Stock Market Today

Why the market moved

Indian markets put in a strong performance today, Monday, 2 November 2026, with the NIFTY 50 rising 1.68% and the S&P BSE SENSEX gaining 1.66%, even as major global markets including the S&P 500, NASDAQ, and Dow Jones fell sharply. The session was dominated by a surge in oil, gas, and energy stocks, with Reliance Industries leading the charge with an 11.60% gain, while steel names Tata Steel and JSW Steel also posted strong advances. Market breadth was healthy, with 38 of the 50 NIFTY stocks closing higher, though IT stocks weighed on sentiment, with Infosys falling 2.03% and the NIFTY IT index slipping 0.50%. The cause of the broad divergence from weak global markets is not clear from available data.

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