From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Nifty breaches 23,500 as falling crude prices & RIL surge fuel rally
What's behind this
On November 1, India’s equity markets surged, with the BSE Sensex climbing roughly 800 points to near 23,650 and the NSE Nifty 50 also rising, while individual stocks showed mixed moves: Trident gained about 10%, Marico about 8% and KEC International fell around 9%. Foreign Institutional Investors bought shares worth Rs 3,117.99 crore, whereas Domestic Institutional Investors sold about Rs 406.61 crore. In early trade the Sensex jumped 614.66 points to 76,301.63 and the Nifty rose 149.80 points to 23,588.55, supported by a sharp correction in crude‑oil prices and foreign fund inflows. Asian peers showed mixed performance, with South Korea and Shanghai lower and Hong Kong higher.
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Falling crude prices, improving FII flows, too, aid in all-round rally
RSS excerpt
Among the top gainers on the Nifty 50, IndiGo led with a 2.99% rise to ₹5,066.80, followed by Shriram Finance, up 1.99% at ₹880.50
