{"id":334583,"date":"2026-11-02T11:07:32","date_gmt":"2026-11-02T05:37:32","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334583"},"modified":"2026-11-02T11:07:32","modified_gmt":"2026-11-02T05:37:32","slug":"stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/","title":{"rendered":"Stock Market Today, 2 November 2026: Why Sensex Is Up Nearly 1,000 Points and Nifty Has Reclaimed 23,300, With Reliance Surging 7.7% After Q2 Results"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Sensex 75,449.43, up 989.90 pts (+1.33%); Nifty 23,330.85, up 1.20% at 11:00 AM IST, 2 Nov. Reliance up 7.72%. Midcap 100 up 1.16%. India VIX 15.62.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Stock market today is firmly higher: at 11:00 AM IST on 2 November 2026 the Sensex was at 75,449.43, up 989.90 points or 1.33%, and the Nifty 50 at 23,330.85, up 277.75 points or 1.20%. The biggest driver is Reliance Industries, up 7.72% to Rs 1,254.80 after its Q2 FY27 results, helped by fresh foreign buying, softer crude oil and a positive start to the week. Mid-caps and small-caps are up 1.16% and 0.88%, while private banks are slightly lower.<\/p>\n<\/p><\/div>\n<p><strong>Stock market today<\/strong> opened with a strong gap-up and has held its gains: the <strong>Sensex today<\/strong> is up 989.90 points at 75,449.43 and the <strong>Nifty today<\/strong> is at 23,330.85, up 1.20%, a level above the 23,200 hurdle (the <strong>Nifty today<\/strong> is the key gauge) that analysts flagged for this week. Here is what is lifting the <strong>stock market today<\/strong>, which sectors lead, and what to watch next.<\/p>\n<p>All index and stock prices are as of 11:00 AM IST on 2 November 2026. Previous closes are from Friday, 30 October 2026, when the Nifty ended at 23,053.10 and the Sensex at 74,459.53.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Stock_Market_Today_Index_Snapshot_on_2_November_2026\" title=\"Stock Market Today: Index Snapshot on 2 November 2026\">Stock Market Today: Index Snapshot on 2 November 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Why_Is_the_Stock_Market_Up_Today_Top_Reasons\" title=\"Why Is the Stock Market Up Today? Top Reasons\">Why Is the Stock Market Up Today? Top Reasons<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#1_Reliance_Industries_Is_Carrying_the_Index\" title=\"1. Reliance Industries Is Carrying the Index\">1. Reliance Industries Is Carrying the Index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#2_Foreign_Investors_Have_Turned_Net_Buyers\" title=\"2. Foreign Investors Have Turned Net Buyers\">2. Foreign Investors Have Turned Net Buyers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#3_Crude_Oil_Has_Eased_and_Bond_Yields_Are_Lower\" title=\"3. Crude Oil Has Eased and Bond Yields Are Lower\">3. Crude Oil Has Eased and Bond Yields Are Lower<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#4_PSU_Banks_Autos_and_FMCG_Join_In\" title=\"4. PSU Banks, Autos and FMCG Join In\">4. PSU Banks, Autos and FMCG Join In<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#5_A_Gap-Up_Start_Helped_by_Global_Cues_Despite_a_Tech_Sell-Off\" title=\"5. A Gap-Up Start Helped by Global Cues, Despite a Tech Sell-Off\">5. A Gap-Up Start Helped by Global Cues, Despite a Tech Sell-Off<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#How_Strong_Is_the_Rally_What_the_Data_Says\" title=\"How Strong Is the Rally? What the Data Says\">How Strong Is the Rally? What the Data Says<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Stock_Market_Today_What_to_Watch_Through_the_Day\" title=\"Stock Market Today: What to Watch Through the Day\">Stock Market Today: What to Watch Through the Day<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Frequently_Asked_Questions_on_Stock_Market_Today\" title=\"Frequently Asked Questions on Stock Market Today\">Frequently Asked Questions on Stock Market Today<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Why_is_the_stock_market_up_today_2_November_2026\" title=\"Why is the stock market up today, 2 November 2026?\">Why is the stock market up today, 2 November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#What_is_the_Sensex_level_today\" title=\"What is the Sensex level today?\">What is the Sensex level today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Which_sectors_are_leading_the_market_today\" title=\"Which sectors are leading the market today?\">Which sectors are leading the market today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Is_the_rally_broad_or_only_a_few_stocks\" title=\"Is the rally broad or only a few stocks?\">Is the rally broad or only a few stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#What_does_India_VIX_at_1562_mean\" title=\"What does India VIX at 15.62 mean?\">What does India VIX at 15.62 mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#What_Nifty_levels_matter_after_todays_rally\" title=\"What Nifty levels matter after today&#x27;s rally?\">What Nifty levels matter after today&#x27;s rally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Which_results_are_due_on_2_November_2026\" title=\"Which results are due on 2 November 2026?\">Which results are due on 2 November 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/stock-market-today-why-sensex-nifty-are-up-over-1-percent-2-november-2026\/#Should_I_buy_stocks_after_a_1_market_rally\" title=\"Should I buy stocks after a 1% market rally?