JKB Financial Services Ltd.

As on : 02-Nov-2026

Market Commentary - Pre-Session
02-Nov-2026 08:30

Gift Nifty traded marginally higher, Asian markets were marginally higher

Local stock markets are expected to begin on a subdued note today. The Gift Nifty April 2026 futures have edged up 0.10 points, hinting at a positive opening for the benchmark index today. The domestic equity market posted modest gains in last session, with BSE Sensex and Nifty 50 in positive territory.The BSE Sensex has inched higher 2.73% over the last one month, while the NSE Nifty has edged up 1.91% over the same period.

In Asia today, sentiment was slightly firmer. China’s SSE Composite Index edged up 0.51% while Japan’s Nikkei 225 edged lower 0.31%. Hong Kong’s Hang Seng Index ticked up 0.13%.

Foreign portfolio investors (FPIs) bought shares worth Rs 3,598 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 817 crore in the Indian equity market on 1 November 2026, provisional data showed.

Overnight on Wall Street, stocks posted modest losses across the board. The Dow Jones Industrial Average was down by 550.26 points, or 1.05%, and closed at 51813.30. The S&P 500 drifted lower 2.06% to end at 7581.68, and the NASDAQ Composite eased 2.77% to 25480.08.

In last session, the S&P BSE Sensex moved higher by 308.49 points or 0.42% to 74459.53. The Nifty 50 index posted modest gains of 116.35 points or 0.51% to 23053.10. Trent Ltd was top gainer in Nifty 50 yesterday, inching higher 5.44% to Rs 3017.30. The stock has posted modest gains of around 1.43% in last one-week and stands lower 10.47% over last one-month.

In sectoral indices, only Nifty IT index edged up yesterday, adding 2.32% on the day.

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