India stocks to watch: Reliance, Jio, NTPC, ITC
The Indian equity market is poised for a positive start on Monday, November 2, as the GIFT Nifty index traded around 23,291, up roughly 205 points or 0.89% from the previous close of Nifty futures, suggesting a gap-up opening for the domestic benchmarks.
Friday saw the BSE Sensex close at 74,459.53, gaining 308.49 points (0.42%) and peaking intraday at 74,742.59, while the NSE Nifty settled at 23,053.10, up 116.35 points (0.51%). The gains were driven by robust buying in information-technology stocks and earnings-driven momentum in Trent, the retail arm of the Tata Group.
Several stocks are expected to stay in focus as companies release business updates and corporate developments. Among the highlighted names are Reliance Industries, Jio Platforms, ITC, Marico, NTPC, Central Depository Services (India) Ltd (CSDL) and SJVN.
Reliance Industries posted a 41% year-on-year rise in consolidated net profit to ₹25,548 crore for the September quarter, up from ₹18,165 crore a year earlier. Jio Platforms reported a 14% year-on-year increase in consolidated net profit, reaching ₹8,389 crore in its first quarterly earnings after debuting on the market earlier this week.
State-owned NTPC Green Energy recorded a 56.2% year-on-year jump in consolidated net profit to ₹137.5 crore for Q2FY27, while the parent NTPC posted a 14% rise in standalone net profit to ₹5,320 crore. Central Depository Services (India) Ltd posted a 24% year-on-year profit increase to ₹173 crore.
Conversely, Sun Pharma’s consolidated net profit fell 36% year-on-year to ₹1,989 crore, and Indian Oil Corporation reported its highest quarterly standalone net profit of ₹21,630 crore after a loss in the prior quarter. Bharat Electronics Ltd posted a 19.8% rise in standalone profit after tax to ₹1,541 crore, and SJVN’s net profit rose sharply to ₹657.4 crore.
Nazara Technologies announced a $77 million (approximately ₹734.35 crore) investment in its wholly owned UK subsidiary, Nazara Technologies UK.
Why it matters
These earnings and market signals help investors gauge sector momentum and identify stocks that could drive portfolio performance.
FAQ
What was the GIFT Nifty level indicating a potential gap-up opening?
GIFT Nifty was trading around 23,291, up nearly 205 points or 0.89% from the previous close.
How much did Reliance Industries' net profit increase year-on-year?
Reliance Industries reported a 41% year-on-year rise in consolidated net profit to ₹25,548 crore.
Which company posted the highest quarterly standalone net profit?
Indian Oil Corporation reported its highest-ever quarterly standalone net profit of ₹21,630 crore in Q2.
What investment did Nazara Technologies announce?
Nazara Technologies announced a $77 million (≈₹734.35 crore) investment in its UK subsidiary.
Source: Mint Markets. See the original source for full details.
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