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Nifty Midcap 100 and Smallcap 100 rise on November 2 with Dixon Tech and Cochin Shipyard leading gains

During intraday trade on Monday, November 2, the broader market performance was in line with the benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 rising 1.3% and 0.9%, respectively. The Indian stock market was trading in green in the later afternoon session amid broad-based buying across sectors while investors' sentiment was supported by the easing crude oil prices. Brent crude futures fell around 2-3% on Monday, retreating towards $110 a barrel after touching a six-month high of around $118 past week. Hopes of a possible diplomatic breakthrough eased concerns over further escalation in the conflict and potential disruptions to global oil supplies.

The SENSEX jumped as much as 1.4% to an intra-day high of 75,557.06, while the NIFTY50 reached the session's high of 23,360.50. Last week ended October 23, the broader market outperformed the main equity benchmark indices, with the NIFTY Midcap 100 and NIFTY Smallcap 100 soaring 2.7% and 4.1%, respectively. Opening at the 57,472.10 level, the NIFTY Midcap 100 index touched a high of 58,097.90 during the intraday period on Monday. The index has tumbled 3.2% on a year-on-year basis.

Dixon Technologies (12.45%), Cochin Shipyard (4.51%), Tata Communications (4.48%), NLC India (4.47%) and Vishal Mega Mart (4.3%) were the most gaining stocks on the Nifty Midcap 100 index. Dixon Technologies shares were buzzing on Monday after delivering steady volume growth with a negative bottomline performance for the quarter gone by. Despite a decline in the net profit, the shares soared, as the company's outlook and guidance for the coming quarters and next fiscal year bolstered investor confidence. On the flip side, PB Fintech (-6.86%), Lodha Developers (-3.43%), Bank of Maharashtra (-2.74%), Blue Star (-2.67%) and Oracle Financial Services Software (-2.26%) were the biggest laggards on the index.

The Nifty Smallcap 100 index opened at 18,442.50 on Monday and touched an intraday high of 18,643.25. On a yearly basis, the index has gained 1.2%. As many as 73 stocks on the index were trading in green at the time of writing the copy. ITI (20%), Affle 3i (9.9%), NBCC (9.06%), Inox Wind (8.57%) and Vedanta Power (6.43%) were the top contributors. Further, Amber Enterprises India (6.33%), Ola Electric Mobility (6.15%), Delhivery (6.14%), KEC International (5.89%) and IFCI (5.52%) were the other top gainers on the index.

Shares of Delhivery surged as the company reported a strong topline revenue performance and a significant profitability improvement sequentially, despite a continued inflationary cost backdrop in the second quarter of the 2026-27 financial year Q2 FY27. However, Syrma SGS Technology (-5.99%), Sterlite Technologies (-5%), HFCL (-5%), Mtar Technologies (-4.99%) and RR Kabel (-4.97%) lead the losers' pack. This article is written purely for informational purposes and should not be considered investment advice. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.