RIL, Dixon Tech, Coal India among buzzing stocks: NIFTY trades over 23,200, SENSEX off day’s high

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, metal, and more.

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.

Buzzing stocks on November 2: Check list

Shares of automobile companies, such as Maruti Suzuki India (MSIL), Tata Motors Passenger Vehicles, Mahindra & Mahindra (M&M), Hyundai Motor India and others were mostly trading in the green zone following the release of October sales data.

Buoyed by robust festive demand, domestic passenger vehicle (PV) dispatches crossed the record 5-lakh mark in October, with leading automakers such as Maruti Suzuki, Hyundai and M&M 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. This translates to year-on-year growth of around 13%-15%, despite a high base a year ago.

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 (bbl), after Iranian and Qatari officials held a third consecutive day of talks aimed at reaching a deal to end the US-Israeli war on Iran.

Lower crude oil prices can ease the cost of raw material for oil marketing companies (OMCs) such as IOC, BPCL and HPCL.

Shares of oil-to-telecom conglomerate Reliance Industries (RIL) rallied as much as 8.2% to hit an intraday high of ₹1,260 per unit on the National Stock Exchange (NSE) on Monday, November 2, as it posted a 41% year-on-year (YoY) 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 (Q2 FY27).

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹18,165 crore. The YoY growth in profit was supported by a strong increase in revenues from the Oil to Chemicals (O2C) segment in the period, according to a regulatory filing.

Its total revenue from core operations advanced 28.5% YoY to ₹3,32,861 crore in the second quarter, from ₹2,58,898 crore in the same quarter of the previous financial year.

The stock of newly listed 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.

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹7,379 crore, according to a regulatory filing dated October 30.

Its revenue from core operations (less GST recovered in the period) 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 (revenue) performance and a significant sequential improvement in profitability, despite a continued inflationary cost backdrop in Q2 FY27.

It had posted a consolidated net profit of ₹40.64 crore for the quarter under review, compared with a loss of ₹50.38 crore in the same period last year. Furthermore, its profit grew 27.4% quarter-on-quarter (QoQ) from ₹31.91 crore in the June quarter of FY27 (Q1 FY27), according to a regulatory filing dated October 30.

The firm’s consolidated revenue from operations advanced 19.81% year-on-year (YoY) 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 (Q2 FY26).

Its express parcel volume recorded a 32% YoY increase to 325 million shipments in Q2 FY27. Additionally, its part truckload (PTL) saw a 14% YoY jump to 545K MT for the quarter.

Marico stock was trading in the red zone ahead of reporting its results for the July-September quarter of the 2026-27 financial year (Q2 FY27) on Monday.

Separately, in a business update dated October 5, 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 company said that, with a strong performance through the first half of the year, Marico is likely to surpass near-term guidance across key financial parameters.

The FMCG firm in a regulatory filing 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 widely, 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. The company reported a net profit of ₹5,126 crore in Q2FY26 and ₹4,394 crore in the previous quarter.

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.

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹5,225.3 crore, according to a regulatory filing.

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 (CIL) 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 (FY27), 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, according to a regulatory filing dated November 1.

The state-owned coal mining and refining enterprise said its monthly coal supplies crossed 70 million tonnes (MT) for the first time, reaching 70.3 MT and surpassing the previous monthly record of 69.4 MT set in March 2026.

Indian Oil shares rose nearly 5% to hit an intraday high of ₹136.40 apiece on Monday’s market, as investors focused on the government-owned oil and gas refining company’s strong Q2 FY27 financial performance, along with support from a sharp pullback in global crude oil prices.

In its Q2 earnings, Indian Oil recorded a 174% YoY growth in its consolidated net profits to ₹21,408 crore, in comparison to ₹7,818 crore in the corresponding quarter of the previous fiscal year.

The overall revenue from core operations advanced 29.8% YoY to ₹2,68,039 crore in the period under review, from ₹2,06,447 crore in the same quarter a year earlier.

The stock of Dixon Technologies 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.

Jupiter Wagons shares grew as much as 4.6% to hit an intraday high of ₹190.11 per unit on Monday, November 2, as it bagged fresh orders worth over ₹324 crore (including GST), comprising a Letter of Intent from GATX India Private Limited and an order from Chetak International Private Limited, both for its new-design ACT2 wagon platform.

Jupiter Wagons has received a Letter of Intent from GATX India Private Limited, a leading railleasing company, for the manufacture and supply of 10 rakes of ACT2 wagons, comprising 270 ACT2 wagons. The Letter of Intent is valued at ₹214.94 crore, according to a regulatory filing.

Separately, the company received an order from Chetak International Private Limited for the manufacture and supply of 5 rakes of ACT2 wagons, comprising 135 ACT2. The order is valued at ₹109.10 crore.

Shares of EAAA India Alternatives Ltd, an arm of Edelweiss Financial Services, debuted at ₹1,675.50 apiece on the NSE on Monday, November 2. This reflects a premium of 0.63% over the IPO issue price of ₹1,665 per unit. On the BSE, the stock listed at ₹1,673 per share, up 0.48% from the issue price.

A lot consisted of 9 shares and cost ₹14,985. Investors who received EAAA India Alternatives IPO allotment made ₹94.5 per lot, taking the value of their investment to ₹15,079.5, as per the listing price on the NSE.

The IPO was entirely an offer-for-sale (OFS) of ₹1,200 crore by the Edelweiss Group, with no fresh issue component. Hence, the company will not receive any proceeds from the IPO. The selling shareholder will get the entire amount.