Indian Markets Extend Rally, Sensex Jumps 1,225 Points
What Happened
Indian markets closed sharply higher on November 3, with the Sensex jumping 1,225.07 points, or 1.6%, to 76,917.85, while the Nifty 50 gained 370.05 points, or 1.6%, to 23,810.85. The rally extended the market’s winning run to a fourth session, supported by easing crude oil prices, renewed foreign-investor interest and expectations around possible changes to equity taxation. Bharti Airtel, HDFC Bank, Hindustan Unilever and Asian Paints were among the major gainers.
Key Takeaways
Dalal Street maintained its strong recovery, with both benchmarks gaining about 1.6% and Nifty reclaiming 23,800 as lower oil prices and improved investor sentiment supported broad buying.