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FMCG shares witnessed selling pressure for the fourth consecutive trading session.
At 14:25 IST, the barometer index, the S&P BSE Sensex declined 458.66 points or 0375% to 84,519.83. The Nifty 50 index fell 150.45 points or 0.69% to 25,614.10.
In the broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.72% and the S&P BSE Small-Cap index gained 0.79%.
The market breadth was negative. On the BSE, 2,265 shares rose and 1,903 shares fell. A total of 229 shares were unchanged.
Buzzing Index:
The Nifty FMCG index fell 0.69% to 55,768.85. The index fell 1.5% in the four consecutive trading sessions.
Godrej Consumer Products (down 2.14%), Tata Consumer Products (down 1.71%), ITC (down 0.98%), Patanjali Foods (down 0.93%), Colgate-Palmolive (India) (down 0.78%), Marico (down 0.58%), Varun Beverages (down 0.58%), United Breweries (down 0.42%), Nestle India (down 0.39%) and Hindustan Unilever (down 0.36%) declined.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.08% to 6.523 from the previous close of 6.534.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.6200 compared with its close of 88.7700 during the previous trading session.
MCX Gold futures for 5 December 2025 settlement fell 0.30% to Rs 121,050.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 99.89.
The United States 10-year bond yield fell 0.46% to 4.088.
In the commodities market, Brent crude for December 2025 settlement declined 72 cents or 1.11% to $ 64.17 a barrel.
Stocks in Spotlight:
Dee Development Engineers declined 4.60% after the company reported a 20.1% year-on-year drop in consolidated net profit to Rs 17.80 crore, despite a 39.1% rise in revenue from operations to Rs 270 crore in Q2 FY26 over Q2 FY25.
City Union Bank jumped 8.16% after reporting a resilient second quarter performance for FY26. The bank’s total income rose 15% year-on-year to Rs 1,912 crore in Q2 FY26 from Rs 1,660 crore in Q2 FY25, supported by a 15% increase in interest income to Rs 1,653 crore. Operating profit grew 10% YoY to Rs 471 crore, while profit after tax (PAT) rose 15% YoY to Rs 329 crore from Rs 285 crore in the same period last year.
Adani Ports and Special Economic Zone (APSEZ) shed .11%. 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.
Kalyani Steels declined 3.92% after the company reported a 7.18% year-on-year fall in consolidated net profit to Rs 62.54 crore on a 7.32% decline in revenue from operations to Rs 456.07 crore in Q2 FY26 over Q2 FY25.
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.
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.
Global Markets:
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.
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.
On the segmental front, revenue from Domestic Ports was Rs 6,351 crore (up 16% YoY), International Ports revenue was Rs 1,077 crore (up 35% YoY), revenue from Logistics was Rs 1,055 crore (up 79% YoY), Marine revenue was Rs 641 crore (up 237% YoY) and Other revenue was Rs 43 crore (up 153% YoY).
EBITDA improved by 27% to Rs 5,550 crore in Q2 FY26 from Rs 4,369 crore posted in Q2 FY25.
Profit before tax in Q2 FY26 stood at Rs 82.8 crore, down by 3.6% from Rs 63.4 crore recorded in Q2 FY25.
In Q2 FY26, the company’s Cargo volume was 124 MMT (up 12% YoY), Rail volume was 178,927 TEUs (up 16% YoY) and GPWIS volume was 4.92 MMT (down 4% YoY).
The All-India market share of Adani Ports for September 2025 quarter was 28.1% (up 70 basis points YoY). The all-India container market share stood at 45.9%, up 150 basis points YoY.
Ashwani Gupta, whole-time director & CEO, said: “Our strong, across-the-board profitable growth momentum truly underscores the success of our unmatched Integrated Transport Utility value proposition.
Logistics and Marine businesses have continued their exponential growth trajectory, further reinforcing our port-gate to customer-gate offering. Our performance is a testament to the success of various operational efficiency and capital optimization initiatives, leading to the strongest ever H1 domestic ports EBITDA margin and significant improvement in Logistics RoCE.
The strategic expansion of our multi-modal capabilities---from our growing network of 12 logistics parks and 3.1 million sq. ft. of warehouses to our expanding trucking fleet and international freight services---demonstrates how we are creating a seamless supply chain ecosystem.
The ongoing expansion of our port capacities and our 127-vessel marine fleet across the MEASA1 region, with foray into West Africa waters, position us as a genuine integrated player in the global supply chain.”
Adani Ports and Special Economic Zone (APSEZ) is the largest private port operator in India. APSEZ operates a portfolio of 15 domestic ports/terminals with international presence at 4 global ports/terminals. Along with its port operations, it has its wide logistics network and offers various port based marine services to its owned ports/terminals as well as other ports.
The scrip rose 0.59% to currently trade at Rs 1453.20 on the BSE.
During Oct'25, APSEZ handled port cargo volume of 40.2 MMT (+6% YoY), led by containers (+24% YoY).
YTD Oct'25, APSEZ handled 284.4 MMT of port cargo (+10% YoY), led by containers (+21% YoY)
Logistics rail volume during Oct'25 stood at 60,387 TEUs (+16% YoY) and GPWIS volume was at 1.7 MMT (-6% YoY)
Logistics rail volume during YTD Oct'25 stood at 418,793 TEUs (+15% YoY). YTD Oct'25 GPWIS volume stood at 12.7 MMT (+1% YoY).