Sensex crosses 1,000-point gain; Nifty touches 23,360 as crude retreat, Reliance rally lift markets
On the BSE, 2,730 stocks advanced against 1,299 declines, with 71 stocks hitting 52-week highs and 154 stocks in the upper circuit
The BSE Sensex surged 1,006.58 points, or 1.35 percent, to 75,466.11 on Monday, November 2, 2026. The Nifty50 climbed 284.60 points, or 1.23 percent, to 23,337.70. Reliance Industries led the market rally following strong quarterly results. Crude oil prices fell sharply due to positive diplomatic developments in US-Iran negotiations, contributing to the market gains.
The Nifty50 has reclaimed its 50-day EMA, with potential resistance at 23,300-23,400 and support at 23,150-23,100. Bank Nifty remains relatively weak and may face selling pressure. OPEC+ has maintained its December production targets, limiting near-term supply prospects.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Nifty holds near September highs at midday; Reliance surges 7.4%, IT stocks drag thehindubusinessline.com
- Reliance soars 7% post Q2 results; sees sharpest intraday rally in 3 years business-standard.com
