Market Highlights: Nifty 50 Gains 0.69% Mid-Session as Reliance Industries Leads Broad Market Rally | 02 Nov 2026, 02:00 PM IST
Key Highlights
As of Monday, 2 November 2026, intraday, the Nifty 50 trades at 23,211.80. Reliance Industries drives gains while IT and Pharma sectors face selling.
As of Monday, 2 November 2026, intraday, the trades at 23,211.80, marking a gain of +0.69% or +159 points. The market sentiment remains positive, building on the momentum seen in the previous five sessions where the index recorded a +2.00% rise.
The 60-Second Version
- Nifty 50 is currently trading at 23,211.80, up +0.69%.
- Reliance Industries leads the pack, surging +7.31%.
- India VIX has spiked +3.92%, reflecting rising intraday volatility.
- Institutional flows show a net positive trend over the last five sessions with FIIs adding +6,305 crore.
- Sectoral divergence is evident as Nifty Oil & Gas climbs +4.00% while Nifty IT drops −0.81%.
How the Indices Are Trading
The Nifty 50 is navigating a range between a low of 23,210.65 and a high of 23,360.50. The Nifty Midcap 100 is outperforming with a +0.71% gain, while the Nifty Bank remains slightly subdued, trading down −0.17%. The India VIX, which acts as a gauge for market expectations of near-term volatility, is currently at 15.90, showing an increase of +3.92%. This performance follows a period where the Nifty 50 closed 0.40% below its 20-session high of 23,146.15.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 54,593.25 | −93.70 | −0.17% |
| Nifty 50 | 23,211.80 | +158.70 | +0.69% |
| NIFTY Midcap 100 | 57,707.90 | +406.65 | +0.71% |
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +2.00% |
| Last 20 sessions | +1.91% |
| 20-session high | 23,146.15 |
| 20-session low | 22,231.80 |
| Below the 20-session high | 0.40% |
| Current run | 2 sessions up in a row |
Who Is Leading and Lagging
Sectoral performance shows a clear preference for energy and industrial themes. The Nifty Oil & Gas sector leads the gains at +4.00%, followed by Nifty Energy at +2.94% and Nifty Metal at +2.52%. Conversely, the Nifty Media sector is the weakest, falling −0.93%, with Nifty IT also struggling at −0.81%.
Among individual stocks, Reliance Industries Ltd. is the top performer, jumping +7.31% to ₹1250.1. Tata Steel Ltd. follows with a +5.02% rise. On the downside, Infosys Ltd. is the top loser, shedding −2.78% to trade at ₹1152.1, while Sun Pharmaceutical Industries Ltd. is down −1.74%.
| Sector index | Change % |
|---|---|
| Nifty Oil & Gas | +4.00% |
| Nifty Energy | +2.94% |
| Nifty Metal | +2.52% |
| Nifty Infrastructure | +2.35% |
| Nifty CPSE | +2.24% |
| Nifty Bank | −0.17% |
| Nifty Healthcare Index | −0.35% |
| Nifty Pharma | −0.54% |
| Nifty IT | −0.81% |
| Nifty Media | −0.93% |
| Stock | Price | Change % |
|---|---|---|
| Reliance Industries Ltd. | ₹1,250.1 | +7.31% |
| Tata Steel Ltd. | ₹176.01 | +5.02% |
| Shriram Finance Ltd. | ₹859.2 | +4.38% |
| Coal India Ltd. | ₹405.8 | +4.32% |
| JSW Steel Ltd. | ₹1,295 | +3.93% |
| Stock | Price | Change % |
|---|---|---|
| Infosys Ltd. | ₹1,152.1 | −2.78% |
| Sun Pharmaceutical Industries Ltd. | ₹1,746.7 | −1.74% |
| ICICI Bank Ltd. | ₹1,376.7 | −1.52% |
| Axis Bank Ltd. | ₹1,203.2 | −1.13% |
| HDFC Life Insurance Company Ltd. | ₹519.3 | −1.07% |
Under the Hood
Market breadth is highlighted by 23 stocks touching 52-week highs, including Divi’s Laboratories Ltd. at +1.70% and Coforge Ltd. at +1.74%. Meanwhile, 11 stocks hit 52-week lows, with Fintech Ltd. dropping −6.54% and Zee Entertainment Enterprises Ltd. falling −6.52%. shockers are notable, with ITI Ltd. seeing volume at 100.6x its 20-session average, driving a +20.00% move.
