Indian Stock Market Today |Indian benchmark indices ended sharply higher on Monday, 2 November 2026, extending their winning streak to a third consecutive session. Strong buying in Reliance Industries, Energy, Metal and Auto stocks supported the rally, while easing crude oil prices improved investor sentiment.

The Nifty 50 surged 387.70 points, or 1.68%, to close at 23,440.80, while the Sensex jumped 1,233.25 points, or 1.66%, to settle at 75,692.78. Bank Nifty advanced 315.25 points, or 0.58%, to close at 55,002.20.

Energy (+3.92%) and Metal (+3.21%) led sectoral gains, followed by Consumer Durables (+2.70%) and Auto (+1.33%). However, IT (-0.50%) and Pharma (-0.07%) ended lower.

Reliance Industries, Tata Steel and JSW Steel emerged as the leading gainers, while Infosys, ICICI Bank and Dr. Reddy's Laboratories were among the major losers.

Strong quarterly earnings from Reliance Industries, cooling crude oil prices and optimism surrounding geopolitical developments helped lift the benchmarks. Nevertheless, selective weakness in IT and Pharma indicated uneven sectoral participation.

At the Closing Bell:

• Nifty 50: 23,440.80, up 387.70 points (+1.68%)
• BSE Sensex: 75,692.78, up 1,233.25 points (+1.66%)
• Bank Nifty: 55,002.20, up 315.25 points (+0.58%)

Why Did the Indian Stock Market Rise Today?

Energy Sector Leads the Market Rally

Energy surged 3.92%, emerging as the strongest-performing sector.

Reliance Industries jumped 11.60% following better-than-expected quarterly earnings, supported by strong refining margins and improved profitability in its oil-to-chemicals and telecom businesses.

Cooling international crude oil prices further improved sentiment towards energy-related stocks and supported the broader market rally.

Metal Sector Records Strong Gains

Metal advanced 3.21%, becoming the second-best-performing sector.

Tata Steel gained 5.83%, while JSW Steel rose 5.13%, reflecting strong buying interest in major steel companies.

The sector rebounded sharply as improving market sentiment supported commodity-linked stocks.

Consumer Durables Witnesses Strong Buying

Consumer Durables climbed 2.70%, outperforming the benchmark indices.

Buying interest in consumer discretionary stocks supported the sector's recovery, indicating improving risk appetite among investors.

Auto Sector Extends Recovery

Auto advanced 1.33%, supported by renewed buying across automobile counters.

The sector recovered from Friday's weakness as positive domestic market sentiment encouraged buying in auto stocks.

Realty Sector Ends Higher

Realty gained 1.03%, recovering from the previous session's decline.

Buying in real estate stocks supported the sector, although its gains remained below those of Energy and Metal.

FMCG Sector Records Moderate Gains

FMCG advanced 0.84%, reflecting improved demand for defensive consumer stocks.

The sector recovered from Friday's losses and contributed positively to the broader market.

Financial Services Ends Positive

Financial Services gained 0.76%, supported by selective buying in financial stocks.

Bank Nifty advanced 0.58% to 55,002.20, reclaiming the 55,000 level.

However, ICICI Bank declined 0.76%, limiting gains in the banking segment.

Pharma Sector Remains Under Pressure

Pharma slipped 0.07%, ending marginally lower despite the strong market rally.

Dr. Reddy's Laboratories fell 0.74%, reflecting selective selling in pharmaceutical stocks.

The sector remained largely flat as investors favoured Energy, Metal and other cyclical sectors.

IT Sector Emerges as the Biggest Loser

IT declined 0.50%, becoming the weakest-performing sector.

Infosys fell 2.03% to ₹1,161, reversing part of Friday's strong gains.

Profit booking in major technology stocks weighed on the sector, even as the broader benchmarks rallied sharply.

Market Overview – Sector & Stock Action Summary

Indian markets closed sharply higher on Monday, 2 November 2026, with Nifty gaining 1.68% and Sensex advancing 1.66%. Bank Nifty also rose 0.58%, reclaiming the 55,000 level.

