Markets continue to rally for second day on positive global trends

 The Nifty went up by 97.35 points or 0.51% to 19,230.60. File.

Mumbai

Equity benchmark indices Sensex and Nifty ended with gains on November 3 in line with positive trends in global markets.

Extending its previous day’s rally, the 30-share BSE Sensex climbed 282.88 points or 0.44% to settle at 64,363.78. During the day, it jumped 454.29 points or 0.70% to 64,535.19.

The Nifty went up by 97.35 points or 0.51% to 19,230.60.

Among the Sensex firms, Titan, Tech Mahindra, Tata Motors, JSW Steel, ICICI Bank, Infosys, State Bank of India, and Sun Pharma were the major gainers.

Bajaj Finserv, IndusInd Bank, Nestle, Tata Steel and Bajaj Finance Bank were the major laggards.

In Asian markets, Seoul, Shanghai and Hong Kong settled with gains.

European markets were trading in the positive territory. The U.S. markets ended with significant gains on Thursday.

Global oil benchmark Brent crude rose 0.01% to $86.86 a barrel.

“The optimism is buoyed by firm global clues, steady macroeconomic data and strong domestic corporate earnings. Clues that Fed is unlikely to hike rates in the future and modest decline in oil prices are adding to the optimism,” said Vinod Nair, Head of Research at Geojit Financial Services.

Foreign Institutional Investors (FIIs) continued to be net sellers in the capital markets as they offloaded equities worth ₹1,261.19 crore on Thursday, according to exchange data.

The BSE benchmark jumped 489.57 points or 0.77% to settle at 64,080.90 on Thursday. The Nifty climbed 144.10 points or 0.76% to 19,133.25.