Indian shares rise on steady earnings, easing oil; financials lead rally

Marico

03/11/2026 07:32

** Indian shares advance, with the benchmarks Nifty 50 .NSEI and Sensex .BSESN up 1.1% each, aided by steady corporate earnings and easing crude prices 
** Financials .NIFTYFIN lead the gains with a 1.6% jump; heaviest weighted benchmark stock HDFC Bank HDBK.NS gains 3%, ICICI Bank ICBK.NS adds 2.5%
** HSBC raises its financial year 2027 loan growth estimates of Indian banks, citing stronger-than-expected growth in corporate and MSME loans
** Adds recent surge in liquidity from the FCNR(B) deposit mobilisation should support incremental lending in the rest of FY2027
** Eleven of the 16 major sectors log gains, the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rise 0.5% and 0.75%, respectively
** Crude prices LCOc1 rise 2.3% to $107.2 a barrel after dropping 7% in the previous session, as investors weigh talks between Iran and Qatar with reports of US strike on Iran's Qeshm island
** Among stocks, Marico MRCO.NS jumps 8% on quarterly profit rise and on raising FY2027 revenue and operating profit growth outlook 
** Shares of Trident TRIE.NS climb 9% after the textile firm posted a jump in September-quarter profit


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))