Business · Markets · 38 mins ago
Sensex and Nifty close at nearly two-month highs after four-day rally
India’s main stock indexes rose for a fourth straight session on Tuesday, closing at their highest levels in nearly two months.
The Sensex gained 1.62% to 76,917.85, while the Nifty 50 rose 1.58% to 23,810.85.
Foreign investors bought a net ₹6,837 crore of Indian shares, their biggest single-day net purchase since October 2025, while domestic institutions sold shares worth ₹3,679 crore.
Investors also drew confidence from improving company earnings, attractive share prices and expectations of stronger festival-season demand.
Oil prices had fallen from a recent high of $115 a barrel, helping sentiment, but concerns about crude prices remain because oil is an important business cost.
Analysts said a lasting rally depends on stable oil prices and a stronger economic outlook.
India’s Sensex and Nifty rose for a fourth consecutive session on Tuesday, closing at their highest levels in nearly two months.
The Sensex closed at 76,917.85, up 1.62%, while the Nifty 50 ended at 23,810.85, up 1.58%.
Both indices gained around 5% over four sessions, supported by foreign investor buying, corporate earnings and improving sentiment.
Foreign Portfolio Investors bought ₹6,837 crore worth of Indian equities on Tuesday, while domestic institutional investors sold ₹3,679 crore.
Market participants also cited easing crude oil prices, festival demand and optimism about a possible review of long-term capital gains tax.
- Who
- India’s Sensex and Nifty, along with foreign and domestic institutional investors.
- What
- The Sensex and Nifty rose for a fourth consecutive session and closed at nearly two-month highs.
- When
- Tuesday, November 3, 2026.
- Where
- Indian stock markets.
- Why
- Foreign investor buying, improved earnings, attractive valuations and expectations of easing crude prices supported sentiment. Traders also cited festival demand and optimism about a possible long-term capital gains tax review.
This story does not have two clearly opposing sides.
The Sensex and Nifty rose around 5%, with the rally extending for a fourth consecutive session.
Foreign Portfolio Investors net bought ₹6,837 crore worth of Indian equities, while domestic institutional investors net sold ₹3,679 crore.
The Sensex and Nifty closed at their highest levels in nearly two months.
- Sensex close
- 76,917.85, up 1.62%
- Nifty 50 close
- 23,810.85, up 1.58%
- Foreign Portfolio Investors
- Net purchases of ₹6,837 crore on November 3
- Domestic institutional investors
- Net sales of ₹3,679 crore on November 3
- Four-session gains
- Around 5% for both benchmark indices
3 sources
What people are saying
Some global investors could also be diversifying away from large artificial intelligence-related investments following volatility in technology stocks. At the same time, the recent market correction has made Indian equities more attractive.
The positive sentiment was supported by easing crude oil prices, improved global cues, continued foreign investor buying and optimism around corporate earnings.
Nifty has moved over 4 per cent in the past four days. The rally was supported by Monday’s global correction, favourable earnings reported by companies including fast-moving consumer goods (FMCG) giants ITC and Marico, easing crude oil prices, continued foreign fund inflows, and optimism around a potential review of LTCG taxation for foreign investors.