Ticker > Discover > Market Update > Stock Market Today: Sensex Jumps 1,233 Points, Nifty at 23,441 as Reliance Surges 11.60% (2 November 2026)

Stock Market Today: Sensex Jumps 1,233 Points, Nifty at 23,441 as Reliance Surges 11.60% (2 November 2026)

Last updated on 2 Nov 2026 Wraps up in 19 minutes Read by 504

The Indian stock market ended sharply higher on Monday, 2 November 2026, with the BSE Sensex surging 1,233.25 points (1.66%) to 75,692.78 and the Nifty 50 gaining 387.70 points (1.68%) to close at 23,440.80. Strong buying in Reliance Industries following its Q2 FY27 results, falling crude oil prices and gains in metal, energy and automobile stocks supported the rally.

Reliance Industries emerged as the biggest Nifty gainer, rising 11.60%, while Tata Steel, JSW Steel, Coal India and Shriram Finance recorded substantial gains. However, weakness in Infosys, selected private banks and pharmaceutical stocks indicated uneven sectoral participation.

The broader market also recovered, with mid-cap and small-cap indices advancing. Meanwhile, IPO listings, ongoing Q2 FY27 earnings announcements and institutional investor activity remained important developments.

Investors can track benchmark indices, sector performance, top gainers, losers and active stocks through the Stock Market Dashboard.

Stock Market Today: Sensex, Nifty 50 and Market Closing Highlights

Indian benchmark indices extended their recovery for a third consecutive trading session. The Nifty 50 opened at 23,222.30 and closed at its intraday high of 23,440.80, reflecting sustained buying through the session.

Market indicator

2 November 2026

BSE Sensex

75,692.78

Sensex change

+1,233.25 (+1.66%)

Nifty 50

23,440.80

Nifty 50 change

+387.70 (+1.68%)

Nifty opening

23,222.30

Nifty intraday high

23,440.80

Nifty intraday low

23,207.05

Nifty advancing stocks

38

Nifty declining stocks

12

NSE overall advances

2,668

NSE overall declines

1,469

NSE unchanged stocks

162

Nifty Midcap index

Approximately +1%

Nifty Smallcap index

Approximately +0.7%

Market breadth was positive, with 38 of the 50 Nifty constituents closing higher. Across the NSE, advancing shares also significantly outnumbered declining stocks.

The improvement in mid-cap and small-cap shares was particularly notable because both segments had faced selling pressure in the previous session. However, large-cap stocks, especially Reliance Industries, remained the primary drivers of the benchmark gains.

Top Nifty 50 Gainers Today, 2 November 2026

Reliance Industries led the Nifty 50 gainers, followed by metal and energy companies. The sharp gains reflected buying interest in businesses benefiting from favourable earnings developments and commodity-related sentiment.

Stocks

Share Price and Change

Reliance Industries

₹1,300.00 (+11.60%)

Tata Steel

₹177.37 (+5.83%)

JSW Steel

₹1,309.90 (+5.13%)

Coal India

₹408.00 (+4.88%)

Shriram Finance

₹863.35 (+4.88%)

Reliance's rally followed its strong September-quarter earnings. Tata Steel and JSW Steel benefited from renewed interest in metal stocks, while Coal India participated in the broader energy-sector advance.

Shriram Finance recovered after declining in the previous trading session. The combination of earnings-led gains and cyclical buying supported the Nifty's advance.

Nifty 50 Gainers Today, 2th November 2026 | Finology Ticker

Top Nifty 50 Losers Today, 2 November 2026

Despite the strong benchmark performance, selected IT, pharmaceutical and private banking stocks remained under pressure.

Stocks

Share Price and Change

Infosys

₹1,161.00 (-2.03%)

ICICI Bank

₹1,387.40 (-0.76%)

Dr Reddy's Laboratories

₹1,342.00 (-0.74%)

HDFC Life, Kotak Mahindra Bank and Axis Bank also appeared among the declining stocks. A separate HDFC SKY afternoon screen recorded declines of approximately 0.90%, 0.84% and 0.82%, respectively. These snapshot figures differ from some other closing-price feeds.

