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Reliance Industries led the gains on November 2, helping Sensex rally 1,233 points and Nifty close above the 23,440 mark amid broad-based buying interest. (Image: ET Now Digital)
Indian stock market closed today’s (November 02) trade on a higher note, led by the heavy-weight stock, Reliance Industries. The Nifty50 closed the trade 388 points or 1.68 per cent higher at 23,440.80, while the 30-stock BSE Sensex settled 1,233.25 points or 1.66 per cent higher at 75,692.78. The market breadth remained in the favour of bulls. Out of 3,709 stocks traded on the NSE, 2,443 advanced, while 1,167 stocks declined, and 99 scrips remained unchanged. In today's session, 57 stocks hit a fresh 52-week high, while 142 stocks were at a new 52-week low.
Reliance Industries' shares gained the most in the Nifty50, closing 9.4 per cent higher. It was followed by Tata Steel, JSW Steel, Shriram Finance, Coal India, and many others. On the other hand, Infosys, ICICI Bank, Dr Reddy's Lab, Kotak Mahindra Bank, and Axis Bank were the five major losers in the index. The Nifty 50 continued its three-day winning streak, mainly led by Reliance Industries and Tata Steel.
Sparsh Bansal is the Chief Copy Editor with ET Now Digital. He writes extensively on equity markets, IPO, with a passion for financial markets and a sharp eye to detect patterns, I extensively cover IPOs, stock movements, and investment strategies that shape India's economic landscape. He tracks IPO debuts, corporate earnings, and regulatory changes, bringing clarity to complex financial data, which bridges the gap between numbers and hidden patterns behind them. Over the years, he has authored more than 2000 articles that have ranked prominently on Google, demonstrating commitment to high-quality journalism and impactful reporting. Before ET Now Digital, Sparsh worked as a Correspondent with Financial Express. He started his career with Informist Media as a Reporter. He holds a Post Graduate Diploma in Business and Finance Journalism from Asian College Journalism – Bloomberg, and a Bachelor’s degree in Journalism and Mass Communication from the Noida International University.
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