Diwali bonanza for D-Street: Sensex logs best pre-festival rally in 35 years, jumps 10%
In a significant market rally, the Sensex gained over 8.8% as foreign investors resumed buying Indian stocks. This surge followed the US midterm elections, which boosted hopes for policy stability and reduced crude prices. Major gains were seen in companies like Mahindra and Mahindra, Bajaj Finance, and HDFC Bank. The rupee strengthened to a two-month high...
Key Takeaways
- In a significant market rally, the Sensex gained over 8.8% as foreign investors resumed buying Indian stocks.
- This surge followed the US midterm elections, which boosted hopes for policy stability and reduced crude prices.
- Major gains were seen in companies like Mahindra and Mahindra, Bajaj Finance, and HDFC Bank.
In a significant market rally, the Sensex gained over 8.8% as foreign investors resumed buying Indian stocks. This surge followed the US midterm elections, which boosted hopes for policy stability and reduced crude prices. Major gains were seen in companies like Mahindra and Mahindra, Bajaj Finance, and HDFC Bank. The rupee strengthened to a two-month high against the US dollar during this period.
Original Publisher Attribution
This summary was curated from Times of India.