GIFT Nifty Opening Update
GIFT Nifty opened today at 23,212.50. It is up 216.00 points (0.94%) from yesterday’s close of 23,086.00- so the trend is positive.
The Indian stock market is anticipated to commence on a positive note on Monday, November 2, as GIFT Nifty indicates an optimistic opening. GIFT Nifty was trading around 23,291, up nearly 205 points, or 0.89%, from the previous close of Nifty futures, indicating a potential gap-up opening for the domestic benchmark indices. On Friday, the Sensex and Nifty extended their gains, supported by strong buying in IT stocks and earnings-driven gains in Trent, the Tata Group’s retail arm. The 30-share BSE Sensex advanced by 308.49 points, representing an increase of 0.42%, to conclude at 74,459.53. During the session, it surged as much as 591.55 points, or 0.79%, to reach an intraday high of 74,742.59.
Meanwhile, the 50-share NSE Nifty gained 116.35 points, or 0.51%, to settle at 23,053.10. Several stocks are anticipated to attract attention as companies disclose business updates and corporate developments. Fresh order wins, operational performance, expansion plans and other company-specific announcements could trigger stock-specific movements during Monday’s trading session. Reliance Industries, Jio Platforms, ITC, Marico, NTPC, CSDL, SJVN among shares in focus on Monday.
Equities to Monitor:
- ITC, Marico, NALCO, NLC India, Container Corporation of India, Tata Investment Corporation shares will remain in focus as companies are scheduled to release their Q2 results for 2026 today.
- Reliance Industries reported a 41% year-on-year increase in consolidated net profit attributable to shareholders, reaching Rs 25,548 crore for the September quarter, up from Rs 18,165 crore in the same period last year.
- Jio Platforms announced a 14% year-on-year increase in consolidated net profit, reaching Rs 8,389 crore in its initial quarterly earnings report following its recent stock market debut.
- NTPC Green Energy recorded a 56.2% YoY jump in consolidated net profit to Rs 137.5 crore in Q2FY27, up from Rs 88 crore in the corresponding quarter of the previous financial year.
- NTPC reported a 14% year-on-year increase in standalone net profit, reaching Rs 5,320 crore for the second quarter of FY27, up from Rs 4,653 crore in the corresponding quarter of the previous year.
- CDSL announced a 24% year-on-year increase in net profit, reaching Rs 173 crore for the September quarter, compared to Rs 140.2 crore in the same period last year.
- Sun Pharmaceutical Industries reported a 36% year-on-year decline in consolidated net profit to Rs 1,989 crore for the September quarter, compared with Rs 3,118 crore in the same period last year.
- Bharat Electronics reported a 19.8% year-on-year increase in standalone profit after tax to Rs 1,541 crore in Q2FY27, exceeding market expectations.
- Indian Oil Corporation announced a record quarterly standalone net profit of Rs 21,630 crore in Q2, representing a notable recovery from the loss of Rs 2,661 crore reported in the preceding quarter.
- SJVN reported a significant enhancement in its Q2FY27 earnings, with net profit rising to Rs 657.4 crore from Rs 308 crore in the same quarter last year.
- Nazara Technologies announced an investment of $77 million in its wholly owned UK subsidiary, Nazara Technologies UK, which is approximately Rs 734.35 crore.
