Post-market
02 NOV 2026 · 16:00 IST
Nifty 50 closed at 23,440.80, up 1.68%; Textiles leads, Insurance lags
The benchmarks closed higher. Levels and sector moves for the session are shown below.
Nifty 50
23,440.8
+1.68%
Close, 02 NOV 2026
Bank Nifty
55,002.2
+0.58%
Close, 02 NOV 2026
Sensex
75,692.78
+1.66%
Close, 02 NOV 2026
The session
The Nifty 50 rose 1.68%. The Nifty 50 is 11.0% below its 52-week high.
Foreign institutions were net buyers of ₹3,599 crore in the cash market on 30 October, and domestic institutions net sellers of ₹818 crore. Foreign buying met domestic selling, a turn worth watching after the long run of the opposite pattern. Over the last 5 sessions foreign institutions were net buyers of ₹6,305 crore.
Key drivers
Market breadth
24 of 25 sectors advanced. The move was broad, with gains spread across most of the market rather than concentrated in a few sectors. Textiles led and Insurance lagged, a spread of 5.3 points between the two ends of the market.
Currency, commodities & rates
Currency, commodities and rates
- USD/INR: 94.90, rupee firmer by 0.27% on the session
- India VIX: 15.50 (+1.3%)
- Gold (rupee terms): -2.34% on the session, -3.1% over five sessions
Key drivers
Markets
- Sebi backs removal of LTCG tax for foreign investors: Report. To boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax for foreign investors and extend tax relief to mutual fund investors. (Economic Times Markets)
- Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp. Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. (Economic Times Markets)
- Nifty IT’s 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva. Nifty IT’s 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. (Economic Times Markets)
- Stock Market Today: Sensex, Nifty Open Higher; ITC Q2, October Manufacturing PMI Eyed. As many as 203 companies are scheduled to announce their September quarter (Q2 FY27) results on Monday, November 2. Some of the key companies reporting their earnings include ITC, Marico, National Aluminium Company and UPL among others. (NDTV Profit)
Read more Sebi backs removal of LTCG tax for foreign investors: Report · Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp · Nifty IT’s 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva · Stock Market Today: Sensex, Nifty Open Higher; ITC Q2, October Manufacturing PMI Eyed
Economy & policy
Economy and policy
- Sebi backs LTCG tax relief: What Shankar Sharma, Samir Arora said earlier. Market investors have long called LTCG tax a 'major policy mistake' and urged the government to scrap the levy to attract foreign capital into India (Business Standard Mkts)
- 19% Credit vs 10% GDP: Prof Flags Inflation>Rupee Risk, Urges RBI To Rein In Bank Credit. Bank credit growth has reached 19.1%, significantly exceeding nominal GDP growth of approximately 10-11%. ISB professor Prasanna Tantri has warned that the widening gap could fuel inflationary pressures. (NDTV Profit)
- Sebi extends digital accessibility compliance deadline to January 31. Sebi has extended the deadline for regulated entities to complete key digital accessibility compliance requirements to January 31 next year, following requests from market participants. (Business Standard Mkts)
Read more Sebi backs LTCG tax relief: What Shankar Sharma, Samir Arora said earlier · 19% Credit vs 10% GDP: Prof Flags Inflation>Rupee Risk, Urges RBI To Rein In Bank Credit · Sebi working to delist companies with no economic activity: Chairman · Sebi extends digital accessibility compliance deadline to January 31
Companies
- Interim Q2 Review: Strongest Earnings Growth In 12 Quarters As BFSI, Metals Drive Outperformance, Says Motilal Oswal. Earnings of the 35 Nifty companies that have declared results so far have grown 22% YoY, led by RIL, JSW Steel, ICICI Bank, Coal India, and Axis Bank. (NDTV Profit)
- HFCL, MTAR Technologies, Sterlite Tech shares hit 5% lower circuits. Despite the recent correction, thus far in calendar year 2026, the market price of STL (up 664%), MTAR (up 171%) and HFCL (up 151%) have more than doubled, against a 11.6% decline in the BSE Sensex. (Business Standard Mkts)
