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Indices maintain strong gains in late morning deals
Nov-02-2026

Domestic equity indices maintained their strong gains in late morning trade as market participants increased their positions. Declining crude oil prices boosted domestic market sentiment. Brent crude oil fell below $110 a barrel amid reports that both the U.S. and Iran seek diplomatic options to their conflict. Further, sentiment got boost as the government data has showed that gross Goods and Services Tax (GST) collections jumped 22.9 per cent year-on-year to Rs 2.31 lakh crore in October 2026.  

Sensex surged 1.34%, while Nifty rose 1.22% on account of hectic buying in Reliance Industries, Larsen & Toubro, State Bank of India, Maruti Suzuki India, Tata Consultancy Services and Bajaj Finance. All the sectoral indices on the BSE were trading in the green led by Energy, Oil & Gas, Utilities, Power and Metal. On the global front, Asian markets were trading mixed following negative cues from the US markets on Friday.   

The BSE Sensex is currently trading at 75456.03, up by 996.50 points or 1.34% after trading in a range of 75097.50 and 75557.06. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were Energy up by 4.36%, Oil & Gas up by 3.46%, Utilities up by 2.26%, Power up by 2.25% and Metal up by 2.23%, while there were no losers on sectoral indices. 

The top gainers on the Sensex were Reliance Industries up by 7.99%, Tata Steel up by 4.03%, NTPC up by 2.66%, Maruti Suzuki India up by 2.58% and Larsen & Toubro up by 2.06%. On the flip side, Infosys down by 0.85%, Adani Ports down by 0.59%, Sun Pharma down by 0.40%, Axis Bank down by 0.31% and ICICI Bank down by 0.22% were the top losers.

Meanwhile, the government data has showed that gross Goods and Services Tax (GST) collections jumped 22.9 per cent year-on-year to Rs 2.31 lakh crore in October 2026 as festive buying boosted domestic demand. October's collections were the second-highest in the current financial year (FY27), after the Rs 2.43 lakh crore mop-up recorded in April. Also, the 22.9 per cent year-on-year growth clocked during the month is the fastest recorded pace of gross mop-up in the current fiscal year.  

According to the data, gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore. The total gross GST revenue of Rs 2.31 lakh crore includes Central GST (CGST) mop-up of 42,935 crore, State GST (SGST) of Rs 51,340 crore and Integrated GST (IGST) of over Rs 1.37 lakh crore.

It further indicated that GST refunds increased 6.5 per cent year-on-year to Rs 27,934 crore in October. After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October. For the April-October period of FY27, cumulative gross GST collections stood at Rs 14.77 lakh crore, an increase of 13.2 percent over Rs 13.05 lakh crore in the corresponding period last year. Net GST collections for the first seven months of the financial year rose 13 percent to Rs 12.69 lakh crore.

The CNX Nifty is currently trading at 23333.50, up by 280.40 points or 1.22% after trading in a range of 23211.80 and 23360.50. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Reliance Industries up by 7.78%, Shriram Finance up by 5.08%, Tata Steel up by 4.68%, Max Healthcare up by 4.65% and JIO Financial up by 4.22%. On the flip side, Adani Ports down by 1.24%, Infosys down by 0.80%, ICICI Bank down by 0.77%, Eicher Motors down by 0.55% and Axis Bank down by 0.54% were the top losers.

Asian markets were trading mixed; Jakarta Composite gained 48.15 points or 0.94% to 5,105.20, Shanghai Composite strengthened 43.13 points or 1.2% to 3,642.15, KOSPI increased 159.64 points or 2.79% to 5,890.38 and Hang Seng advanced 146.58 points or 0.63% to 23,441.00. However, Nikkei 225 slipped 75.11 points or 0.12% to 63,215.00, Taiwan Weighted lost 291.69 points or 0.65% to 44,920.14 and Straits Times fell 69.45 points or 1.29% to 5,307.29.
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