Energy (+3.92%), Metal (+3.21%), Consumer Durables (+2.70%) and Auto (+1.33%) led the gains, while IT (-0.50%) and Pharma (-0.07%) ended lower.

Reliance Industries surged 11.60% following robust quarterly earnings, becoming the biggest gainer. Tata Steel and JSW Steel also recorded strong advances.

Infosys, ICICI Bank and Dr. Reddy's Laboratories were among the leading losers.

Easing crude oil prices and strong corporate earnings supported investor confidence. Brent crude retreated from elevated levels amid hopes of progress in geopolitical negotiations.

Overall, Monday's session reflected a strong market recovery led by index heavyweight Reliance Industries and broad buying across cyclical sectors, although weakness in IT and Pharma limited participation.

Key Sector Performance Snapshot

• Energy (+3.92%): Led gains as Reliance Industries surged following strong quarterly earnings.
• Metal (+3.21%): Advanced on strong buying in Tata Steel and JSW Steel.
• Consumer Durables (+2.70%): Outperformed amid renewed buying interest.
• Auto (+1.33%): Recovered as positive sentiment supported automobile stocks.
• Realty (+1.03%): Gained following the previous session's weakness.
• FMCG (+0.84%): Advanced on selective buying in consumer stocks.
• Financial Services (+0.76%): Ended higher as Bank Nifty reclaimed 55,000.
• Pharma (-0.07%): Slipped marginally amid selective selling.
• IT (-0.50%): Emerged as the weakest sector amid profit booking.

Overall, Energy and Metal led sectoral gains on 2 November 2026, while IT and Pharma remained the only major sectors in negative territory.

Top Gainers

- RELIANCE: +11.60% → Reliance Industries surged ₹135.10 to ₹1,300.00, emerging as the leading gainer. Strong quarterly earnings, including a reported 40.6% year-on-year rise in net profit, supported the rally.

- TATASTEEL: +5.83% → Tata Steel advanced ₹9.77 to ₹177.37. Strong buying in metal stocks helped the company outperform the broader market.

- JSWSTEEL: +5.13% → JSW Steel gained ₹63.90 to ₹1,309.90, benefiting from the broader Metal sector rally.

Top Losers

- INFY: -2.03% → Infosys declined ₹24.00 to ₹1,161.00, emerging as the biggest loser in the supplied snapshot. Profit booking weighed on the stock as the IT sector fell 0.50%.

- ICICIBANK: -0.76% → ICICI Bank slipped ₹10.60 to ₹1,387.40. Selling pressure in the banking heavyweight limited gains in Financial Services.

- DRREDDY: -0.74% → Dr. Reddy's Laboratories declined ₹10.00 to ₹1,342.00. Weakness in pharmaceutical stocks weighed on the counter, with the Pharma sector falling 0.07%.

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 169 points higher at 23,222 reached a high of 23,440 and closed at 23,440.

• Immediate Support: 23,300
• Immediate Resistance: 23,500

BANK NIFTY: Opened 151 points higher at 54,837, reached a high of 55,046 and closed at 55,002.

• Immediate Support: 54,800
• Immediate Resistance: 55,200

World Markets, Crude & Gold Prices – 2 November 2026

Global Equities

Global equity markets traded mixed on Monday, 2 November 2026, as easing crude oil prices and hopes of progress in US–Iran diplomatic negotiations supported sentiment. However, concerns over technology valuations, artificial intelligence spending and upcoming US midterm elections kept investors cautious.

Asian markets witnessed a mixed recovery. South Korea's Kospi gained approximately 2.2%, supported by buying in semiconductor stocks, while Japan's Nikkei declined around 0.3% amid continued pressure on technology companies. Hong Kong and mainland Chinese markets advanced.

European equities remained largely stable. Germany's DAX, the UK's FTSE 100 and France's CAC 40 showed limited movements as investors assessed corporate earnings, monetary policy expectations and geopolitical developments.