| Stock | Price | Change % |
|---|---|---|
| Kotak Mahindra Bank Ltd. | ₹457 | −1.00% |
| Divi’s Laboratories Ltd. | ₹9,946.5 | +1.70% |
| Coforge Ltd. | ₹2,080.5 | +1.74% |
| Ather Energy Ltd. | ₹1,771.7 | +0.89% |
| Eternal Ltd. | ₹344.7 | +0.31% |
| Stock | Price | Change % |
|---|---|---|
| PB Fintech Ltd. | ₹934.7 | −6.54% |
| Muthoot Finance Ltd. | ₹2,493.7 | +3.53% |
| Intellect Design Arena Ltd. | ₹543.75 | +7.77% |
| Zee Entertainment Enterprises Ltd. | ₹62.07 | −6.52% |
| Latent View Analytics Ltd. | ₹202.94 | −3.54% |
| Stock | Volume vs average | Change % |
|---|---|---|
| ITI Ltd. | 100.6x | +20.00% |
| Updater Services Ltd. | 49.8x | +4.94% |
| Affle 3i Ltd. | 21.9x | +9.27% |
| Motherson Sumi Wiring India Ltd. | 15.3x | +10.96% |
| Zen Technologies Ltd. | 15.2x | +9.47% |
The Money Side
Institutional activity remains a key driver of liquidity. Over the last five sessions, FIIs have been net buyers to the tune of +6,305 crore, while DIIs have contributed a net +3,110 crore. The most recent data from October 30 shows FIIs net buying at +3,598.54 crore, contrasting with net selling of −817.51 crore.
| 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 |
The Rest of the Day
Investors are tracking several corporate actions today. Eighteen Nifty 500 companies are holding board meetings to announce results, including ITC Ltd., Amara Raja Energy & Mobility Ltd., and Escorts Kubota Ltd. In the primary market, Vedant Poly Fabs Ltd. has opened for bidding, while Antala Industries Ltd. and Bombay Coated And Special Steels Ltd. conclude their bidding processes. Additionally, EAAA India Alternatives Ltd. lists on the exchanges today, and Colgate-Palmolive (India) Ltd. trades ex-dividend at ₹24 per share.
On the calendar today, Monday, 2 November
| Company | Also considering a dividend |
|---|---|
| Amara Raja Energy & Mobility Ltd. | Yes |
| Carborundum Universal Ltd. | — |
| Choice International Ltd. | — |
| Devyani International Ltd. | — |
| DOMS Industries Ltd. | — |
| Escorts Kubota Ltd. | — |
| Granules India Ltd. | — |
| ITC Ltd. | — |
| KEC International Ltd. | — |
| Marico Ltd. | — |
| National Aluminium Company Ltd. | Yes |
| NLC India Ltd. | Yes |
| Company | What happens |
|---|---|
| Vedant Poly Fabs Ltd.
Price band ₹88 to ₹94
| Opens for bidding |
| Antala Industries Ltd.
Price band ₹63 to ₹67
| Last day to bid |
| Bombay Coated And Special Steels Ltd.
Price band ₹78 to ₹82
| Last day to bid |
| EAAA India Alternatives Ltd.
Price band ₹1585 to ₹1665
| Lists on the exchanges |
| Company | Event | Detail |
|---|---|---|
| Colgate-Palmolive (India) Ltd. | dividend | ₹24 per share |
The data suggests a market characterized by strong sectoral rotation and heightened volatility as the session progresses.