Infosys' weakness contrasted with gains in energy and metal stocks. Meanwhile, the relative underperformance of private banks showed that buying interest was not uniform across the financial sector.

Nifty 50 Losers Today, 2th November 2026 | Finology Ticker

Source: Finology Ticker Nifty 50.

Stock Market Sector-Wise Performance Today

Energy, metals, consumer durables and automobiles attracted buying interest on 2 November. In contrast, IT, pharmaceuticals and media remained comparatively weak.

The following figures are from an intraday sectoral snapshot at approximately 12:35 pm. They are not final NSE sectoral closing returns.

Nifty sector index

Intraday change

Nifty Oil & Gas

+4.15%

Nifty Consumer Durables

+2.69%

Nifty Metal

+2.29%

Nifty Auto

+1.35%

Nifty PSU Bank

+1.18%

Nifty Realty

+0.85%

Nifty Bank

+0.35%

Nifty FMCG

+0.20%

Nifty Private Bank

−0.25%

Nifty Pharma

−0.26%

Nifty Media

−0.38%

Nifty IT

−0.44%

Why did energy and metal stocks outperform?

Oil and gas stocks benefited from the rally in Reliance Industries and improved sentiment towards downstream energy businesses following lower crude prices.

Metal stocks, including Tata Steel and JSW Steel, advanced as investors showed renewed interest in cyclical sectors. However, the sustainability of earnings growth in these companies will depend on steel realisations, raw-material costs, domestic demand and international commodity prices.

PSU banking stocks also attracted buying interest, while private banks showed comparatively weaker performance. Credit growth, deposit costs and asset quality remain important factors for the banking sector.

Automobile stocks benefited from positive cyclical sentiment. Investors will continue to assess monthly vehicle sales, festive demand, inventory levels and operating margins.

Want to compare stocks across industries? Check the Sector Wise Stocks List.

Why Did the Indian Stock Market Rise Today?

The Sensex's 1,233-point rally was driven by a combination of company-specific earnings, softer crude oil prices and buying across several cyclical sectors.

1. Reliance Industries' Q2 FY27 results supported sentiment

Reliance Industries reported stronger profitability for the September 2026 quarter, supported by its oil-to-chemicals and digital-services operations.

The company's profit attributable to shareholders increased 40.6% year-on-year to ₹25,548 crore. Its broader consolidated profit, including the share of associates and joint ventures, rose 33.8% to ₹29,550 crore.

These are two different profit measures and should not be confused.

2. Falling crude oil prices improved market sentiment

Brent crude declined from approximately $117.64 per barrel on 30 October to around $110.29 on 2 November.

Reports of diplomatic negotiations concerning the conflict involving Iran contributed to expectations of easing geopolitical tensions.

Lower crude prices are significant for India because imported energy is an important component of the country's trade bill. A sustained decline can help reduce imported inflation and improve costs for certain energy-consuming industries.

However, Brent crude remained above $100 per barrel, suggesting that energy-related risks had not disappeared.

3. Buying extended to mid-cap and small-cap stocks

The Nifty Midcap index gained approximately 1%, while the Smallcap index advanced around 0.7%.

This represented an improvement from the previous trading session, when smaller companies had underperformed despite gains in benchmark indices.

4. Cyclical sectors strengthened

Metals, energy, automobiles and public-sector banking shares attracted buying interest.

This sectoral performance helped support the overall market recovery, although continued weakness in technology and selected financial stocks restricted uniform participation.

Reliance Industries Q2 FY27 Results: Why Did the Share Price Surge 11.60%?

Reliance Industries was the most important stock-specific development on 2 November.

The stock climbed to ₹1,300 in the NSE closing snapshot, gaining 11.60%. It also recorded substantial trading activity as investors reacted to the company's quarterly performance.

Reliance Industries Q2 FY27 financial performance

Financial indicator

Q2 FY27

Gross revenue

₹3,62,268 crore

Revenue from operations

₹3,32,861 crore

Consolidated EBITDA

₹62,409 crore

EBITDA growth YoY

+23.9%

Consolidated profit including associates and JVs

₹29,550 crore

Consolidated profit growth YoY

+33.8%

Profit attributable to shareholders

₹25,548 crore

Shareholders' profit growth YoY

+40.6%

Oil-to-chemicals EBITDA

₹25,203 crore

Oil-to-chemicals EBITDA growth YoY

+67.9%

The oil-to-chemicals business delivered particularly strong growth, supported by improved refining and petrochemical profitability.

