New Delhi, Nov. 3 -- The Q2 results of Indian corporates have broadly met expectations so far, reinforcing market sentiment. The Indian stock market posted strong gains in October, with benchmark indices Sensex and Nifty 50 rising 4.6% and 4.5%, respectively, last month, supported by in-line earnings, easing FII selling, and optimism around India-US trade talks.

The Sensex and the Nifty 50 are inching closer to their record high levels of 85,978.25 and 26,277.35, respectively, which they scaled on September 27 last year. On Monday, November 3, the Sensex rose over 100 points, or 0.10%, to an intraday high of 84,052, while the Nifty 50 climbed by 0.20% to an intraday high of 25,773.

The July-September quarter earnings of India Inc. have ...