Sensex jumps 838 pts; realty shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 837.91 points or 1.11% to 76,565.66. The Nifty 50 index rose 201.20 points or 0.87% to 23,647.65.
In the broader market, the BSE 150 MidCap Index gained 0.72% and the BSE 250 SmallCap Index added 0.68%.
The market breadth was strong. On the BSE, 2,676 shares rose and 1,335 shares fell. A total of 247 shares were unchanged.
Buzzing Index:
The Nifty Realty index jumped 1.11% to 831.35. The index rose 3.1% in the two consecutive trading sessions.
Lodha Developers (up 4.62%), Prestige Estates Projects (up 3.14%), Oberoi Realty (up 2.51%), Aditya Birla Real Estate (up 2%), Anant Raj (up 1.65%), Godrej Properties (up 1.02%), Sobha (up 0.96%), DLF (up 0.71%), Phoenix Mills (up 0.27%) rose.
Global Markets:
Dow futures fell 106 points, signalling a negative opening for US stocks.
Asian equities were trading lower on Tuesday, as technology shares remained under pressure amid concerns over the returns from heavy artificial intelligence investments. Japan's cash market remained closed for Culture Day.
Wall Street ended mixed on Monday, 2 November 2026, as weakness in technology shares offset gains across other sectors. The Dow Jones Industrial Average rose 213.67 points, or 0.41%, to 51,983.98. The S&P 500 declined 38.67 points, or 0.51%, to 7,541.40, while the Nasdaq Composite fell 272.68 points, or 1.07%, to 25,164.32.
Technology and semiconductor stocks remained under pressure as investors reassessed the scale and potential returns of AI-related investments. Nvidia fell 1.26%, Microsoft declined 2.83% and Apple lost 1.83%. Oracle also fell more than 8% amid plans to raise $20 billion through share and debt offerings.
Marvell Technology dropped 12.72%, while optical-components maker Lumentum plunged 18.59%. Marvell and Lumentum announced an all-stock agreement under which Marvell will acquire Lumentum in a deal with an implied enterprise value of $115 billion.
Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year on year and above the analyst estimate of $113.4 billion. Net income rose 12% to $30.71 billion, while earnings per share came in at $2.10 against expectations of $1.99. However, the company forecast a gross margin of 45% to 46% for the December quarter, below the 47.9% reported in the September quarter. Apple shares fell 1.83% during regular trading and declined further during the earnings call.
US manufacturing activity expanded at a faster pace in October. The Institute for Supply Management's manufacturing PMI rose to 55.5 from 54.5 in September, beating the market forecast of 54.5. The reading marked the 10th consecutive month of expansion in the manufacturing sector.
The US midterm elections on Tuesday are another focus for investors. The outcome could influence expectations for fiscal policy, government spending and regulation of the technology sector. Markets are also tracking central bank decisions this week. The Reserve Bank of Australia is widely expected to raise its cash rate by 25 basis points to 4.85%, while the Bank of England is expected to increase its policy rate from 3.75% to 4.0%.
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