The Nifty 50 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.

Top gainers
Stock Price Change %
Reliance Industries Ltd. ₹1,255.8 +7.80%
Max Healthcare Institute Ltd. ₹899.55 +4.60%
Tata Steel Ltd. ₹175.28 +4.58%
Shriram Finance Ltd. ₹860.6 +4.55%
Coal India Ltd. ₹406 +4.37%
JIO Financial Services Ltd. ₹212.84 +4.08%
Maruti Suzuki India Ltd. ₹11,725 +2.88%
Tata Motors Passenger Vehicles Ltd. ₹272.7 +2.75%
NTPC Ltd. ₹324.75 +2.69%
Bharat Petroleum Corporation Ltd. ₹291.95 +2.47%
Top losers
Stock Price Change %
Adani Ports and Special Economic Zone Ltd. ₹1,826.8 −1.25%
ICICI Bank Ltd. ₹1,385.2 −0.92%
Infosys Ltd. ₹1,174.2 −0.91%
Sun Pharmaceutical Industries Ltd. ₹1,765.5 −0.69%
Axis Bank Ltd. ₹1,208.7 −0.68%
Eicher Motors Ltd. ₹7,176.5 −0.60%
Trent Ltd. ₹3,001 −0.54%
Hero MotoCorp Ltd. ₹5,142 −0.48%
HDFC Life Insurance Company Ltd. ₹522.5 −0.46%
SBI Life Insurance Company Ltd. ₹1,651.1 −0.45%

Banking and Pharma Stocks Under Pressure

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, PB 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 Volume 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 IPO 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.

Nifty 50: the bigger picture

Nifty 50 over recent sessions, to 30 Oct
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