Early Diwali for investors as Sensex surges 1,600 points, Nifty gains 400
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian stock markets rallied sharply on Thursday as the Sensex gained 1,435.46 points and the Nifty 50 crossed 24,355.80.
- ✓Falling crude prices and renewed foreign buying lifted sentiment.
- ✓Ponmudi R, CEO of Enrich Money, said, "sustained foreign inflows could strengthen the recovery," as investors cheered the US midterm election results.
Story at a Glance
- Category
- MARKET
- Reported By
- The Statesman
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Indian shares rallied sharply on November 5 as falling crude prices, foreign institutional buying and the US midterm election outcome lifted sentiment.
Indian stock markets rallied sharply on Thursday, with the Sensex gaining more than 1,400 points in early trading and the Nifty 50 crossing 24,350, as falling crude oil prices and renewed foreign institutional buying lifted investor sentiment.
At 9.19 am, the Sensex was up 1,435.46 points, or 1.86 per cent, at 78,736.86, while the Nifty 50 advanced 395.20 points, or 1.65 per cent, to 24,355.80.
The gains followed the Democratic Party's victory in both chambers of the US Congress in the November 3 midterm elections, which raised market expectations of a potential easing of the conflict in West Asia.
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The Statesman
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