Business EconomyPosted at: Nov 4 2026 6:49PM


Stock markets extend winning streak to fifth consecutive session

New Delhi, Nov 4 (UNI)Indian stock markets on Wednesday extended winning streak to a fifth consecutive session. Markets was supported by a sustained decline in crude oil prices, renewed foreign fund inflows and strong domestic earnings.
However, weak global cues and uncertainty surrounding the US midterm election outcome kept investors cautious.
At close, the Sensex was up 383.55 points or 0.50 percent at 77,301.40, and the Nifty was up 149.75 points or 0.63 percent at 23,960.60.
Among the sectors, the key loser was Information Technology index shedding 1.5%. On the gaining side were Media index up by 5%, Metal & Realty up 2%, while consumer durables, oil & gas, energy, FMCG, up 1% each.
On Nifty, the gainers were Bharat Electronics, Titan Company, Adani Enterprises, Jio Financial, Max Healthcare, while losers included TCS, Infosys, HCL Technologies, Coal India and BSE Limited.
Indian rupee extended its winning run closing marginally higher at 94.64 against the US dollar, compared with the previous close of 94.74.
More than 100 stocks touched 52-week high. These included Emcure Pharma, Welspun Living, Bosch, Adani Ports, PVR INOX, Marico, Indian Hotels, Anand Rathi, Divis Labs, Zydus Life, among others.
Vinod Nair, Head of Research, Geojit Investments Limited said, "“Diwali fireworks” continued on Dalal Street, with mid- and small-caps extending their outperformance as risk appetite strengthened. The U.S. midterm outcome improved global sentiment, raising expectations of a more measured approach to trade and tariff policies and potentially supporting FII flows into emerging markets. Domestically, optimism around possible tax relief maybe in the upcoming union Budget, better-than-expected quarterly earnings and resilient festive consumption added momentum to the rally."
"Improving earnings visibility and healthy domestic demand should keep the near-term bias constructive, although geopolitical risks and crude oil volatility could trigger intermittent profit booking."UNI VK AAB
Tags: #Stock markets extend winning streak to fifth consecutive session
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