Pre-Market Brief: Nifty 50 Closes at 23,440 as Institutional Buying Powers Recent Market Rally | 03 Nov 2026, 08:00 AM IST
Key Highlights
The Nifty 50 finished at 23,440.80 as FIIs injected over ₹10,000 crore recently. Investors now look to today’s corporate results and active IPO listings.
Based on 02 November 2026 closing prices, the concluded the session at 23,440.80, marking a significant move of +388 points or +1.68%. This performance cements a robust streak for the index, which has now posted gains for three consecutive sessions.
The 60-Second Version
- The Nifty 50 climbed +1.68% to close at 23,440.80.
- The Nifty Bank index recorded a gain of +0.58%, settling at 55,002.20.
- (FIIs) remained active buyers with a net inflow of ₹3,114.68 crore in the last session.
- Reliance Industries Ltd. led the gains among top movers, surging +11.60%.
- Thirty-three Nifty 500 companies are scheduled to hold board meetings for results today.
How Yesterday Ended
The Nifty 50 closed at 23,440.80, a level that represents the 20-session high. The index has shown strong momentum, rising +3.02% over the last five sessions and +4.54% over the last 20 sessions. The recent range has been defined by a 20-session low of 22,231.80, indicating a clear upward trajectory as the index tests the upper bounds of its recent movement.
| Index | Close | Change | Change % |
|---|---|---|---|
| Nifty Bank | 55,002.20 | +315.25 | +0.58% |
| Nifty 50 | 23,440.80 | +387.70 | +1.68% |
| NIFTY Midcap 100 | 57,983.40 | +682.15 | +1.19% |
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 |
The Money Trail
Institutional participation remains a key driver for current market sentiment. FIIs have been consistent buyers, contributing to a net inflow of ₹10,882 crore over the last five trading sessions. In the most recent session, FIIs added ₹3,114.68 crore, while (DIIs) recorded a net outflow of ₹392.2 crore.
| 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 |
Stocks in Focus
Market breadth favored the upside, with Reliance Industries Ltd. emerging as the top performer, rallying +11.60% to reach ₹1300. Tata Steel Ltd. followed with a gain of +5.83%, while JSW Steel Ltd. climbed +5.13%. Conversely, Infosys Ltd. faced selling pressure, declining −2.03% to ₹1161, and ICICI Bank Ltd. dropped −0.76%.
| Stock | Price | Change % |
|---|---|---|
| Reliance Industries Ltd. | ₹1,300 | +11.60% |
| Tata Steel Ltd. | ₹177.37 | +5.83% |
| JSW Steel Ltd. | ₹1,309.9 | +5.13% |
| Coal India Ltd. | ₹408 | +4.88% |
| Shriram Finance Ltd. | ₹863.35 | +4.88% |
| Stock | Price | Change % |
|---|---|---|
| Infosys Ltd. | ₹1,161 | −2.03% |
| ICICI Bank Ltd. | ₹1,387.4 | −0.76% |
| Dr. Reddy’s Laboratories Ltd. | ₹1,342 | −0.74% |
| Kotak Mahindra Bank Ltd. | ₹458.35 | −0.70% |
| Axis Bank Ltd. | ₹1,209 | −0.66% |
Sectors to Watch
Sectoral performance was largely positive, reflecting broad-based buying. While specific sector indices were not detailed beyond their individual movements, the overall trend suggests sustained interest in heavyweights. It is important to monitor how these sectors react to the upcoming corporate earnings announcements throughout the trading day.
| Sector index | Change % |
|---|---|
| +1.36% | |
| +1.33% | |
| +1.03% | |
| +0.84% | |
| +0.76% | |
| −0.07% | |
| −0.50% |
Today on the Calendar
The calendar is packed with corporate activity today, Tuesday, 3 November. Results are expected from 33 Nifty 500 companies, including Bajaj Finserv Ltd., Bata India Ltd., and AIA Engineering Ltd. Additionally, several IPOs are closing for bidding, including Johnsoncab Electricals Ltd., Vectras Enprocon Ltd., Maxwell Engineering Solutions Ltd., and HGS (India) Ltd. Investors should also note that today is the ex-date for dividends from Infosys Ltd., Gravita India Ltd., Mazagon Dock Shipbuilders Ltd., and RR Kabel Ltd.
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 |
At the 9:15 open, traders will likely observe whether the Nifty 50 can sustain its position at the 20-session high of 23,440.80 amidst the influx of corporate results and listings.