Sensex and Nifty rise for fourth day to hit two-month highs

what happened

On Tuesday, November 3, the BSE Sensex and NSE Nifty extended their winning run to a fourth consecutive session. The Sensex added 1,225 points to settle at 76,918, while the Nifty gained 370 points to close at 23,811. Both benchmarks ended at two-month highs. Over four sessions the Nifty climbed nearly 5%, its strongest four-day gain in seven months.

Banks and consumer stocks led the advance. The Nifty Bank rose 538 points to 55,540, and the Midcap index gained 613 points to 58,596. HDFC Bank shares found buyers, and the FMCG index jumped 3% on strong momentum at Marico. Marico shares surged 9% after its second-quarter results and a raised guidance for FY27. MCX gained 8% ahead of its own quarterly report, and Reliance Industries added close to 2 lakh crore rupees to its market value over two sessions. Power Grid, SBI, Infosys and ONGC were among the laggards. Source: TradingView.

why it matters

A four-day winning streak backed by several sectors points to returning demand in Indian equities. The rally rests on a mix of banks, consumer names and company-specific results rather than one theme. Still, large stocks such as Power Grid and SBI fell after their outlooks and operating numbers, so performance across the index remains uneven.

market impact

Indian equities: bank and consumer buying lifts Sensex and Nifty to two-month highs

• ▲Nifty index pressure up — buying in banks and FMCG stocks plus strong Marico results supported the index

instruments