\">Should I buy stocks after a 1% market rally?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Market_Today_Index_Snapshot_on_2_November_2026\"><\/span><strong>Stock Market Today: Index Snapshot on 2 November 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Index<\/th>\n<th>Level (as of 11:00 AM IST on 2 November 2026)<\/th>\n<th>Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sensex<\/td>\n<td>75,449.43<\/td>\n<td>+989.90 (+1.33%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty 50<\/td>\n<td>23,330.85<\/td>\n<td>+277.75 (+1.20%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty Bank<\/td>\n<td>54,888.55<\/td>\n<td>+201.60 (+0.37%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty Midcap 100<\/td>\n<td>21,291.90<\/td>\n<td>+244.40 (+1.16%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty Smallcap 100<\/td>\n<td>18,625.45<\/td>\n<td>+161.85 (+0.88%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty FMCG<\/td>\n<td>43,941.35<\/td>\n<td>+332.15 (+0.76%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty PSU Bank<\/td>\n<td>8,345.95<\/td>\n<td>+111.10 (+1.35%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty Pharma<\/td>\n<td>27,185.65<\/td>\n<td>+60.80 (+0.22%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty IT<\/td>\n<td>32,672.55<\/td>\n<td>+65.65 (+0.20%)<\/td>\n<\/tr>\n<tr>\n<td>Nifty Private Bank<\/td>\n<td>27,015.80<\/td>\n<td>-37.70 (-0.14%)<\/td>\n<\/tr>\n<tr>\n<td>India VIX<\/td>\n<td>15.62<\/td>\n<td>+0.32 (+2.09%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: NSE and BSE live index data. The rally is broader than on Friday, when the Nifty 50 rose 0.51% while the Nifty Smallcap 100 fell 1.85%. Today mid-cap and small-cap indices are also in the green, so the <strong>stock market today<\/strong> is less narrow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Stock_Market_Up_Today_Top_Reasons\"><\/span><strong>Why Is the Stock Market Up Today? Top Reasons<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Reliance_Industries_Is_Carrying_the_Index\"><\/span><strong>1. Reliance Industries Is Carrying the Index<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Reliance Industries<\/strong> is up 7.72% to Rs 1,254.80 from a previous close of Rs 1,164.90, with about 4.9 crore shares traded on the NSE. The <strong>Sensex today<\/strong> is especially sensitive to it. Being one of the heaviest stocks in both the Sensex and the Nifty, a move of this size alone adds a large share of the index gain. The trigger was the Q2 FY27 result: consolidated profit after tax of Rs 29,550 crore, up 33.8% year-on-year, and oil-to-chemicals EBITDA of Rs 25,200 crore, up 68%. The Reliance move is the single biggest reason the <strong>stock market today<\/strong> looks strong. Our detailed note on the stock is in the Reliance share price article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Foreign_Investors_Have_Turned_Net_Buyers\"><\/span><strong>2. Foreign Investors Have Turned Net Buyers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Foreign institutional investors turned net buyers last week after ten weeks of selling, according to weekly market reviews, and domestic institutions kept buying. <strong>FII buying<\/strong> matters because it adds fresh liquidity to large-cap stocks, which is where the Nifty and Sensex gains are concentrated. A steady recovery in the rupee, which gained 31 paise on Friday, also supported sentiment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Crude_Oil_Has_Eased_and_Bond_Yields_Are_Lower\"><\/span><strong>3. Crude Oil Has Eased and Bond Yields Are Lower<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Crude oil<\/strong> fell about 2% in early trade, according to HDFC Securities&#8217; weekly note, which helps India as a large oil importer. Falling US 10-year Treasury yields also helped, along with better-than-expected September-quarter earnings and short covering last week. Oil marketing and upstream names are higher: Indian Oil is up 3.12%, Coal India is up 3.91% and NTPC is up 2.39%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_PSU_Banks_Autos_and_FMCG_Join_In\"><\/span><strong>4. PSU Banks, Autos and FMCG Join In<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>PSU bank stocks<\/strong> lead among banks, with Bank of Baroda up 3.31% to Rs 246.50 and the Nifty PSU Bank index up 1.35%, while private banks drag slightly. Maruti Suzuki is up 2.85% to Rs 11,722 and Hindustan Unilever is up 1.44% at Rs 1,891.50, ahead of the ITC result due today.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_A_Gap-Up_Start_Helped_by_Global_Cues_Despite_a_Tech_Sell-Off\"><\/span><strong>5. A Gap-Up Start Helped by Global Cues, Despite a Tech Sell-Off<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>GIFT Nifty indicated a gap-up of close to 200 points before the open. Asian markets opened lower on Monday as an AI-led sell-off in US technology shares continued, with the Nasdaq 100 down 3.5% on Friday, its worst session since June, according to CNBC-TV18. India has been relatively insulated because its market is less exposed to that trade, and IT and pharma led last week&#8217;s recovery.