Nifty holds near September highs at midday; Reliance surges 7.4%, IT stocks drag
Broad-based buying lifted Indian equities, with energy stocks outperforming as investors assessed global market weakness, crude oil prices and technical levels
On Monday, November 2, 2026, the BSE Sensex and Nifty50 indices both enjoyed strong gains, reaching new intraday highs. The Sensex closed at 75,198.92, up 0.99%, while the Nifty50 closed at 23,265, up 0.92%. Reliance Industries stood out as the leading performer, surging 7.36% to ₹1,250.60, with a total trade value of ₹7,138.39 crore.
SBI Securities noted that Reliance’s performance was the top contributor to the Nifty’s gains. Other notable gainers included Shriram Finance, Tata Steel, Coal India, and Jio Financial Services. Meanwhile, IT stocks dragged the market, with Infosys falling 2.43% to ₹1,156.20 and Sun Pharmaceutical slipping 1.52% to ₹1,750.70. Sectoral indices also saw varied performances, with Nifty Energy leading the gains and Nifty Media recording the worst decline.
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