The Nifty 50 surged to 23,318.55 as Reliance Industries powered the index higher. Meanwhile, banking and pharmaceutical stocks saw mild selling pressure.
The climbed +1.15% to close at 23,318.55 on Monday, driven by a strong performance in heavyweights. Reliance Industries stood out as the day’s primary catalyst, setting a positive tone for the wider market.
Nifty 50
23,318.55
+1.15% · +265.45 pts
Day range
23,212–23,361
Opened 23,222.30
India VIX
15.63
+2.12% on the day
Last 5 sessions
+2.00%
Nifty 50 change
The 60-Second Version
Nifty 50 gained +1.15%, while Nifty Bank rose +0.22%.
Reliance Industries surged +7.80% following a significant rise in quarterly consolidated net profit.
Max Healthcare reported a -16% fall in net profit, yet its stock price climbed +4.60%.
Adani Ports led the losers list with a decline of -1.25%.
India VIX rose by +2.12% to 15.63, reflecting a slight uptick in market volatility expectations.
Index levels, 2 November 2026
Index
Close
Change
Change %
Nifty Bank
54,808.70
+121.75
+0.22%
Nifty 50
23,318.55
+265.45
+1.15%
Reliance Dominates the Gainers
Reliance Industries led the pack, jumping +7.80% to ₹1255.8. The company reported a 41% rise in Q2 consolidated net profit, with total consolidated income increasing by 28.58% to ₹338,654 crore. Other notable gainers included Max Healthcare Institute at +4.60% and Tata Steel at +4.58%. The energy and infrastructure sectors showed particular strength, with Coal India and NTPC also featuring in the top ten.
The losers list was dominated by banking and insurance names. Adani Ports fell -1.25%, while ICICI Bank and Axis Bank saw declines of -0.92% and -0.68% respectively. Pharmaceutical companies also faced headwinds, with Sun Pharmaceutical Industries dropping -0.69%. Insurance players HDFC Life and SBI Life closed in the red, down -0.46% and -0.45% respectively.
Sector indices, 2 November 2026: the five best and five worst of 18
Sector index
Change %
Nifty Oil & Gas
+4.18%
Nifty Energy
+3.12%
Nifty Infrastructure
+2.62%
Nifty CPSE
+2.36%
Nifty Metal
+2.35%
Nifty Healthcare Index
+0.40%
Nifty Bank
+0.29%
Nifty IT
+0.08%
Nifty Pharma
+0.04%
Nifty Media
−0.60%
Beyond the List
Market activity was marked by significant volume in specific stocks. ITI Ltd. saw a massive volume shocker at 92.2x its 20-session average, climbing +17.90%. Conversely, Fintech hit a 52-week low, falling -6.30%. While Kotak Mahindra Bank and Divi’s Laboratories reached 52-week highs, Zee Entertainment Enterprises joined the list of stocks hitting 52-week lows with a -6.02% drop.
Touched a 52-week high (18 of 384 liquid stocks scanned)
Stock
Price
Change %
Kotak Mahindra Bank Ltd.
₹463.1
+0.32%
Coforge Ltd.
₹2,083.4
+1.88%
Divi’s Laboratories Ltd.
₹9,949
+1.73%
Ather Energy Ltd.
₹1,774.5
+1.05%
Eternal Ltd.
₹346
+0.68%
Touched a 52-week low (9 of 384)
Stock
Price
Change %
PB Fintech Ltd.
₹937.1
−6.30%
Muthoot Finance Ltd.
₹2,487.1
+3.26%
Intellect Design Arena Ltd.
₹537.6
+6.55%
Zee Entertainment Enterprises Ltd.
₹62.4
−6.02%
Latent View Analytics Ltd.
₹205.03
−2.55%
Heavy volume against the 20-session average
Stock
vs average
Change %
ITI Ltd.
92.2x
+17.90%
Affle 3i Ltd.
18.0x
+9.79%
Motherson Sumi Wiring India Ltd.
11.8x
+11.47%
Latent View Analytics Ltd.
9.8x
−2.55%
Zen Technologies Ltd.
9.0x
+13.15%
On the Calendar
Investors are monitoring upcoming results for 18 Nifty 500 companies, including ITC Ltd., Amara Raja Energy & Mobility, and Devyani International. The for Vedant Poly Fabs opens today, while Antala Industries and Bombay Coated And Special Steels close their bidding periods. Additionally, Colgate-Palmolive (India) trades ex-dividend today.
Stocks that hit a circuit limit
Stock
Side
Price
Change %
MTAR Technologies Ltd.
Lower
₹6,496.5
−4.99%
Atlanta Electricals Ltd.
Lower
₹1,430.3
−10.00%
Advit Jewels Ltd.
Lower
₹330.9
−5.00%
Onmobile Global Ltd.
Upper
₹52.11
+9.98%
KRN Heat Exchanger And Refrigeration Ltd.
Lower
₹1,089.9
−4.99%
Supreme Infrastructure India Ltd.
Upper
₹60.64
+9.99%
On the calendar today, Monday, 2 November
Results due on Monday, 2 November (12 of 18 shown)
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
IPOs on the calendar
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
Trading ex-date
Company
Event
Detail
Colgate-Palmolive (India) Ltd.
dividend
₹24 per share
The market breadth remains skewed toward gainers, signaling broad-based optimism despite specific sector-level corrections in banking and pharma.