Digital services also contributed to overall earnings growth, while the company continued investing across its businesses.

Reliance recorded turnover of approximately ₹9,689.52 crore in HDFC SKY's afternoon market snapshot, indicating substantial trading participation.

What should Reliance investors monitor?

Investors should examine whether the improvement in profitability can continue beyond the September quarter.

Important factors include refining margins, petrochemical spreads, retail EBITDA, digital-services growth, capital expenditure and net debt.

The distinction between consolidated profit and profit attributable to shareholders is also important when comparing earnings and calculating valuation multiples.

Read the Reliance Industries Q2 FY27 Results Analysis for a detailed breakdown of its quarterly performance.

Other Important Stocks in the News Today

Several companies attracted attention because of quarterly results, operational updates and sector-specific developments.

Company

Key development

Tata Steel

Shares gained 5.83% amid metal-sector buying

JSW Steel

Shares advanced 5.13%

Coal India

Benefited from energy-sector interest

Shriram Finance

Recovered after the previous session's decline

Delhivery

Attracted attention following a return to quarterly profitability

Bank of Baroda

In focus after operational results and an improved FY27 growth outlook

Infosys

Declined amid IT-sector weakness

Jio Platforms

Attracted attention following its first quarterly results after listing

Jio Platforms Q2 FY27 results after IPO listing

Jio Platforms remained in focus following its stock market debut on 28 October 2026.

The company reported its first quarterly results after listing, with revenue growth supported by subscriber additions, higher average revenue per user (ARPU) and digital-services expansion.

Financial indicator

Q2 FY27

Revenue from operations

₹40,475 crore

Revenue growth YoY

+11.4%

EBITDA

₹21,879 crore

EBITDA growth YoY

+16.6%

EBITDA margin

54.1%

Consolidated PAT

₹8,387 crore

PAT growth YoY

+13.7%

Jio's EBITDA margin improved by 250 basis points year-on-year, reflecting operating leverage and stronger revenue.

However, higher finance costs following the capitalisation of 5G assets restricted net profit growth.

On 2 November, Jio Platforms shares opened at ₹1,465 against the previous closing price of approximately ₹1,431 and touched an intraday high of ₹1,475. These figures represent intraday trading levels rather than the final closing price.

For investors, subscriber additions, ARPU, 5G monetisation, capital expenditure and free cash flow remain the major operating indicators to track.

Read the Jio Platforms Q2 FY27 Results Analysis for more details on its quarterly performance.

Most Active Stocks by Trading Value Today

Reliance Industries dominated trading activity during the session, supported by its sharp share-price advance.

According to HDFC SKY's 3:30 pm snapshot, Reliance recorded turnover of approximately ₹9,689.52 crore. Infosys also recorded significant turnover of around ₹1,445.20 crore in the same report.

Other stocks appearing on intraday high-trading-value screens included Dixon Technologies, Bharti Airtel, HDFC Bank, Welspun Living, Delhivery, Kotak Mahindra Bank, Engineers India and Zen Technologies.

These stocks are examples of actively traded shares during the session, not a verified final NSE top-ten turnover ranking.

High trading turnover indicates substantial market participation but does not independently establish whether investors were accumulating or selling shares.

Stocks at 52-Week Highs and Lows on 2 November 2026

Several stocks appeared on 52-week-high screening lists, including companies from information technology, healthcare, automobiles and consumer businesses.

Stock

Reported 52-week high

Coforge

₹2,112.20

Sona BLW Precision Forgings

₹911.25

Divi's Laboratories

₹9,990.00

Nykaa (FSN E-Commerce Ventures)

₹356.50

Ather Energy

₹1,790.00

Piramal Pharma

₹243.20

These figures represent 52-week-high reference prices, not closing prices.

The presence of IT and pharmaceutical companies on these screens also shows why individual stock performance should be distinguished from overall sector performance.

A complete exchange-verified list of fresh 52-week lows was not established from the available data. Therefore, individual stocks have not been classified as confirmed new 52-week lows.

