Top Gainers & Losers Today (Nov 3): Vodafone Idea, Gravita India, Bank of Baroda, Vedanta, Zen Tech Lead Market Rally

Indian shares marked the beginning of November with a strong but modest rise, as the main indices closed the trading day on Monday with insignificant gains. The Nifty 50 increased by 0.16% to 25,763, and the Sensex went up by 0.05% to 83,976, as the investors kept their eyes on the stock-specific moves in the light of the Q2 earnings reactions.

Though there were not many new factors to affect the market, the Nifty Midcap 100 and Nifty Smallcap 100 indices, which gained 0.77% and 0.72%, respectively, reflected the continuing interest in mid- and small-cap stocks.

On the other hand, the public sector bank stocks that rallied earlier continued their surge, pushing the Nifty PSU Bank index almost 2% up to a new peak of 8,373, a move that was supported by strong quarterly results.

“Markets ended marginally positive as investors booked profits at higher levels due to the lack of new domestic catalysts,” said Vinod Nair, Head of Research at Geojit Financial Services. “However, strong Q2 earnings are supporting selective buying in the broader market. PSU banks remain the top pick, thanks to their robust asset quality and earnings performance.”

🔼 Top Gainers on November 3

Wockhardt Ltd surged 10.4% to ₹1,413 after posting a Q2 net profit of ₹78 crore, reversing a loss of ₹22 crore from the same quarter last year.

Vodafone Idea shares jumped 9.3% to ₹9.54, following reports that the Supreme Court has allowed the government to consider relief on the company’s AGR dues — a major positive trigger for the telecom operator.

Gravita India advanced 8.4% to ₹1,806 after reporting a consolidated Q2 profit of ₹96 crore, aided by operational efficiency and higher lead segment contribution.

Bank of Baroda (BoB) experienced a rise of 4.6% to ₹291, which was a result of quarterly profits that were above analysts’ expectations and that pointed to a hefty growth in net interest income (NII), lesser provisions, and an efficient management of costs.

Zen Technologies went up 4.1% to ₹1,413.20, as the company opened up two new defence contracts with the MoD worth ₹289 crore for its anti-drone systems upgrade.

Vedanta Ltd also increased its value by 4% to ₹513 after the release of Q2 results, while CLSA and Citi have already set the target price at ₹600 for the near term and think the potential for that is very likely.

🔻 Top Losers on November 3

Netweb Technologies led the losers’ list, falling 6% to ₹3,798, as investors booked profits following a strong recent rally.

Maruti Suzuki India declined 3.3% to ₹15,651, after Jefferies downgraded the stock to ‘Hold’ post-Q2 results, citing moderate earnings growth.

Blue Dart Express dropped 3.1% to ₹6,370 due to profit-taking after a sharp post-results uptrend, while Adani Green Energy slipped 3.1% to ₹1,105 on similar cues.

Other notable losers included Reliance Power, Zensar Technologies, Aptus Value Housing, JK Cement, Reliance Infrastructure, Syrma SGS Technology, Global Health, Chennai Petroleum, Timken India, Premier Energies, Olectra Greentech, IDBI Bank, Swiggy, and Paytm, which all fell between 2–5%.

📊 Market Snapshot

Nifty 50: 25,763 (+0.16%)

Sensex: 83,976 (+0.05%)

Nifty Midcap 100: +0.77%

Nifty Smallcap 100: +0.72%

Nifty PSU Bank Index: +1.9% at 8,373 (Record High)

Despite muted index performance, sector rotation and strong Q2 earnings kept market sentiment steady as investors looked ahead to upcoming macro data and global rate cues.