Dalal Street kicked off the week with a spectacular rally as the Nifty zoomed past 23,400, propelled by Reliance Industries. RIL shares surged ~11% after smashing estimates with a 41% YoY jump in Q2 PAT, driven by robust O2C and Jio margins. Sentiment received another massive boost as SEBI reportedly recommended scrapping the 12.5% LTCG tax for foreign investors in its pre-Budget pitch. In the defence space, GRSE and Goa Shipyard bagged a colossal ₹53,866 crore order for 8 Next Generation Corvettes. Join tonight’s wrap-up as we map the 23,500 breakout grid for 03-Nov-26.
