Sensex Surges 1,233 Points, Nifty Reclaims 23,400
What Happened
Indian markets closed sharply higher on November 2, extending gains for a third straight session. The Sensex jumped 1,233.25 points, or 1.66%, to 75,692.78, while the Nifty 50 gained 387.70 points to 23,440.80. Reliance Industries was the standout heavyweight, surging about 11.6%, while Tata Steel and State Bank Of India were also among the major gainers. Nifty Oil & Gas and Metal led sectoral gains, while IT ended lower. Broader markets participated too, with the Nifty Midcap 100 rising 1.19% and Nifty Smallcap 100 gaining 0.71%.
Key Takeaways
Falling crude oil prices, strong heavyweight earnings and the sharp rally in Reliance Industries powered Indian markets higher, helping Nifty reclaim the 23,400 mark and extending the winning streak to three sessions.