2 November 2026. The Nifty 50 — measured here through the NAVs of 23 Nifty 50 index funds — rose 1.68%, mid caps (Nifty Midcap 150 funds) moved +1.26% and small caps (Nifty Smallcap 250 funds) +1.35%. Across the 551 equity schemes we track, 539 closed higher (98%). Over the past week the Nifty 50 measure is +3.03%, over one month +4.57% and since the start of the year −9.56%.
How big was that? Over the past year the Nifty 50 measure’s daily move was smaller than today’s on 95% of trading days — one of the larger moves of the past year. Keeping that in proportion matters: most single-day moves, however loud the headlines, are well inside the normal range.
The day in numbers
| Measure (via fund NAVs) | 1 day | 1 week | 1 month | Year to date |
|---|---|---|---|---|
| Nifty 50 | +1.68% | +3.03% | +4.57% | −9.56% |
| Nifty Next 50 | +1.85% | +3.73% | +0.01% | +0.02% |
| Nifty Midcap 150 | +1.26% | +2.43% | −1.49% | −4.08% |
| Nifty Smallcap 250 | +1.35% | +2.55% | −3.40% | +1.86% |
| Nifty Bank | +0.57% | +1.16% | +0.99% | −7.29% |
| Gold (gold funds) | −2.20% | −3.01% | −7.21% | +2.04% |
| Silver (silver funds) | −1.19% | −7.12% | −17.90% | −20.82% |
Each line is the median of all Direct Growth index funds or fund-of-funds tracking that market, so it sits within a few basis points of the index itself (the gap is mostly the funds’ expense ratios).
Large caps, mid caps and small caps
Large-cap (+1.29%) and small-cap (+1.09%) funds moved by similar amounts, which suggests the day’s move was broad rather than concentrated in one size of company.
Which equity categories moved most
Among equity categories, Value & contra funds had the strongest day (median +1.42%) and Sectoral & thematic the weakest (+1.07%). A category figure is the median fund in it, not an average weighted by size, so one unusual fund cannot drag it around. Sectoral and thematic funds are the widest-spread group by design — a banking fund and a pharma fund can move in opposite directions on the same day — so their median hides more than any other.
Equity categories: median 1-day return, 2 Nov 2026
%
| Label | Value (%) |
|---|---|
| Value & contra | 1.42 |
| Flexi cap | 1.29 |
| Large cap | 1.29 |
| ELSS (tax saver) | 1.27 |
| Large & mid cap | 1.26 |
| Multi cap | 1.25 |
| Mid cap | 1.23 |
| Dividend yield | 1.22 |
| Focused | 1.22 |
| Small cap | 1.09 |
| Sectoral & thematic | 1.07 |
| Category | Schemes | Rose today | 1 day | 1 week | 1 month | YTD |
|---|---|---|---|---|---|---|
| Large cap | 34 | 34 | +1.29% | +3.03% | +2.86% | −5.79% |
| Large & mid cap | 34 | 34 | +1.26% | +2.87% | +0.45% | −2.04% |
| Mid cap | 33 | 33 | +1.23% | +2.86% | −1.21% | −0.13% |
| Small cap | 36 | 34 | +1.09% | +2.27% | −3.83% | +6.66% |
| Flexi cap | 45 | 44 | +1.29% | +2.97% | +0.35% | −1.73% |
| Multi cap | 32 | 32 | +1.25% | +2.81% | −0.50% | +0.66% |
| Focused | 27 | 27 | +1.22% | +2.87% | +1.33% | −2.71% |
| Value & contra | 26 | 26 | +1.42% | +2.25% | +0.44% | −6.36% |
| ELSS (tax saver) | 43 | 43 | +1.27% | +2.79% | +1.10% | −4.29% |
| Dividend yield | 10 | 10 | +1.22% | +2.45% | +0.90% | −4.65% |
| Sectoral & thematic | 231 | 222 | +1.07% | +2.99% | −0.08% | −2.43% |
| Aggressive hybrid | 31 | 31 | +1.11% | +2.39% | +1.14% | −2.42% |
| Balanced advantage | 38 | 38 | +0.98% | +2.01% | +1.02% | −1.44% |
| Multi asset | 25 | 23 | +0.54% | +1.46% | −0.48% | −0.71% |
| Equity savings | 23 | 23 | +0.55% | +1.23% | +0.79% | +1.64% |
| Arbitrage | 39 | 39 | +0.18% | +0.28% | +0.69% | +5.59% |
| Conservative hybrid | 18 | 18 | +0.42% | +0.79% | +0.19% | +0.94% |
Hybrid funds: what a cushion looks like
Aggressive hybrid funds, which hold roughly 65–80% in equities, moved +1.11%. Balanced advantage funds, which change their equity share with valuations, moved +0.98%. Arbitrage funds — which lock in the price gap between the cash and futures markets — moved just +0.18%, the kind of steadiness they are built for. The less equity a hybrid fund holds, the smaller its share of an equity-market day, in both directions.
