LLUMINE Business Market News
Nifty jumps 1.7% to 23,440 as Reliance soars 11.6% and Brent falls about 7.6% on Iran peace hopes; the US votes today and the talks are not a deal yet
Indian shares rose for a third day on Monday, 2 November. The Nifty 50 gained 387.70 points (1.68%) to 23,440.80 and the Sensex rose 1,233.25 points (1.66%) to 75,692.78. Unlike Friday, the rise was broad: 2,445 shares rose on the NSE and 1,164 fell, and midcap and smallcap indices gained 1.19% and 0.71%.
Nifty 50
23,440.80
+1.68% on 2 Nov
Third straight rise; 38 of 50 shares gained
Sensex
75,692.78
+1.66% (+1,233 pts) on 2 Nov
Reliance up 11.6% after results
View chartBrent crude
$104.77
−7.63% on 2 Nov
Settlement; was about $108–110 during Indian trading
View chartRupee
₹94.86 / $
10 paise weaker
Touched 95.04 during the day
View chartForeign investors
+₹3,115 cr
Net buyers on 2 Nov
Still about −₹2.95 lakh cr in 2026
Indian funds
−₹392 cr
Net sellers on 2 Nov
Small net sale
US 10-year yield
4.89%
−3.5 bp on 2 Nov
Eased as oil fell
India VIX
15.51
+1.37%
Fear gauge rose slightly despite the rally
Best sector
Oil & Gas
+5.95% on 2 Nov
Weakest: IT, about −0.5%
India factory PMI
54.7
Down from 55.1
HSBC survey for October; still expanding
Companies in focus
Stocks in the news
Hindustan Aeronautics
₹4,855.00
+0.03%Bharat Electronics
₹376.50
+1.78%Mazagon Dock Shipbuilders
₹1,736.60
+1.84%Bharat Dynamics
₹996.00
+2.26%Larsen & Toubro
₹3,939.90
+1.76%NTPC
₹323.00
+2.13%Power Grid Corporation
₹267.70
+1.02%NHPC
₹78.78
+1.34%Suzlon Energy
₹35.25
+3.98%Indian Railway Finance Corporation
₹75.65
+3.11%Oil India
₹461.90
+1.74%Coal India
₹408.00
+4.88%Bank of Maharashtra
₹78.99
−2.91%IDFC First Bank
₹73.63
+2.26%Dr Reddy's Laboratories
₹1,342.00
−0.74%Cipla
₹1,387.00
+0.59%Sun Pharmaceutical
₹1,753.10
−1.38%Apollo Hospitals
₹8,459.00
+0.13%Bajaj Auto
₹10,339.00
−0.11%Maruti Suzuki
₹11,672.00
+2.41%Top movers
Biggest moves in our coverage
Sectors trending today
Which sectors are moving
Ripple map
How world events reach Indian business
Brent falls 7.6% to about $104.77 as Iran offers to reopen Hormuz on conditions
Iran and Qatari mediators hold talks; a draft proposal to end the war circulates → Iran says Hormuz could reopen within two days if its demands are met → Traders price in less supply risk → Brent settles down 7.63% at $104.77 → Lower oil eases India's import bill and inflation worries
Full storyReliance jumps 11.6% after a 41% profit rise, lifting the Nifty 1.68% to 23,440.80
Reliance reports September-quarter profit up about 41% on 30 October → Its shares rise 11.6% on Monday, the biggest one-day gain since April 2020 → Reliance accounts for about half of the Nifty's gain → Nifty closes at 23,440.80 and the Sensex at 75,692.78
Full storyUS votes in midterm elections; Trump says no new strikes on Iran before the vote
Americans vote on 3 November → Results shape Congress and US policy → Trump has said no new attacks on Iran before the vote, without ruling them out after → Oil, the dollar and bond yields may move on the outcome
Full storyRecord October vehicle sales lift auto shares; Maruti up 2.4%
Festive demand lifts October vehicle dispatches → Passenger vehicle dispatches top 5 lakh, a record → Maruti, Hyundai and M&M post their best-ever month → Nifty Auto rises 1.33%
Full storyMetal shares rise 3.2%; Coal India gains 4.9% after record October supplies
Steel makers lead buying → Nifty Metal rises 3.21% → Coal India reports record October supplies of 70.3 million tonnes → Coal India shares rise 4.88%
Full storyForeign investors buy about ₹3,115 crore; rupee slips 10 paise to 94.86
Foreign investors buy for a second session → Indian funds are small net sellers → A firm dollar overseas and weak Asian currencies weigh on the rupee → Rupee ends at 94.86, down 10 paise
Full storyNTPC and Power Grid rise after results; NHPC reports on 4 November
NTPC and Power Grid report higher profits and ₹3 dividends → Shares react in Monday's session → NTPC rises 2.13% and Power Grid 1.02% → NHPC results follow on 4 November
Full storyIT and pharma shares lag the rally; Infosys falls 2%
IT shares rose almost 18% in October → Investors take profits → Nifty IT falls about 0.5%; Infosys down 2.03% → Pharma ends almost flat
Full storyUS factory survey strengthens to 55.5 while the 10-year yield eases to 4.89%
US ISM manufacturing index rises to 55.5 → Prices paid ease but stay high at 75.2 → Lower oil eases inflation worries → US 10-year yield falls 3.5 basis points to 4.893%
Full storyDefence shares recover; BDL bounces 2.3% from its 52-week low
Defence shares fell last week → Broad market rally lifts state-run shares → BDL, Mazagon Dock and BEL rise about 2% → HAL is flat ahead of results on 12 November
Full storyState-run banks rise 1.4% on Bank of Baroda results; Bank of Maharashtra slips
Bank of Baroda reports strong results and raises its growth outlook → Nifty PSU Bank rises 1.36% → Private banks such as ICICI, Kotak and Axis ease → Bank of Maharashtra falls 2.9%
Full storyL&T rises 1.8% as infrastructure shares gain
L&T reported record orders on 27 October → Lower oil helps cost outlook for builders → Infrastructure shares rise with the market → L&T closes at ₹3,939.90
Full storyOur track record
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3 November 2026
US midterm elections
The US has said it will not strike Iran before the vote; the result can move oil, the dollar and yields.
3 November 2026
Mazagon Dock interim dividend record date
₹5 a share.
4 November 2026
Apollo Hospitals and NHPC September-quarter results
Hospital demand and hydro power earnings.
4 November 2026
Coal India dividend record date
₹10.25 interim dividend.
6 November 2026
US jobs report for October
Shapes expectations for a December Fed rate decision and bond yields.
6 November 2026
NTPC and Power Grid interim dividend record date
₹3 a share each.
8 November 2026
Muhurat trading session (Sunday)
Special Diwali session; NSE will confirm timings.
9 November 2026
Trade-margin cap on 137 cancer medicines takes effect
Could squeeze pharmacy and distributor margins.
10 November 2026
NSE closed for Diwali Balipratipada
No trading in equities.
12 November 2026
HAL and Oil India September-quarter results
Oil India's board will also consider an interim dividend.
24 November 2026
NSE closed for Guru Nanak Jayanti
No trading in equities.
29 November 2026
Next OPEC+ meeting
Any change in supply plans would move crude, India's biggest import.
News and education only. LLUMINE Business Market News explains events and companies; it is not investment advice and does not recommend buying or selling any security. LLUMINE is not registered with SEBI as an investment adviser or research analyst. Prices are delayed and may differ from live exchange data. Markets carry risk; please do your own research or consult a SEBI-registered adviser.