Nifty closed at 23,053 as institutional investors turned net buyers. Markets eye key corporate earnings and upcoming IPOs in the week ahead.
The concluded the final session of October on a positive note, gaining +0.51% to settle at 23,053.10. This performance reflects a broader resilience in domestic markets as institutional activity picked up momentum heading into the new month, with foreign investors showing renewed interest in Indian equities.
The 60-Second Version
Nifty 50 ended at 23,053.10 (+0.51%).
(FIIs) were net buyers of ₹3,599 crore on Friday.
Nifty IT led sectoral gains with a rise of +2.32%.
Eighteen Nifty 500 companies, including ITC Ltd., are scheduled to report earnings today.
Three IPOs are active in the market, with Vedant Poly Fabs Ltd. opening for bidding today.
Market Snapshot
The Nifty 50 has shown a steady upward trajectory, posting a +2.00% gain over the last five sessions. The index currently trades just 0.40% below its 20-session high of 23,146.15, signaling sustained buyer interest. The India VIX, which measures market volatility, remains a key watch point for traders as the market navigates the ongoing earnings season.
Index
Last
NIFTY 50
23,053.10 (+0.51%)
BANK NIFTY
54,686.95 (-0.41%)
NIFTY MIDCAP
57,301.25 (-0.93%)
Where the Money is Flowing
Institutional flows turned decisively positive on Friday. FIIs recorded a net inflow of ₹3,599 crore, providing a significant boost to market sentiment, while (DIIs) saw a net outflow of ₹818 crore. This shift in FII behavior is a notable departure from the previous session’s net selling, suggesting that global investors are recalibrating their positions in Indian markets.
Date
FII Net
DII Net
30-Oct-2026
+3,598.54
-817.51
29-Oct-2026
-943.60
+1,924.41
28-Oct-2026
+871.83
+643.35
Sectors and Movers
The IT sector was the standout performer, buoyed by strong buying in major technology stocks. Conversely, the PSU Bank and Auto sectors faced selling pressure during the session, reflecting a rotation of capital as investors reassess sector-specific growth prospects. Trent Ltd. and Interglobe Aviation Ltd. were among the top gainers, while Shriram Finance and Nestle India saw notable declines.
India’s economic momentum remains robust, with the Finance Ministry projecting strong GDP growth for the second quarter of the current fiscal year. The International Monetary Fund (IMF) has suggested that exchange rate flexibility is a preferred policy response to manage energy-related shocks, emphasizing the importance of price stability. Meanwhile, Commerce and Industry Minister Piyush Goyal continues to focus on strengthening trade ties, recently discussing investment opportunities under the India-EFTA partnership.
Companies, Results and IPOs
Max Healthcare Institute reported a 16% decline in Q2 consolidated net profit, despite a 20.37% increase in total income.
Sun Pharma saw its consolidated net profit fall by 36% for the second quarter, even as total income grew by 11.83%.
Welspun Corp has received board approval for a $125 million investment to expand its pipe manufacturing facilities in Jordan.
Vedant Poly Fabs Ltd. opens for subscription today with a price band of ₹88 to ₹94.
Antala Industries Ltd. and Bombay Coated And Special Steels Ltd. close their bidding processes today.
Today on the Calendar
The corporate results season continues today with 18 Nifty 500 companies holding board meetings. Notable names include ITC Ltd., Escorts Kubota Ltd., and Granules India Ltd. Additionally, Colgate-Palmolive (India) Ltd. trades ex-dividend today, with a payout of ₹24 per share.
The significant net buying by FIIs on Friday suggests a renewed appetite for Indian equities, which may provide a cushion for the markets as they navigate the busy earnings week ahead.
Nifty 50
23,053.10
+0.51% · +116.35 pts
Last 5 sessions
+2.00%
Nifty 50 change
Index closing levels, previous session, 1 November 2026
