Nifty 50 Daily Wrap — 2 Nov 2026: Gains 1.68%
MarketPulse summary: Nifty 50 rose 387.70 points (1.68%) to close at 23,440.80, with 38 of 50 constituents advancing and 12 declining. Oil & Gas was the strongest sector (+5.95%) and Media the weakest (-0.76%).
📊 Key Numbers
📝 Market Wrap
The Nifty 50 surged 387.7 points, or 1.68%, to close at 23440.8, powered overwhelmingly by a single stock. Reliance Industries soared 11.6% to ₹1300, doing much of the heavy lifting for the index. The Sensex climbed 1.87% to 75850.54, while the Nifty Midcap 50 added 1.24% to 16717.7.
This was no narrow rally, though. Within the Nifty, 38 stocks advanced against 12 declines, and across the NSE 1809 shares rose versus 791 that fell, with 41 unchanged. For an ordinary investor, that breadth reading means gains were spread widely rather than confined to a handful of heavyweights, which generally signals healthier participation. Sectorally, Oil & Gas jumped 5.95%, Commodities gained 4.01%, Energy rose 3.92%, Infrastructure added 3.7% and Metal climbed 3.21%. Tata Steel rallied 5.83% to ₹177.37, JSW Steel rose 5.13% to ₹1309.9, and Coal India and Shriram Finance each advanced 4.88%.
The laggards tell the other half of the story. Media slipped 0.76%, IT fell 0.5%, Private Bank edged down 0.14% and Pharma dipped 0.07%, while Financial Services managed only 0.76% and the Bank index 0.58%. Infosys dropped 2.03% to ₹1161, Wipro lost 0.96%, and ICICI Bank, Dr. Reddy's Laboratories and Kotak Mahindra Bank also closed lower. Money clearly favoured cyclical and commodity-linked names over technology and private lenders.
Next, watch whether breadth stays this strong without Reliance's outsized contribution, and if banks and IT close the gap. Sustained wide participation would matter more than the headline close alone.
📈 Sector Performance
| Sector | Change |
|---|---|
| Oil & Gas | +5.95% |
| Commodities | +4.01% |
| Energy | +3.92% |
| Infrastructure | +3.70% |
| Metal | +3.21% |
| Consumer Durables | +2.70% |
| PSE | +2.34% |
| PSU Bank | +1.36% |
| Auto | +1.33% |
| Realty | +1.03% |
| India Consumption | +1.01% |
| FMCG | +0.84% |
| Financial Services | +0.76% |
| Bank | +0.58% |
| Services Sector | +0.39% |
| Healthcare | +0.18% |
| Pharma | -0.07% |
| Private Bank | -0.14% |
| IT | -0.50% |
| Media | -0.76% |
🚀 Top Gainers (Nifty 50)
| Stock | LTP | Change |
|---|---|---|
| RELIANCEReliance Industries | ₹1,300.00 | +11.60% |
| TATASTEELTata Steel | ₹177.37 | +5.83% |
| JSWSTEELJSW Steel | ₹1,309.90 | +5.13% |
| COALINDIACoal India | ₹408.00 | +4.88% |
| SHRIRAMFINShriram Finance | ₹863.35 | +4.88% |
📉 Top Losers (Nifty 50)
| Stock | LTP | Change |
|---|---|---|
| INFYInfosys | ₹1,161.00 | -2.03% |
| WIPROWipro | ₹196.40 | -0.96% |
| ICICIBANKICICI Bank | ₹1,387.40 | -0.76% |
| DRREDDYDr. Reddy's Laboratories | ₹1,342.00 | -0.74% |
| KOTAKBANKKotak Mahindra Bank | ₹458.35 | -0.70% |
🎯 Broader Market Breadth (all NSE stocks)
Data from NSE and public market sources, compiled automatically by MarketPulse. Figures may be delayed or revised. This is not investment advice.