Want to track stocks near their yearly price extremes? Check the 52 Week High and 52 Week Low lists.

FII and DII Data Today, 2 November 2026

Institutional investment flows remained an important indicator following the market's sharp recovery.

A secondary market-data provider reported the following provisional foreign institutional investor (FII) and domestic institutional investor (DII) activity for 2 November.

Institutional Activity

FII and DII

Gross purchases

FII: ₹12,075 crore;
II: ₹7,127 crore

Gross sales

FII: ₹9,987 crore;
DII: ₹6,541 crore

Reported net activity

FII: +₹2,088 crore;
DII: +₹586 crore

These 2 November figures remain unverified against the official NSE cash-market report. Differences between historical figures on this provider and other NSE-linked datasets mean they should not be presented as confirmed institutional flows.

FII and DII activity in previous sessions

The following previous-session figures provide context for recent institutional participation.

Date

FII and DII Net Flow

30 October

FII: +₹3,598.54 crore;
DII: −₹817.51 crore

29 October

FII: −₹943.60 crore;
DII: +₹1,924.41 crore

28 October

FII: +₹871.83 crore;
DII: +₹643.35 crore

27 October

FII: +₹4,240.39 crore;
DII: −₹1,250.03 crore

Foreign investors were net buyers on 30 October, while domestic institutions were net sellers.

For investors, sustained institutional buying over several sessions would provide more useful information about capital flows than a single day's activity.

IPO News Today, 2 November 2026: Listings, Subscription and Upcoming IPOs

India's primary market remained active on Monday, with EAAA India Alternatives making its stock market debut, Bombay Coated & Special Steels closing for subscription and HGS (India) continuing to accept bids.

EAAA India Alternatives IPO listing

EAAA India Alternatives listed on 2 November at ₹1,675.50, compared with its issue price of ₹1,665.

The listing represented a modest premium of approximately 0.63%.

IPO parameter

Details

Issue size

₹1,200 crore

Issue price

₹1,665

Listing price

₹1,675.50

Listing premium

0.63%

Issue structure

Entirely offer for sale

Listing date

2 November 2026

The IPO attracted overall subscription of approximately 5.25 times according to the final subscription data reported by The Economic Times. Some secondary trackers reported 5.51 times, reflecting differences across published datasets.

Because the IPO was entirely an offer for sale (OFS), the proceeds went to selling shareholders rather than providing fresh capital to the company.

The modest listing premium also illustrated that subscription demand does not necessarily translate into substantial listing-day gains.

Bombay Coated & Special Steels IPO closes today

The ₹183.06 crore Bombay Coated & Special Steels IPO concluded its bidding period on 2 November 2026.

IPO detail

Value

Issue size

₹183.06 crore

Price band

₹78–82

Lot size

182 shares

Minimum retail application

₹14,924

IPO opening date

29 October 2026

IPO closing date

2 November 2026

Expected allotment

3 November 2026

Expected listing

5 November 2026

A secondary subscription tracker reported total demand of 59.95 times on the final bidding day.

Within this, non-institutional investors subscribed approximately 163.43 times, retail investors 29.06 times and qualified institutional buyers 36.91 times. These figures should be reconciled with the final exchange bid book.

The strong non-institutional subscription suggested considerable demand from that investor category. However, subscription multiples alone cannot establish the company's post-listing valuation or future returns.

HGS (India) SME IPO subscription update

HGS (India), a specialised manufacturer of seismic and geophysical equipment, continued accepting IPO applications on 2 November.

IPO detail

Value

Issue size

Approximately ₹34.56 crore

Price band

₹114–120

Opening date

30 October 2026

Closing date

3 November 2026

Expected listing

6 November 2026

Reported overall subscription at 2:48 pm

13.07 times

Individual investor subscription

16.98 times

Non-institutional subscription

14.38 times

Institutional subscription

4.88 times

The subscription figures represent an intraday secondary-market update, not the final bid book.

Investors assessing the IPO should examine the company's revenue concentration, export dependence, profitability, working-capital requirements and intended use of IPO proceeds.

Upcoming IPO listings in November 2026

Several recently closed IPOs are expected to list during the first week of November.

