Domestic equity benchmarks kicked off the trading week with decisive gains on Monday, extending their upward trajectory into a fourth consecutive session. Despite weak sentiment across global markets from early morning hours, Indian indices opened on a firm footing. By 9:27 AM, the Sensex had climbed 771 points to touch the 75,233 level, while the Nifty advanced 207 points to trade at 23,260. Widespread buying across heavyweights sustained the early momentum across the board.
Benchmark Indices Accelerate Across Early Trade
Trading activity on November 2 gathered pace immediately after the opening bell, with the Sensex jumping 860 points to cross the critical 75,000 threshold within minutes. The upward move intensified as the session unfolded; by 9:45 AM, the Sensex had accumulated an advance of 943 points, while the Nifty gained 265 points. This rally builds directly upon the previous week's performance, during which the Sensex rose by 1,335 points and the Nifty added 453 points across five trading days.
Reliance Industries Leads Heavyweight Surge
Energy-to-telecom heavyweight Reliance Industries served as a primary catalyst behind Monday's index surge. Following strong momentum tied to Jio Platforms in the previous week, the stock witnessed heavy buying right from the opening bell. Reliance Industries shares initially jumped 4.30 percent to trade at Rs 1,214, subsequently crossing a 5 percent intraday advance during the morning session to lift overall market sentiment.
BSE Market Capitalisation Climbs to Rs 478 Lakh Crore
The swift rally in index majors translated into substantial capital appreciation across Dalal Street. Within the opening stretch of the session, cumulative investor wealth expanded by more than Rs 4 lakh crore. Total market capitalisation of all companies listed on the BSE reached Rs 478 lakh crore, highlighting strong domestic resilience even amid global headwinds.
