Stock market this week: Nifty 50 jumps 8.58% as NBFC stocks lead, smallcaps lag
The Nifty 50 rose 8.58% to 25,030.35 in the week of 2 November 2026; 1,956 NSE stocks advanced and 659 declined, and Nifty NBFC led sectors with a 13.59% gain.
Key points
- The Nifty 50 closed the week of 2 November 2026 at 25,030.35, up 1,977.25 points or 8.58% over five sessions.
- The NIFTY Smallcap 100 rose only 2.77% and the NIFTY Midcap 100 5.77%, while India VIX climbed 14.18% to 17.47.
- Nifty NBFC led sectors with a 13.59% gain; HEG Advanced Materials was the top gainer at 23.68% and MTAR Technologies the top loser at -20.32%.
The Nifty 50 ended the week of 2 November 2026 at 25,030.35, up 1,977.25 points or 8.58% from its close of 30 October, over five sessions. Breadth was strongly positive: 1,956 NSE stocks advanced and 659 declined over the week, and within the Nifty 500, 428 rose against 69 that fell. The full figures sit on Oquilia's week of 2 November market page.
Index Scorecard
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,030.35 | +1,977.25 | +8.58% |
| Nifty Next 50 | 71,657.80 | +3,948.70 | +5.83% |
| Nifty 500 | 23,456.95 | +1,561.05 | +7.13% |
| Nifty Bank | 59,086.00 | +4,399.05 | +8.04% |
| NIFTY Midcap 100 | 60,606.65 | +3,305.40 | +5.77% |
| NIFTY Smallcap 100 | 18,975.05 | +511.45 | +2.77% |
| India VIX | 17.47 | +2.17 | +14.18% |
Large caps led the week by a wide margin: the Nifty 50's 8.58% gain was roughly three times the NIFTY Smallcap 100's 2.77%, and the NIFTY Midcap 100 rose 5.77%. The Nifty Bank index added 8.04% to close at 59,086.00. India VIX, the gauge of expected volatility, climbed 14.18% to 17.47 even as prices rose.
Gainers and Losers
Top ten gainers among liquid NSE stocks over the week:
| Stock | Industry | Close (Rs) | % change |
|---|---|---|---|
| HEG Advanced Materials | Capital Goods | 293.87 | +23.68% |
| Cartrade Tech | Consumer Services | 2,700.00 | +23.30% |
| UNO Minda | Automobile and Auto Components | 1,326.00 | +22.49% |
| Linde India | Chemicals | 6,859.00 | +21.37% |
| Muthoot Finance | Financial Services | 2,869.00 | +19.11% |
| JK Tyre & Industries | Automobile and Auto Components | 359.25 | +19.04% |
| Piramal Finance | Financial Services | 2,161.80 | +18.98% |
| Ashok Leyland | Capital Goods | 172.09 | +18.83% |
| Kalyan Jewellers India | Consumer Durables | 590.75 | +18.62% |
| IIFL Finance | Financial Services | 625.75 | +18.59% |
Top ten losers among liquid NSE stocks over the week:
| Stock | Industry | Close (Rs) | % change |
|---|---|---|---|
| MTAR Technologies | Capital Goods | 5,448.50 | -20.32% |
| TD Power Systems | Capital Goods | 576.50 | -19.25% |
| PI Industries | Chemicals | 1,735.00 | -17.38% |
| AIA Engineering | Capital Goods | 3,113.60 | -13.41% |
| Sterlite Technologies | Telecommunication | 719.90 | -12.69% |
| Kirloskar Oil Engines | Capital Goods | 1,582.50 | -11.89% |
| Thermax | Capital Goods | 2,746.30 | -11.76% |
| Great Eastern Shipping | Services | 1,428.70 | -10.35% |
| Syrma SGS Technology | Capital Goods | 1,459.30 | -10.21% |
| Apar Industries | Capital Goods | 14,106.00 | -10.03% |
HEG Advanced Materials closed just 0.52% below its 52-week closing high and UNO Minda 0.79% below, while Muthoot Finance, despite its 19.11% gain, is still 29.88% under its 52-week high and JK Tyre 40.61% under. Capital goods names made up seven of the ten losers; PI Industries, AIA Engineering and Thermax all closed at 52-week lows, with PI Industries 54.59% below its 52-week high. More weekly movers are on Oquilia's top gainers this week page and the top gainers of 2026 list.
