Sensex Extends Rally for Fourth Straight Day

2026-11-03 04:51 By Jereli Escobar 1 min. read

India’s BSE Sensex rose about 1.0% to 76,408 on Tuesday, extending its winning streak to four sessions and holding near its highest level since September 7, as easing crude oil prices, strong corporate earnings and renewed foreign buying lifted sentiment.

Foreign portfolio investors bought a net 31.15 billion rupees ($350 million) worth of Indian shares on Monday, supporting equities after sustained outflows.

Sentiment also benefited from SEBI’s proposal to scrap long-term capital gains tax on foreign equity investments, subject to government approval.

Among stocks, Marico gained 6.3% after reporting a 31% rise in quarterly net profit, aided by lower copra costs and resilient demand.

KRBL climbed 11.8% on a 51% profit increase, while Trident surged 12.3% after reporting a 93.1% rise in profit and announcing a 4,650-crore-rupee expansion, and VRL Logistics jumped 10% on stronger earnings.

Meanwhile, KEC International fell 7.3% after quarterly profit plunged 81.5%.



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Sensex Extends Rally for Fourth Straight Day
India’s BSE Sensex rose about 1.0% to 76,408 on Tuesday, extending its winning streak to four sessions and holding near its highest level since September 7, as easing crude oil prices, strong corporate earnings and renewed foreign buying lifted sentiment. Foreign portfolio investors bought a net 31.15 billion rupees ($350 million) worth of Indian shares on Monday, supporting equities after sustained outflows. Sentiment also benefited from SEBI’s proposal to scrap long-term capital gains tax on foreign equity investments, subject to government approval. Among stocks, Marico gained 6.3% after reporting a 31% rise in quarterly net profit, aided by lower copra costs and resilient demand. KRBL climbed 11.8% on a 51% profit increase, while Trident surged 12.3% after reporting a 93.1% rise in profit and announcing a 4,650-crore-rupee expansion, and VRL Logistics jumped 10% on stronger earnings. Meanwhile, KEC International fell 7.3% after quarterly profit plunged 81.5%.
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Sensex Finishes Sharply Higher
India’s BSE Sensex staged a strong rally to close about 1.7% firmer at 75,693 on Monday, its highest since September 7, buoyed by strong corporate results, cooling oil prices and improving foreign investor activity. Foreign Institutional Investors (FIIs) purchased equities worth 35.99 billion rupees on Friday, extending their buying streak to six sessions in the past 10 trading days. Hopes of tax relief on equity investments also lent support to market sentiment, following reports of proposed changes to India's long-term capital gains tax regime. Heavyweight Reliance Industries topped the gainers, surging 11.6% to post its strongest single-day gain since April 2020, after reporting a better-than-expected 40.6% jump in September-quarter net profit. Bahrat Electronics advanced 1.9% after reportinga 20% rise in Q2 consolidated net profit. Meanwhile, Maruti Suzuki India gained 2.2%, on the back of robust October sales figures across the automobile sector. Conversely, tech stocks lagged.
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2026-11-02