Global Markets Fuel India's Third Consecutive Stock Rally

6 Nov 2023 , 01:45 PM

Equity benchmark indices extended their upward momentum for the third consecutive session on Monday, benefiting from positive trends in global markets. At the time of writing Sensex was trading at Rs 64,789 which is a 0.66% increase from the previous day’s close. Whereas Nifty was trading at Rs 19,361 which is a 0.67% increase than the previous day’s close.

Notable gainers among Sensex firms included Larsen & Toubro, Axis Bank, Nestle, JSW Steel, IndusInd Bank, and Mahindra & Mahindra. On the flip side, State Bank of India and Tata Motors were among the laggards.

Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were trading in positive territory, reflecting a positive global sentiment. The US markets closed on a positive note on Friday.

Global oil benchmark Brent crude rose by 0.37 %, reaching USD 85.20 per barrel. Foreign Institutional Investors (FIIs) were net sellers of equities worth Rs 12.43 crore on Friday, as per exchange data.

In the previous trading session, the BSE benchmark gained 282.88 points or 0.44 % to close at 64,363.78 points, while the Nifty advanced by 97.35 points or 0.51 %, closing at 19,230.60 points.

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