Benchmark indices SENSEX and NIFTY50 continued trading with gains during the afternoon session on Monday, November 2, amid buying across sectors including oil and gas, energy, commodities, railway PSU, and metal. While the indices were off their day's high, they continued to trade in positive territory as investor sentiment was bolstered by a decline in global crude oil prices and strong October auto sales. The SENSEX rallied as much as 1.5% to an intraday high of 75,557.06, while the NIFTY50 gained as much as 1.3% to touch the session's peak of 23,360.50. During noon deals, the indices pared their early gains but continued to trade in the green zone, with SENSEX falling approximately 500 points from its peak. At 1:37 PM, the S&P BSE SENSEX advanced 575.89 points, or 0.77%, to trade at 75,035.42. Meanwhile, NSE's NIFTY50 stood at 23,221.40, reflecting a 168.30-point, or 0.73% jump.

The NIFTY50 index was bolstered by buying in the shares of Reliance Industries, Tata Steel, Shriram Finance, Coal India, and JSW Steel, which were among the top gainers. On the contrary, the top losers included Infosys, Sun Pharmaceutical Industries, ICICI Bank, Adani Ports and Axis Bank. Auto stocks were mostly trading in the green zone following the release of October sales data, with domestic passenger vehicle dispatches crossing the record 5-lakh mark in October, led by Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting their highest-ever monthly sales. Domestic passenger vehicle wholesales in October are estimated at 5.25-5.3 lakh units, compared with 4.6 lakh units in October 2025, translating to year-on-year growth of around 13%-15% despite a high base a year ago.

Oil-linked stocks including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation advanced on Monday, November 2, as crude oil prices eased after surging to six-month highs last week. Brent crude oil futures for delivery in January 2027 declined as much as 3.6% to the session's low of $109.40 per barrel after Iranian and Qatari officials held a third consecutive day of talks aimed at reaching a deal to end the US-Israeli war on Indian Oil. Lower crude oil prices can ease the cost of raw material for oil marketing companies such as IOC, BPCL and HPCL. Reliance Industries Ltd shares rallied as much as 8.2% to hit an intraday high of 1,260 per unit on the National Stock Exchange on Monday, November 2, as it posted a 41% year-on-year surge in its consolidated net profit attributable to owners of the company to 25,548 crore in the second quarter of the 2026-27 financial year.

Jio Platforms advanced as much as 3.05% to reach the session's peak of 1,475 per equity share on the NSE, after reporting a 14% YoY rise in its consolidated net profit to 8,389 crore in the July to September quarter of the financial year 2026-27, driven by subscriber gains, higher realisations per user and healthy growth in digital services. Its revenue from core operations surged 11.4% YoY to 40,475 crore in the period under review, from 36,332 crore in the same quarter of the previous year. Shares of Delhivery rose as much as 9.6% to hit an intraday high of 423 per unit on Monday, November 2, as it reported a strong topline performance and a significant sequential improvement in profitability, despite a continued inflationary cost backdrop in Q2 FY27. Its consolidated revenue from operations advanced 19.81% year-on-year to 3,066.38 crore during the quarter under review, as against 2,559.32 crore in the September quarter of the 2025-26 fiscal year.

Marico stock was trading in the red zone ahead of reporting its results for the July-September quarter of the 2026-27 financial year. Separately, the company said it expects consolidated revenue to grow in double digits with strong performance across core, digital and international portfolios for the quarter ended September 30, 2026. The FMCG firm said the India business continued its strong momentum, delivering another robust quarter with underlying volume growth touching double digits. ITC shares slipped into negative territory on November 2, ahead of its earnings report for Q2 FY27. According to experts, ITC's consolidated revenue could range from a 3% decline to a 5% rise YoY, at 18,900 crore to 20,510 crore. Revenue from the cigarette business is expected to fall sharply, as price hikes have not yet fully offset the impact of higher taxes. ITC reported consolidated revenue of 19,502 crore in the same quarter last year and 19,114 crore in the previous quarter. Net profit could decline 8% to 11% YoY to between 4,550 crore and 4,700 crore, as steep tax hikes on cigarettes weigh on consumer demand, volumes and margins.

NTPC shares jumped as much as 3.7% to hit an intraday high of 328 apiece on Monday, as the state-owned power giant reported a 40.68% YoY growth in its consolidated net profit to 7,350.8 crore in the September FY27 quarter, on the back of higher generation and improved operational efficiencies. Its consolidated revenue from operations jumped 21.2% YoY to 54,269.95 crore in the July-September quarter of the current fiscal year, as against 44,784.05 crore in the year-ago period. The stock of Coal India Ltd gained as much as 4.76% to touch the session's peak of 407.50 per equity share on the NSE, as the company said it recorded a landmark operational performance in October of the 2026-27 financial year, registering its highest-ever monthly total coal supplies and supplies to the power sector for the first time in its history. Its coal production also hit a record high for October in any financial year. The state-owned coal mining and refining enterprise said its monthly coal supplies crossed 70 million tonnes for the first time, reaching 70.3 MT and surpassing the previous monthly record of 69.4 MT set in March 2026. Dixon Technologies shares rallied as much as 13.54% to reach the day's high of 12,490 per equity share, despite reporting a 48.7% YoY fall in its consolidated net profit to 343.7 crore for the September quarter, compared with 670 crore in the same period last year. The company's profit dropped mainly due to a lower fair value gain on its stake in Aditya Infotech. Its consolidated revenue from operations rose 46.7% YoY to 21,794 crore during the quarter under review, as against 14,855 crore in the second quarter of FY26.