Sensex jumps 900 points as Nifty50 crosses 23,700 mark (3 Nov)
- Sensex rose over 900 points to surpass the 76,500 mark.
- Nifty 50 index gained over 1% to move above 23,700.
- Foreign institutional investors infused Rs 3,114.68 crore on Monday.
- Brent oil prices fell below $105 per barrel on diplomatic hopes.
- Nifty 50 has reclaimed the 100-day EMA, signaling improved technicals.
The Indian stock market extended its rally for a fourth consecutive session on Tuesday, November 3, 2026, as the Sensex rose by more than 900 points to surpass the 76,500 mark. The Nifty 50 index gained over 1% to move above 23,700, while the Bank Nifty index advanced past 55,500.
During the same period, the Nifty 50 has increased by over 1,000 points, or 4.43%.
Global risk sentiment improves as Brent oil prices fall
Brent oil prices fell below $105 per barrel after a 7% decline in the previous session, driven by hopes for an end to the US-Iran conflict following talks between Iran and Qatari mediators.
In global markets on Monday, November 2, 2026, CrowdStrike shares rose 3.4% following an upgrade to buy from hold by Deutsche Bank. Rivian shares climbed 3.8% after receiving a buy upgrade from UBS.
Foreign investors infuse Rs 3,114.68 crore into Indian equities
Foreign institutional investors were net buyers on Monday, infusing ₹3,114.68 crore into domestic equities, according to BSE data cited by ndtvprofit.com. Ponmudi R, CEO of Enrich Money, said foreign investor flows are showing improvement. He added that the sustainability of the market recovery depends on crude price stability, continued foreign investor participation, and further diplomatic progress.
In other corporate news on November 2, 2026, Marvell Technology agreed to acquire Lumentum in an all-stock deal, resulting in a 3% share price increase for Marvell and a 2% increase for Lumentum.
Sectoral performance shows mixed trends in domestic markets
Global sentiment remains cautious as finance.yahoo.com reported the Nasdaq Composite lost 5.2% during the month of October.
Technical indicators signal strengthening bullish momentum
The Nifty 50 has reclaimed the 100-day exponential moving average, indicating an improvement in the short-term technical structure, ndtvprofit.com said.
Ponmudi R told ndtvprofit.com that the Relative Strength Index has improved to approximately 63, signaling strengthening bullish momentum.
Ponmudi R told ndtvprofit.com that a sustained move above 23,600 could push the Nifty 50 toward 23,800–24,000. He said the 23,500–23,450 range serves as immediate support followed by the 23,200 mark.
Global market trends influence domestic sentiment
The S&P 500 gained 0.7% that day but remained below its 50-day moving average. Treasury yields dipped close to eight-week lows on the same day.
Oil futures slid on Monday due to hopes of U.S.-Iran talks. Amazon and Sherwin-Williams shares each rose by around 5% on Monday.
Memory stocks, including Micron, SanDisk, and Western Digital, rose on Monday as traders moved back into artificial intelligence names.
The Indian rupee is trading around the 94.70 level against the dollar, according to ndtvprofit.com reports on November 3, 2026.
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