Sensex Jumps 2,009 Points as Crude Slumps and FII Buying Rises
Lower crude prices and renewed foreign buying lifted Indian equities, while the Sensex closed above 79,000 for the first time in more than six months.
- The BSE Sensex surged 2,008.61 points, or 2.60%, to close at 79,310.01 on November 5, marking one of its biggest single-day gains in recent months.
- A sharp decline in crude oil prices, with Brent crude falling nearly 9% in the previous session, boosted investor confidence and raised hopes of lower inflationary pressures in India.
- Foreign institutional investors returned strongly to Indian equities, purchasing shares worth approximately ₹7,284 crore on Wednesday, their highest single-day investment since October 2025.
- Optimism following the US midterm election results and expectations of reduced geopolitical tensions in West Asia further strengthened market sentiment and encouraged investors to increase their exposure to equities.
- The rally extended the Indian stock market's winning streak to six consecutive sessions, with the Sensex gaining more than 6,000 points and the Nifty advancing 576 points to close at 24,536.60.
54 Articles
54 Articles
A market meltdown in Asia, a Diwali party on Dalal Street
While Asia is nursing an AI hangover, Dalal Street is celebrating Diwali early. Foreign investors are back with their wallets open, earnings are adding to the cheer and large-caps are stealing the show. But is this party just getting started, or could the global gloom spoil the fun?
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
Dalal Sreet Soars: BSE jumps 2,009 points, NSE tops 24,500; Falling crude, FII buying, US poll verdict add Rs 7 lakh cr
MUMBAI — Indian equity markets staged one of their most powerful single-day rallies in recent months on November 5, as benchmark indices posted explosive gains and added nearly Rs 7 lakh crore to the total market capitalisation of BSE-listed companies. The 30-share BSE Sensex surged 2,008.61 points, or 2.60 per cent, to settle at 79,310.01, while the broader NSE Nifty 50 jumped 576 points, or 2.40 per cent, to close at 24,536.60. A powerful conv…
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