US optimism fuels Nifty’s strongest 5-day rally in seven months
Benchmark closes above 200-DMA for first time since August; broader markets outperform amid strong FII inflows
IT stocks took a hit as defense and consumer names rallied, leaving the Nifty to stay above 23,800. The Sensex opened at 76,853.11 and closed at 76,974.41, while the Nifty 50 opened at 23,742.25 and closed at 23,832.15 on Wednesday, November 4. ABD led the Nifty gainers with a 3.88 per cent surge, while ITC gained 2.21 per cent, and Titan added 2.19 per cent.
However, TCS was the top loser in technology stocks, falling 2.75 per cent. SBI shares edged higher as analysts weighed Q2 earnings against operational expenses concerns. The rupee strengthened to around ₹94.53 against the dollar, while crude oil prices saw fluctuations due to geopolitical tensions.
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- IT stocks bleed as defence, consumer names rally; Nifty holds above 23,800 thehindubusinessline.com
