Indian stock market closed today’s (November 02) trade on a higher note, led by the heavy-weight stock, Reliance Industries. The Nifty50 closed the trade 388 points or 1.68 per cent higher at 23,440.80, while the 30-stock BSE Sensex settled 1,233.25 points or 1.66 per cent higher at 75,692.78. The market breadth remained in the favour of bulls. Out of 3,709 stocks traded on the NSE, 2,443 advanced, while 1,167 stocks declined, and 99 scrips remained unchanged. In today’s session, 57 stocks hit a fresh 52-week high, while 142 stocks were at a new 52-week low.
Reliance Industries’ shares gained the most in the Nifty50, closing 9.4 per cent higher. It was followed by Tata Steel, JSW Steel, Shriram Finance, Coal India, and many others. On the other hand, Infosys, ICICI Bank, Dr Reddy’s Lab, Kotak Mahindra Bank, and Axis Bank were the five major losers in the index. The Nifty 50 continued its three-day winning streak, mainly led by Reliance Industries and Tata Steel.