Market Wrap

Market Wrap, 2 November 2026: Sensex and Nifty Rally as Markets Watch Global Cues

Daily market summary covering Sensex and Nifty gains, currency movements, Q2 earnings, and IPO listings.

Monminds Research

Monminds Research Team

2 Nov 2026 · 3 min read

What moved the markets

Fortune India reported that Reliance and metal stocks powered a Sensex and Nifty rally while IT stocks declined. Equitymaster stated that the Sensex rallied 1,233 points and the Nifty ended above 23,400.

The Economic Times reported that the Sensex soared 1,233 points, the Nifty ended above 23,400, and outlined seven factors behind an 8 lakh crore movement, while IndiaIPO also noted a 1,233 point surge in the Sensex.

Economy and policy

NDTV Profit reported that a professor flagged 19% credit versus 10% GDP, indicating inflation greater than rupee risk, and urged the RBI to rein in bank credit.

Mumbai Mirror reported that RBI Foreign Currency Assets dropped $55 billion in seven weeks as the central bank sold dollars to defend the rupee.

Companies and earnings

Kalkine India reported Q2 FY27 financial results and updates for United Breweries, Teamo Productions HQ, Narayana Hrudayalaya, JTL Industries, CAMS, BCL Industries, and GPT Infraprojects.

Simply Wall St noted analysts updating their Computer Age Management Services Limited estimates after its second-quarter results, while Reuters reported Axis AMC stating Indian stocks may recover on steady growth and earnings.

Global cues

The Avenue Mail and DT Next reported that the rupee fell 21 paise to 94.97 against the US dollar in early trade. HDFC Sky and Rediff MoneyWiz reported that the rupee closed at 94.86, down 10 paise as the dollar firms.

Swarajya reported that FPIs withdrew Rs 34,843 crore from Indian equities in October amid global market uncertainty.

IPOs

Upstox reported that EAAA India Alternatives shares listed at a 0.6% premium on the NSE and showed how much investors made per lot. The Economic Times reported South Eastern Coalfields filed a DRHP with SEBI for an IPO, with Coal India to offload 66.8 crore shares.

Fortune India and Rediff MoneyWiz reported that EAAA India Alternatives made a flat debut, with shares listing at a 0.63% premium and up 1% from the IPO price respectively.

Where this comes from

This wrap summarises headlines published by the sources named above; every headline links to its publisher on the News page. Monminds Research does not verify or add to those reports, and nothing here is investment advice.

Editor's note

Monminds Research is an analytics, research-workflow, and decision-support platform — not a guaranteed-returns product, and nothing on this site is personalized investment advice.

See it on a real company

Look up any NSE-listed company for its share price, key ratios and Monminds Score, free.