Sectors and Breadth
Every NSE sectoral and thematic index rose over the week. Financial indices led:
- Best five: Nifty NBFC +13.59%, Nifty India Corporate Group Index - Mahindra Group +10.75%, Nifty Capital Markets +10.73%, Nifty Financial Services Ex-Bank +10.69%, Nifty Financial Services 25/50 +10.67%.
- Weakest five: Nifty MidSmall IT & Telecom +0.59%, Nifty IT +1.14%, Nifty REITs & InvITs 90:10 +1.14%, Nifty REITs & InvITs +1.22%, Nifty Telecommunications +1.48%.
Outside finance, Nifty Cement gained 10.37%, Nifty Realty 10.17% and Nifty Auto 9.40%, while Nifty Pharma rose 3.01%.
Across all NSE main-board stocks, 1,956 advanced, 659 declined and 8 were unchanged. In the Nifty 500, advances were 428 against 69 declines and none unchanged. During the week 97 stocks closed at a 52-week closing high, 34 of them in the Nifty 500, including ICICI Bank at 1,571.20 on 6 November; 115 stocks closed at a 52-week low, 23 of them in the Nifty 500.
Volumes and Deals
The three largest volume shockers against their own previous 20 sessions were ITI, which traded 55.9 times its norm and rose 15.24%; TTK Prestige, at 42.3 times with a 19.13% gain; and Gujarat Alkalies and Chemicals, at 39.9 times with a 12.75% gain.
On delivery, BN Agrochem saw 75.5% of traded shares delivered against 13.8% before, rising 15.84%; Sunteck Realty 54.7% against 8%, up 6.46%; and Teamlease Services 68% against 21.3%, down 6.58%.
The largest deal by value was in Gallantt Ispat on 3 November, reported as both a bulk and a block deal: DINESH R AGARWAL sold 50,00,000 shares at Rs 501 to SURYALAXMI INFRACON PRIVATE LIMITED, worth Rs 250.5 crore. In PI Industries on 5 November, GRAVITON RESEARCH CAPITAL LLP sold 11,65,533 shares at Rs 1,852.93 (Rs 215.97 crore) and bought 11,59,472 shares at Rs 1,851.73 (Rs 214.70 crore). In EAAA India Alternatives on 2 November, HDFC MUTUAL FUND bought 8,06,167 shares at Rs 1,679.75 (Rs 135.42 crore) and CARNELIAN ASSET MANAGEMENT & ADVISORS PRIVATE LIMITED bought 7,00,000 shares at Rs 1,691.80 (Rs 118.43 crore). Among block deals, CELLO PENS AND STATIONERY PRIVATE LIMITED bought 25,00,000 shares of Ajmera Realty at Rs 141 from VALUEQUEST INVESTMENT ADVISORS PRIVATE LIMITED on 4 November, worth Rs 35.25 crore.
FAQ
How did the stock market do this week?
The Nifty 50 rose 8.58% over the five sessions of the week of 2 November 2026 to close at 25,030.35, with 1,956 NSE stocks advancing and 659 declining.
Which stock gained the most this week?
Among liquid NSE stocks, HEG Advanced Materials gained the most, up 23.68% to Rs 293.87. MTAR Technologies fell the most, down 20.32% to Rs 5,448.50.
Which sector performed best this week?
Nifty NBFC was the best sectoral index, up 13.59%. Every sectoral index rose; Nifty MidSmall IT & Telecom gained the least, 0.59%.
Where do these figures come from?
All figures come from NSE's end-of-day files, including the equity bhavcopy, the index closing values and NSE's bulk deal and block deal files, covering 30 October to 6 November 2026.
Figures are from NSE's end-of-day files for Week of 2 Nov 2026, with moves adjusted for splits and bonuses. This report is for information only and is not investment advice.
Sources & Citations
- NSE equity bhavcopy (prices, volume, delivery) — National Stock Exchange of India
- NSE index closing values — National Stock Exchange of India