs 87.23 crore on a 7.45% rise in revenue from operations to Rs 1,012.75 crore in Q2 FY26 over Q2 FY25.
3M India zoomed 16.29% after the company's net profit jumped 43.01% to Rs 191.33 crore on 14.01% rise in revenue from operations to Rs 1,266.49 crore in Q2 FY26 over Q2 FY25.
Kirloskar Brothers fell 1.54% after the company reported a 29.28% decline in consolidated net profit to Rs 67.4 crore on a 0.78% drop in revenue from operations to Rs 1,027.7 crore in Q2 FY26 over Q2 FY25.
European markets declined on Tuesday as investors awaited third-quarter results from Philips, Geberit, Associated British Foods, and Ferrari, which are scheduled to be released today.
Asia-Pacific markets ended lower, diverging from Wall Street’s tech-led rally overnight.
Australia's central bank holds rates at 3.60%. It had eased policy three times this year in February, May and August.
Consolidated EBITDA stood at Rs 29,919 crore in Q2 Sept 2025, registering the growth of 35.9% YoY. EBITDA margin improved to 57.4% in Q2 FY26, as against 53.1% in Q2 FY25.
Airtel Business reported a 6.71% YoY decline in revenue to Rs 5,276 crore in Q2 FY26. During the quarter, Xtelify, fully-owned subsidiary of Bharti Airtel housing all of Airtel’s digital assets and capabilities, launched a sovereign, telco-grade cloud platform – ‘Airtel Cloud’ to meet the ever-evolving needs of businesses in India
The counter rose 0.93% to end at Rs 2,073.75 on the BSE.