Business EconomyPosted at: Nov 2 2026 7:56PM


Stock markets close with gains, Sensex rally over 1200 points

New Delhi, Nov 2 (UNI) Indian stock markets on Monday ended higher on the third straight session. Benchmark Nifty crossed the 23,300 mark supported by strong buying in heavyweight stocks.
Reliance Industries rallied around 11.5% after reporting strong Q2 earnings.
At close, the Sensex was up 1,233.25 points or 1.66 percent at 75,692.78, and the Nifty was up 387.70 points or 1.68 percent at 23,440.80.
Among the sectors, IT, media, pharma down 0.5% each, while Energy, PSU Bank, Consumer Durables, Infra, Auto, Oil & Gas up 1-4.6 percent.
On Nifty, the biggest Nifty gainers were Reliance Industries, Tata Steel, Shriram Finance, Coal India and JSW Steel, while losers included Infosys, Adani Ports, Sun Pharma, Axis Bank and HDFC Life.
Indian rupee pared some of its intraday gains but ended marginally higher at 94.90 against the US dollar.
More than 100 stocks touched 52-week high while nearly 200 stocks touched 52-week low.
Those on highs were Indegene, Leela Palaces, Coforge, Indian Hotels, Sona BLW, Eternal, Ather Energy, Kotak Mahindra Bank, Piramal Pharma, Acutaas Chemicals, Zydus Lifesciences and Laurus Labs, among others.
On the other hand, on the lows included IGL, PB Fintech, Latent View Analytics, Sarda Energy, JK Lakshmi Cement, Atul, Aadhar Housing Finance, GMDC, Muthoot Finance, Bharat Dynamics, JBM Auto, RailTel, IRB Infrastructure and Intellect Design Arena., among others.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Indian equities opened the week on a firm footing, supported by better than estimated Q2 earnings and improving domestic cues. Domestic macro indicators provided an additional boost to sentiment with October passenger-vehicle sales growth reflecting healthy festive demand, while gross GST collections increased, reinforcing the resilience of domestic consumption and economic activity."
"Global cues were also supportive, with softer crude oil prices and renewed US-Iran diplomatic efforts helping ease concerns around energy costs and geopolitical risks. Foreign investors turning buyers as a global AI rotation also provided support to domestic equities. The rally extended to the broader market, with mid- and small-cap indices also advancing, indicating an improvement in market participation."UNI VK AAB
Tags: #Stock markets close with gains# Sensex rally over 1200 points
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