HUGE FII BUYING + US ELECTION RESULT AND RESULT STOCKS..
PRE-MARKET REPORT | 4 NOVEMBER 2026
MARKET OUTLOOK: CONSOLIDATION LIKELY | CRUDE OIL REMAINS VOLATILE | US MIDTERM RESULTS IN FOCUS | MEDANTA DELIVERS STRONG Q2
Indian markets enter Wednesday's session after four consecutive days of gains, with the Nifty recovering more than 1,100 points from its October 28 closing level.
There are encouraging signals: foreign investors have returned as significant buyers, crude oil has eased from recent highs, and corporate earnings are supporting sentiment.
However, the rally may face a pause today. GIFT Nifty is indicating a mildly negative opening, while investors await clarity from the US midterm elections and developments in the US-Iran situation.
--->US MIDTERM ELECTION RESULTS: GLOBAL MARKETS ON ALERT
The US midterm election results remain an important global market trigger.
Early results have shown Democratic gains, including Senate victories in North Carolina and Georgia. However, the final Senate outcome remains uncertain, while the House results are also being closely watched.
--->Tuesday, 3 November 2026 — Cash market activity
Institutional activity
Net investment
FII
+₹6,837 crore
DII
-₹3,679 crore
--->MEDANTA: STRONG Q2 FY27 RESULTS
Global Health, which operates the Medanta hospital chain, reported a strong quarterly performance.
--->BANK NIFTY: SUPPORT AND RESISTANCE
Bank Nifty closed Tuesday at approximately 55,540, gaining around 538 points.
Level
Zone
Immediate support
55,250–55,200
Major support
54,920–54,650
--->STOCKS IN FOCUS TODAY
MEDANTA: Strong Q2 earnings, revenue growth and margin expansion.
NSE: Quarterly profit increased approximately 23% year-on-year, keeping capital-market-related stocks in focus.
BATA INDIA: Q2 net profit increased 30.4%, supported by demand for premium footwear.