Reliance Industries, Jio Platforms, NTPC among stocks to watch on Monday
Indian equity benchmarks are expected to open higher as GIFT Nifty signals a positive start for the domestic market.
The Indian stock market is expected to open higher on Monday, November 2, with GIFT Nifty trading around 23,291, according to Mint. This indicates a potential gap-up opening following Friday, when the BSE Sensex closed at 74,459.53 and the NSE Nifty settled at 23,053.10.
Several companies are expected to remain in focus as investors track September-quarter earnings and corporate developments. Reliance Industries, Jio Platforms, ITC, Marico, NTPC, CDSL, SJVN, Mahindra & Mahindra, Indian Oil Corporation, and Hero MotoCorp are among the stocks being watched, Mint reported.
Reliance Industries reported a 41 per cent year-on-year rise in consolidated net profit to ₹25,548 crore for the September quarter. Jio Platforms, which recently made its stock market debut, reported a 14 per cent year-on-year growth in consolidated net profit at ₹8,389 crore.
State-owned NTPC reported a 14 per cent year-on-year increase in standalone net profit to ₹5,320 crore for Q2FY27. NTPC Green Energy recorded a 56.2 per cent year-on-year jump in consolidated net profit to ₹137.5 crore for the same period.
Other notable movements include Indian Oil Corporation reporting a quarterly standalone net profit of ₹21,630 crore, while Sun Pharmaceutical Industries saw a 36 per cent year-on-year decline in consolidated net profit to ₹1,989 crore for the September quarter.
Additionally, Central Depository Services (India) Ltd reported a 24 per cent year-on-year growth in net profit to ₹173 crore for the September quarter. SJVN reported its net profit increased to ₹657.4 crore from ₹308 crore in the corresponding quarter last year.