In the U.S., Wall Street ended sharply lower on Friday, 30 October. The Nasdaq Composite plunged 2.86%, the S&P 500 declined 1.82%, and the Dow Jones fell 1.09%. Heavy selling in technology stocks, including Intel and other AI-linked companies, weighed on benchmarks.

However, US stock futures recovered on Monday, with Nasdaq futures gaining approximately 0.7%, S&P 500 futures rising 0.4%, and Dow futures advancing 0.2%, supported by falling oil prices.

Market participants remained focused on:

• Federal Reserve policy and future interest-rate expectations
• Quarterly earnings from major US technology companies
• Artificial intelligence spending and semiconductor demand
• US–Iran negotiations and Middle East geopolitical tensions
• Falling crude oil prices and global inflation expectations
• US midterm elections scheduled for 3 November 2026

Overall, global sentiment improved modestly as declining crude oil prices supported risk appetite. However, technology-sector volatility, geopolitical uncertainty and upcoming US elections continued to keep investors cautious.

Crude Oil

BRENT CRUDE (USD/BBL)

$112.609

−$4.496 (−3.84%)

Brent crude traded around $112.61 per barrel, declining 3.84% in the latest supplied market snapshot.

Oil prices fell sharply on Monday as renewed hopes of diplomatic progress between the United States and Iran reduced concerns over potential supply disruptions in the Middle East.

Reports of negotiations involving Iranian and Qatari officials raised expectations of a possible agreement to ease tensions and restore shipping activity through the Strait of Hormuz.

The decline followed last week's elevated oil prices, when Brent had reached its highest level in approximately six months amid fears of renewed geopolitical escalation.

Investors also monitored OPEC+ production policies, global demand trends and developments ahead of the US midterm elections.

For India, falling crude prices offer some relief from inflationary pressures and import costs. Lower oil prices could benefit aviation, logistics, paints and other oil-dependent industries, while supporting the rupee and broader market sentiment.

Oil prices will continue to track:

• US–Iran diplomatic negotiations and Middle East tensions
• Strait of Hormuz shipping developments
• OPEC+ production decisions and global supply
• US crude inventories and international demand
• US midterm elections and geopolitical uncertainty

Overall, Brent crude declined 3.84% to approximately $112.61 per barrel as diplomatic optimism eased supply concerns. However, prices remained elevated, and geopolitical developments continued to influence the near-term outlook.

Gold Prices

GOLD SPOT – XAU/USD (USD/OZ)

$3,904.00

+$28.34 (+0.73%)

Gold traded around $3,904 per ounce, gaining 0.73% in the latest supplied market snapshot.

Gold prices recovered on Monday after suffering sharp losses in the previous session. Renewed buying interest and easing crude oil prices supported the precious metal.

The recovery followed Friday's steep decline, when gold fell approximately 3.7% amid changing interest-rate expectations and broad commodity-market volatility.

Lower oil prices provided some relief from inflation concerns, while investors purchased gold following its recent correction. However, the metal remained below the psychological $4,000 level.

Meanwhile, uncertainty surrounding US monetary policy, Treasury yields and dollar movements continued to influence gold prices.

Ongoing Middle East tensions and the upcoming US midterm elections also remained important factors, with geopolitical uncertainty potentially supporting safe-haven demand.

Investors monitored upcoming US economic data and Federal Reserve commentary for further indications of the interest-rate outlook.

Gold prices will continue to track:

• Federal Reserve policy and future rate expectations
• US inflation, employment and economic growth data
• Treasury yields and US dollar movements
• Middle East tensions and safe-haven demand
• US midterm elections and global market sentiment
• Central bank purchases and gold ETF flows

Overall, gold gained 0.73% to approximately $3,904 per ounce, recovering from Friday's sharp losses. Dip-buying and easing inflation concerns supported the rebound, although uncertainty over interest rates and geopolitical developments continued to influence the outlook.

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