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Sensex Jumps Nearly 1,000 Points, Nifty Tops 23,300: Reliance Rally, Cheaper Oil and Record GST Power November's Strong Start

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Indian markets began November with a bang on Monday, November 2, 2026. The Sensex surged nearly 1,000 points in morning trade and the Nifty crossed 23,300, powered by three forces coming together at once: a sharp rally in Reliance Industries after its record quarterly results, a fall in crude oil prices on hopes of easing US-Iran tensions, and confirmation that October's GST collections were the second-highest ever. By 10:00 am, the Sensex was up 970 points, or 1.30 per cent, at 75,429.53, while the Nifty had gained 260.10 points, or 1.13 per cent, to 23,313.20. The benchmarks had opened strongly too — the Sensex at 75,178.24, up 718.71 points, and the Nifty at 23,222.30, up 169.20 points from Friday's close of 23,053.10 — and they kept climbing through the morning. Friday's closes, for reference, were Sensex 74,459.53 and Nifty 23,053.10. The rally was broad, not just a one-stock story. By 10:00 am, about 2,408 shares had advanced against 1,105 declines on the exchanges, a...

November's First Trading Week: 5 Triggers That Will Decide Whether Sensex and Nifty Keep Rising

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Indian markets start November with momentum — and with a week packed full of events that could either extend the recovery or stall it. After a strong week that took the Nifty back above 23,000, five triggers will decide the direction: foreign investor flows, Apple earnings, the US midterm elections, US jobs data, and a heavy domestic results calendar, all under the shadow of crude oil near $118 a barrel. The Sensex closed Friday, October 30, at 74,459.53, up 0.42 per cent on the day, while the Nifty gained 0.51 per cent to finish at 23,053.10. For the week, the Nifty rose around 2 per cent, with the broader market rebounding too — the Nifty Midcap 100 gained 2.71 per cent and the Smallcap 100 rose 4.1 per cent, after the previous week's steepest weekly fall since February 2025. Pharma led the sectoral gains, up 7.09 per cent, followed by healthcare at 6.91 per cent and realty at 3.77 per cent. The question now is whether this is the start of a durable recovery or just a relief rall...

October's Split Verdict: Sensex Posts Best Month in Six Months as Smallcaps Slide, Reliance Hits Record Profit and Intel Crashes

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  October 2026 ended with a split verdict on Dalal Street. The headline indices finished the month higher and snapped a two-month losing streak, but the gains were narrow: heavyweight stocks and information technology shares carried the benchmarks, while midcap and smallcap stocks fell, and foreign investors remained net sellers for the month as a whole. The Sensex gained 2.73 per cent in October, its best monthly gain in six months, while the Nifty rose 1.91 per cent. On Friday, October 30, the final trading day of the month, the Sensex rose 308.49 points, or 0.42 per cent, to close at 74,459.53, and the Nifty gained 116.35 points, or 0.51 per cent, to finish at 23,053.10 — back above the 23,000 mark. For the week, the Sensex advanced 1,335.70 points, or 1.83 per cent, and the Nifty gained 453.10 points, or 2 per cent. A narrow rally: IT and pharma up, smallcaps down The month's clear winner was technology. The IT index surged 17.7 per cent in October, far ahead of the broader mar...

Fed Holds Rates at 3.75%-4% in 10-2 Vote: What the Pause Means for Indian Markets, the Rupee and Your Loans

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  The United States Federal Reserve held its benchmark interest rate steady on Wednesday, October 28, 2026, keeping the target range at 3.75 per cent to 4.00 per cent. The decision, taken by the Federal Open Market Committee in a 10-2 vote, was in line with what most market participants had expected — but the split inside the committee, and the inflation backdrop behind it, left investors with plenty to think about. Two committee members — Governor Lisa Cook and Cleveland Fed President Beth Hammack — dissented, preferring an immediate quarter-point increase. Their dissent is the clearest signal yet that the Fed's pause is not a declaration that the inflation fight is over. It is a decision to wait for more data before deciding whether borrowing costs need to go higher still. Why the Fed paused — and why two members disagreed The Fed raised rates by a quarter point at its previous meeting in September, its first increase in three years, lifting the range to 3.75%-4.00%. Since then, ...

Jio Platforms Lists at Rs 1,358, Up 21% on Debut: India's Second Most Valuable Company After Record IPO

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  Jio Platforms made a strong stock market debut on Wednesday, October 28, 2026, listing at Rs 1,358 per share on both the BSE and the NSE — a premium of 21.36 per cent over its issue price of Rs 1,119. The listing instantly made the Reliance Industries-backed digital services company India's second most valuable listed firm by market capitalisation, behind only its parent, Reliance Industries. In early trade the shares touched Rs 1,374 and were trading around Rs 1,357.45, up Rs 238.45 or 21.31 per cent from the issue price. At that level the company's market value stood at about Rs 12.5 lakh crore, with exchange data putting the early valuation at Rs 12,50,586.39 crore. Reliance Industries, which holds a 64.48 per cent stake in Jio Platforms according to listing-day reports, was trading marginally higher at around Rs 1,197. What investors made on listing day The debut turned the record IPO demand into immediate gains for allottees. A retail investor allotted the minimum lot of...

Sensex, Nifty Fall on Monthly Expiry Day as Crude Nears $115 and Fed Decision Looms

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Indian stock markets opened lower on Tuesday, October 27, 2026, as monthly derivatives expiry, crude oil near $115 a barrel and caution ahead of the US Federal Reserve's policy decision combined to keep investors on the defensive. The BSE Sensex, which closed at 73,606.75 on Monday, opened at 73,484.38 and was trading at 73,276.08 by 9.20 am, down 330.67 points or 0.45 per cent. The NSE Nifty 50, which ended Monday at 22,753.20, opened at 22,708.80 and slipped to 22,671.25, a fall of 81.95 points or 0.36 per cent in the same early window. Both benchmarks had rebounded about 0.7 per cent on Monday, ending a four-session losing streak, so Tuesday's gap-down partly gave back that recovery. Why Tuesday is not an ordinary session Tuesday is the monthly expiry day for all NSE derivatives contracts — Nifty, Bank Nifty, FinNifty, Nifty Midcap Select and Nifty Next 50, plus stock futures and options. Expiry days routinely bring sharper intraday swings as traders square off, roll over or...

Jio Platforms IPO Subscribed 22 Times: Rs 7.4 Lakh Crore in Bids, Record 13.8 Million Applications Ahead of October 28 Listing

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Jio Platforms' initial public offering has closed as India's largest-ever share sale — and one of the most subscribed in the world. The Rs 30,213 crore issue, priced in a band of Rs 1,065 to Rs 1,119 per share, was subscribed 22.19 times overall by the time bidding closed on Friday, October 23, drawing total bids of roughly Rs 7.40 lakh crore including anchor allocations. The most striking number is not the money but the headcount. More than 13.8 million applications came in, beating the previous global record of 9.73 million applications set by Waaree Energies in October 2024 by nearly 42 per cent. For a single Indian issue, that scale of retail and institutional participation together is unprecedented. The subscription, category by category The demand was led overwhelmingly by institutions. Qualified institutional buyers (QIBs) bid 70.55 times the shares reserved for them. Non-institutional investors — typically wealthy individuals and family offices — subscribed 14 times. Re...