Nifty Closes at 1-Month High as Reliance Jumps Over 11%; NSE Reclaims $5 Trillion Market Cap

Indian equity markets began November on a strong note, with the Sensex and Nifty 50 recording their third consecutive session of gains on Monday, November 2, 2026. A sharp rally in Reliance Industries, a decline in international crude oil prices and improving sentiment surrounding the Iran conflict encouraged buying across several sectors.

The BSE Sensex closed at 75,692.78, rising over 1,200 points, or 1.66%, while the Nifty 50 advanced 1.68% to settle at 23,440.80, hitting one month high. The Bank Nifty settled above the important psychological mark of 55,000, but it relatively underperformed as it gained 0.58% as compared to gains of 1.68% and 1.66% of Nifty and Sensex.

BSE Adds ₹6.94 Lakh Crore Market Cap

Indian stock markets witnessed strong wealth creation on Monday, November 2, 2026, with investors adding approximately ₹6.94 lakh crore in a single trading session. The total market capitalisation of BSE-listed companies increased from ₹4,75,34,943.01 crore on Friday, October 30, to ₹4,82,29,289.79 crore on Monday, reflecting a sharp rise in overall market value.

NSE Reclaims $5 Trillion Market Cap

India's equity market capitalisation also remained above the $5 trillion milestone, reflecting the recovery in domestic equities witnessed over the past three trading sessions.

Falling Crude Oil Prices Offer Relief to Indian Markets

International crude oil prices declined sharply on Monday as diplomatic discussions raised hopes of reduced tensions involving Iran.

Brent crude dropped approximately 4.7% to around $108 per barrel, compared with a six-month high of nearly $118 recorded on Friday. Discussions between Iranian officials and Qatari mediators concerning the Strait of Hormuz contributed to the improvement in sentiment.

Reliance Industries Gains 11.6% Following Quarterly Earnings

Reliance Industries was the standout performer in Monday's trading session, with its share price climbing 11.60% to ₹1,300.

The company reported stronger quarterly performance, supported by improved profitability in its refining and petrochemical businesses. Better margins in these segments contributed to the positive earnings response.

Reliance's rally also had a major impact on the Nifty 50. The stock alone added approximately 198.05 points to the benchmark index, making it the largest positive contributor during the session.

Mid-Cap and Small-Cap Stocks Participate in the Recovery

The recovery extended beyond the Sensex and Nifty 50, with broader market indices also registering gains.

The Nifty Midcap 100 index advanced 1.19%, while the Nifty Smallcap 100 gained 0.71%.

Sectoral Performance: Energy and Metal Stocks Outperform

Energy and metal companies recorded the strongest sectoral gains on Monday, supported by the rally in Reliance Industries and positive sentiment across commodity-related businesses.

The Nifty Energy index climbed 3.92%, emerging as the leading sectoral performer. Nifty Metal followed with a gain of 3.21%, while Nifty PSU Bank rose 1.38% and Nifty Auto advanced 1.36%.

Realty and FMCG stocks also ended higher.

However, not every sector participated in the rally. The Nifty IT index declined 0.50%, reflecting selling pressure in technology stocks. Nifty Media fell 0.76%, making it the weakest sectoral index of the session.

Indian Rupee Closes Nearly Unchanged

The Indian rupee ended Monday's session almost flat at 94.90 against the US dollar, despite the sharp recovery in domestic equities.

A decline of more than 4% in Brent crude oil prices, which brought the international benchmark to approximately $108.30 per barrel, offered some relief to the domestic currency.

European Stock Markets Trade Higher, Led by France's CAC 40

Major European stock indices were trading in positive territory on Monday, November 2, 2026, reflecting a broadly favourable trend across international equity markets.

Germany's DAX index rose 82.29 points, or 0.32%, to trade at 25,900.50. The UK's FTSE 100 advanced 11.07 points, or 0.10%, to 10,740.85.

France's CAC 40 recorded the strongest percentage gain among the three, climbing 36.58 points, or 0.46%, to 8,006.00.

US Stock Futures Point to a Positive Wall Street Opening

US stock index futures also traded higher on Monday, suggesting that Wall Street could begin the session on a positive note. Dow Jones futures gained 276 points, or 0.53%, to reach 52,194. Meanwhile, S&P 500 futures advanced 39.50 points, or 0.52%, to 7,653.50. Nasdaq 100 futures outperformed the other two benchmarks, rising 249.75 points, or 0.88%, to trade at 28,783.75.