NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 4

The Indian equity markets are set to open lower on Tuesday, November 4, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 18 points to 25,880.

The Indian equity benchmarks snapped their two-day losing streak on Monday led by gains in HDFC Bank, Bharti Airtel, State Bank of India, Mahindra & Mahindra and Eternal. However, the gains were capped owing to selling pressure in shares like Maruti Suzuki, Larsen & Toubro, ITC, Tata Consultancy Services and Reliance Industries.

Asian markets

Asian markets were trading on a mixed note on Tuesday diverging from gains on Wall Street overnight.

Japan's Nikkei rose 0.13%, Singapore's Straits Times fell 0.21%, South Korea's KOSPI dropped 1.6% and Hong Kong's Hang Seng advanced 0.23%.

Wall Street update

Overnight, US stocks ended higher powered by a rally in tech giants like Nvidia and Amazon.

Tech heavy Nasdaq rose 0.46% after OpenAI signed a seven-year, $38 billion deal to buy cloud services from Amazon.com in its first big push to power its AI ambitions after a restructuring last week that gave the ChatGPT maker greater operational and financial freedom.

S&P500 advanced 0.17% while Dow Jones Industrial Average declined 0.48%.

FII/DII activity

Foreign institutional investors sold shares worth ₹1,884 crore on Monday while domestic institutional investors bought shares worth ₹3,516 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹7,587 crore and for the calendar year they have been net sellers to the tune of ₹1,47,497 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

Its revenue from operations jumped 26% to ₹52,145 crore in July-September period from ₹41,473 crore a year earlier.

In the second quarter, Bharti Airtel reported operating profit or EBITDA of ₹29,919 crore with EBITDA margin at 57.4%.

India business EBITDA came in at ₹23,204 crore and EBITDA margin stood at 60%.

Bharti Airtel's average revenue per user (ARPU), a key profitability metric of a telecom company, improved to ₹256 per user per month from ₹233 in the year-ago period.

Bharti Airtel holds a 51.03% stake in Indus Towers as of September 30.

However, the company, in a filing, said that "acquisition doesn't fall within related party transaction(s)".

"A Special Committee of Directors...has granted an enabling approval for acquisition of up to 5% additional stake in Indus Towers Limited, a subsidiary company, in one or more tranches over a period of time," Airtel said in the filing.

The country's largest watch and jewellery retailer's total income also advanced 28.5% year-on-year (YoY) to ₹18,837 crore in the July-September period from ₹1,358 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 46% annually to ₹1,987 crore as against ₹1,358 crore in Q2 FY25.

The company had posted a profit of about ₹253 crore in the same period a year ago.

The revenue from operations of Bharti Hexacom increased by about 13% to ₹2,317.3 crore during the reported quarter from ₹2,097.6 crore in the year-ago quarter, according to an exchange filing.

The drug maker has entered into definitive agreements to acquire 100% stake in Inzpera Healthscience, the Mumbai-based firm said in a regulatory filing.

Inzpera is a company incorporated in India in the year 2016 and is engaged in the business of developing, manufacturing and marketing of differentiated paediatric pharmaceutical and wellness products.

Q2 results today

Nearly 120 companies will be announcing their earnings for the quarter ended September 30, 2025 on Tuesday, November 4.

They include public sector lender State Bank of India, automobile manufacturer Mahindra and Mahindra, integrated ports and logistics company Adani Ports and Special Economic Zone, business conglomerate Adani Enterprises, IndiGo operator Interglobe Aviation, hospitality firm Indian Hotels Company, Paytm operator One 97 Communications, wind turbine manufacturer Suzlon Energy, and pain company Berger Paints India.