Sensex Adds 1,225 Points for a Fourth Straight Gain as FMCG Stocks Rally; SBI Slips After Its Q2 Results

India's benchmark stock indexes rose for a fourth straight session on Tuesday, November 3, 2026, led by consumer goods, real estate and private bank shares. The BSE Sensex gained 1,225.07 points, or 1.62%, to close at 76,917.85, and the NSE Nifty 50 rose 370.05 points, or 1.58%, to 23,810.85, according to Business Standard.

Both indexes have gained about 5% over the four sessions and closed at two-month highs, Moneycontrol and BusinessLine reported. On Monday, the Sensex had risen 1,233.25 points.

Consumer stocks lead

The Nifty FMCG index was the best-performing sector, rising 3.65% to 45,580.00, according to IIFL data. The Nifty Realty index gained 2.33% and the Nifty Private Bank index rose 1.98%. The Nifty Bank index closed 0.98% higher at 55,540.05. BusinessLine reported that 13 of 16 major sectors advanced.

The top gainers in the Nifty 50, according to IIFL, were:

• BSE Ltd, up 5.03% to ₹3,665.70
• Nestle India, up 4.47% to ₹1,248.40
• Tata Consumer Products, up 4.29% to ₹1,073.00
• Asian Paints, up 3.99% to ₹2,437.80
• Bharti Airtel, up 3.77% to ₹2,065.00

The biggest decliners were Power Grid Corporation, down 3.04% to ₹259.55; State Bank of India, down 1.70% to ₹970.25; and Oil and Natural Gas Corporation, down 1.13%. The Nifty PSU Bank index was the weakest sector, falling 1.27%.

In the broader market, the Nifty MidCap 100 rose 1.06% and the Nifty SmallCap 100 gained 0.31%, Business Standard reported.

Oil, foreign buying and earnings

Market reports pointed to several supports for the rally. Brent crude, which fell about 7% on Monday as talks involving Iran and Qatari mediators raised hopes of an end to the conflict, traded near $105 a barrel on Tuesday, Moneycontrol reported. Lower oil prices reduce costs for India, which imports most of its crude.

Foreign portfolio investors were net buyers of ₹3,114.68 crore of Indian shares on Monday, according to provisional data cited by Moneycontrol and IIFL, while domestic institutional investors were net sellers of ₹392.20 crore, IIFL reported. Business Standard also cited strong September-quarter earnings and an unwinding of the global AI trade, while IIFL noted market talk of possible changes to long-term capital gains tax.

V K Vijayakumar, chief investment strategist at Geojit Investments, said in comments to Moneycontrol that falling Brent crude, a weaker AI trade, good second-quarter results and foreign investors turning buyers were supporting the market. The rupee gained 12 paise to 94.72 per U.S. dollar in interbank trade, Moneycontrol reported.

SBI's quarterly results

State Bank of India, the country's largest lender, reported a 14.3% rise in standalone net profit for the July-September quarter to ₹23,038 crore, from ₹20,160 crore a year earlier, Business Standard reported. Net interest income rose 14.7% to ₹49,143 crore, and provisions fell 21.9% to ₹4,217 crore.

The profit included a one-time gain of ₹7,288 crore from the sale of a 6.30% stake in its asset management subsidiary, SBI Funds Management, through an offer for sale, NDTV Profit reported. Excluding that gain, profit was ₹15,750 crore, below the ₹22,619 crore analysts had estimated, according to NDTV Profit. Operating profit fell 1.4% to ₹26,937 crore.

Asset quality improved. The gross non-performing asset ratio fell to 1.39% from 1.73% a year earlier, and the net NPA ratio fell to 0.36% from 0.42%. Fortune India reported that this was the bank's best asset quality in more than two decades. Gross advances rose 17.84% to ₹52.08 lakh crore, and deposits grew 12.27% to ₹62.78 lakh crore.

Other companies due to report September-quarter results on Tuesday included the National Stock Exchange, Bajaj Finserv, Lupin and MCX, according to BusinessLine.