Sensex and Nifty climb in early trade on strong foreign fund inflows

Benchmark indices Sensex and Nifty continued their winning run in early trade on Tuesday, November 3, 2026, supported by a sharp correction in crude oil prices and foreign fund inflows. The 30-share BSE Sensex jumped 614.66 points to reach 76,301.63, while the 50-share NSE Nifty rallied 149.80 points to touch 23,588.55.

Gainers and Losers

Among the 30 Sensex firms, InterGlobe Aviation, UltraTech Cement, HDFC Bank, Asian Paints, Hindustan Unilever, and Infosys emerged as major winners. At the same time, Sun Pharma, Kotak Mahindra Bank, NTPC, and Power Grid traded lower. Meanwhile, Brent crude traded marginally up at $104.8 per barrel.

Market Factors

Foreign Institutional Investors bought equities worth ₹3,114.68 crore on Monday. This follows a third straight day of rallying on Monday, when the Sensex jumped 1,233.25 points, or 1.66%, to close at 75,692.78, and the Nifty surged 387.70 points, or 1.68%, to end at 23,440.80. V K Vijayakumar, chief investment strategist at Geojit Investments Ltd, noted that circumstances are ideal for the rally to continue, pointing out that a mega-cap stock surged 11.6% in a single day for RIL.

Global Cues

Hariselvan Radhakrishnan, founder and CEO of HST Wealth, stated that investor sentiment found support from retreating crude prices following Qatar-mediated talks between the US and Iran. In wider Asian markets, South Korea's Kospi and Shanghai's SSE Composite index traded lower, while Hong Kong's Hang Seng index quoted higher. In the US, markets ended mostly lower on Monday, with the Nasdaq and S&P 500 in negative territory and the Dow Jones ending higher.

Context

Stock market benchmarks regularly fluctuate based on shifts in global crude oil prices, foreign institutional investments, and corporate earnings reports. Lower crude prices generally benefit energy-importing economies like India by reducing import bills and inflation pressures. Investors closely track these macroeconomic indicators alongside global political developments to gauge short-term market direction.