NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 3

The Indian equity markets are set to open lower on Monday, November 3, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 59 points to 25,846. The Indian equity benchmarks declined for second straight session on Friday, October 31. The SENSEX fell as much as 499 points and NIFTY50 index touched an intraday low of 25,711 dragged down by losses in index heavyweights like HDFC Bank, ICICI Bank, Eternal, Kotak Mahindra Bank, Infosys, NTPC and Bharti Airtel.

Asian markets

Most of the Asian markets were shut on Monday owing to holiday. Markets in Japan, Singapore and Hong Kong were cloed on Monday. South Korea's KOSPI fell 2.32% and Taiwan Weighted declined 0.08%.

Wall Street update

US markets ended close to their all-time highs on Friday as Dow Jones rose 0.1%, S&P500 advanced 0.26% and Nasdaq climbed 0.61%.

FII/DII activity

Foreign institutional investors sold shares worth ₹6,769 crore on Friday while domestic institutional investors bought shares worth ₹7,068 crore, data from the National Stock Exchange showed.

The FIIs bought shares worth ₹14,610 crore in October and for the calendar year they have been net sellers to the tune of ₹1,39,910 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

"In October, we did a retail of 2,42,096 units, which is a growth of almost 20 per cent over the last year," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in a virtual interaction.

It was the highest-ever retail sale that the company did in October.

In the 40-day festival period starting from Navratra, he said the company had 5 lakh bookings with 4.1 lakh retail sales, "which is almost double of the last year".

Built on Mahindra's advanced purpose-built INGLO platform, the latest electric SUV from the homegrown automobile major is set for world premiere at the 'Scream Electric' event in Bengaluru on November 27, which also will mark one year of Mahindra's all-electric journey and its growing INGLO portfolio, the company said.

Sales of medium and heavy commercial vehicles in the domestic market were at 9,611 units as against 8,437 units in the year-ago month, a growth of 14%, it added.

Light commercial vehicle sales in the domestic market last month were higher at 6,703 units as against 5,630 units in the year-ago period, the company said.

Crude oil price averaged around $65.74 per barrel, analysts added.

BPCL's revenue from operations advanced 3.1% to ₹1.22 lakh crore in the July-September period from ₹1.18 lakh crore in the year-ago period.

The company had posted a profit of ₹136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL).

Its revenue from operations was up 17.9% at ₹3,019.20 crore in the September quarter. It was at ₹2,560.12 crore in the corresponding period a year ago.

JKCL's total expenses were at ₹2,827.36 crore, up 11% in the September quarter.

The company's net profit stood at ₹194 crore in the year-ago period, Tata Chemicals said in a regulatory filing.

Q2 earnings today

As many as 81 companies will announce their September quarter numbers today. The list includes names such as Bharti Airtel, Titan Company, Power Grid Corporation of India, Ambuja Cements, TATA Consumer Products, Godfrey Phillips India, GE Vernova TD India, ACME Solar Holdings, and Westlife Foodworld, among others.