GIFTNIFTY GAP UP AND RELIANCE IS ALSO READY FOR LIFTING UP..

PRE-MARKET REPORT | 2 NOVEMBER 2026 MARKET OUTLOOK: GAP-UP OPENING LIKELY | CRUDE COOLING | RELIANCE LIFTS SENTIMENT Indian markets are set for a positive start this Monday, with GIFT Nifty indicating a strong gap-up opening. The biggest support comes from easing crude oil prices, positive momentum from

s' strong Q2 results and renewed buying by foreign investors in the cash market. However, traders should remain selective. Muthoot Finance will be in focus after its Q2 results, while gold's sharp correction and higher impairment expenses deserve attention. 1. GIFT NIFTY SIGNALS A STRONG OPENING 2. CRUDE OIL SELLOFF: A MAJOR RELIEF FOR INDIA 3. RELIANCE INDUSTRIES: STRONG RESULTS LIFT MARKET SENTIMENT Reliance Industries delivered a strong Q2 FY27 performance, providing an important positive trigger for the heavyweight index. 4. MUTHOOT FINANCE: GOLD PRICE CORRECTION AND IMPAIRMENT EXPENSES IN FOCUS Muthoot Finance could remain volatile after its Q2 results and the sharp correction in gold prices. --->FII/DII ACTIVITY: FOREIGN BUYING RETURNS Friday's institutional activity offered an encouraging signal in the cash market. 30 October 2026 — Cash market flows Category Net activity FII +₹3,598.54 crore DII -₹817.51 crore --->BANK NIFTY: IMPORTANT SUPPORT AND RESISTANCE LEVELS Level Zone Immediate resistance 55,200 Major support 54,000 --->FINAL MARKET VIEW The market has three important positive triggers this morning: lower crude oil, a strong GIFT Nifty indication and robust Reliance earnings. Friday's FII cash buying adds another supportive factor. But a gap-up opening does not guarantee a strong closing. Global technology weakness and stock-specific earnings reactions could create intraday volatility.