Indian equity markets have bounced back to trade in positive territory during late afternoon session. Sentiments remained upbeat as foreign institutional investors (FIIs) continued to pour capital into Indian markets. FII were the net buyers in Friday’s session, buying securities worth Rs 13,749.82 crore. Besides, decline in crude oil prices have act as a cushion with Brent crude oil trading below $97 a barrel mark after US President indicated that renewed U.S. attacks on Iran are ‘highly unlikely’. However, gains remained capped as IT stocks faced significant selling pressure amid rising expectations of interest rate hike by US Federal reserve in its December meeting. Majority clientele of Indian IT companies is based in US and higher interest rate affects the discretionary IT spending, which may weigh on Indian IT players’ earning in coming quarters.
On the global front, Asian equity markets were trading mixed as traders digested mixed inflation data from China and awaited key U.S. inflation data for further cues of US Federal Reserve’s policy decision. European equity markets were trading higher amid decline in crude oil prices.
The BSE Sensex is currently trading at 81066.99, up by 67.59 points or 0.08% after trading in a range of 80519.31 and 81339.41. There were 9 stocks advancing against 21 stocks declining on the index.
The top gaining sectoral indices on the BSE were Bankex up by 1.20%, PSU up by 1.09%, Healthcare up by 1.01%, Oil & Gas up by 0.38% and Consumer Durables up by 0.19%, while Telecom down by 1.66%, IT down by 1.48%, TECK down by 1.32%, Basic Materials down by 0.63% and Metal down by 0.61% were the top losing indices on BSE.
The top gainers on the Sensex were State Bank of India up by 2.16%, Trent up by 1.31%, HDFC Bank up by 1.30%, ICICI Bank up by 1.02% and Larsen & Toubro up by 0.99%. On the flip side, HCL Technologies down by 2.61%, Ultratech Cement down by 2.43%, Tata Steel down by 2.11%, Bajaj Finance down by 1.86% and Infosys down by 1.78% were the top losers.
Meanwhile, India and Hungary are exploring avenues to expand trade, investment and industrial partnerships across several high-potential sectors. In this regard, Minister of State for Commerce and Industry, and Electronics and Information Technology, Jitin Prasada, visited Hungary from November 4-6, 2026.
The visit included high-level political and institutional engagements, with Prasada calling on the Deputy Speaker of the Hungarian National Assembly. Discussions centred on further strengthening bilateral relations and exploring opportunities for enhanced cooperation between India and Hungary, including in the broader context of India-European Union relations. Prasada also met the Minister of Science and Technology of Hungary. The discussions focused on expanding bilateral cooperation in emerging technologies, research and innovation, and exploring opportunities for greater collaboration between industries and research institutions of the two countries.
As part of his institutional engagements, Prasada visited the Hungarian University of Agriculture and Life Sciences (MATE), one of Central Europe’s leading agricultural research and educational institutions. The visit provided an opportunity to explore potential cooperation in agricultural research, agri-technology, innovation and sustainable agricultural practices. The Minister also visited Gedeon Richter Plc., a leading Hungarian pharmaceutical company with an established manufacturing presence in India through Richter Themis Medicare (India) Pvt. Ltd. The visit highlighted existing industrial linkages between the two countries and opportunities for further collaboration in pharmaceutical manufacturing, research and development and healthcare technologies.
The CNX Nifty is currently trading at 24996.50, up by 10.10 points or 0.04% after trading in a range of 24838.75 and 25084.05. There were 18 stocks advancing against 32 stocks declining on the index.
The top gainers on Nifty were State Bank of India up by 2.31%, HDFC Bank up by 1.61%, Larsen & Toubro up by 1.53%, Trent up by 1.44% and ICICI Bank up by 1.42%. On the flip side, HCL Technologies down by 2.61%, Tata Steel down by 2.16%, Ultratech Cement down by 2.06%, Infosys down by 1.70% and TCS down by 1.58% were the top losers.
Asian equity markets were trading mixed; Nikkei 225 surged 1365.23 points or 2.32% to 58,800.00, Shanghai Composite strengthened 11.61 points or 0.32% to 3,660.79, Jakarta Composite gained 21.53 points or 0.42% to 5,071.96 and Taiwan Weighted added 1960.06 points or 4.7% to 41,661.70, while Hang Seng declined 37.86 points or 0.15% to 24,444.00 and KOSPI dropped 40.84 points or 0.81% to 5,018.85.
European equity markets were trading higher; UK’s FTSE 100 increased 53.42 points or 0.5% to 10,727.36, France’s CAC rose 31.4 points or 0.39% to 8,170.40 and Germany’s DAX gained 168.24 points or 0.65% to 25,988.60.