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.
Read MoreReliance 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.
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%.
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.
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.
Laurus Labs shares gained 4.94% after the company reported a 126% YoY rise in Q2 FY27 net profit to ₹441.48 crore. Revenue increased 33%, while EBITDA margin expanded to 34.5%.
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.
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.
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.
Sensex gained 0.82% to 73,847 and Nifty rose 0.74% to 22,865 on October 29, supported by Reliance Industries and IT stocks. Elevated crude oil prices continued to limit market gains.
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.
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.
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.
Sensex gained 0.82% to 73,847 and Nifty rose 0.74% to 22,865 on October 29, supported by Reliance Industries and IT stocks. Elevated crude oil prices continued to limit market gains.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
