The Indian markets finished the session on a high note this Monday, 02 November 2026, with the Nifty 50 closing at 23,331.10. Investors showed renewed confidence as the benchmark index climbed steadily throughout the day, reflecting a positive sentiment across major sectors.
The day in 60 seconds
- The Nifty 50 index finished the session at 23,331.10, reflecting a gain of +1.21%.
- Reliance Industries Ltd. (RELIANCE) surged +9.41% after reporting a 41% increase in consolidated net profit.
- The Nifty Bank index ended the day at 54,879.00, climbing +0.35%.
- Institutional investors showed strong activity, with FIIs recording a net inflow of ₹3,598.54 crore.
- The India VIX rose to 15.43, an increase of +0.85%, suggesting a slight uptick in market volatility expectations.
The Session Story
The Nifty 50 opened at 23,222.30 and reached a high of 23,440.80 before settling at 23,331.10. This closing level represents a 20-session high, underscoring the strength of the current momentum. The India VIX, a gauge of how much movement traders expect in the market, stood at 15.43, indicating a moderate level of caution despite the rally. This performance marks three consecutive sessions of gains, with the index up 2.54% over the last five sessions and 4.05% over the last 20 sessions.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 54,879.00 | +192.05 | +0.35% |
| Nifty 50 | 23,331.10 | +278.00 | +1.21% |
| NIFTY Midcap 100 | 57,856.25 | +555.00 | +0.97% |
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +2.54% |
| Last 20 sessions | +4.05% |
| 20-session high | 23,331.10 |
| 20-session low | 22,231.80 |
| Below the 20-session high | At the high |
| Current run | 3 sessions up in a row |
Winners and Losers
Reliance Industries Ltd. (RELIANCE) led the gainers with a sharp move of +9.41%, supported by news of a 41% rise in Q2 consolidated net profit and a 28.58% increase in total consolidated income to ₹338,654 crore. Other notable gainers included Tata Steel Ltd. (TATASTEEL) at +5.26% and JSW Steel Ltd. (JSWSTEEL) at +4.74%. On the flip side, Infosys Ltd. (INFY) led the losers, falling −2.34%, followed by ICICI Bank Ltd. (ICICIBANK) at −1.09% and HDFC Life Insurance Company Ltd. (HDFCLIFE) at −0.90%.
| Stock | Price | Change % |
|---|---|---|
| Reliance Industries Ltd. | ₹1,274.5 | +9.41% |
| Tata Steel Ltd. | ₹176.42 | +5.26% |
| JSW Steel Ltd. | ₹1,305 | +4.74% |
| Shriram Finance Ltd. | ₹862 | +4.72% |
| Coal India Ltd. | ₹406.55 | +4.51% |
| Stock | Price | Change % |
|---|---|---|
| Infosys Ltd. | ₹1,157.3 | −2.34% |
| ICICI Bank Ltd. | ₹1,382.7 | −1.09% |
| HDFC Life Insurance Company Ltd. | ₹520.2 | −0.90% |
| Kotak Mahindra Bank Ltd. | ₹457.7 | −0.84% |
| Axis Bank Ltd. | ₹1,207 | −0.82% |
Sector Performance
The market breadth was heavily skewed toward gains, led by the energy and infrastructure segments. The Nifty Oil & Gas sector index surged +5.97%, while Nifty Energy gained +3.97% and Nifty Infrastructure rose +3.70%. Conversely, Nifty IT lagged with a decline of −0.50%, and Nifty Media dipped −0.31%.
| Sector index | Change % |
|---|---|
| Nifty Oil & Gas | +5.97% |
| Nifty Energy | +3.97% |
| Nifty Infrastructure | +3.70% |
| Nifty Metal | +3.22% |
| Nifty CPSE | +2.67% |
| Nifty Bank | +0.58% |
| Nifty Healthcare Index | +0.19% |
| Nifty Pharma | −0.05% |
| Nifty Media | −0.31% |
| Nifty IT | −0.50% |
Where the Big Money Went
Institutional participation remained active, with Foreign Institutional Investors (FII) turning net buyers at ₹3,598.54 crore. Domestic Institutional Investors (DII) recorded a net selling figure of ₹817.51 crore. Net buying typically indicates that institutional players are adding to their positions, while net selling suggests a reduction in exposure.