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for stocks moving with volume today<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Strong_Is_the_Rally_What_the_Data_Says\"><\/span><strong>How Strong Is the Rally? What the Data Says<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three points temper the optimism in the <strong>stock market today<\/strong>. First, the move is concentrated: Reliance alone explains a large part of the Sensex gain, so check how many stocks are actually rising before treating this as a broad rally. Second, <strong>India VIX<\/strong> is up 2.09% at 15.62 even as prices rise, which shows traders are still paying for protection. Third, the Nifty has crossed 23,200 only intraday, and weekly outlooks say a sustained close above 23,175 to 23,200 is needed to open the path to 23,500, with support at 22,800 and 22,650.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stock_Market_Today_What_to_Watch_Through_the_Day\"><\/span><strong>Stock Market Today: What to Watch Through the Day<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Stock market today<\/strong> also has earnings in focus. Results from ITC, Marico, NALCO, NLC India, CONCOR and Tata Investment Corporation are due today, and Jio Platforms&#8217; first result since listing is already out. The US midterm elections on 3 November and the week&#8217;s earnings flow, including Power Finance Corporation and RITES on 4 November, are the next market triggers. Read our week-ahead Nifty outlook for the levels.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get live Sensex and Nifty alerts on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Stock market today<\/strong> is higher because of a strong Reliance result, returning foreign flows, softer crude and a firm start to November. The Sensex is up 1.33% and the Nifty 1.20%, but with India VIX rising and the rally led by a few heavyweights, a close above the Nifty&#8217;s 23,200 zone matters more than the intraday high. Use the levels, not the headline, to plan your trades in the <strong>stock market today<\/strong>.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Stock_Market_Today\"><\/span><strong>Frequently Asked Questions on Stock Market Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_stock_market_up_today_2_November_2026\"><\/span><strong>Why is the stock market up today, 2 November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock market is up today mainly because Reliance Industries surged 7.72% after strong Q2 FY27 results. Other supports are foreign investors turning net buyers after ten weeks, crude oil easing about 2%, lower US bond yields and a gap-up start. At 11:00 AM IST the Sensex was up 989.90 points and the Nifty up 277.75 points.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Sensex_level_today\"><\/span><strong>What is the Sensex level today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Sensex was at 75,449.43 at 11:00 AM IST on 2 November 2026, up 989.90 points or 1.33% from Friday&#x27;s close of 74,459.53. The day&#x27;s range so far is 75,097.50 to 75,557.06. The Nifty 50 was at 23,330.85, up 1.20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_sectors_are_leading_the_market_today\"><\/span><strong>Which sectors are leading the market today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PSU banks lead with the Nifty PSU Bank index up 1.35%, followed by the Nifty FMCG index up 0.76%. Energy, power and auto stocks such as Indian Oil, Coal India, NTPC and Maruti Suzuki are also higher. The Nifty Private Bank index is down 0.14%, and IT and pharma are only slightly positive.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_rally_broad_or_only_a_few_stocks\"><\/span><strong>Is the rally broad or only a few stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is wider than on Friday because the Nifty Midcap 100 is up 1.16% and the Nifty Smallcap 100 is up 0.88%. Even so, the Sensex gain depends heavily on Reliance, which is up 7.72%. Checking market breadth, the number of stocks rising versus falling, gives a better read than the index alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_India_VIX_at_1562_mean\"><\/span><strong>What does India VIX at 15.62 mean?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> India VIX measures expected volatility in the Nifty over the next 30 days. At 15.62 and up 2.09% while the market rises, it suggests traders still expect sizable swings and are buying protection. Rising VIX with rising prices often means the rally is not yet seen as fully safe.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Nifty_levels_matter_after_todays_rally\"><\/span><strong>What Nifty levels matter after today&#x27;s rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Analysts quoted in weekly outlooks see resistance around 23,150 to 23,200, with a sustained move above that opening the way toward 23,500. Support is placed at 22,800 and then 22,650. The Nifty is trading above 23,300 in early trade, so a close above 23,200 would confirm the breakout.