The Nifty 50 opened at 23,283, marking a +1.00% gain compared to the previous close of 23,053.10. Early trade shows a decisive move upward, with the index building on the momentum observed over the last five sessions, which saw a cumulative gain of 2.00%.
The 60-Second Version
- Nifty 50 opened at 23,283, up +230 points.
- Nifty Bank started at 54,766, a gain of +0.14%.
- Nifty Midcap 100 opened at 57,498, rising +0.34%.
- India VIX remains steady at 15.30, showing no change from the previous session.
- Institutional flows show a net FII inflow of 6,305 crore over the last five sessions.
How the Market Opened
The Nifty 50 began the session at 23,283, sitting 0.40% below its 20-session high of 23,146.15. The Nifty Bank index opened at 54,766, reflecting a +0.14% increase, while the Nifty Midcap 100 index started at 57,498, up +0.34%. The India VIX, which measures market expectations of volatility, stands at 15.30, showing no movement on the day. These opening levels follow a trend where the Nifty 50 recorded two consecutive days of gains leading into this week.
| Index | Close | Change | Change % |
|---|---|---|---|
| NIFTY Midcap 100 | 57,498.00 | +196.75 | +0.34% |
| Nifty Bank | 54,766.00 | +79.05 | +0.14% |
| Nifty 50 | 23,283.00 | +229.90 | +1.00% |
Sectors at the Open
Sectoral performance is varied in the early minutes. Nifty Oil & Gas leads the pack with a +2.49% rise, followed by Nifty Infrastructure at +2.28% and Nifty Energy at +1.38%. Nifty CPSE is up +1.06%, while Nifty Auto follows with a +1.04% gain. Conversely, Nifty Realty is down −0.39%, and Nifty Media shows a decline of −0.55%.
| Sector index | Change % |
|---|---|
| Nifty Oil & Gas | +2.49% |
| Nifty Infrastructure | +2.28% |
| Nifty Energy | +1.38% |
| Nifty CPSE | +1.06% |
| Nifty Auto | +1.04% |
| Nifty Bank | +0.14% |
| Nifty Metal | +0.13% |
| Nifty FMCG | +0.06% |
| Nifty Realty | −0.39% |
| Nifty Media | −0.55% |
What Yesterday Left Behind
Institutional activity over the last five sessions has been characterized by net inflows. Foreign Institutional Investors (FIIs) recorded a net inflow of 6,305 crore, while Domestic Institutional Investors (DIIs) saw a net inflow of 3,110 crore. In the most recent session, FIIs were net sellers at −1,462.49 crore, while DIIs provided support with a net purchase of +2,609.57 crore. Regarding individual stocks, Reliance Industries Ltd., Bharti Airtel Ltd., and HDFC Bank Ltd. were identified as touching 52-week lows in the latest scan.
| 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 |
| Stock | Price | Change % |
|---|---|---|
| Reliance Industries Ltd. | ₹1,164.9 | +0.00% |
| Bharti Airtel Ltd. | ₹1,973.7 | +0.00% |
| HDFC Bank Ltd. | ₹692.8 | +0.00% |
What to Watch Today
Investors are monitoring several corporate developments today. Results are due for 18 Nifty 500 companies, including ITC Ltd., Amara Raja Energy & Mobility Ltd., and Granules India Ltd. In the primary market, the IPO for Vedant Poly Fabs Ltd. opens for bidding, while the issues for Antala Industries Ltd. and Bombay Coated And Special Steels Ltd. close today. Additionally, Colgate-Palmolive (India) Ltd. trades ex-dividend today with a payout of 24 per share. Over the next 30 minutes, market participants will likely monitor price stability at the 23,283 level for the Nifty 50 to gauge if the opening momentum sustains.
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 |
| Company | Event | Detail |
|---|---|---|
| Colgate-Palmolive (India) Ltd. | dividend | ₹24 per share |
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 |