Domestic Markets Close on a Positive Note

Indian stock markets ended Wednesday’s trading session on a positive note, supported by falling crude oil prices and encouraging signals from Asian markets. The benchmark indices opened with strong gains and touched fresh highs during the morning session. However, heavy profit-booking and selling pressure in IT and realty stocks dragged the markets down sharply. The indices recovered towards the close and managed to retain their gains. The Sensex advanced 772.75 points to settle at 81,879, while the Nifty gained 210 points to close at 25,255, comfortably above the 25,200 mark.

The Sensex opened at 82,248.68, gaining nearly 1,100 points compared with its previous close of 81,106.65. It climbed further to touch an intraday high of 82,520, its highest level in eight months. However, investors began booking profits, leading to a sharp correction. Selling in IT and realty shares pushed the index down to an intraday low of 81,417, a fall of more than 1,000 points from the day's peak. The market recovered during the final trading hours, helping the Sensex close with a gain of 772.75 points. The rupee also strengthened by 8 paise against the US dollar to settle at ₹93.69.

Several factors supported the market rally. Expectations of easing tensions in West Asia pushed crude oil prices lower, with prices falling below $90 a barrel during Tuesday's trading session to a three-month low. Although Brent crude edged up to around $92 a barrel on Wednesday, the broader global market sentiment remained positive. Continued buying by foreign institutional investors also boosted domestic equities. Foreign investors purchased shares worth ₹7,212 crore in the previous session, while FPI investments between November 2 and 9 stood at ₹53,739 crore, according to the figures provided. Better-than-expected second-quarter results from several companies also contributed to the positive market sentiment.