Top Gainers & Losers: Reliance Industries Surges Over 11%, Monday, November 02, 2026

Top Nifty 50 Gainers Today

• Reliance Industries: up 11.60%
• Tata Steel: up 5.83%
• JSW Steel: up 5.13%
• Coal India: up 4.88%

Top Nifty 50 Losers Today

• Infosys: down 2.03%
• ICICI Bank: down 0.76%
• Dr. Reddy's Laboratories: down 0.74%
• Kotak Mahindra Bank: down 0.70%

Analysis: Reasons Behind the Moves

• Heavyweight Catalyst: Reliance Industries led the market's surge with its strongest single-day gain in years, fueled by strong quarterly financial performance and valuation momentum surrounding its telecom and digital arm, Jio Platforms.
• Cooling Crude Oil Prices: Crude oil declined by over 3% amid optimism regarding diplomatic negotiations surrounding Iran. Lower energy import costs and easing inflation expectations supported broader market sentiment across Indian equities.
• Metal Sector Momentum: Tata Steel and JSW Steel experienced strong buying interest, underpinned by broader cyclical optimism and sectoral inflows.
• IT Under Pressure: Tech bellwether Infosys slipped following global weakness in technology stocks and concerns regarding heavy artificial intelligence expenditures weighing on international tech indices like the Nasdaq.
• Selective Profit Booking: Financial heavyweights like ICICI Bank and Kotak Mahindra Bank, along with pharmaceutical major Dr. Reddy's Laboratories, bucked the broader market advance as investors rotated capital into outperforming energy, infrastructure, and metal sectors.