Indian equity markets are poised for a positive start today, Monday, November 2, 2026, as indicated by GIFT Nifty futures trading 172.10 points, or 0.75 percent, higher at 23,271. This optimistic outlook comes as traders evaluate ongoing diplomatic efforts to de-escalate tensions between the US and Iran, with crude oil price movements also playing a crucial role in market sentiment.
Key Stocks in the Spotlight
Several prominent companies are anticipated to capture investor attention ahead of the opening bell:
- Reliance Industries (RIL): The conglomerate reported a robust 33.8 percent year-on-year (YoY) increase in net profit, reaching Rs 29,550 crore for the quarter ended September 30, 2026. Revenue also saw a significant jump of 27.8 percent YoY to Rs 3.62 lakh crore, with EBITDA rising 23.9 percent YoY to Rs 62,409 crore.
- Jio Platforms: The telecom arm posted a 13.7 percent YoY surge in net profit to Rs 8,387 crore and an 11.3 percent YoY rise in revenue to Rs 47,485 crore for the September 2026 quarter. EBITDA grew 16.6 percent YoY to Rs 21,879 crore, and Average Revenue Per User (ARPU) improved by 3.5 percent YoY to Rs 218.80.
- Bharat Electronics (BEL): The state-run defense firm registered a 19.8 percent YoY increase in net profit at Rs 1,541 crore for the July-September 2026 quarter, with revenue up 26.5 percent YoY to Rs 7,291 crore. BEL's order book stood strong at Rs 68,717 crore as of October 1, 2026.
- Coal India: The public sector coal miner achieved a significant milestone, with its monthly coal supplies exceeding the 70-million-tonne (MT) mark for the first time, reaching 70.3 MT in October 2026. This represents a substantial 19 percent growth compared to the same period last year.
- Bank of Baroda (BoB): The state-run lender reported a 35.8 percent YoY increase in net profit to Rs 6,531.5 crore for Q2 FY27. Net interest income grew 9 percent YoY to Rs 13,026.3 crore, and operating profit surged 50.9 percent YoY to Rs 11,430.1 crore, alongside improvements in non-performing assets (NPAs).
- EAAA India Alternatives: The alternative investment player is set to make its stock market debut today, November 2, 2026. The company successfully raised Rs 1,200 crore through its IPO, which was subscribed 5.5 times.
Other Companies and Sectoral Updates
The automobile sector, encompassing two- and three-wheelers, passenger vehicles, commercial vehicles, and EV companies, will be closely watched for their October 2026 sales figures. Additionally, companies like ITC, One Mobikwik Systems, Marico, and others are scheduled to announce their quarterly results today.
In other corporate news, Krishna Institute of Medical Sciences (KIMS) expanded its hospital bed capacity, Affle 3i announced an acquisition of Perion Network, and Nazara Technologies invested in its UK subsidiary. NCC secured new orders totaling Rs 1,862.45 crore across its divisions. Waaree Renewable Technologies signed a five-year operation and maintenance agreement for a 360 MWp solar project, and RBM Infracon received a significant work order from Epitome Industries. Granules India reported eleven observations from a USFDA inspection, while Bajaj Electricals received a tax demand of Rs 112.32 crore from the Income Tax Department.