The Nifty 50 index opened at 23,608.45 today, marking a gain of +168 points or +0.72% from its previous close of 23,440.80. This morning’s opening print reflects a continuation of the upward trajectory observed over the last five sessions, during which the index gained +3.02%.
The 60-Second Version
- The Nifty 50 index opened at 23,608.45, a rise of +0.72%.
- Nifty Bank outperformed, starting the day up +0.73% at 55,405.05.
- The Nifty Midcap 100 index added +0.66% to reach 58,364.55.
- India VIX remains steady at 15.50, indicating no change in expected market volatility.
- FIIs were net buyers in the last session with a net inflow of +4240.39 crore.
How the Market Opened
The broader market indices opened in positive territory across the board. The Nifty 50 began at 23,608.45, while the Nifty Bank index opened at 55,405.05, a gain of +403 points. The Nifty Midcap 100 started at 58,364.55, up +381 points. India VIX, which measures the market’s expectation of volatility over the next 30 days, is unchanged at 15.50.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 55,405.05 | +402.85 | +0.73% |
| Nifty 50 | 23,608.45 | +167.65 | +0.72% |
| NIFTY Midcap 100 | 58,364.55 | +381.15 | +0.66% |
Nifty 50: the bigger picture
| Measure | Value |
|---|---|
| Last 5 sessions | +3.02% |
| Last 20 sessions | +4.54% |
| 20-session high | 23,440.80 |
| 20-session low | 22,231.80 |
| Below the 20-session high | At the high |
| Current run | 3 sessions up in a row |
Sectors at the Open
Sectoral performance shows broad-based gains in the early minutes of trade. Nifty IT leads the pack with a gain of +1.09%, followed by Nifty Financial Services at +0.92% and Nifty FMCG at +0.91%. Other notable moves include Nifty Auto at +0.80% and Nifty Bank at +0.79%. Conversely, Nifty CPSE is trading marginally lower at −0.01%.
| Sector index | Change % |
|---|---|
| Nifty IT | +1.09% |
| Nifty Financial Services | +0.92% |
| Nifty FMCG | +0.91% |
| Nifty Auto | +0.80% |
| Nifty Bank | +0.79% |
| Nifty Healthcare Index | +0.13% |
| Nifty Infrastructure | +0.09% |
| Nifty Energy | +0.08% |
| Nifty Oil & Gas | +0.05% |
| Nifty CPSE | −0.01% |
What Yesterday Left Behind
Institutional participation has been a key driver in recent sessions. Foreign Institutional Investors (FIIs) have been net buyers in four of the last five sessions, contributing to a total five-day net inflow of +10,882 crore. Domestic Institutional Investors (DIIs) have shown a more cautious stance, recording a net inflow of +108 crore over the same five-day period.
| Session | FII net | DII net |
|---|---|---|
| 2 Nov | +3,115 | −392 |
| 30 Oct | +3,599 | −818 |
| 29 Oct | −944 | +1,924 |
| 28 Oct | +872 | +643 |
| 27 Oct | +4,240 | −1,250 |
| Last 5 sessions | +10,882 | +108 |
What to Watch Today
Market participants are tracking a busy calendar of corporate events today. Results are due for 33 Nifty 500 companies, including Bajaj Finserv Ltd., Bata India Ltd., and AIA Engineering Ltd. Several companies are trading ex-dividend today, including Infosys Ltd. at −26 per share and Gravita India Ltd. at −7.7 per share. Additionally, IPO bidding closes today for Johnsoncab Electricals Ltd., Vectras Enprocon Ltd., Maxwell Engineering Solutions Ltd., and HGS (India) Ltd., while BLS Polymers Ltd., SFC Environmental Technologies Ltd., and Wiscon Industries Ltd. are scheduled to list.
On the calendar today, 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 |
| BLS Polymers Ltd.
Price band ₹142 to ₹150
|
Lists on the exchanges |
| SFC Environmental Technologies Ltd.
Price band ₹313 to ₹330
|
Lists on the exchanges |
| Wiscon Industries Ltd.
Price band ₹194 to ₹204
|
Lists on the exchanges |
| 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 |
Investors will monitor whether the Nifty 50 can sustain its opening level of 23,582.25 as the first 30 minutes of trade progress.