Mumbai, Nov. 3 -- Benchmark indices Sensex and Nifty continued their winning streak for the fourth day in a row on Tuesday, ending nearly 2 per cent higher, amid a correction in crude oil prices from their recent highs and renewed foreign fund inflows.
The 30-share BSE Sensex jumped 1,225.07 points, or 1.62 per cent, to settle at the day's high of 76,917.85.
The 50-share NSE Nifty rallied 370.05 points, or 1.58 per cent, to end at the day's high of 23,810.85.
In the 30 Sensex firms, Hindustan Unilever, Bharti Airtel, HDFC Bank, Asian Paints, UltraTech Cement and ICICI Bank were among the major winners. Power Grid, State Bank of India, NTPC, Tata Steel and Trent were the laggards.
The BSE MidCap Select index climbed 0.87 per cent and SmallCap Select index was up 0.60 per cent.
Among BSE sectoral indices, FMCG jumped 3.38 per cent, Realty 2.33 per cent, Top 10 Banks 1.92 per cent, Financial Services 1.67 per cent, Auto 1.64 per cent and Consumer Discretionary 1.30 per cent.
Utilities and Power were the laggards.
A total of 2,510 stocks advanced, while 1,895 declined and 201 remained unchanged on the BSE.
Brent crude, the global oil benchmark, was up 0.72 per cent at $105.6 per barrel.
"Brent near $105.50 has fallen materially from last week's high as Qatar-mediated communication between the US and Iran raised expectations of progress toward ending the conflict and restoring energy flows through the Strait of Hormuz. This is a meaningful improvement in India's near-term macro backdrop, but its earnings impact will depend on crude remaining lower rather than reacting temporarily to diplomatic headlines," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.
Foreign Institutional Investors (FIIs) bought equities worth Rs 3,114.68 crore on Monday, according to exchange data.
In four days, the Sensex has gained 3,671.82 points, or 5 per cent, and the Nifty climbed 1,112 points, or 4.89 per cent.
Published by HT Digital Content Services with permission from Millennium Post.