Markets continue to climb; Sensex gains 471 points in early trade

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Markets continue to climb; Sensex gains 471 points in early trade


 On Friday, the BSE benchmark climbed 282.88 points or 0.44% to settle at 64,363.78 points whereas the Nifty rose 97.35 points or 0.51% to 19,230.60 points. File.
| Photo Credit: Vivek Bendre

Equity benchmark indices continued to rally for the third straight session on November 6 amid beneficial traits in international markets.

The 30-share BSE Sensex jumped 471.45 points to 64,835.23 points in early trade. The Nifty climbed 126.75 points to 19,357.35 points.

Among the Sensex companies, Larsen & Toubro, Axis Bank, Nestle, JSW Steel, IndusInd Bank and Mahindra & Mahindra had been the largest gainers.

State Bank of India and Tata Motors had been the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling in the inexperienced.

The U.S. markets ended in the optimistic territory on Friday.

“The market construct now is favourable for the bulls despite the uncertainty surrounding the Israel-Hamas conflict. The sharp decline in the US 10-year bond yield from the October high of 5 per cent to 4.58 per cent now is the strongest tailwind for the market,” V.Okay. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, stated.

Global oil benchmark Brent crude climbed 0.37% to $85.20 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities value ₹12.43 crore on Friday, in accordance to alternate information.

On Friday, the BSE benchmark climbed 282.88 points or 0.44% to settle at 64,363.78 points whereas the Nifty rose 97.35 points or 0.51% to 19,230.60 points.



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