Sensex up 384 pts, Nifty above 23,950,IT stock declines

The domestic share markets extended their rally for the fifth straight session on Wednesday, supported by falling crude oil prices, fresh foreign investor buying and encouraging corporate earnings. However, cautious global sentiment and uncertainty over the US midterm election results limited investor confidence.At close, the Sensex was up 383.55 points or 0.50 percent at 77,301.40, and the Nifty was up 149.75 points or 0.63 percent at 23,960.60.
Bharat Electronics, Titan Company, Adani Enterprises, Jio Financial, Max Healthcare were the top gainers on the Nifty, while losers included TCS, Infosys, HCL Technologies, Coal India and BSE Limited.On the sectoral front Information Technology index shed 1.5%, while Media index up 5%, Metal & Realty up 2%, while consumer durables, oil & gas, energy, FMCG, up 1% each.The broader indices ended higher and outperformed the main indices with Nifty midcap index adding 1.3 percent and smallcap index rising 2 percent.
Rupee Close:
On 4 Nov'26,the Indian rupee ended marginally higher at 94.64 against the US dollar on Wednesday, aided by a weaker dollar and lower oil prices as ​investors assessed the impact of US midterm election results.
Trading Guide:
Market experts recommended Godrej Properties, Bajaj Auto, and Tata Power as the top stocks to buy on Wednesday.

(Business Correspondent)