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_results_are_due_on_2_November_2026\"><\/span><strong>Which results are due on 2 November 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC, Marico, NALCO, NLC India, Container Corporation of India and Tata Investment Corporation are scheduled to announce Q2 FY27 results today. Reliance Industries, Jio Platforms, NTPC and Sun Pharma have already reported. Post-result moves in these stocks can influence sector indices through the afternoon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_stocks_after_a_1_market_rally\"><\/span><strong>Should I buy stocks after a 1% market rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A one-day rise does not by itself make stocks a buy. Check valuation, whether the move is led by a few heavyweights, and your own time horizon, and avoid chasing a gap-up. Staggered entries and a stop loss are more prudent than lump-sum buying. This is not investment advice, so consult a SEBI-registered advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is the stock market up today, 2 November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock market is up today mainly because Reliance Industries surged 7.72% after strong Q2 FY27 results. Other supports are foreign investors turning net buyers after ten weeks, crude oil easing about 2%, lower US bond yields and a gap-up start. At 11:00 AM IST the Sensex was up 989.90 points and the Nifty up 277.75 points.\"}},{\"@type\":\"Question\",\"name\":\"What is the Sensex level today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Sensex was at 75,449.43 at 11:00 AM IST on 2 November 2026, up 989.90 points or 1.33% from Friday's close of 74,459.53. The day's range so far is 75,097.50 to 75,557.06. The Nifty 50 was at 23,330.85, up 1.20%.\"}},{\"@type\":\"Question\",\"name\":\"Which sectors are leading the market today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"PSU banks lead with the Nifty PSU Bank index up 1.35%, followed by the Nifty FMCG index up 0.76%. Energy, power and auto stocks such as Indian Oil, Coal India, NTPC and Maruti Suzuki are also higher. The Nifty Private Bank index is down 0.14%, and IT and pharma are only slightly positive.\"}},{\"@type\":\"Question\",\"name\":\"Is the rally broad or only a few stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is wider than on Friday because the Nifty Midcap 100 is up 1.16% and the Nifty Smallcap 100 is up 0.88%. Even so, the Sensex gain depends heavily on Reliance, which is up 7.72%. Checking market breadth, the number of stocks rising versus falling, gives a better read than the index alone.\"}},{\"@type\":\"Question\",\"name\":\"What does India VIX at 15.62 mean?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"India VIX measures expected volatility in the Nifty over the next 30 days. At 15.62 and up 2.09% while the market rises, it suggests traders still expect sizable swings and are buying protection. Rising VIX with rising prices often means the rally is not yet seen as fully safe.\"}},{\"@type\":\"Question\",\"name\":\"What Nifty levels matter after today's rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Analysts quoted in weekly outlooks see resistance around 23,150 to 23,200, with a sustained move above that opening the way toward 23,500. Support is placed at 22,800 and then 22,650. The Nifty is trading above 23,300 in early trade, so a close above 23,200 would confirm the breakout.\"}},{\"@type\":\"Question\",\"name\":\"Which results are due on 2 November 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ITC, Marico, NALCO, NLC India, Container Corporation of India and Tata Investment Corporation are scheduled to announce Q2 FY27 results today. Reliance Industries, Jio Platforms, NTPC and Sun Pharma have already reported. Post-result moves in these stocks can influence sector indices through the afternoon.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy stocks after a 1% market rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A one-day rise does not by itself make stocks a buy. Check valuation, whether the move is led by a few heavyweights, and your own time horizon, and avoid chasing a gap-up. Staggered entries and a stop loss are more prudent than lump-sum buying. This is not investment advice, so consult a SEBI-registered advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stock market today: Sensex is up nearly 1,000 points and Nifty has reclaimed 23,300 on 2 November 2026. Reliance&#8217;s 7.7% jump, FII buying and softer crude explain the rally, plus the levels to watch.<\/p>\n","protected":false},"author":34,"featured_media":334582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[4141,18923,5176,4899,4219,4352,4580,1210],"class_list":["post-334583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-crude-oil","tag-fii-buying","tag-india-vix","tag-nifty-today","tag-psu-bank-stocks","tag-reliance-industries","tag-sensex-today","tag-stock-market-today"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["334582"],"rank_math_title":["Stock Market Today: Sensex 75,449, Nifty 23,330 on 2 Nov 2026"],"rank_math_description":["Stock market today: Sensex jumps 989 points and Nifty gains 1.2% on 2 November 2026 as Reliance surges 7.7%, FIIs return and crude eases. Top reasons for the rally."],"rank_math_focus_keyword":["stock market today"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/stock-market-today-2-november-2026-why-sensex-is-up-nearly-1-000-points-and.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/334583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=334583"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/334583\/revisions"}],"predecessor-version":[{"id":334584,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/334583\/revisions\/334584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/334582"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=334583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=334583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=334583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}