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