Sensex Crosses 76,300 and Nifty Tops 23,600 as Dalal Street Extends Three-Day Rally

Dalal Street Extends Winning Streak Into Third Consecutive Session

Indian equity benchmarks opened firmly higher on Tuesday, November 3, 2026, extending a powerful recovery rally fueled by cooling global crude oil prices and resilient Q2 FY27 corporate earnings. The BSE Sensex climbed into the 76,140–76,390 range (+0.8%), while the Nifty 50 reclaimed the 23,540–23,620 zone.

The morning advance follows Monday's decisive breakout, where the Sensex surged 1,233 points (+1.66%) to close at 75,692.78 and the Nifty 50 rallied 387 points (+1.68%) to settle at 23,440.80.

Key Catalysts Driving Indian Equities

• Crude Oil Relief: Brent crude oil stabilized near $104–$105 per barrel, retreating sharply from recent highs near $118 following diplomatic engagement in the Middle East. Lower energy prices directly ease India's imported inflation and current account deficit pressures.
• Domestic Institutional Support: Sustained systematic investment plan (SIP) inflows and renewed foreign institutional buying in financials and industrials have absorbed global macro volatility.
• Broad Sectoral Participation: Financials, automobiles, metals, and oil marketing companies led early gains, with market breadth favoring advancing scrips by nearly 2:1 on the NSE.

Technical Levels to Watch

Traders are monitoring 23,400 on the Nifty 50 as immediate intraday support, with sustained trade above 23,650 opening the path toward the 23,800 resistance cluster ahead of key heavyweight banking earnings.