IPO

Scheduled listing date

BLS Polymers

3 November 2026

SFC Environmental Technologies

3 November 2026

M.K. Sons Fine Jewels

4 November 2026

Bombay Coated & Special Steels

5 November 2026

Looking for upcoming listings? Check the latest IPO updates.

Q2 FY27 Results Today: Companies Reporting on 2 November 2026

The September-quarter earnings season continued to influence investor sentiment.

Companies including ITC, Marico, Petronet LNG, Escorts Kubota and several industrial businesses had financial-results meetings scheduled for 2 November.

Important Q2 FY27 results to watch

Company

Key indicators for investors

ITC

Cigarette volumes, FMCG margins, paperboards and agri-business

Marico

Domestic volume growth, Parachute and Saffola demand, input costs

Petronet LNG

LNG throughput, terminal utilisation and margins

Container Corporation

Freight volumes, logistics demand and profitability

National Aluminium Company

Aluminium prices, alumina production and energy costs

UPL

Crop-protection demand, EBITDA margins and debt

Escorts Kubota

Tractor sales, construction equipment and margins

Carborundum Universal

Industrial demand, exports and profitability

Gujarat State Fertilizers & Chemicals

Fertiliser demand, realisations and input costs

Gujarat Narmada Valley Fertilizers & Chemicals

Chemical and fertiliser segment profitability

The NSE corporate-event calendar includes scheduled results meetings for several of these companies. A scheduled board meeting should not be interpreted as confirmation that financial results have already been announced.

Major Q2 FY27 results expected later this week

Date

Companies to watch

3 November

State Bank of India, Bajaj Finserv

4 November

Apollo Hospitals

5 November

Mahindra & Mahindra, Titan, ONGC, Bharti Airtel

6 November

Hindalco Industries

Investors should verify the latest corporate announcements for any changes to the scheduled dates.

The results of SBI and other large banks could provide insights into credit growth, deposit costs, net interest margins and asset quality.

Meanwhile, results from Titan, Mahindra & Mahindra and Bharti Airtel could influence sentiment across consumer, automobile and telecom stocks.

Global Market News: Crude Oil, Rupee and Geopolitical Developments

Global developments remained significant for Indian equities, particularly because of the volatility in international crude oil prices.

Crude oil and currency snapshot

Indicator

Reported value

Brent crude, 30 October

$117.64/barrel

Brent crude, 2 November

Approximately $110.29/barrel

WTI crude, 2 November

Approximately $100.78/barrel

USD/INR reference snapshot

₹94.95

Reported rupee closing level

Approximately ₹94.90 per dollar

Why does falling crude oil matter for the Indian market?

Lower crude oil prices can improve the outlook for India's economy through reduced energy import costs.

For fuel-consuming businesses, lower crude or refined-product prices may improve operating costs, depending on pricing arrangements and the timing of cost changes.

However, some upstream energy producers may face weaker realisations if crude prices decline.

Therefore, the impact of oil-price movements differs significantly across businesses.

Geopolitical and global economic developments

Diplomatic discussions involving Iran and Qatar contributed to expectations of reduced tensions around the Strait of Hormuz.

At the same time, investors continued monitoring international manufacturing activity, US monetary-policy expectations and other global economic developments.

These factors could influence crude oil prices, currency movements and foreign investment flows in emerging markets.

What Investors Should Track After the 2 November Market Rally

The sharp gains in Sensex and Nifty were significant, but future market performance will depend on earnings growth, institutional participation and external economic conditions.

  1. Nifty 50 above 23,400: Monitor whether the index can sustain its gains and whether participation expands beyond heavyweight stocks. The 23,400 level is a recent closing reference, not a guaranteed support level.

  2. Reliance Industries' earnings: Track refining spreads, petrochemical profitability, retail performance and digital-services growth to assess the sustainability of its earnings improvement.

  3. Private banks versus PSU banks: Monitor credit growth, deposit costs, net interest margins and asset quality to understand the divergence within banking stocks.

  4. FII and DII activity: Verify institutional flows against official NSE data and observe whether foreign buying continues.

  5. Crude oil and the rupee: Track whether the decline in crude prices continues and whether currency movements affect India's import costs.

