Stock markets rally in early trade on foreign fund inflows, easing crude oil prices

A view of the National Stock Exchange in Mumbai. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Market benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday (November 4, 2026), extending their rally for the fifth day running, propelled by foreign fund inflows and easing crude oil prices.The 30-share BSE Sensex climbed 288 points to 77,185.35 in early trade. The 50-share NSE Nifty was up 77.25 points to 23,890.85.In the 30 Sensex firms, Bharat Electronics, ITC, Adani Ports, HDFC Bank, Bajaj Finserv and State Bank of India were among the biggest winners.Power Grid, Eternal, Tata Consultancy Services and Bharti Airtel were among the laggards.Brent crude, the global oil benchmark, traded 0.43 per cent lower at USD 103.2 per barrel.Foreign Institutional Investors (FIIs) bought equities worth Rs 6,836.81 crore on Tuesday, according to exchange data."There is a distinct change in the market mood now. This has changed the market construct, too. The principal factor that has changed the market mood is the sudden reversal of the FII stance towards India," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.Good corporate earnings and the attractive valuations in large-caps is providing the fundamental support to the rally, he said adding that weakening of the AI trade also has facilitated the return of the FIIs.In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index traded lower, while Hong Kong's Hang Seng index quoted marginally higher.The U.S. equity markets ended mostly higher on Tuesday (November 3, 2026).On Tuesday, the Sensex jumped 1,225.07 points, or 1.62%, to settle at the day's high of 76,917.85. The Nifty rallied 370.05 points, or 1.58%, to end at the day's high of 23,810.85.In the last four trading days, the Sensex has jumped 3,671.82 points, or 5%, and the Nifty climbed 1,112 points, or 4.89%. Published - November 04, 2026 11:23 am IST