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Indian stock markets ended sharply higher on November 2, 2026, with Sensex rising 1.66% to 75,692.78 and Nifty gaining 1.68% to 23,440.80. Reliance Industries surged 11.60% following record Q2 FY27 earnings, while Energy, Infrastructure and Metal stocks led sectoral gains. Softer crude oil prices, foreign fund inflows and positive global cues further supported market sentiment.

International crude oil prices declined sharply on November 2, 2026, with Brent falling 3.7% to $109.23 per barrel and WTI dropping 3.8% to $100.14. On MCX, November crude futures traded around ₹9,593 per barrel, down 3.5%. Hopes of diplomatic progress between the US and Iran and a possible reopening of the Strait of Hormuz weighed on prices, although supply disruptions and inventory concerns continue to pose risks.

Vedanta Oil and Gas shares jumped nearly 12% on October 30, 2026, even as Q2 FY27 consolidated net profit declined 21% QoQ to ₹746 crore. Improved profitability from continuing operations and lower expenses were key highlights of the quarterly results.

Reliance Industries shares jumped 8.1% to hit an intraday high of ₹1,259 on November 2, 2026, pushing its market capitalisation beyond ₹17 lakh crore. The rally followed record Q2 FY27 earnings, with consolidated revenue rising 28% to ₹3.62 lakh crore and net profit increasing 34% to ₹29,550 crore.

Dixon Technologies shares rallied 11.26% after Q2 FY27 revenue increased 47% to ₹21,806 crore. Net profit declined 45%, while average selling price rose 35% year-on-year.

Indian stock markets extended their gains for a second consecutive session on October 30, 2026, with the Sensex rising 308 points to 74,459.53 and the Nifty gaining 116 points to 23,053.10. IT and Pharma stocks led the rally, while Trent advanced 5.44% and IndiGo gained 4.33% after their Q2 FY27 results. However, weakness in banking, energy and broader market indices limited overall gains.

SEBI has recommended removing the 12.5% long-term capital-gains tax on foreign investors and making domestic mutual-fund switches tax-free after a one-year holding period. The nonbinding pre-budget proposals are awaiting a final government decision.

Suzlon Energy shares plunged nearly 10% on October 30, 2026, hitting a fresh 52-week low of ₹33.21 following Q2 FY27 results. Despite 26% revenue growth and record deliveries, declining EBITDA margins, reduced FY27 profitability guidance and a JM Financial downgrade triggered selling pressure.

Domestic gold and silver futures edged higher on November 2, even as international bullion prices remained under pressure. Check city-wise 22K, 24K gold and silver rates.

Reliance Industry Ltd. (RIL) stock rose 6.36% on Monday early trading session after posting record Q2 FY27 numbers. Driven by strong refining margins from the Oil to Chemicals (O2C) segment and steady growth from its Jio Platforms, investors have been optimistic. Global broking firm Goldman Sachs has retained its Buy recommendation on the stock, with a target price of Rs 1840, which shows upside potential of around 58%.