Reliance, Jio in Focus as Q2 Results Drive Monday Trade

Indian equities are poised for a higher start on Monday, November 2, 2026, with GIFT Nifty trading around 23,291, up nearly 205 points, or 0.89%, from the prior close of Nifty futures, according to Mint. The signal points to a potential gap-up opening for the Sensex and Nifty.

The previous session ended with gains. The BSE Sensex rose 308.49 points, or 0.42%, to close at 74,459.53 after touching an intraday high of 74,742.59. The NSE Nifty added 116.35 points, or 0.51%, to settle at 23,053.10.

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Market attention is concentrated on earnings and business updates, with fresh order wins and operational reports likely to move individual counters.

Key facts

• Reliance Industries reported a 41% year-on-year rise in consolidated net profit attributable to shareholders to ₹25,548 crore for the September quarter, from ₹18,165 crore a year earlier.
• Jio Platforms reported a 14% year-on-year rise in consolidated net profit to ₹8,389 crore in its first results since listing on the stock market.
• NTPC posted a 14% year-on-year increase in standalone net profit to ₹5,320 crore for Q2FY27, while NTPC Green Energy’s consolidated profit rose 56.2% to ₹137.5 crore.
• ITC, Marico, NALCO, NLC India, Container Corporation of India and Tata Investment Corporation were scheduled to release Q2 results on Monday, Mint reported.
• Indian Oil Corporation posted its highest-ever quarterly standalone net profit of ₹21,630 crore in Q2, turning around from a ₹2,661 crore loss in the prior quarter.

Other results in focus

Sun Pharmaceutical reported a 36% year-on-year fall in consolidated net profit to ₹1,989 crore for the September quarter, compared with ₹3,118 crore previously. Bharat Electronics posted a 19.8% year-on-year rise in standalone profit after tax to ₹1,541 crore, beating market estimates.

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SJVN’s net profit jumped to ₹657.4 crore from ₹308 crore a year ago, and Central Depository Services reported a 24% rise in net profit to ₹173 crore for the September quarter, against ₹140.2 crore previously.

Nazara Technologies announced a $77 million investment, equivalent to about ₹734.35 crore, in its wholly owned UK subsidiary, Nazara Technologies UK.

BusinessLine reported a broader set of Q2 results on October 30, including Bank of Baroda, Dixon Technologies, GAIL (India), Delhivery and GE Vernova T&D India, alongside Reliance Industries and Jio Platforms. The BusinessLine list did not include ITC, Marico, NALCO, NLC India, Container Corporation of India or Tata Investment Corporation among companies scheduled to report that day; those six are identified by Mint as Monday’s scheduled reporters.

Why it matters

The cluster of results gives investors a clearer read on earnings across energy, technology, utilities and consumer segments. Reliance’s and Jio Platforms’ figures are particularly watched as Jio Platforms’ first results since listing, setting a benchmark for valuation discussion. Strong showings from NTPC and Indian Oil contrast with Sun Pharma’s decline, highlighting uneven sector performance. For retail investors, company-specific updates rather than index moves are likely to drive individual holdings.

What to watch

Monday’s results from ITC, Marico, NALCO, NLC India, Container Corporation of India and Tata Investment Corporation, together with the opening bell and GIFT Nifty levels, will determine whether the positive pre-open signal holds through the session. This article is not financial advice, and stock markets are volatile and uncertain.

Written by

StockPil Editorial

The StockPil Editorial desk covers stock markets, business, finance, forex and crypto. Our AI-assisted newsroom builds each article from published, linked sources, checks it for accuracy before it goes live, and our editors review published articles and correct anything that needs it.

Sources: Mint, BusinessLine