| Session | FII net | DII net |
|---|---|---|
| 30 Oct | +3,599 | −818 |
| 29 Oct | −944 | +1,924 |
| 28 Oct | +872 | +643 |
| 27 Oct | +4,240 | −1,250 |
| 26 Oct | −1,462 | +2,610 |
| Last 5 sessions | +6,305 | +3,110 |
Under the Radar
Trading activity saw significant volume spikes in several stocks, with ITI Ltd. seeing volume at 103.2x its 20-session average, resulting in a +20.00% gain. Other volume shockers included Updater Services Ltd. at 54.7x volume and Affle 3i Ltd. at 31.2x volume. Among 52-week highs, Kotak Mahindra Bank Ltd. reached a new peak, while PB Fintech Ltd. and Zee Entertainment Enterprises Ltd. hit 52-week lows.
| Stock | Price | Change % |
|---|---|---|
| Kotak Mahindra Bank Ltd. | ₹458.35 | −0.70% |
| Divi’s Laboratories Ltd. | ₹9,945.5 | +1.69% |
| Coforge Ltd. | ₹2,099 | +2.64% |
| Laurus Labs Ltd. | ₹2,348 | −2.39% |
| Eternal Ltd. | ₹344 | +0.10% |
| Stock | Price | Change % |
|---|---|---|
| PB Fintech Ltd. | ₹931 | −6.91% |
| Muthoot Finance Ltd. | ₹2,514.7 | +4.41% |
| Intellect Design Arena Ltd. | ₹529 | +4.85% |
| Zee Entertainment Enterprises Ltd. | ₹61.41 | −7.52% |
| Latent View Analytics Ltd. | ₹200.93 | −4.50% |
| Stock | Volume vs average | Change % |
|---|---|---|
| ITI Ltd. | 103.2x | +20.00% |
| Updater Services Ltd. | 54.7x | −0.64% |
| Affle 3i Ltd. | 31.2x | +11.94% |
| Eureka Forbes Ltd. | 20.8x | +9.85% |
| Motherson Sumi Wiring India Ltd. | 18.2x | +10.64% |
| Stock | Side | Price | Change % |
|---|---|---|---|
| Coal India Ltd. | Upper | ₹408 | +4.88% |
| ITI Ltd. | Upper | ₹259.14 | +20.00% |
| Hero Motors Ltd. | Lower | ₹117.85 | −5.00% |
| Siemens Energy India Ltd. | Upper | ₹2,939.4 | +4.85% |
| Atlanta Electricals Ltd. | Lower | ₹1,430.3 | −10.00% |
| STL Networks Ltd. | Lower | ₹35.36 | −5.00% |
| Manoj Vaibhav Gems ‘N’ Jewellers Ltd. | Upper | ₹171.76 | +4.99% |
| Venus Remedies Ltd. | Upper | ₹1,300.5 | +5.00% |
What to Watch Tomorrow
Tuesday, 03 November, will see a busy calendar with several companies holding results board meetings, including Bajaj Finserv Ltd. and Bata India Ltd. Additionally, four IPOs—Johnsoncab Electricals Ltd., Vectras Enprocon Ltd., Maxwell Engineering Solutions Ltd., and HGS (India) Ltd.—will close for bidding. Several stocks will trade ex-dividend, including Infosys Ltd. at ₹26 per share and Mazagon Dock Shipbuilders Ltd. at ₹5 per share.
On the calendar for Tuesday, 3 November
| Company | Also considering a dividend |
|---|---|
| AIA Engineering Ltd. | — |
| Authum Investment & Infrastructure Ltd. | — |
| Anthem Biosciences Ltd. | — |
| Asahi India Glass Ltd. | — |
| Bajaj Finserv Ltd. | — |
| Bajaj Holdings & Investment Ltd. | — |
| Bata India Ltd. | — |
| BLS International Services Ltd. | — |
| Chambal Fertilisers and Chemicals Ltd. | Yes |
| Clean Max Enviro Energy Solutions Ltd. | — |
| Emcure Pharmaceuticals Ltd. | — |
| Endurance Technologies Ltd. | — |
| Company | What happens |
|---|---|
| Johnsoncab Electricals Ltd.
Price band ₹190 to ₹200
|
Last day to bid |
| Vectras Enprocon Ltd.
Price band ₹99 to ₹105
|
Last day to bid |
| Maxwell Engineering Solutions Ltd.
Price band ₹150 to ₹158
|
Last day to bid |
| HGS (India) Ltd.
Price band ₹114 to ₹120
|
Last day to bid |
| Company | Event | Detail |
|---|---|---|
| Gravita India Ltd. | dividend | ₹7.7 per share |
| Infosys Ltd. | dividend | ₹26 per share |
| Mazagon Dock Shipbuilders Ltd. | dividend | ₹5 per share |
| RR Kabel Ltd. | dividend | ₹6.5 per share |
Keep an eye on whether the Nifty 50 can sustain its position above the 23,300 level as the next round of corporate results begins.