Benchmarks rally for fifth session, Nifty crosses 23,950 mark
Mumbai, Nov. 4 -- The key equity benchmarks ended higher on Wednesday, extending their winning streak to five consecutive sessions. Easing crude oil prices, renewed foreign portfolio investor (FPI) buying and a broader recovery in equities supported sentiment. The Nifty settled above the 23,950 mark. Realty and metal stocks advanced, while information technology shares remained under pressure.
Foreign investors were net buyers of Indian equities in November, providing further support to the market. Brent crude prices fell below $102 a barrel, offering relief to oil-importing economies such as India. Investors also assessed the outcome of the US midterm elections, with Democrats securing control of both chambers of Congress. The result ra...
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