The Indian stock market is likely to begin Wednesday’s trading session, November 4, 2026, on a cautious note after registering four consecutive sessions of gains. GIFT Nifty indicated a weaker opening, trading around 23,718, down nearly 40 points, or 0.17%, from the previous close of Nifty futures.
The expected subdued start comes after a strong rally on Tuesday, when benchmark indices Sensex and Nifty extended their winning streak and closed nearly 2% higher. The BSE Sensex surged 1,225.07 points, or 1.62%, to settle at 76,917.85. Meanwhile, the NSE Nifty climbed 370.05 points, or 1.58%, to close at 23,810.85.
Investors will closely monitor quarterly earnings, business updates and operational developments to identify stock-specific opportunities during Wednesday’s session.
Stocks to Watch Today, November 4, 2026
1. BSE, Nykaa and Lenskart Solutions
Shares of BSE, FSN E-Commerce Ventures (Nykaa) and Lenskart Solutions will remain in focus as these companies are scheduled to announce their financial results for the second quarter of FY27. Investors will assess revenue growth, profitability and management commentary for clues about their future performance.
Power Finance Corporation, Cummins India, Zydus Lifesciences and Apollo Hospitals Enterprises are also scheduled to release their Q2 results, making their shares important to watch during the trading session.
2. NSE Reports 23% Profit Growth
The National Stock Exchange of India (NSE) reported a 23% year-on-year increase in consolidated profit after tax to ₹2,578 crore in Q2FY27, compared with ₹2,098 crore in the corresponding quarter last year.
The results mark the exchange’s first quarterly earnings announcement following its reported market debut in September 2026. Investors will track the financial performance and developments surrounding the exchange.
3. SBI Net Profit Rises 14%
State Bank of India (SBI), the country’s largest public sector lender, reported a 14% year-on-year increase in standalone net profit to ₹23,038 crore for the September quarter. The bank had posted a net profit of ₹20,160 crore in the corresponding period of the previous financial year.
The profit growth could keep SBI shares in focus as investors assess the lender’s earnings performance and broader banking sector trends.
4. MCX Profit Jumps 130%
Multi Commodity Exchange of India (MCX) reported a substantial 130% year-on-year increase in consolidated net profit to ₹454.57 crore in Q2FY27, compared with ₹197.47 crore a year earlier.
The sharp improvement in profitability is likely to attract investor attention as market participants evaluate the exchange’s financial performance.
5. Happiest Minds Technologies Posts Profit Growth
Happiest Minds Technologies reported a 15.12% year-on-year increase in consolidated net profit to ₹62.19 crore for the September quarter of FY27. The IT services company’s shares may remain on investors’ radar as the market evaluates its quarterly performance.
6. IEX Records Higher Electricity Trading Volumes
Indian Energy Exchange (IEX) recorded a 16.5% year-on-year increase in electricity trading volume to 13.1 billion units in October. Real-time market volume rose 23.7% to 5.7 billion units, while day-ahead market volume declined 3.8% to 4,508 million units.
The contrasting trends across market segments could influence investor sentiment toward the exchange.
7. Bata India and Awfis Report Profit Growth
Bata India reported a 28.6% year-on-year rise in net profit to ₹18 crore for Q2FY27, compared with ₹14 crore in the same quarter last year.
Awfis Space Solutions also delivered strong profit growth, with net profit increasing 93.7% to ₹31 crore from ₹16 crore a year earlier.
8. V-Mart Retail and Chambal Fertilisers Under Watch
V-Mart Retail reported a wider net loss of ₹16 crore in Q2FY27, compared with ₹8.87 crore in the corresponding period last year. The increase in losses may remain a key consideration for investors evaluating the retailer’s performance.
Chambal Fertilisers and Chemicals reported a 2.6% year-on-year decline in net profit to ₹632 crore, against ₹649 crore in the year-ago quarter.
Market Outlook for Wednesday
Despite the possibility of a weaker opening, company-specific developments are expected to influence trading in several stocks. Investors will track quarterly earnings, trading volumes and sectoral trends while assessing the sustainability of the recent market rally.
Market participants should also watch global market cues and changes in investor sentiment throughout the session. A weak opening does not necessarily indicate that the market will remain under pressure for the entire trading day.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Investors should consult a qualified financial adviser before making investment decisions.