Debt funds: the quiet side of the market
Liquid funds earned +0.45% over the past month, about +5.5% a year at that pace — a reasonable read of what very short-term money is paying. Long-duration bond funds gained +0.58% over the past week. When long-term bond prices rise, bond yields have fallen: the two always move in opposite directions, and funds holding longer-dated bonds feel it most.
| Debt category | Schemes | 1 day | 1 week | 1 month | YTD |
|---|---|---|---|---|---|
| Overnight | 40 | +0.05% | +0.11% | +0.47% | +4.37% |
| Liquid | 44 | +0.06% | +0.14% | +0.45% | +5.44% |
| Money market | 26 | +0.06% | +0.14% | +0.35% | +5.32% |
| Ultra short duration | 51 | +0.07% | +0.15% | +0.31% | +5.13% |
| Corporate bond | 21 | +0.17% | +0.27% | −0.06% | +3.37% |
| Banking & PSU | 20 | +0.15% | +0.23% | −0.06% | +3.35% |
| Gilt | 29 | +0.57% | +0.81% | −0.08% | +1.81% |
| Long duration | 13 | +0.38% | +0.58% | −0.17% | +2.34% |
| Credit risk | 13 | +0.19% | +0.31% | +0.18% | +5.96% |
Gold, silver and global funds
Gold funds moved −2.20% on the day and −7.21% over the month. Silver funds moved −1.19% (−17.90% over the month). In rupee terms, gold and silver funds carry two prices at once — the metal in dollars and the dollar in rupees — so a weaker rupee can lift them even on a day the metal is flat.
The bigger picture: the Nifty 50 measure over 12 sessions
Nifty 50 index funds, rebased to 100
index
| Label | Value (index) |
|---|---|
| 15 Oct | 100 |
| 16 Oct | 100.66 |
| 19 Oct | 99.54 |
| 21 Oct | 99.2 |
| 22 Oct | 98.66 |
| 23 Oct | 98.29 |
| 26 Oct | 98.95 |
| 27 Oct | 98.94 |
| 28 Oct | 98.72 |
| 29 Oct | 99.76 |
| 30 Oct | 100.26 |
| 2 Nov | 101.95 |
Inside the portfolios: the latest monthly disclosures
Daily NAVs show what fund portfolios are worth; the monthly disclosures show what they hold. Comparing every scheme’s last two disclosed portfolios, these holdings saw the largest changes in pooled value:
Largest increases
- HDFC Bank Limited (Banks) — pooled disclosed value +₹6,399 Cr across 293 schemes
- BSE Limited (Capital Markets) — pooled disclosed value +₹3,599 Cr across 135 schemes
- National Stock Exchange Of India Ltd (Capital Markets) — pooled disclosed value +₹2,925 Cr across 116 schemes
Largest decreases
- ICICI Bank Limited (Banks) — pooled disclosed value −₹22,901 Cr across 634 schemes
- Infosys Limited (IT - Software) — pooled disclosed value −₹12,024 Cr across 512 schemes
- State Bank of India (Banks) — pooled disclosed value −₹11,076 Cr across 582 schemes
What this means if you invest through SIPs
The Nifty 50 measure is +4.57% over the past month. For a SIP investor, rising NAVs mean each instalment buys fewer units — the other side of rupee-cost averaging. A SIP is built to keep investing through both kinds of month, which is why one month, and certainly one day, is a poor reason to start or stop one.
If you want to see how today’s market sits inside your portfolio — what you actually own across all your funds, and how much they overlap — Portfolio Analysis reads your CAS and does it in one step.
How these numbers are calculated
- Source: the net asset values every fund house publishes through AMFI each business day.
- Universe: open-ended Direct Plan Growth options with a NAV on 2 November 2026 and the previous business day (30 October 2026). IDCW options are excluded because payouts distort the NAV change.
- Category figures are medians, so a single fund with an unusual day does not move them. Categories with fewer than five schemes are left out.
- Index measures are the median of all index funds or fund-of-funds tracking that index, not the index level itself.
- Windows: 1 week = five business days; 1 month and year-to-date use the last NAV on or before 2 October 2026 and 31 December 2025.