Mumbai, November 4, 2026 (Yes Punjab News)
Benchmark equity indices extended their gains for the fifth consecutive session on Wednesday, supported by buying in FMCG, realty and metal stocks, while broader markets outperformed despite weakness in IT shares.
The Sensex rose 383.55 points, or 0.5 per cent, to close at 77,301.40, while the Nifty gained 149.75 points, or 0.63 per cent, to settle at 23,960.60.
Among Nifty constituents, Bharat Electronics, Adani Enterprises and Titan Company were the top gainers. The Nifty MidCap 100 climbed 1.55 per cent, while the Nifty SmallCap 100 advanced 2 per cent.
Sectorally, Nifty IT declined more than 1 per cent, emerging as the worst performer. Nifty Media, Metal, FMCG and Realty indices registered strong gains.
Market experts noted that the Nifty failed to cross the key psychological resistance of 24,000 despite sustained buying. A decisive breakout above this level could strengthen bullish momentum, while 23,750-23,700 remains the immediate support zone.
Analysts attributed the rally to improving investor sentiment, optimism over possible tax relief in the upcoming Union Budget, better-than-expected quarterly earnings and resilient festive consumption. They said earnings visibility and crude oil prices would remain key market drivers, advising selective stock-specific positioning amid geopolitical uncertainty.
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