Sensex zooms 1,000 points; Nifty rallies 1%:Reliance’s strong corporate results, oil price slip robust GST collection boost investor sentiment

Indian markets opened in heavy buying mode on Monday, 2 November, 2026. Reliance’s strong corporate results, a slip in oil prices, and robust GST collections gave investor sentiment a much-needed boost. The 30-company Sensex rallied 1,000 points to 75,366.06 points, while the 50-company Nifty zoomed 250 points to 23,268 points. Oil drops Price of contract of global benchmark of oil, Brent Crude, fell drastically to $110 per barrel. Reliance up 5% After strong quarterly results, Reliance Industries Limited’s (RIL) shares rallied nearly 5% on Monday. The September 2026 quarter profits rose 33.7% year-on-year (YoY) to ₹29,550 crore from ₹22,092 crore in Q2 FY26. While the oil to data conglomerate’s revenue in Q2 FY27 increased 28% YoY to ₹3.32 lakh crore from ₹2.58 lakh crore in the year-ago period. Sectorally, barring Nifty IT, media, pharma and healthcare, all other indices traded with gains. Nifty Oil Gas was the highest gainer, rising nearly 3%. GST mop-up surges 23% to 2nd-highest level of ₹2.31 lakh cr in Oct on festive demand boost GST collections jumped 23% year-on-year to the second-highest level of over ₹2.31 lakh crore in October as festive buying boosted domestic demand, according to government data released on Sunday. Foreign investors (FIIs) bought shares worth ₹7,767 crore in seven days Note: The net buying/selling figures for FIIs and DIIs are in ₹ crore. Asian markets see mixed trading today US market declined on 30 October Previous Session Recap (October 30) On October 30, Indian benchmark indices recorded strong gains: BSE Sensex: Closed 308 points higher at 74,459. NSE Nifty: Gained 116 points to cross 23,000 mark.