Indian Stock Market Outlook November 2, 2026

Indian equity markets are expected to witness range-bound trading on Monday, with investors closely tracking global cues, crude oil prices and foreign institutional investor (FII) activity. The Nifty 50 closed at 23,053.10, gaining 0.51%, while the Sensex advanced 0.42% on Friday. Market sentiment has improved following a weekly recovery, supported by buying in IT and pharmaceutical stocks. However, rising Brent crude prices, West Asian tensions and uncertainty around global markets could limit further upside. Investors will also monitor India's manufacturing PMI data and fresh institutional flows. Overall, a cautious approach is advisable. Stock to watch : !INFY Infosys will remain in focus on Monday following positive momentum in IT stocks. The IT sector has been among the key contributors to the recent market recovery. Investors will watch for continued buying interest in the stock, along with global technology-sector trends and developments in AI-related spending. Sustained momentum could support further upside, while profit-booking remains a key risk.