Sensex surges 1,225 points, Nifty closes above 23,800

Indian equity markets closed at two-month highs on Tuesday, 3 November, extending gains for a fourth straight session. The Sensex rose 1,225 points or 1.62% to 76,918, while the Nifty gained 370 points or 1.58% to settle at 23,811, the first time above 23,800 since August. The rally was driven by falling crude oil prices, strong Q2 corporate earnings, renewed foreign fund inflows and a sharp decline in US Treasury yields, analysts said.

The Nifty FMCG index surged nearly 3%, led by Marico which jumped up to 10% on strong results and an upgraded guidance. Capital market stocks also rallied over 4.5% on hopes of tax relief for equity investors after comments by Finance Minister Nirmala Sitharaman. PSU banks and metals were the major laggards. Analysts placed the next resistance for the Nifty at the 23,950 to 24,000 zone.

Update, 3 November 2026: Fortune India now also reports the same gains, confirming the Sensex closed at 76,917.85 and the Nifty at 23,810.85. The outlet adds that the Nifty’s four-session advance of nearly 5% is its biggest four-day rally in seven months, and notes HDFC Bank, Nestle India and Tata Consumer Products were among the key contributors.