Top Gainers & Losers: BSE Ltd Surges, Tuesday, November 03, 2026

Top Nifty 50 Gainers Today

• BSE Ltd: Surged by 5.0%, leading the index pack amid strong buying in capital market intermediaries.
• Nestle India: Advanced 4.5%, benefiting from strong defensive and consumption demand.
• Tata Consumer Products: Gained 4.3%, tracking broad-based strength across the FMCG space.
• Bharti Airtel: Rose approximately 3.9%, supported by steady institutional accumulation.
• Asian Paints: Climbed around 3.3%, aided by lower input cost expectations.

Top Nifty 50 Losers Today

• Power Grid Corporation of India: Slumped 3.0%, emerging as the primary laggard on the benchmark index.
• Infosys: Declined 2.0%, weighed down by profit taking and technology sector caution.
• NTPC: Fell 1.8%, reflecting continued selling pressure in state-owned power utilities.
• State Bank of India (SBI): Ended 1.7% lower, trailing private banking peers amid underperformance in PSU banks.
• Oil and Natural Gas Corporation (ONGC): Dropped 1.5%, pressured by softer crude oil trends.

Analysis: Reasons Behind the Moves

• Macro Tailwinds and Tax Rejig Hopes: Market sentiment was lifted by easing international crude oil prices, renewed net purchases by Foreign Institutional Investors (FIIs), and growing market speculation surrounding a prospective restructuring of the Long-Term Capital Gains (LTCG) tax structure.
• FMCG and Consumption Rally: A sharp drop in crude oil prices eased input cost concerns for paint and consumer goods manufacturers, triggering strong buying in Asian Paints, Nestle India, and Tata Consumer Products.
• Capital Market Participation: Capital market counters like BSE Ltd experienced intense interest as heightened retail and institutional volumes, coupled with positive broader market momentum, boosted expectations for transaction fee revenues.
• Pressure on Utilities and Energy: Conversely, state-owned power and energy counters faced headwinds. Moderating crude oil prices dampened upstream exploration prospects for ONGC, while capital rotation away from public-sector utilities into private financials and consumer plays triggered losses in Power Grid, NTPC, and SBI.
• IT Drag: Infosys pulled back amid broader tech-sector consolidation, as investors shifted funds toward domestic-oriented recovery themes.