  6. Upcoming Q2 FY27 results: SBI, Titan, M&M, Bharti Airtel and other companies could influence sector-specific movements.

  7. IPO subscription and listings: Monitor BLS Polymers, SFC Environmental, Bombay Coated and HGS (India) for final exchange-confirmed data and listing developments.

  8. Mid-cap and small-cap participation: Assess whether the recovery continues alongside improving earnings and reasonable valuations.

Key Risks After Today's Stock Market Rally

Despite the positive closing, several risks remain relevant for investors.

Reliance's significant contribution: The sharp increase in Reliance Industries supported benchmark performance. A reversal in a heavyweight stock can influence index movements even when other companies remain comparatively stable.

Commodity-price volatility: Brent crude continued trading above $100 per barrel despite the decline. Renewed geopolitical concerns could reverse the recent improvement.

Earnings expectations: Strong quarterly results do not automatically imply further share-price gains, particularly if investors have already priced in the improvement.

Weakness in selected sectors: The underperformance of IT, pharmaceutical and private banking stocks demonstrated that buying interest remained selective.

Valuation and liquidity risks: Mid-cap and small-cap recoveries require support from business performance. Short-term price gains can be difficult to sustain without corresponding earnings growth.

Upcoming Stock Market Holidays in November 2026

Investors should also account for the special trading arrangements during Diwali week.

According to the NSE's official 2026 holiday calendar, Muhurat Trading is scheduled for Sunday, 8 November 2026, on the occasion of Diwali Laxmi Pujan.

Tuesday, 10 November 2026, is an exchange trading holiday for Diwali-Balipratipada. The timings for Muhurat Trading are subject to the relevant exchange circular.

Stock Market Today: Conclusion

The Indian stock market began November with a strong recovery as the Sensex advanced 1,233.25 points to 75,692.78 and the Nifty 50 closed at 23,440.80.

Reliance Industries' earnings-led rally was the biggest individual development, while gains in metals, energy, automobiles and PSU banking supported the broader market.

The improvement in market breadth and recovery in smaller stocks were positive features. Nevertheless, weakness in selected sectors, elevated crude oil prices and upcoming corporate results remain important variables.

For investors, the next indication of market strength will be whether earnings growth, institutional flows and broader participation continue to support the recovery.

Frequently Asked Questions (FAQs)

1. Why did the Indian stock market rise on 2 November 2026?

The Indian stock market rose on 2 November 2026 because of strong buying in Reliance Industries following its Q2 FY27 results, declining international crude oil prices and gains in metal, energy and automobile stocks. Positive market breadth and a recovery in mid-cap and small-cap shares also supported the rally.

2. What were the Sensex and Nifty closing prices on 2 November 2026?

The BSE Sensex closed at 75,692.78, gaining 1,233.25 points or 1.66%. The NSE Nifty 50 closed at 23,440.80, rising 387.70 points or 1.68%. Both benchmark indices recorded strong gains during Monday's trading session.

3. Which stocks were the top gainers and losers today?

Reliance Industries was the biggest Nifty 50 gainer on 2 November 2026, rising 11.60%. Tata Steel, JSW Steel, Coal India and Shriram Finance were the other leading gainers. Infosys, ICICI Bank and Dr Reddy's Laboratories were among the declining stocks.

4. Why did Reliance Industries shares rise 11.60% today?

Reliance Industries shares rose following strong Q2 FY27 results. Consolidated profit attributable to shareholders increased 40.6% year-on-year to ₹25,548 crore, while consolidated EBITDA grew 23.9% to ₹62,409 crore. Strong performance in the oil-to-chemicals business, particularly refining and petrochemicals, supported investor sentiment.

5. Which IPOs and quarterly results should investors track in November 2026?

Important IPO events include the listings of BLS Polymers and SFC Environmental Technologies on 3 November, M.K. Sons Fine Jewels on 4 November and Bombay Coated & Special Steels on 5 November. Key Q2 FY27 earnings to monitor include SBI, Bajaj Finserv, Apollo Hospitals, Titan, Mahindra & Mahindra, Bharti Airtel and Hindalco, according to the reported schedules.

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