- Pizza Hut, KFC India operator's Q2 loss naarrows sharply on strong same-store sales growth. Devyani International, the parent company of KFC and Pizza Hut in India, has recorded a significant reduction in losses during its second quarter. For the third straight quarter, same-store sales for KFC increased by 4.4%. (Economic Times Markets)
- Rupee falls 21 paise to 94.97 against US dollar in early trade. In the early hours of trading, the rupee fell by 21 paise to 94.97 against the US dollar, influenced by a firmer dollar along with local market dynamics. (Economic Times Markets)
Read more Interim Q2 Review: Strongest Earnings Growth In 12 Quarters As BFSI, Metals Drive Outperformance, Says Motilal Oswal · HFCL, MTAR Technologies, Sterlite Tech shares hit 5% lower circuits · Pizza Hut, KFC India operator's Q2 loss naarrows sharply on strong same-store sales growth · Rupee falls 21 paise to 94.97 against US dollar in early trade
Companies
New issues
- Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30%. India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum. (Economic Times Markets)
- Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details. Vedant Poly Fabs’ Rs 56.68-crore IPO opens for subscription today on the NSE SME platform, with a 16% grey market premium indicating a potentially positive listing. (Economic Times Markets)
- EAAA India Alternatives shares to list today: Check GMP ahead of market debut. EAAA India Alternatives is set to list on the BSE and NSE on Monday, with its 3% grey market premium indicating a modest debut. The Rs 1,200-crore IPO was subscribed 5.51 times, driven by strong demand from institutional investors. (Economic Times Markets)
- Coal India unit South Eastern Coalfields files for $800 million IPO. The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi (BS Companies)
Read more Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30% · Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details · EAAA India Alternatives shares to list today: Check GMP ahead of market debut · Coal India unit South Eastern Coalfields files for $800 million IPO
Currency, commodities & rates
World
- Wall Street rushes in with bullish calls on India’s top bourse. Wall Street brokerages are turning bullish on NSE, citing its dominant market position and India’s expanding capital markets. Morgan Stanley, JPMorgan and 360 ONE recommend buying the stock, projecting up to 30% upside. (ET Stocks)
- Solex Energy eyeing US market for international debut, says chairman. Eyeing a footprint in the global renewable energy market, homegrown Solex Energy plans to establish solar module and cell manufacturing capacities in the US as part of its USD 1.5 billion investment roadmap through 2030. (BS Companies)
- Gold, silver rates approaching Dec 2025 levels; energy prices, inflation, Fed weighing on investor sentiments - Details. Gold and silver prices fell sharply in India on November 1, with gold dropping ₹3,200 to ₹1,42,000 per 10 grams and silver declining to ₹1,86,000 per kilogram. Check key factors which are dragging gold and silver prices. (LiveMint Markets)
- Banks are safe; AI bubble is the risk for global markets: Julius Baer CEO Stefan Bollinger. Stefan Bollinger highlights the potential risk of an AI bubble affecting global markets significantly. He notes that India's equity valuation correction is healthy, maintaining the country's growth story. (Economic Times Markets)
Read more Wall Street rushes in with bullish calls on India’s top bourse · Solex Energy eyeing US market for international debut, says chairman · Gold, silver rates approaching Dec 2025 levels; energy prices, inflation, Fed weighing on investor sentiments - Details · Banks are safe; AI bubble is the risk for global markets: Julius Baer CEO Stefan Bollinger
What matters next
The next Indian trading session is 03 Nov 2026.
On the calendar: Stock Market Today: Sensex, Nifty Open Higher; ITC Q2, October Manufacturing PMI Eyed; Rupee falls 21 paise to 94.97 against US dollar in early trade; FIIs increase stake: 11 Nifty stocks rally up to 50% in FY27 so far.
Market internals
Advances and declines
of 25 sectors
Broad: most sectors rose.
52-week position
Where each close sits between its own year’s low and high.
