Market wrap: RIL, Tata Steel, Infosys, ICICI Bank top gainers and losers on Nifty and Sensex on Monday
Reliance Industries is in focus in a quarterly results development.
· Economic Times Markets, ET Stocks
Indian markets rallied sharply, with Sensex gaining 1.66% to 75,693 and Nifty rising 1.68% to 23,441. Strong quarterly earnings lifted investor sentiment, led by Reliance Industries, metals and oil and gas stocks, while market breadth remained positive.
The analysis
Reliance Industries reported movement of 1.66% and 1.68%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +11.6% on the day at ₹1,300.00, and has returned -0.6% over three months. It sits 18% below its 52-week high. The oil & energy sector has moved -4.2% over the same period, so Reliance Industries is running 3.6 points ahead of its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The 4 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 4 are higher: Reliance Industries leads at +11.6% and Infosys trails at -2.0%.
- Over three months: Reliance Industries -0.6% against Oil & Energy -4.2% (3.6 points ahead); Tata Steel -6.5% against Metals & Mining -7.9% (1.4 points ahead); Infosys +2.7% against IT -2.1% (4.8 points ahead); ICICI Bank -3.3% against Banks -6.0% (2.7 points ahead).
- At least 25% below the 52-week high: Infosys (31%).
- Trading well above normal today: Reliance Industries at 4.7 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,300.00 | +11.6% | +11.3% | -0.6% | -18.4% | 4.7× | — |
| Tata SteelTATASTEEL · Metals & Mining | ₹177.37 | +5.8% | -0.3% | -6.5% | -19.8% | 1.4× | — |
| InfosysINFY · IT | ₹1,161.00 | -2.0% | +12.2% | +2.7% | -31.3% | 0.8× | — |
| ICICI BankICICIBANK · Banks | ₹1,387.40 | -0.8% | +5.9% | -3.3% | -5.2% | 0.7× | — |
Oil & Energy
1M -0.4% · 3M -4.2%
Reliance Industries
Metals & Mining
1M -5.0% · 3M -7.9%
Tata Steel
IT
1M +6.2% · 3M -2.1%
Infosys
Banks
1M -2.4% · 3M -6.0%
ICICI Bank
Prices as of 2 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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